In his first appearance on US soil since his arrest in the Bahamas, Bankman-Fried was granted a $250 million bail package, secured by his parents' Palo Alto home, which is worth nowhere near that amount. Furthermore, Sam Bankman-Fried pleads not guilty.
According to Bitbo statistics, the 19 millionth bitcoin was just mined, having left just under 2 million BTC for miners to distribute into circulation as the Bitcoin infrastructure ticks through a predetermined issuance schedule till it approaches the 21 million supply limit and stops creating new bitcoin.
LinkedIn published a blog entry outlining its efforts to fight fraud. This had to be done after it was revealed that big crypto investment frauds are happening via LinkedIn.
A new study by Ripple says over 75% of financial institutions intend to use crypto in the next three years and cited a lack of proper regulatory framework as the reason why they hadn't done it previously.
A recent BNN/Bloomberg report said how crypto industry whistleblowers could make millions from the collapse of FTX.
Bitcoin's popularity grows year after year. By every criteria — financial value, adoption rates, transaction volume, you name it — Bitcoin is becoming popular. Fearing its capacity to upset the financial system, banks are trying to discredit Bitcoin and cryptourrency.
Bitcoin could continue to decline for an extended period of time due to the growing concern around the stability of global markets. Thus far, 80,000 Bitcoin millionaires have been wiped out in the great crypto crash of 2022.
Greenpeace has intensified the campaign against Bitcoin following Ethereum's merge. The movement features a petition asking Fidelity, BlackRock, and other companies to convert Bitcoin away from PoW.
The NFT developers stand to pocket $4.5 million if the collection sells out. It is unclear how much money Trump will make from the sales. Nevertheless, Trump makes a major announcement with $99 NFT trading cards.
The Bitcoin-friendly president of El Salvador, Nayib Bukele, said that his country plans to build the world's first Bitcoin City at a Bitcoin investment summit on Saturday.