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Former FTX Exec Nishad Singh Escapes Jail, Forfeits $11 Billion for Cooperation in Bankman-Fried Cas
In a pivotal development, former FTX executive Nishad Singh has been sentenced to three years of supervised release with no jail time, following his significant cooperation in the investigation of FTX founder Sam Bankman-Fried. Singh, who once served as the engineering director at the now-collapsed crypto exchange, has been ordered to forfeit $11 billion as part of his sentence.
Judge Lewis Kaplan highlighted Singh’s “remarkable” cooperation, noting his swift actions to aid authorities. Singh’s
Today's news about Hamster Kombat revolves around its controversial airdrop and subsequent market performance. After the highly anticipated airdrop, many players expressed disappointment, with some only receiving tokens worth less than $5. This has led to frustration among users, especially since only a small portion of the total airdrop allocation is accessible until mid-2025. Additionally, accusations surfaced that influencers received a disproportionate share of the tokens, further aggravating the community.
The HMSTR token also experienced a sharp decline of 30% post-listing, currently trading at around $0.008. Despite the negative reception, the game's team has unveiled a roadmap for 2025, including plans to expand the game library, integrate NFTs, and launch a persistent web app by November 2024.
While some players are leaving the platform due to dissatisfaction, the development team aims to stabilize the token and improve the gaming ecosystem.
BREAKING: 💳 The CEO of Mastercard has just announced that Ripple $XRP is set to replace Swift. Talks are already underway to utilize #XRPL for transactions.
BREAKING: $SHIB is up 25% today, showing a strong interest in #memecoins as the market rebounds. $FLOKI is showing incredible strength as well. Top crypto analysts predict that FLOKI will follow SHIB as it has historically moved alongside SHIB. #shib
Here are the key updates from the crypto world for September 14, 2024:
1. FTX/Alameda and Solana: FTX/Alameda unstaked over $1 billion worth of Solana (SOL) in the past few months. Despite concerns about potential selling pressure, Solana has shown resilience, trading around $137, with a recent high of $139.76. Broader market optimism, driven by hopes of a Federal Reserve rate cut, has kept Solana bullish. However, the increased SOL supply from unstaking could introduce challenges ahead.#FTXSolanaRedemption
2. Bitcoin and Ethereum: Bitcoin crossed the $60,000 mark, while Ethereum is trading above $2,400. The overall crypto market has been bullish, driven by stronger-than-expected U.S. Producer Price Index (PPI) data, which boosted confidence in risk assets.#bitcoin
3. Donald Trump’s Crypto Project: Former U.S. President Donald Trump announced the launch of his new DeFi platform, "World Liberty Financial," scheduled for September 16. The project aims to promote the global use of stablecoins pegged to the U.S. dollar, supporting DeFi adoption and maintaining U.S. financial dominance.#trumpcoin
1. City Regulator Charges First Individual with Running Illegal Crypto ATM Network: The City watchdog has brought its first charges against an individual for operating a network of illegal cryptocurrency ATMs.
2. Crypto Scams Rake in $5.6 Billion Annually: According to the FBI, crypto-related cybercrime resulted in losses exceeding $5.6 billion in the US in 2023, marking a 45% increase from the previous year.
3. Kamala Harris Unveils Policy Positions, Excludes Stance on Crypto: Ahead of the 2024 presidential election, Kamala Harris has revealed her policy positions, notably excluding any stance on cryptocurrency regulations.
🚨Breaking: Japan’s Metaplanet acquired another 38.464 Bitcoin, valued at roughly 300 million yen ($2 million), increasing its total holdings to $26 million. #bitcoin #metaplanet
Bitcoin News Today: A Brief Overview As of September 10, 2024, here are some key Bitcoin-related headlines:
* BCH Group's Chief Compliance Officer Resigns: Natasha Powell is leaving the crypto payments firm, BCB Group. This comes amid other senior management departures at the company.
* WazirX Hacker Moves Stolen Funds to Tornado Cash: The hacker who stole funds from the Indian crypto exchange has transferred some of the stolen assets to the privacy-enhancing protocol.
* Trump's Return to Office Could Impact Bitcoin Prices: Some analysts speculate that a Trump presidency could lead to a surge in Bitcoin prices due to potential regulatory changes.