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The US won’t try ex-FTX chief Sam Bankman-Fried a second time on additional charges, Changpeng Zhao is denied journey a second time, and Michael Saylor’s MicroStrategy buys extra Bitcoin. Learn on!
Bankman-Fried won’t face second trial
US prosecutors won’t put bankrupt alternate FTX founder Sam Bankman-Fried on trial a second time, Reuters reported. In his first trial, he was discovered responsible of seven charges and faces years in jail for stealing $8 billion from prospects.
Bankman-Fried had confronted six different charges, together with marketing campaign finance violations, conspiracy to commit bribery, and conspiracy to function an unlicensed cash transmitting enterprise, the report stated.
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Prosecutors stated there was “robust public curiosity” in resolving the case.
Changpeng Zhao denied journey once more
For a second time, a federal choose dominated that ex-Binance CEO Changpeng Zhao can’t go away the US forward of his sentencing in February on one felony rely, for which he faces as many as 18 months in jail, Cointelegraph reported.
Choose Richard Jones once more denied a movement from Zhao requesting permission to journey overseas. The explanations for Zhao’s second movement have been sealed by the court docket.
Zhao was initially ordered to stay within the US on December 7, when the choose advised he could also be a flight threat if he have been to journey to his residence in Dubai. Zhao stays free on a $175 million bond, however should stay within the US.
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Ripple’s XRP nears accounts milestone
XRP, the native cryptocurrency of the Ripple community, is nearing a milestone of 5 million holders, in response to data from XRP Ledger Providers.
At time of publication there have been 4,983,828 holders of XRP amid regular progress.
Ripple not too long ago selected Eire as its foothold to entry the EU, DL News reported. With the Markets in Crypto-Asset regulation going stay by the tip of subsequent 12 months, business actors can choose one member state from which it could possibly passport its licence to the EU’s 450 million inhabitants.
Saylor’s MicroStrategy buys extra Bitcoin
MicroStrategy continues to accumulate Bitcoin, not too long ago shopping for 14,620 BTC for about $615.7 million, founder Michael Saylor stated in a post on X.
The corporate holds about 189,150 Bitcoin price $8.11 billion amid a surge in worth. BTC was holding at greater than $42,000 at time of publication, having risen from about $16,000 early in 2023. Bitcoin’s fourth halving approaches, in all probability in April, and the primary spot Bitcoin ETF could also be authorized by the US in early in 2024.
What we’re studying across the internet
Charles Hoskinson’s ‘mucho aliens!’ tops the five weirdest crypto stories we covered this year — DL News
Crypto Options Trading Volume Hits Record as ETF Deadline Nears — Bloomberg
Fraud vs innovation: How Asia’s crypto watchdogs will struggle to strike a balance in 2024 — DL News