Bankman-Fried Faces Aggressive Government Crackdown, Crypto Market Heating Up
• Bankman-Fried’s $250M bond is deemed a ‚joke‘ by securities lawyer.
• US government is cracking down on the crypto industry with a flurry of actions.
• OpenSea has gone zero-fee and Bitcoin, Ethereum, Ripple and Litecoin saw drops in their last sessions.
Bankman-Fried’s Bond Deemed a ‚Joke‘
Securities lawyer James Murphy, founder of Ludlow Street Advisors, declared Sam Bankman-Fried’s bail terms to be „ludicrous“. He said that no real money was used for the $250 million bond, only the promise of it should Bankman-Fried flee the country.
US Government Cracks Down On Crypto Industry
Cryptocurrency entrepreneurs had hoped that 2023 would provide a new beginning after a tumultuous year. However, they have been faced with an aggressive government crackdown instead, with many companies being targeted by the SEC.
OpenSea Goes Zero-Fee
The leading non-fungible token marketplace OpenSea stated it will be temporarily eliminating its marketplace fee in order to compete with popular no-fee marketplace Blur.
Bitcoin Drops 0.4% In Last Session
The Bitcoin fell 0.4% against the Dollar in the last trading session . The RSI gave a positive signal with support at 24242.3333 and resistance at 25048.3333 . The RSI is currently in positive territory .