It’s official: Former Binance CEO must stay in US until sentencing

Former Binance CEO Changpeng Zhao will remain in the US until his sentencing date, a judge ruled Thursday.

Judge Richard Jones sided with the government’s motion to prevent Zhao from returning to the United Arab Emirates — where he resides with his partner and children. Originally, Magistrate Judge Brian Tsuchida leaned towards letting Zhao return to the UAE until his sentencing hearing. 

However, Judge Jones put a temporary hold on the decision until the government could file its motion. The government, in its filing, argued that while they don’t believe that Zhao needs to be detained while he awaits sentencing, the US does not have an extradition treaty with the UAE. 

“The…

Read more on Blockworks

BRC-20 tokens are presenting new opportunities for Bitcoin

As the first blockchain and cryptocurrency, Bitcoin (BTC) paved the way for everything that’s come since: nonfungible tokens (NFTs), smart contracts, tokenization, layer-2 solutions, and all the rest. Due to Bitcoin’s value to the cryptosphere, forming the bedrock that supports the rest of the market, its protocol is rarely altered. With hundreds of billions of dollars and global trust in the decentralized network at stake, it doesn’t make sense to meddle.f

While the ossification of Bitcoin’s codebase has brought stability and reliability, it’s made Bitcoin a little… well, boring. Where once the Bitcoin ecosystem formed a hub of innovation and a hive of activity, that momentum…

Read more on Cointelegraph

Is crypto market past ‘point of no return?’

Bitcoin and the broader crypto market have been gleefully declared dead more than a few times during bear markets, but some experts say it would take a genuinely extreme set of events for it to truly die.

According to 99Bitcoins — a website that, among other things, tracks how many times Bitcoin (BTC) has been declared dead by mainstream media outlets — the largest crypto by market cap has died 474 times since 2010.

Often, the proclamation is met with cheering by crypto skeptics as evidence that BTC is not a viable asset, but it might not be so simple to kill off crypto — at least according to some experts in the space.

A year ago #Bitcoin hit $69,000. One of the main reason for the…

Read more on Cointelegraph

Preston Pysh: How To Actually Get Free Speech

Like most things, it’s hard to talk about the solution if we don’t properly define the problem first. So, let’s start there. Last week, Elon Musk and Andrew Ross Sorkin conducted an hour-long interview full of awkward and strange moments. For people not familiar with the battle for free speech taking place. Please take a moment to watch this curated clip to see what I’m talking about.

https://primal.net/e/note1zllssevk93a894tjx9v2e0kfj3m4f28vnr26qjvr3sg5rllnxkaq57h4nw

What in the world is this all about? Well, as you’ll see, it’s about control, legacy string-pullers trying to maintain order, and ultimately it’s about a desire to control your free speech.

The Problem

The current…

Read more on BitcoinMagazine

Google’s Gemini and OpenAI’s ChatGPT go head-to-head in Cointelegraph test

Earlier this week, Google launched its latest artificial intelligence (AI) model, Gemini, which it claimed to be the most advanced model currently available on the market, more so than the popular model developed by OpenAI GPT-4. 

This bold claim was treated like a challenge by community sleuths across the internet, who swiftly moved to examine the methods and benchmarks used by Google to assert supposed Gemini’s superiority, and poke fun at the company’s marketing of the product.

David Gull, CEO of AI-powered wellness startup Vital, told Cointelegraph that each model, be it GPT-4, LLaMa, or now Gemini, has its own set of strengths and challenges.

“When navigating the AI startup… Read more on Cointelegraph

Meanwhile Group | Bitcoin Private Credit Fund

Meanwhile Group, the parent company of the first and only life insurance company entirely denominated in a digital asset, has unveiled its first-of-its-kind bitcoin private credit fund, Meanwhile BTC Private Credit Fund LP. The fund aims to provide institutional investors with exposure to BTC’s growth while offering a conservative BTC-denominated yield.

Meanwhile Group’s $20 million seed funding was led by CEO of ChatGPT Sam Altman, Lachy Groom, and Gradient Ventures (Google).

The fund targets a conservative BTC-denominated yield of 5% during its closed fund’s term.

Meanwhile Advisors carefully selects creditworthy institutional counterparties to ensure the safety and…

Read more on bitcoinnews

NFT trading volume nears $1B as markets turn bullish: Report

As crypto markets turn bullish, nonfungible token (NFT) trading has started to join the wave, with a volume nearing $1 billion in November, according to data published by the decentralized app tracking platform DappRadar. 

The report highlighted that the NFT industry maintained an upward momentum for the second month in a row. Trading volume surged by 125% in November, suggesting a shift in user behavior compared to earlier downturns in NFT trading.

NFT trading volume and sales count data. Source: DappRadar

On Nov. 6, analytics firm Nansen reported that NFT sales volumes showed continued weekly increases in October. NFT sales consistently went up, from $56 million in the week ending on…

Read more on Cointelegraph

NEW: India’s Largest E-Commerce Platform, Flipkart, Embraces Web3 with Polygon’s Layer 2

India’s e-commerce titan, Flipkart is teaming up with Polygon Labs to enhance its FireDrops loyalty program using Web3 technology. Already popular with over 3 million users, predominantly women, this move aims to build an Ethereum-based Layer 2 network for better growth and engagement. The program, known for rewarding users with NFTs, is set to transform online shopping experiences. This initiative parallels Polygon’s collaboration with Starbucks, showcasing a trend in integrating Web3 and NFTs into customer loyalty strategies, revolutionizing e-commerce and brand interaction.

Jamie Dimon Bitcoin Sentiments | “I Would Close It Down”

Jamie Dimon Bitcoin sentiments stays unchanged, as he stands firm against Bitcoin and digital assets. His repeated criticism of digital assets, as the CEO of JPMorgan Chase, sparks debates, highlighting the tension between his views and the bank’s involvement in blockchain innovation.

Being a vocal critic, he reiterated his opposition to Bitcoin and digital assets during a Senate Banking Committee hearing on Wednesday. This latest Jamie Dimon Bitcoin sentiment has been making rounds in social media, as he suggests that if given the power, he would “close down” the entire digital asset industry.

Jamie Dimon spoke at the senate banking committee

He stated:

“If…

Read more on bitcoinnews

Max Keiser | God Candle

Max Keiser, a prominent Bitcoin supporter and advisor to El Salvador President Nayib Bukele, has made bold predictions about a Bitcoin “god candle” that could push the price up by $100,000.

In the ever-evolving world of Bitcoin, few are so firm in their belief in the digital money as is Max Keiser.

Keiser’s Record-Breaking Bitcoin Gains

Since acquiring Bitcoin in 2011, Keiser has witnessed an unimaginable rise in its value. According to his recent statements, he boasts a staggering 20,000,000% profit on his BTC stash, stating:

“I’m up 20,000,000% since 2011 with my Bitcoin”.

Amid discussions comparing Bitcoin gains to other assets like gold,…

Read more on bitcoinnews