Global Hive Buzz

FTX Founder Sam Bankman-Fried Convicted on All 7 Charges: Faces 115-Year Prison Sentence

Sam Bankman-Fried, the former CEO of FTX, has been found guilty on all seven charges brought against him. The trial, spanning five weeks, revolved around a multibillion-dollar scheme, described by U.S. Attorney Damian Williams as an attempt to establish Bankman-Fried as "the king of crypto." The charges included wire fraud, securities fraud, commodities fraud conspiracy, and money laundering conspiracy. Bankman-Fried's conviction marks the end of an era for FTX, once a dominant force in the cryptocurrency sphere.

The conviction of Sam Bankman-Fried sends a clear and resounding message to the cryptocurrency industry regarding the importance of accountability and transparency. As the digital asset market continues to evolve, regulators are intensively scrutinizing the conduct of industry participants. The downfall of FTX and the ensuing legal proceedings serve as a cautionary tale, emphasizing the significance of ethical practices and compliance within the crypto realm. While Bankman-Fried's conviction signifies the conclusion of an era, it also underscores the necessity for integrity and responsibility in the ever-changing landscape of cryptocurrencies.

A Game-Changing Transformation for Smartphones After 15 Years

Mode has achieved an astounding 32,382% growth in revenue from 2019 to 2022, a remarkable leap that would have ranked them at #7 on last year's prestigious Inc. 5000 List. This growth potentially signals the dawn of a new era for smartphones. Mode is on a mission to revolutionize the entire industry with its groundbreaking "EarnPhone," a budget-friendly smartphone that has empowered users to earn and save over $150 million for activities such as music listening, gaming, and even device charging!

Early supporters are now enjoying up to an 80% bonus on their stock investments. In the initial weeks of this opportunity, more than 12,000 investors have already acquired shares, leaving only a limited number of shares available in this offer. Act Now to Secure Exclusive Early Equity with an 80% Bonus, Priced at Less Than $0.16 Per Share, for a Limited Time.

Ripple Collaborates with Central Bank of Georgia for CBDC Trial

The National Bank of Georgia (NBG) has selected Ripple as its technology partner to initiate a central bank digital currency (CBDC) project named the Digital Lari, as announced today.

Under this partnership, the NBG and Ripple will collaboratively design and implement the pilot program, utilizing Ripple's CBDC platform.

Ripple's CBDC platform is founded on a private version of the XRP ledger and offers central banks a flexible and scalable solution for creating, managing, and redeeming CBDCs.

The Georgian pilot represents Ripple's sixth CBDC project with various governments, following initiatives in Bhutan, Palau, Montenegro, Colombia, and Hong Kong. The company has also revealed ongoing discussions with more than 20 other countries for potential collaborative efforts.

The Latest with BTC Price Movement

According to Crypto Anup, bitcoin is getting rejected by the strong bearish trendline. On the 15-minute chart, you can see continued breakout failures.

At $34375, there is strong support that might do the trick and give bitcoin the push it needs to move up.

The after-hours market on the weekend is often volatile, so we will have to see where price action settles when the traditional markets open on Monday.

The Essential Altcoin You Should Consider

This Crypto Timing Model has consistently delivered impressive predictions, such as a remarkable 1,135% gain on THORChain. It also identified Cardano when it was trading at just 4 cents, and it went on to achieve a staggering 2,900% return.

These successes aren't isolated instances; they are part of a track record of significant wins. On average, their crypto recommendations have yielded a substantial 328% gain, even when factoring in the occasional setbacks.

Now, this Model is pointing to a single altcoin in the current market that is believed could be the next big thing, akin to Cardano's success.

To discover more about this unique cryptocurrency, click here.

MEME OF THE DAY