Former FTX exec Ryan Salame sentenced to 7.5 years, above government ask 

A federal judge sentenced former FTX executive Ryan Salame to 7.5 years in prison in Manhattan Tuesday, according to a report from Bloomberg. 

The ruling falls just above the government’s request of five to seven years in prison. Salame’s team earlier this month asked Judge Lewis Kaplan, who presided over FTX founder Sam Bankman-Fried’s criminal trial last fall, for 18 months in prison. 

Salame in September pleaded guilty to two counts of campaign finance violations and operating an unlicensed money-transmitting business. By acting as a “straw donor,” the government says, Salame helped “pump more than $100 million dollars in illegal contributions through the US political…

Read more on Blockworks

LATEST: Bitcoin ETPs to Start Trading on London Stock Exchange Today

WisdomTree, which is a global financial innovator, has today seen the listing of WisdomTree Physical Bitcoin BTCW and WisdomTree Physical Ethereum ETPs on the London Stock Exchange. With an annual management fee of solely 0.35%, the ETPs offer one of the lowest fee levels in the institutional-grade Bitcoin and Ethereum ETPs that are fully backed by the underlying assets.

According to Alexis Marinof, head of Europe at WisdomTree, listing such crypto ETPs is a natural step to continue supporting UK investors across European markets, talking of increased interest in the asset class by European investors, partly because of a new fee environment and partly because of the launch of US spot bitcoin ETFs. It is about to be a game changer for the UK, with professional investors now able to access more conveniently and jurisdictionally regulated crypto ETPs.

WisdomTree is managing $775 million across its suite of cryptocurrencies in 2024 and has now gathered $127 million in net inflows, making it the leading European issuer of crypto ETPs. The ETP gives investors a secure and cost-efficient way to gain exposure to the second-most-famous cryptocurrency and access staking rewards without additional lock-ups.

Source

Bitcoin Yearly Candles

Bitcoin’s journey over the years is nothing short of remarkable, as illustrated by its yearly candles chart. The graphic shows Bitcoin’s price evolution from its humble beginnings, where it was valued at just $8 in 2011, to its impressive peak of $68,000 in recent years.

This visual representation highlights Bitcoin’s volatile yet upward trajectory, marking significant milestones along the way. Early adopters who bought Bitcoin in its initial years have seen substantial returns on their investment. The chart reflects periods of rapid growth, as well as corrections, which are natural in the volatile cryptocurrency market.

Whether you’re an early adopter or a more recent investor, the chart serves as a testament to Bitcoin’s enduring appeal and potential as a revolutionary digital asset.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

Join CryptoCrunchApp on Telegram Channels – Click to Join

Publicly traded medtech buys $40M bitcoin in nod to MicroStrategy

Semler Scientific, a medical technology company, announced that it bought 581 bitcoin for roughly $40 million. 

The company also adopted bitcoin as its primary treasury reserve asset. 

Semler is listed on Nasdaq under the ticker SMLR. The stock took off after the announcement, soaring over $25 at time of publication. 

“Our bitcoin treasury strategy and purchase of bitcoin underscore our belief that bitcoin is a reliable store of value and a compelling investment,” said Eric Semler, Semler Scientific’s Chairman, in a press release. 

The company, he added, believes that bitcoin can act as an inflation hedge and safe haven against global instability. 

Read more: Q&A: Lemon CFO…

Read more on Blockworks

VINCENT D’ONOFRIO & LAURENCE FULLER DISCUSS “NO FEAR, NO GREED, NO ENVY” AND INSCRIBING ART ON BITCOIN

In this interview, renowned actors and artists Vincent D’Onofrio and Laurence Fuller give an insight into the creative process behind their artwork ‘No Fear, No Greed, No Envy’. It is the latest work of the collaborative initiative Graphite Method and represents a fusion of film history, digital art and poetic expression immortalized as a Bitcoin Inscription. What is special about the artwork is that the frame of the triptych and the word poem change daily at 19:19 UTC.

https://ordinals.com/inscription/97180c1a34fd5dbbdf3afcc5fc3708af63d0bb486fe224bdb7f0e2d4bb51efd7i0

STEVEN REISS: ‘No Fear, No Greed, No Envy’ is your fascinating new project. Can you share with us the inspiration…

Read more on BitcoinMagazine