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Bitcoin Price Prediction as BTC Challenges $36,000 Resistance

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The trial of Avraham Eisenberg, the individual accused of exploiting Mango Markets, has been delayed per request by his lawyers.

Initially scheduled for December 4, 2023, the trial has been rescheduled to April 8, 2024, according to court documents. 

Eisenberg’s legal team requested the postponement after their client was unexpectedly transferred from a New Jersey prison to the Metropolitan Detention Center (MDC) in Brooklyn, where Sam Bankman-Fried has been held since his bail was revoked in August.

Eisenberg’s lawyers argued that they require additional time to prepare a defense due to the complex legal and factual issues surrounding the case, as well as the extensive volume of discovery provided by the government.

Prosecutors opposed the motion, contending that Eisenberg committed the alleged offenses alone, on a single day, through a specific set of financial transactions.

They further argued that the defense has had ample time to prepare for the trial.
As reported, the charges against Eisenberg were brought by the Department of Justice, the Securities and Exchange Commission (SEC), and the Commodity Futures Trading Commission (CFTC) in connection with his alleged $116 million exploit of Mango Markets.

Eisenberg previously claimed that his actions were part of a highly profitable trading strategy and believed that they were legal and within the framework of the protocol, even if the consequences were not fully anticipated by the development team.

If convicted of wire fraud, Eisenberg could face a maximum sentence of up to 20 years in prison.

Bankman-Fried Faces Decades in Prison
In another high-profile crypto-related case, Sam Bankman-Fried, the convicted founder of FTX, faces the prospect of spending decades in a federal prison.

Last week, a jury found Bankman-Fried guilty of all criminal counts against him after the crypto boss’s monthlong trial wrapped up on Thursday.

The FTX founder, convicted of seven counts of fraud, conspiracy, and money laundering, faces a maximum sentence of 115 years in prison.

Meanwhile, Caroline Ellison, CEO of Alameda Research, Gary Wang, co-founder of FTX, and Nishad Singh, FTX engineering chief, are likely to receive little to no prison time for their cooperation, according to legal experts.

All three admitted to participating in fraudulent activities under Bankman-Fried’s direction, involving the transfer of billions of dollars in FTX customer funds to Alameda, a hedge fund mostly owned by Bankman-Fried.

However, they may still face other consequences. The government could demand the return of ill-gotten gains and order restitution payments to victims.

Given the government’s claim that FTX customers suffered losses in the billions, the financial burden on the three witnesses could be substantial.

Trial of Alleged Mango Markets Exploiter Avraham Eisenberg Postponed

Bitcoin Price Prediction as Weekend Trading Volume Pushes Past $10 Billion

Over the weekend, Bitcoin‘s trading volume surpassed $10 billion, reflecting its robust activity in the market. The cryptocurrency experienced a modest gain of nearly 1.50% on Sunday, with its price reaching $35,228.

The rise in Bitcoin’s value accompanies positive endorsements from industry leaders. Fidelity’s director praised Bitcoin as a modern equivalent of gold with exponential growth potential, while personal finance author Robert Kiyosaki highlighted Bitcoin’s promise for sustained financial security.

These optimistic views come at a time when gold demand from central banks has seen a dip, amid global tensions, casting Bitcoin as a preferable option for investors looking for both stability and potential returns. As the market continues to shift, investors and traders are closely monitoring key Bitcoin price levels.

been shocking in 2022, with June standing apart as an especially extreme day, with significant tokens shedding over 10%. Bitcoin (BTC) broke underneath its $20,000 support level in June, and by early July had lost over 55% year to date. Ether (ETH) is down over 70% in 2022, and a lot more coins and tokens have fared more awful. More than $2 trillion in esteem has been cleared under the table since crypto's market cap pinnacle of almost $3 trillion in November 2021. There have been bankruptcy issues at some crypto trades and mutual funds, specifically Three Arrows Capital, and FTX CEO Sam Bankman-Fried cautioned of more slaughter not too far off not long after rescuing BlockFi and Voyager Digital with $750 million in credit lines. Regardless of the critical admonitions, the bailout itself shows confidence in the business. Assuming you're bullish on crypto, here are the 10 best-performing - or least-awful performing - digital forms of money of 2022 up until this point. The rundown was restricted to cryptos with market covers more than $300 million and prohibits cash fixed stablecoins. Year-to-date execution was determined in light of market costs at end-of-day Juli.

STEPN (GMT): +394%
Chain (XCN): +82%
Unus Sed Leo (LEO): +57.8%
Pax Gold (PAXG): - 1.1%
Tron (TRX): - 17.5%
FTX Token (FTT): - 41.5%
ApeCoin (APE): - 43%
Huobi Token (HT): - 46.7%
Zilliqa (ZIL): - 51.1%
Monero (XMR): - 56.2%
Monero (XMR)
The tenth best, or tenth least-most terrible, performing cryptographic money on this rundown is a private, unknown and decentralized cash. However many think that Bitcoin is totally private, public locations and a record that is available to the public imply that is not stringently evident. At the point when XMR coins are traded, covertness addresses are made and just utilized once, which is thought of "untraceable," yet in addition acquires it the questionable standing as the leaned toward cash of ransomware gatherings and white patriots. Toward the beginning of June, Monero declared "tail outflows," which gives a never-ending least installment to diggers of 0.6 XMR - roughly $72 - for each block they make in the blockchain network. The prize won't hypothetically ever go beneath this level and plans to guarantee a super durable pay to diggers beyond exchange expenses.

Best performing cryptocurrency in 2023

How to Invest in Cryptocurrencies 2023
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