o758037

@o758037

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Prosecutors also said the executives “would lie to potential clients about the cost of the machines” to make an additional profit and kept a spreadsheet with the real and inflated prices of mining rigs, which were “well above the stated 13-15% procurement fee that they would show to potential clients.”

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The trio also “used money from new clients — which the new clients believed had been used to purchase their miners — to buy Bitcoin and transfer it to the earlier clients without telling the earlier clients that their miners were not actually operating,” the complaint alleged.

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Prosecutors also said the executives “would lie to potential clients about the cost of the machines” to make an additional profit and kept a spreadsheet with the real and inflated prices of mining rigs, which were “well above the stated 13-15% procurement fee that they would show to potential clients.”

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The trio also “used money from new clients — which the new clients believed had been used to purchase their miners — to buy Bitcoin and transfer it to the earlier clients without telling the earlier clients that their miners were not actually operating,” the complaint alleged.

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Fortunately, a fast-growing sector of Bitcoin decentralized finance (DeFi) applications and layer-2s is unlocking Bitcoin’s liquidity by creating a native DeFi ecosystem that will be one of the hottest new sectors in crypto during 2025.

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While the digital gold narrative is attracting increased institutional and retail interest — as can be seen by the record inflows in Bitcoin exchange-traded funds since their launch in January 2024 and the recent new all-time high — the vast majority of Bitcoin is sitting idle in wallets and is unproductive. With a market capitalization of over $2 billion, there is a vast untapped potential to put Bitcoin’s liquidity to work.

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Bitcoin is the oldest, most prominent, most secure blockchain and asset in the crypto space. Recently, it proved critics wrong by setting a new all-time high and breaking the psychologically significant barrier of $100,000, and continuing to break new all-time highs. While its adoption is steadily increasing, its primary use case has changed over the last 15 years since its inception. It was initially created as a peer-to-peer digital currency, but it has evolved to be seen as digital gold.

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@jennyliver2298

Binance Labs has invested an undisclosed amount in Thena, a decentralized exchange (DEX) and liquidity protocol on the BNB Chain. Launched in January 2023, THENA offers spot and leverage trading with up to 60x leverage, utilizing the “ve(3,3)” tokenomics model to manage liquidity and reward participants. The model incentivizes long-term participation by allowing users to lock tokens in exchange for governance rights and rewards.

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Fidelity Ethereum Fund (FETH) again notched second place, with $1.5 billion in net inflows.

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This figure factors in more than $20 billion in net outflows from Grayscale Bitcoin Trust (GBTC), which the asset manager launched in 2013, initially as a non-listed trust.

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https://warpcast.com/j2754529/0x484368b7

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United States lawmakers who benefitted from support from the cryptocurrency industry in their respective 2024 primaries or elections will soon be sworn into office for the 119th session of Congress.

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From a $6,600 individual contribution from Ripple co-founder Chris Larsen to Maryland Senator Angela Alsobrooks to more than $10 million from the Protect Progress PAC — also a Fairshake affiliate — to support Michigan Senator Elissa Slotkin, crypto money arguably influenced the composition of the next US Senate just as much if not more than other special interest groups.

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The composition of both chambers could affect legislation in 2025 on how to regulate crypto in the US through proposed bills like the Financial Innovation and Technology for the 21st Century Act (FIT21).

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In its heyday, FTX was one of the most prominent cryptocurrency exchanges in the world, bringing in millions of users from dozens of countries. That changed in less than a week in November 2022 after the firm reported liquidity problems and was forced to declare bankruptcy.

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Though Bitcoin ended 2024 having reached an all-time high price of more than $100,000, the year also marked the end of criminal cases of many high-profile cryptocurrency industry leaders and scammers.

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After their 2024 election wins, some in the industry have suggested that they will continue their approach to supporting candidates in the 2026 midterms and beyond. As of November, Fairshake reported having roughly $103 million to be used for the 2026 election cycle, primarily funded by Coinbase and Ripple. All 435 House members, serving two-year terms, will be up for election again at that time.

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In its heyday, FTX was one of the most prominent cryptocurrency exchanges in the world, bringing in millions of users from dozens of countries. That changed in less than a week in November 2022 after the firm reported liquidity problems and was forced to declare bankruptcy.

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o758037 pfp

Though Bitcoin ended 2024 having reached an all-time high price of more than $100,000, the year also marked the end of criminal cases of many high-profile cryptocurrency industry leaders and scammers.

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o758037 pfp

After their 2024 election wins, some in the industry have suggested that they will continue their approach to supporting candidates in the 2026 midterms and beyond. As of November, Fairshake reported having roughly $103 million to be used for the 2026 election cycle, primarily funded by Coinbase and Ripple. All 435 House members, serving two-year terms, will be up for election again at that time.

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15 reactions