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Don't forget, there's still some time left to follow Alexandria and bring yourself some extra presents back! 🤩🤩🤩
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Quick Glance: DOJ Calls for Binance Founder to Spend Three Years in Prison
- The U.S. Department of Justice stated that Binance's founder, Changpeng "CZ" Zhao, should spend three years in prison for enabling the crypto exchange to violate federal laws on money laundering and sanctions.
- Zhao pleaded guilty to violating the Bank Secrecy Act, with the DOJ recommending a 36-month prison sentence and a $50 million fine.
- Emphasizing the need for a significant punishment, the DOJ highlighted Zhao's financial gains from illegal activities and the importance of deterring others from similar actions.
- The court will decide between incarceration and probation for Zhao, with his defense arguing against his knowledge of specific transactions and advocating for probation due to a lack of risk of repeat offenses.
Quick Glance: Bitcoin 'Halving' Completed, CoinGecko Reports
- Bitcoin, the world's largest cryptocurrency, completed its 'halving' on Friday, a phenomenon that occurs roughly every four years according to CoinGecko.
- Following the 'halving', Bitcoin remained relatively stable, dropping by 0.47% to $63,747.
- The 'halving' was integrated into Bitcoin's code at its inception to reduce the rate of new Bitcoins being created.
- Experts are divided on whether the upcoming 'halving' will boost Bitcoin's price, with some viewing it as already factored in, while others remain skeptical.
Quick Glance: Billionaires Profiting from AI 2024
- The AI gold rush has led to a plethora of new billionaires in the sector, as surging values for both public and private companies with ties to AI have skyrocketed.
- Over the past year, tech companies, both new and old, have seen massive share price increases, making the world's tech tycoons even richer and introducing over a dozen new AI billionaires into the Forbes World's Billionaires list.
- Nvidia cofounder and CEO Jensen Huang serves as the poster child for this boom. However, other companies like Super Micro Computer, Advanced Micro Devices, and Cloudflare also benefited from the trend. Privately owned AI companies have also gained momentum, with AI-centric startups alone raising nearly $50 billion in funding last year.
- Major tech giants like Microsoft, Amazon, and Alphabet have significantly contributed to financing private AI companies to compete in the AI race. However, it remains to be seen if and when the AI bubble will burst and funding could dry up.
Quick Glance: Player Falls Short of $1.13 Billion Powerball Jackpot - Huge Wins in Washington
- A ticket in Washington secured $1 million, but narrowly missed the $1.13 billion jackpot, officials confirmed.
- Although the tickets matched five numbers, the Powerball eluded the player in the April 3 draw, shared by Washington’s Lottery.
- As per the national Powerball site, the grand prize, escalating to an estimated $1.23 billion, remained unclaimed for the upcoming draw on April 6.
- The winning combination comprised the numbers 11, 38, 41, 62, and 65, with the Powerball being 15. Washington also boasted over 49,000 other winning tickets ranging from $4 to $50,000.
Quick Glance: Crypto-Critic Warns of Impending Bitcoin Crash
- Peter Schiff predicts massive crash in Bitcoin price
- Schiff regrets not investing in Bitcoin
- Warning issued to Bitcoin hodlers about further decline
- Analysts view Bitcoin price supported by breakeven point