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While on house arrest at his parents’ multi-million home in Palo Alto for nine months, he had limited access to a flip phone without internet connection and a laptop with restricted functionality. His $250 million bail was revoked in August due to suspected witness tampering.
Unable to open credit lines, start a business, or transact anything more than $1,000 (except for legal fees), Bankman-Fried missed out on significant gains in the crypto market. Bitcoin, up about 160% since his arrival in New York, and the total crypto market cap, which has grown by nearly $900 billion, have seen substantial increases.
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This week, Trust Wallet’s token (TWT), which is ranked 89th in the crypto world, shot up by 22%! That’s way more than most of the digital currency market. Just a week ago, it was trading at $0.773, but as of now, it’s at $0.946. And in the last 24 hours alone, it’s climbed by over 5%. Interestingly, while TWT saw this impressive rise, the entire crypto market’s value barely moved, increasing by less than 0.5%, based on what we saw on CoinGecko. The price jump seems to have been influenced by Trust Wallet’s latest update to their browser extension, which now allows for Ethereum Virtual Machine (EVM) swaps. Also, they’ve hinted at another surprise that they’ll be revealing soon, but they’ve kept us in the dark about what it is. A bit about Trust Wallet: It’s a wallet that supports multiple chains and lets users have full control
Read more on Trust Wallet Token’s Unexpected Rise
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The landscape of Bitcoin may be, on the verge of a transformation. An individual who previously held a position at BlackRock representing the asset management company globally has indicated that there is a possibility of approving Bitcoin based Exchange Traded Funds (ETFs) in the United States. This development is not a victory for Bitcoin; it could signify a crucial turning point in how the market perceives this digital currency. The approval of ETFs would carry implications. It would provide investors, known for their substantial financial resources with a secure and familiar avenue to invest in Bitcoin. Many experts speculate that these prominent players could bring about a $17.7 trillion investment. Such a substantial influx of funds might further elevate the value and importance of Bitcoin within the realm of
Read more on Big Bucks & Bitcoin: How an ETF Could Shift the Game
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Barcelona. Catalunya. 11/09/2023. Foto de Pepín.