FTX’s Gary Wang Sentenced to Time Served
The fifth and final executive convicted in the FTX exchange collapse in 2022, Zixiao “Gary” Wang, the co-founder of FTX, was sentenced to time served and asset forfeiture in New York on November 20. In December 2022, Wang and Caroline Ellison, the former CEO of Alameda Research, entered into a plea of guilty to fraud […]
Coinbase to Delist WBTC After Compliance Review
Coinbase will delist wrapped Bitcoin (WBTC) due to unmet compliance standards, halting trading but keeping user funds accessible. Recently, Coinbase disclosed that the bundled Bitcoin (WBTC) pairs would be delisted imminently. This decision was made in response to a review of the platform’s asset listing standards, which may have been noncompliant. Consequently, users will still […]
Binance Pool Launches Fractal Bitcoin Mining Starting Nov. 18
Binance Pool has allowed users to mine Bitcoin and receive rewards in the form of Fractal Bitcoin. However, the exchange does not currently intend to list the Facebook token. Binance recently announced a new feature on Binance Pool that facilitates combined mining for Fractal Bitcoin. According to its official website, Fractal Bitcoin is a layer […]
Marathon Digital Plans Bitcoin Growth with $700M Convertible Notes
Marathon Digital plans a $700M convertible notes offering, with an optional $105M for initial buyers, to restructure debt and fund growth. Marathon Digital Plans on Bitcoin Marathon Digital, bitcoin miner, intends to privately issue $700 million in convertible senior notes due in 2030, according to a statement issued on November 18. The offering includes an […]
Crypto Awaits BlackRock Shock Amid $30T Bitcoin Prediction
Bitcoin has surged toward $100,000, driving the crypto market near $3 trillion, fueled by Bitcoin predictions from Donald Trump and Elon Musk. In recent weeks, Bitcoin has reemerged in the public eye as U.S. president Donald Trump and Elon Musk continue to make significant predictions regarding its price. Bitcoin Prediction in Crypto Market For the […]