Aurelia Butler

Bitcoin (BTC) price fell over 12% on the weekly chart to $57,780 as of 1:10 p.m. in UTC, which is 21.6% lower thatn its all-time high of $73,750, reached on March 14, according to CoinMarketCap data.Continue Reading on Cointelegraph More

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“These ZPL-Assets unlock a world of opportunities on Solana,” Zues Network wrote on May 1. “Facilitating activities like DeFi, GameFi, SocialFi, DePIN, and more, which were previously challenging on the Bitcoin blockchain.”Continue Reading on Cointelegraph More

Since the sentencing hearings for former FTX CEO Sam “SBF” Bankman-Fried and former Binance CEO Changpeng “CZ” Zhao, many in and out of the crypto space have questioned why the two industry leaders have received such different treatment in the U.S. legal system. Bankman-Fried could be in his fifties by the time he leaves prison and will likely have fewer assets than Zhao, who will be out of prison by the end of the year and, according to Forbes, has an estimated net worth of $33 billion.Continue Reading on Cointelegraph More

“Bitcoin is not only the oldest blockchain but also continues to have the highest liquidity,” Ankr wrote. “Unfortunately, this liquidity has traditionally been trapped within the Bitcoin L1. With the aid of Ankr’s liquid staking service, Bitcoin can be staked through various Bitcoin restaking protocols. This enables users on the Bitcoin network to earn additional staking rewards while providing other ecosystems access to Bitcoin liquidity.”Continue Reading on Cointelegraph More

Some analysts believe that investors are in a holding pattern until Jerome Powell, Chair of the United States Federal Reserve (Fed), concludes his speech following the two-day monetary council meeting on May 1. Although it is widely expected that the Fed will maintain interest rates at 5.25%, there is considerable skepticism regarding the U.S. Treasury Department’s ability to finance the government’s budget.Continue Reading on Cointelegraph More

Ver, who earned the moniker “Bitcoin Jesus” after spreading the word about Bitcoin in its early days, was arrested in Spain this weekend and might be extradited.The allegations are the latest brought by U.S. authorities against prominent crypto entrepreneurs. Changpeng Zhao, cofounder of Binance, the world’s largest crypto exchange, was sentenced to four months in jail on Tuesday. Sam Bankman-Fried, the former CEO of the FTX crypto exchange, received 25 years in prison.The news of Ver’s arrest has sent waves through the crypto community, provoking reactions from many, including Galaxy CEO and billionaire investor Mike Novogratz.Novogratz called Roger Ver’s arrest a “sad one.” U.S. authorities accuse Ver of failing to record capital gains and pay taxes on his Bitcoin holdings, which he began acquiring in 2011.Ver renounced his U.S. citizenship in 2014 and became a citizen of St. Kitts and Nevis, although he was still obligated to file U.S. tax returns that included earnings from certain assets, such as Bitcoin. Novogratz highlights the possibilities in the case, stating that “the feds” often go after cases with more than a 95% chance of winning. Expressing hopes that a settlement is reached quickly, Novogratz acknowledges Ver as a pioneer in the space, funding projects that helped create the crypto industry. He further added that while he disagreed with the Bitcoin evangelist’s preoccupation with Bitcoin Cash, he always found him to be nice and helpful. “Hoping Roger reaches a settlement quickly and moves on with this. He was a pioneer in the space and funded lots of projects that helped create our industry. I really didn’t agree with him on his Bitcoin Cash obsession but always found him kind and helpful,” Novogratz wrote. This article was originally published on U.Today More