Bitcoin price forecast remained largely unchanged during today’s Asian session as it remained above the important support level of $16,550. The market awaits a critical signal to break before entering a bull market as the favorable signal is set. The market continues to panic holding BTC and other cryptocurrencies under pressure.
Elimination tournament Cancelled
Former CEO of FTX, Sam Bankman-Fried, plans to appear in court in the Bahamas on Monday to withdraw his objection to extradition to the United States, where he faces fraud charges. While riding the cryptocurrency bubble to make FTX one of the largest exchanges in the world, Bankman-Fried received an estimated fortune of over $20 billion.
- A 30-year-old cryptocurrency tycoon was indicted in federal court in Manhattan on Tuesday for allegedly stealing billions of dollars from FTX clients and using the money to pay bills, cover personal expenses and invest in his crypto hedge fund. , Alameda. Search LLC.
- If he agrees to oust, he could face charges of wire fraud, money laundering, and misuse of advertising funds in US courts.
Bankman-Fried must enter a plea and a judge will decide on bail at her first court appearance in Manhattan, Margulis-Ohnuma said. The hearing should take place within 48 hours of Bankman-Fried’s arrival in the United States, the lawyer said, adding that it should be done quickly.
The fall of Sam Bankman Fried and his rival, Changpeng Zhao, the founder of cryptocurrency exchange Binance, has come under inquiry.
On Friday, concerns were raised when auditing firm Mazars Group suspended work for Binance and other cryptocurrency firms.
