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The judge has diverged from DOJ’s 36-month proposal. Some believe the judge is leaning towards a 10 to 16-month sentence. Changpeng ‘CZ’ Zhao is accused of violating the Bank Secrecy Act. In a pivotal turn of events, the sentencing hearing for Changpeng ‘CZ’ Zhao, the former CEO of Binance , has taken a surprising twist. Judge Richard Jones has signalled a departure from the harsh sentencing proposed by the United States Department of Justice (DOJ), favouring a more lenient approach. Judge Jones leans towards leniency In the ongoing court hearing, Judge Jones expressed scepticism towards the DOJ’s push for a lengthy prison sentence, opting instead to align with the recommendation put forth by the Probation Office. This recommendation suggests a jail term of 10 to 16 months for Zhao, a stark contrast to the 36 months sought by the DOJ. Zhao’s guilty plea and community support Zhao’s legal woes stem from a one-count charge of violating the Bank Secrecy Ac

Backed Finance AG, a leading issuer of tokenized real-world assets and tokenization services, announced a successful Series A funding round, having secured $9.5 million.  Led by Gnosis, the funding round attracted both existing and new investors including Exor Seeds, Cyber Fund, Mindset Ventures, Stake Capital Ventures, Blockchain Founders Fund, Blue Bay Capital, and Nonce Classic. Backed brings traditional finance to blockchain The funding highlights Backed’s mission to bring traditional finance (TradFi) to the blockchain. Picks for you Crypto traders lost $100 million in 4 hours as the market crashed 35 mins ago Promising Ethereum tokens to invest in May 2024 47 mins ago Cardano price prediction after whale activity explodes 1 hour ago Professional trader warns of ‘catastrophic’ market crash and crypto lows 1 hour ago round ed-md layout-adjustment"> Adam Levi, Backed co-founder, expressed excitement about the investment round , stat

The Bitcoin price is up almost 1.5% in the past 24 hours to trade for $63,258 as of 01:54 a.m. EST. Trading volume surged 38%, perhaps due to spot Bitcoin and Ethereum exchange-traded funds (ETFs) listing on the Hong Kong Stock Exchange today. The 3 Hong Kong spot #Bitcoin ETFs are going to start trading in a few hours. They're ready to go on Bloomberg/@TheTerminal pic.twitter.com/SSCB09p57b — James Seyffart (@JSeyff) April 29, 2024 In the immediate aftermath of the Hong Kong BTC ETFs going live, the Bitcoin price rose by $600, with reports indicating that it recorded up to $6.3 million in volume. Hong Kong opens for #Bitcoin ETF business and we are up $600 bucks in a matter of minutes. Lets hope this is a nice harbinger of hardness . pic.twitter.com/zqnpiz3oBp — InvestAnswers (@invest_answers) April 29, 2024 Elsewhere, the largest corporate holder of Bitcoin, MicroStrategy, has reported a net loss of $53.1 million in the first quarter (Q1) of 2024. Despite that, it cont

In a bold stride towards reshaping media and technology landscapes, OpenAI spearheads groundbreaking alliances that promise to revolutionise industries. From redefining AI-driven journalism with the Financial Times (FT) to exploring the possibilities of collaboration with Worldcoin in cryptocurrency, OpenAI is at the forefront of innovation, pushing boundaries and challenging norms. Redefining AI Journalism with the Financial Times We’ve partnered with @FT to enhance news content in ChatGPT and collaborate on new AI experiences for FT readers. https://t.co/qNWTg2HyPK — OpenAI (@OpenAI) April 29, 2024 The collaboration between OpenAI and the Financial Times marks a significant milestone in the evolution of AI journalism. Integrating FT’s esteemed journalism into OpenAI’s ChatGPT gives users a richer, more informed experience with select summaries, quotes, and links to FT articles. John Ridding , CEO of the FT Group , highlights this alliance’s importance,

Historical data from past bull cycles suggests that the Bitcoin rally typically precedes the explosion of the next cryptocurrencies to experience significant growth. However, the current crypto market performance defies popular predictions. This observation explains why many traders believe that funds from the Bitcoin uptrend often rotate into altcoins. Given the current market dynamics, it’s essential to reassess our predictions. We analyze the performance of several altcoins worth considering. Our primary objective is to identify and give details about potential investment opportunities. 5 Best Altcoin to Buy Now  Helium has introduced Hotspots powered by 5G, facilitating faster speeds and reduced latency. The project’s primary focus is to provide a realistic solution without making exaggerated claims. Also, HBAR experienced a substantial 100% increase, reaching $0.18. Meanwhile, investors actively seek out crypto tokens that could offer significant returns. Many top trending cr

As Bitcoin (BTC) continues to trade in a consolidation phase below $65,000, technical indicators and historical performances suggest that the maiden cryptocurrency might be on the brink of significant capitulation in the coming months. In particular, crypto trading expert Alan Santana’s analysis in a TradingView post on April 27 suggested that Bitcoin could drop over 50% from its current price to $30,000. The analyst warned investors to beware of the imminent “ capitulation drop,” which he suggested marks a significant event that occurs only once every several years. Santana’s calculations are based on Bitcoin’s average trading range over the past month and a half, which sits around $66,600. Picks for you Popular Bitcoin wallet bans United States citizens from its service 16 mins ago Has Bitcoin topped out? Peter Brandt signals potential end of bull run 34 mins ago Opportunity? Silver to face historical deficit as industrial demand grows 2 hours ago

Victoria, Seychelles, April 27th, 2024, Chainwire Bitget, the world’s leading cryptocurrency exchange and Web3 company, has announced to upgrade its Zero-Fee Campaign to Trade to Mine Promotion. This new initiative incentivizes users with Bitget Token (BGB) for trading BTC/USDT and ETH/USDT in the spot market. Daily transaction fees generated by these two pairs will be returned to traders in the form of BGB tokens, and the event will go live on 28th April and end on 20th May, 2024. The distribution of rewards will be based on the volume of spot transactions in BTC/USDT and ETH/USDT pairs completed the previous day. To provide a better advantage to new users, API transactions, sub-accounts, institutional users, and market maker accounts are excluded from this program. The total reward pool is directly correlated to the total handling fees collected from eligible BTC/USDT and ETH/USDT transactions, ensuring a fair distribution of rewards among participants. User

Amidst the anticipated positive effect of the recently concluded Bitcoin Halving event, Ali Martinez, a well-known cryptocurrency analyst and trader has issued a noteworthy warning about BTC’s trajectory, predicting that the price of the crypto asset could undergo a correction to the $59,000 mark. Potential Declines For Bitcoin Martinez’s Analysis delves into the potential for Bitcoin to experience possible dives on the downside in the short term. Considering the BTC’s chart in the 12-hour timeframe, the analyst noted that two signals have manifested signaling potential price declines. Related Reading: Analyst Points To Possible 30% Bitcoin Correction, Calls For Caution These include a red candlestick from the TD (Tom Demark) Sequential and a death cross between the 50 and 100 Simple Moving Average (SMA). As a

London, United Kingdom, April 26th, 2024, Chainwire The Slothana (SLOTH) presale has raised over $15 million in funding and is entering its final stage, with two days remaining before the token lists on decentralized exchanges (DEXs). Slothana was able to hit this milestone after initially raising $2.5 Million is 72 hours, followed by a cumulative raise of $12.5 in less than a month. This puts the total funds raised at the $15 Million mark. Through a social media campaign featuring sloth memes on its official Twitter account, Slothana has built up an impressive following of over 25,000 people and have seen some of its recent posts been viewed by over 240,000 users, liked by over 1,000 people and commented over 600 times. This ties in with the recent Solana-based memecoin trend the crypto industry is observing as of late, with projects like SLERF, BOBAOPPA, BOME and others that recently hit the center stage with their innovative fund raising techniques. Sloth

Worldcoin recently announced plans to launch its open-source blockchain, World Chain. Worldcoin has faced regulatory challenges around the world. Worldcoin’s collaboration with PayPal and OpenAI will be a major achievement for the company. Tools for Humanity, the company behind Sam Altman’s iris-scanning project Worldcoin, has hinted at potential partnerships with PayPal and OpenAI. According to Bloomberg, Alex Blania, the CEO of Tools for Humanity, mentioned potential collaborations with OpenAI and also hinted about ongoing conversations with PayPal . However, no concrete developments have been announced yet. The company previously collaborated with cybersecurity firm Okta to develop an authentication service, indicating its openness to partnering with established players in the industry. Worldcoin’s challenges and expansion efforts Worldcoin describes itself as a free, privacy-preserving, open protocol designed to become the world’s largest identity a

Key takeaways Bitbot is currently in its 12th presale stage and has raised nearly $2.9 million. The presale price will increase to $0.018 in the next stage. The cryptocurrency market has been volatile since last week’s halving, with prices of Bitcoin and other major altcoins fluctuating. However, that hasn’t stopped Bitbot’s progress as its presale approaches a new milestone.  What is Bitbot? Bitbot is a unique Web3 project targeting cryptocurrency traders. It is a Telegram trading bot that offers users access to high-end trading Features .   It is designed for retail cryptocurrency traders as it allows them to trade a wide range of crypto pairs via their cold wallets on Telegram. Bitbot chose to leverage Telegram as it is the leading messaging platform for crypto users.  Per the whitepaper, Bitbot will provide retail traders with world-class features to help them manage and grow their trading portfolios.  The cryptocurrency market has been recording ex

BLUR, the native token of the Blur NFT marketplace, saw a recent boost in its market price following a particular announcement.  According to data by CoinMarketCap, BLUR has gained by 11.75% in the last 24 hours, emerging as one of the top gainers in today’s market.  Looking at its price overview,  BLUR has shown a rather mixed price movement in the last seven days, although resulting in an overall price gain of 12.43% However, the token’s monthly chart data tells a different story, with BLUR losing over 26% of its value in the last 30 days. During this period, BLUR  fell to its lowest price this year, trading as low as $0.297.  Listing Announcement Causes BLUR Market Surge BLUR experienced a sudden hike in its price this morning, leading to the token trading around $0.43 for the first time since the beginning of

Top US-based crypto exchange Coinbase is listing a new security-focused Ethereum (ETH) altcoin, along with other major platforms. Coinbase announced via the social media platform X that the crypto project Safe (SAFE) landed a listing on the platform as an “experimental asset.” “Safe is now live on Coinbase.com and in the Coinbase iOS and Android apps with the ‘experimental’ label. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.” The platform uses the experimental asset label for tokens that pose certain risks such as price swings and canceled orders because of lower trading volume and availability. The Singapore-based cryptocurrency trading platform Bitrue is also listing Safe for trading starting April 25th. “Bitrue will list Safe and open trading for the SAFE/USDT spot trading pair. Listing schedule: Deposit opening time: April 24, 2024, 10:00 (UTC). SAFE/USDT trading opening time: April 25, 2024, 8:00 (UTC). With

A closely followed analyst is predicting an imminent massive breakout for Ethereum (ETH) competitor Solana (SOL). Pseudonymous analyst Bluntz tells his 256,800 followers on the social media platform X that SOL appears to be printing a bullish pattern on the four-hour chart, setting higher lows. “SOL gearing up for a violent breakout here in my opinion.” Source: Bluntz/X The trader also uses Elliott Wave theory, which states that a bullish asset often witnesses a fresh leg up after a three-part ABC correction. Looking at his chart, the trader suggests SOL completed the ABC correction after a retest of the $120 level. Solana is trading for $159 at time of writing, up more than 3% in the last 24 hours. Next up, the analyst says that Pepe (PEPE) seems to be in a bullish uptrend after bouncing off a key Fibonacci level at $0.000004454. He also believes that Pepe’s chart is the most bullish compared to other top memecoins. “Of all the major memecoins, Pepe looks th