Gary Wang, co-founder and former chief technology officer of crypto exchange FTX, was sentenced to time served with no additional jail time after providing extensive cooperation to U.S. prosecutors in one of the largest financial fraud cases in history, as reported by Inner City Press. Inner City Press shared live updates from the court via The post FTX co-founder Gary Wang sentenced to ‘time served’ as FTX criminal cases end appeared first on CryptoSlate.

Polymarket, the leading platform for prediction markets, exhibited groundbreaking activity across its markets over recent months. With the US presidential election, major sporting events, and significant crypto milestones as central topics, the data illustrates significant user drop-off after the election. However, volume and activity mostly remain in an upward trend even without the landmark market. The post Polymarket survives post-election drop-off though volume falls 60% appeared first on CryptoSlate.

Jason Lowery, a major in the U.S. Space Force, has submitted an application to serve as a military advisor on the National Security Council (NSC) and the White House Office of Science & Technology Policy (OSTP). Lowery announced his application via Twitter, expressing his intent to guide senior defense leaders on PoW’s implications for national The post Softwar author Jason Lowery looks to White House role advising on Bitcoin national security appeared first on CryptoSlate.

Bitdeer Technologies reported a net loss of $50.1 million for the third quarter of 2024, with total revenue declining to $62 million from $87.3 million in the same period last year. The company’s unaudited financial results, released on Nov. 18, attribute the decrease primarily to the impact of the April 2024 Bitcoin halving, increased global The post Bitdeer reports $50 million loss due to Bitcoin halving, increased R&D costs appeared first on CryptoSlate.

Gary Gensler, chair of the U.S. Securities and Exchange Commission (SEC), delivered a detailed address on Nov. 14 at the PLI Annual Institute on Securities Regulation. His remarks highlighted the SEC’s approach to crypto regulation while repeatedly identifying the difference the SEC sees between altcoins and Bitcoin. The language used by Gensler also hinted at The post Gary Gensler claims SEC helped crypto, takes credit for Bitcoin ETFs, dismisses altcoins and hints at resignation appeared first on CryptoSlate.