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SBF, Courtroom, SDNY, FTX trial

March 28, 2024

FTX Founder Sam Bankman-Fried Sentenced to 25 Years for Historic Fraud

Judge Lewis Kaplan said he felt Bankman-Fried needed to have a long sentence because of his approach to viewing actions in terms of “expected value.”

PODCASTS

How Gitcoin 2.0 Could Someday Help Reward People for Doing Good - Ep. 624

Episode #624 | March 26, 2024

How Gitcoin 2.0 Could Someday Help Reward People for Doing Good

Gitcoin 2.0 will transform Gitcoin into a decentralized protocol that makes it easy for communities to allocate capital.

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March 6, 2024

Is Bagel the Future of Machine Learning Data in Crypto?

Bidhan Roy, founder and CEO of Bagel, says there’s a better future for AI learning.

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Bitcoin

March 26, 2024

Traders Caught Off Guard as Bitcoin Rebounds to $70,000

The price of bitcoin reclaimed the $71,000 mark late on Monday, before settling at around $70,400 at press time, marking a gain of 5.5% over the last 24 hours, as per data from CoinMarketCap. The sudden price action caught traders off guard, noted on-chain analytics firm Santiment, attributing the rebound …

March 25, 2024

GBTC Could Run Out of Bitcoin in 14 Weeks: Arkham

Spot bitcoin exchange-traded funds (ETFs) have taken center stage over the last few months as BlackRock’s bitcoin ETF (IBIT) continues to hit new ETF industry records. As BlackRock’s IBIT reaches new heights, crypto investment firm Grayscale’s GBTC product is struggling with redemptions and could run out of bitcoin to sell …

March 22, 2024

Weekly Recap: SEC Probes Ethereum Foundation, ETH ETFs Unlikely to Be Approved

In this weekly recap, we cover: Ethereum Foundation’s SEC Scrutiny: Following Ethereum’s switch to a proof-of-stake model, the SEC investigates the foundation for potentially aligning closer with security characteristics, intensifying regulatory debates. Bleak Outlook for Spot Ether ETFs: James Seyffart and Eric Balchunas from Bloomberg adjust their predictions, now foreseeing …

March 21, 2024

Who Owns the Most Bitcoin Now?

With pseudonymous Bitcoin creator Satoshi Nakamoto hitting the top 25 on the Forbes list of the world’s richest people, you may be curious to know which individuals and companies own the most bitcoin in the world. Read on to find out! Who Owns the Most Bitcoin in the World? Bitcoin’s …

Business

March 28, 2024

Ethereum ETF Still Possible Even if SEC Deems ETH a Security: BlackRock CEO

BlackRock, the world’s largest asset manager, is off to a strong start with both its spot bitcoin exchange-traded fund (ETF), which has been trading since Jan. 11, and its even newer Ethereum-based tokenized fund, which has seen significant deposits since its launch last week.  BlackRock’s spot bitcoin ETF, the iShares …

March 27, 2024

3 Reasons Why Layer 2 Network Base Has More Than Doubled Its Total Value Locked This Year

Base, the Coinbase-incubated layer 2 network, has undergone tremendous growth since the start of the year. Data from blockchain analytics firm Artemis shows that the total value locked (TVL), one popular metric to gauge the activity of a network, currently stands at $1 billion on Base. That represents a nearly …

March 27, 2024

Court Rejects Coinbase’s Bid to Dismiss SEC Charges Against It

The United States District Court for the Southern District of New York has rejected Coinbase’s motion to dismiss the Securities and Exchange Commission’s (SEC) charges against it. This pivotal decision not only escalates the legal confrontation between the cryptocurrency exchange and the regulatory agency but also signals a crucial moment …

March 27, 2024

What Happens To Your Crypto When You Die? Casa Inheritance Has a New Solution

Self-custody provider Casa announced on Wednesday a new product for BTC, ETH, USDT, and USDC that allows investors to give access to their crypto vaults to a designated family member, trustee, or estate executor in the event they pass away. Called Casa Inheritance, the product aims to address a widespread …

DeFi

March 27, 2024

Blast-Based NFT Game Munchables Recovers $62.5 Million Lost in Exploit

Munchables, a non-fungible token (NFT) game built on Ethereum layer 2 network Blast, suffered a multi-million dollar exploit on Tuesday, but it has since recovered the private keys holding $62.5 million in user funds from the Munchables developer it says was responsible.  The team later added on X that “All …

March 25, 2024

Solana Is Ripping. But Are the Economics of the SOL Token Sustainable?

The Solana blockchain has recently experienced a surge in usage, primarily driven by a wave of memecoin activity. This uptick has brought the platform’s high transaction throughput and low fees into the spotlight, attracting significant attention and active users. The last 30 days have been a period of remarkable growth …

March 25, 2024

What Is Hard Pegging in Crypto? A Beginner’s Guide

In the currency markets, pegging refers to the creation of an exchange rate policy between different currencies, where one currency is set at a fixed rate against another to ensure stability. We have a similar concept in the cryptocurrency markets, where a stablecoin’s value is linked to an external asset, …

March 22, 2024

Weekly Recap: SEC Probes Ethereum Foundation, ETH ETFs Unlikely to Be Approved

In this weekly recap, we cover: Ethereum Foundation’s SEC Scrutiny: Following Ethereum’s switch to a proof-of-stake model, the SEC investigates the foundation for potentially aligning closer with security characteristics, intensifying regulatory debates. Bleak Outlook for Spot Ether ETFs: James Seyffart and Eric Balchunas from Bloomberg adjust their predictions, now foreseeing …

Ethereum

March 28, 2024

Ethereum ‘BlobScriptions’ Pushes Blob Fees Up Exponentially

The average gas fee for Blobs rose exponentially on Wednesday, roughly five hours after a new protocol called Etherscriptions introduced a way to inscribe data onto blobs. These Ethereum-based inscriptions, dubbed “BlobScriptions” have sent the blob base fee up to 14,499,530 wei at one point, according to data from Ethernow.xyz …

March 28, 2024

Ethereum ETF Still Possible Even if SEC Deems ETH a Security: BlackRock CEO

BlackRock, the world’s largest asset manager, is off to a strong start with both its spot bitcoin exchange-traded fund (ETF), which has been trading since Jan. 11, and its even newer Ethereum-based tokenized fund, which has seen significant deposits since its launch last week.  BlackRock’s spot bitcoin ETF, the iShares …

March 27, 2024

3 Reasons Why Layer 2 Network Base Has More Than Doubled Its Total Value Locked This Year

Base, the Coinbase-incubated layer 2 network, has undergone tremendous growth since the start of the year. Data from blockchain analytics firm Artemis shows that the total value locked (TVL), one popular metric to gauge the activity of a network, currently stands at $1 billion on Base. That represents a nearly …

March 27, 2024

What Are Sequencers in Layer 2 Protocols Such as Optimism, Arbitrum, and Base?

Rollup networks like Optimism, Arbitrum, and Base have emerged as high throughput alternatives to the Ethereum main chain as part of the effort to scale Ethereum. These layer 2 protocols execute transactions off-chain, with only the resulting state submitted to the Ethereum network. The success of Ethereum rollup networks is reflected …

NFTs

March 18, 2024

Milady Founder Claims Hack After Millions in ETH and NFTs Drained

Krishna Okhandiar, the founder of Remilia and the Milady non-fungible token (NFT) collection, more commonly known by the pseudonym “Charlotte Fang” has claimed that his wallet was drained by hackers after several popular NFTs and assets were transferred out and liquidated over the weekend. Dumpster DAO flagged the suspicious transactions …

March 3, 2024

Marathon’s Slipstream Mines Largest Bitcoin Block on Record

The largest ever bitcoin block, measured by byte size, has been mined — and it consists entirely of a Bitcoin Ordinals inscription.  The block was mined by bitcoin mining firm Marathon Digital’s Slipstream, a direct transaction submission service on bitcoin made possible by the company’s proprietary mining pool MARA, and …

February 26, 2024

Yuga Labs to End Support for NFT Marketplaces That Don’t Respect Royalties

Yuga Labs, the non-fungible token (NFT) heavyweight, announced on Monday afternoon that its collections with a royalty filter will only be available for trading on marketplaces that enforce royalty payments starting Tuesday. “We will be sunsetting our support for marketplaces who don’t support royalties for ALL creators. This means that …

February 23, 2024

Pudgy Penguins Is Getting a Domain Extension Via Unstoppable Domains

Web3 digital identity provider Unstoppable Domains announced Friday morning that crypto denizens and specifically holders of the NFT collection Pudgy Penguins can acquire domains that end in “.pudgy.” According to a press release shared with Unchained, the partnership between Unstoppable Domains and Pudgy Penguins through the introduction of the new …

Regulation

March 28, 2024

FTX Founder Sam Bankman-Fried Sentenced to 25 Years for Historic Fraud

Sam Bankman-Fried, the founder of the now-defunct cryptocurrency exchange FTX, has been sentenced to 25 years in prison, marking an end to one of the largest criminal fraud cases in history. The sentence was handed down by Judge Lewis Kaplan in the Southern District of New York on March 28.  …

March 27, 2024

Where Is Sam Bankman-Fried Likely to Serve His Prison Term?

Disgraced founder and former CEO of bankrupt crypto exchange FTX Sam Bankman-Fried will face sentencing before the Southern District of New York on Thursday for a laundry list of fraud charges. Unchained previously reported on the amount of jail time that SBF is looking at, which experts put at over …

March 27, 2024

What to Expect from Sam Bankman-Fried’s Sentencing – and the Lessons We Should Learn

Thursday, March 28 will mark the effective end of one of the strangest stories of the 21st century: the systematic theft of $8 billion dollars by the son of two Stanford legal scholars, under the cover of techno-optimism and elite charity, but with the real goal of amassing power as …

March 27, 2024

Court Rejects Coinbase’s Bid to Dismiss SEC Charges Against It

The United States District Court for the Southern District of New York has rejected Coinbase’s motion to dismiss the Securities and Exchange Commission’s (SEC) charges against it. This pivotal decision not only escalates the legal confrontation between the cryptocurrency exchange and the regulatory agency but also signals a crucial moment …

Tech

March 28, 2024

What Is Wormhole in Crypto? A Beginner’s Guide

Cross-chain communication protocol Wormhole enables users to transfer assets like fungible tokens and NFTs between blockchains. This article explains what Wormhole is, how it works, and the problems it solves.  What Is Wormhole in Crypto? Wormhole is a cross-chain blockchain protocol that facilitates the seamless transfer of crypto assets and …

March 16, 2024

Solana at 4: Memecoins Help Drive Network to All-Time High in Market Cap Post FTX Collapse

Almost a year-and-a-half ago, Solana was reeling from the collapse of FTX, with its token price plummeting nearly 70% to under $10. But as Solana reaches the fourth anniversary of its first block on March 16, it has ridden a wave of growth — and confidence — with 1.2 million …

March 13, 2024

Ethereum Completes Milestone Dencun Upgrade, Which Should Substantially Reduce Fees

Ethereum has completed a significant upgrade of its blockchain network, which is expected to pave the way for the next generation of crypto users to transact onchain without suffering significant spikes in gas fees. The upgrade, named “Dencun,” was completed early morning Wednesday ET after it was activated on Ethereum’s …

March 12, 2024

Gnosis Chain and ZKSync Have Already Upgraded to Be Compatible With Ethereum’s Upcoming Dencun Hard Fork

Some crypto protocols have upgraded their smart contracts ahead of Ethereum’s anticipated hard fork on March 13 in an effort to be compatible with EIP-4844, a critical element of the upcoming Dencun upgrade. Developers of zkSync performed a protocol upgrade yesterday to make the zero-knowledge-based rollup compatible with EIP-4844, said …



In Case You Missed it

The Chopping Block: Institutional Memecoin Craze, BASE vs. Ethereum, and Legal Clamps on Rogue Exchanges! - Ep. 625

Episode #625 | March 28, 2024

The Chopping Block: Institutional Memecoin Craze, BASE vs. Ethereum, and Legal Clamps on Rogue Exchanges!

The Chopping Block: Navigating the Surge of Institutional Interest in Memecoins, BASE’s Growth Challenge to Ethereum, and the Legal Battles Shutting Down Ratchet Exchanges

The Chopping Block Episode: Memecoin Presales, MakerDAO’s Endgame, and BlackRock's Blockchain Bet! - Ep. 622

Episode #622 | March 21, 2024

The Chopping Block: Memecoin Presales, MakerDAO’s Endgame, and BlackRock’s Blockchain Bet!

The Chopping Block: Decoding the Memecoin Phenomenon, Ethereum’s Upgrades, and BlackRock’s Crypto Appetite!

For Beginners

wormhole crypto

March 28, 2024

What Is Wormhole in Crypto? A Beginner’s Guide

Wormhole is a cross-chain blockchain protocol that facilitates the transfer of assets and data across blockchain ecosystems.

Layer 2 Sequencers

March 27, 2024

What Are Sequencers in Layer 2 Protocols Such as Optimism, Arbitrum, and Base?

Layer 2 sequencers are responsible for organizing transactions on a L2 protocol.

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