Circle terminated all accounts of Justin Sun and related companies in February 2023, refuting claims of any connection to money laundering activities on the TRON network. Circle states that they are not a "bank" for Justin Sun and his entities, highlighting their commitment to legal and regulatory compliance. The government has not designated Justin Sun or his affiliated entities as subjects under special monitoring. Circle emphasizes the strict regulatory environment, evident in cases like Binance, prompting crypto companies to adhere to legal frameworks. #Circle #JustinSun #CryptoNews
Ninety Eight unveils the Starship launchpad platform, supporting fundraising for projects at all stages, across multiple chains and platforms.
Ninety Eight launches Starship launchpad
Following the rebranding from Coin98 Finance to Ninety Eight and establishing a $25 million ecosystem development fund in November 2023, the project introduces its new-generation launchpad called Starship.
Empowering web3 builders in securing necessary financial support Web3 builders face various challenges, including funding and fundraising, in the ever-evolving market. The current common method of fundraising is through public token sales, but it proves ineffective and doesn't meet project team requirements. Starship addresses this issue by offering a customizable fundraising model tailored to specific needs, supporting projects at all stages, from pre-public to private or public sales.
A launchpad focused on the community Starship targets high-potential projects, aiming to bridge the gap between investors and projects. The launchpad assists startups in securing funding to unleash their full potential through rigorous screening processes and a well-established network of experienced investors.
Starship is a multichain launchpad, supporting multiple chains such as Viction, BNB Chain, to expand the reach of potential startups. It empowers individual investors, allowing small players to participate in the crypto ecosystem.
Matrixport maintains its prediction that Bitcoin will reach $63,140 in April 2024 and $125,000 by the end of the year amid expectations of continued market growth. In their recent report, Matrixport Research suggests that the cryptocurrency market is entering its fifth bull market phase. Initially forecasting Bitcoin to reach $40,000 - $45,000 by the end of this year, the research unit now believes positive macroeconomic, political, and monetary flow factors will propel the coin to $63,000 in April 2024.
Referring to historical price cycles, Matrixport notes a pattern where after three years of price decline (2014, -58%; 2018, -72%; 2022, -65%), the fourth year (2023, +123%) marks the beginning of an upward cycle.
Taking cues from Bitcoin Halving events, traditionally associated with price increases in 2012 (+186%), 2016 (+126%), and 2020 (+297%), Matrixport predicts Bitcoin scarcity will drive it to $125,000 by the end of 2024 as mining companies adopt a strategy of holding BTC post-halving.
Considering macroeconomic factors such as expected inflation rates, Matrixport anticipates favorable conditions for robust cryptocurrency market growth. The prediction includes the possibility of the Federal Reserve (Fed) initiating interest rate cuts, coupled with external capital inflows, leading to significant market expansion.
As of December 1st, Bitcoin has already reached $38,450, setting a new high for 2023. #Bitcoin #Matrixport #CryptoMarket #BTCPricePrediction
Starknet Foundation confirms the finalized deadline for the upcoming STARK token airdrop. The community recently shared screenshots of a Starknet website interface outlining various criteria for the project's airdrop. However, it's noted as a draft, with users even spotting a misspelled project name.
Addressing the situation, Starknet Foundation stated, "The team is building and testing different frontend versions, some promising and some not." They emphasize that the criteria listed in the draft are still under development and review, with the final criteria to be announced when fully ready.
The foundation also confirms the deadline for the airdrop Snapshot has been decided, and user activities after that won't contribute to the reward criteria. In a 2022 announcement, Starknet Foundation mentioned the issuance of 10 billion STARK tokens, with 50% held by the organization and the rest allocated to developers, contributors, and the community. #Starknet #Airdrop #STARKToken
Sam Bankman-Fried is facing extortion threats in prison and has considered paying another inmate to act as a "bodyguard." Gene Borrello, a former New York mafia member and a former inmate with Sam, revealed details of Bankman-Fried's prison life in an interview conducted by cryptocurrency blogger Tiffany Fong on November 30, 2023.
According to Borrello, Bankman-Fried became a favored target for threats from other inmates due to his reserved nature, appearing much older than his age, and being perceived as wealthy. Concerned for his safety, Borrello tried to reassure Bankman-Fried, emphasizing that the Metropolitan Detention Center Brooklyn is not a dangerous place for wealthy and cooperative individuals with the government.
Despite Borrello's attempts to calm him, Bankman-Fried remained fearful and even contemplated paying another inmate, Kevin Cruz, for protection. Borrello advised against it, asserting that there was no real danger and no need for protection.
The interview also delved into Bankman-Fried's use of his substantial wealth. Borrello questioned him about his spending habits, mocking the idea of stealing large sums of money just to admire it. Bankman-Fried mentioned owning an Apple Watch and driving a 2020 Toyota Camry.
Furthermore, Borrello discussed Bankman-Fried's disbelief in receiving a lengthy prison sentence and the challenges he might face in the future. Borrello warned him about the seriousness of the charges and the strict judge overseeing the case, Judge Lewis Kaplan. Despite facing multiple charges, including fraud and money laundering, Bankman-Fried remains optimistic about his legal outcome.
In the ongoing trial, the former FTX CEO has been found guilty of all seven charges, including fraud, deception, and money laundering, potentially facing a maximum sentence of 110 years. However, he may still face additional charges from the U.S. Department of Justice, including financial contribution regulations, bank fraud, operating an illicit money transfer organization, and bribing foreign officials.
@erdinaksu DeFi platforms Aerodrome and Velodrome facing front-end compromises. Users advised against engaging with the services as investigations are underway. The situation involves funds worth around $40,000. Xd