Cryptocurrencies keep pushing boundaries, and each headline is a testament to the industry’s growth. Let us bring you up to speed with the most significant stories from the past week. Next week also promises to be full of events that may affect the overall market picture.
Review of the past week:
| March 26, 2024 | KuCoin Crypto Exchange and Founders Charged by DOJ for $9B Laundering, Anti-Money Laundering Violations. Crypto exchange KuCoin and two of its founders got charged by US authorities for operating as an illegal exchange in the USA, as well as for failing to implement anti-money laundering protocols. Read more |
| March 27, 2024 | Nilam Resources Announces Letter of Intent to Acquire 24,800 Bitcoin. The entity will hold 24,800 Bitcoin, which will serve as collateral for raising capital to invest in high-yield generating projects. Read more |
| March 28, 2024 | Bankman-Fried sentenced to 25 years for multi-billion dollar FTX fraud. Sam Bankman-Fried was sentenced to 25 years in prison by a judge for stealing $8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step in the former billionaire wunderkind’s dramatic downfall. Read more |
| March 28, 2024 | Google now allows wallet address searches for Bitcoin, Fantom, Arbitrum and others. Google recently opened up new functionality to search blockchain data on Bitcoin, Arbitrum, Avalanche, Optimism, Polygon and Fantom networks. Read more |
| March 28, 2024 | Prisma Finance appears to have been hacked for $9 million in ongoing exploitLiquid staking protocol Prisma Finance appears to have been exploited for $9 million, according to on-chain data from blockchain security experts. Read more |
What’s coming up for us this week:
| April 03, 2024 | U.S. Fed Chair Powell Speaks. Federal Reserve Chair Jerome Powell (Feb. 2018 – Feb. 2026) is to speak on April 03, 2024, at 04:10 P.M. UTC. Read more |
As the crypto landscape evolves, so does the need for a reliable platform. At FYBIT, we provide the tools for your success. Don’t wait, trade with FYBIT.
Best regards,
FYBIT team
