After Sam Bankman-Fried was sentenced to nearly a quarter-century behind bars for his involvement in financial wrongdoings, Caroline Ellison, Gary Wang, Ryan Salame, and Nishad Singh are up next to face consequences for their roles in the FTX debacle.

Post-conviction by a jury and subsequent sentencing by Judge Lewis Kaplan, FTX’s founder Sam Bankman-Fried is bracing for a prison term nearing 25 years. His former associates are now poised to confront their own sentencing phases. Despite some of them having cooperated with authorities, it doesn’t exempt them from potential incarceration. Ryan Salame, previously co-CEO of FTX Digital Markets, is slated to appear before Kaplan on May 1.

The IMF has urged Ukraine to complete virtual asset legislation by the end of 2024 due to regulatory concerns and economic potential.

The International Monetary Fund (IMF) has urged Ukraine to finalize its update of legislation regarding virtual assets by the end of 2024, according to a Facebook post from Oleksandr Bornyakov, a deputy minister of digital transformation of Ukraine on IT industry development.

This requirement was outlined in the Memorandum of Economic and Financial Policies signed between Ukraine and the IMF, Bornyakov said, adding that the European international financial institution cited concerns about the current lack of regulation in the new sector, which poses risks to price stability and the effectiveness of monetary transmission.

A new rug pull alert sounded on Tuesday after crypto detective ZachXBT unveiled on-chain details of an alleged hack suffered by an NFT project last month. The project’s CTO announced that a response was in the works but ultimately vanished as criticism grew.

On-chain sleuth ZachXBT revealed the alleged misuse of funds by the CTO of NFT project Nuddies NFT.  In a now-deleted post, its CTO Kyle explained that the project was “derugged from its previous founder” and built differently from other NFT projects.

According to the crypto detective, Kyle faked a hack that seemingly stole the project’s funds. On March 3, the alleged culprit posted on the Nuddies NFT Discord server, informing us of the hack.

The post affirmed that Kyle’s Mac was hacked despite “not clicking in any malicious link.” The CTO concluded that a “zombie process” was on his computer for an undetermined period.

Officials seeking court order to compel Michael Patryn to detail how he acquired seized assets, including $250,200 in cash. Provincial officials in Canada are trying to force the surviving co-founder of defunct crypto exchange QuadrigaCX to explain how he came by a cash hoard, 45 gold bars and jewelry including a diamond-studded Rolex.

The Director of Civil Forfeiture in British Columbia on Wednesday sought a court order to compel Michael Patryn to detail how the seized assets — including $250,200 in cash — were acquired.

Robert Kiyosaki, author of the renowned personal finance book “Rich Dad, Poor Dad,” predicts $100,000 Bitcoin by September and views the current economic landscape.

Kiyosaki, known for his insights on wealth-building and investment, announced his plans to purchase 10 more Bitcoin before April, emphasizing the upcoming Bitcoin halving as a significant event for potential investors.

He suggests that those who cannot afford a whole Bitcoin might consider buying a fraction of one through the Bitcoin ETFs or Satoshis, hinting at the possibility of owning an entire Bitcoin by year’s end if the process unfolds as expected.

The token targets a U.S. senator who has frequently criticized the cryptocurrency industry. Meme coin traders are flocking to a derogatory cryptocurrency that attacks Elizabeth Warren, the Massachusetts senator and prominent crypto critic. Meanwhile, cryptocurrency exchange Coinbase is running awkwardly in the other direction.

The trading giant on Wednesday nixed a webpage that for a short while promoted "how to buy Elizabeth Whoren in United States." Links to the auto-generated webpage instead reverted to a more generic hub for buying crypto in general.

"These pages are automatically generated based on tokens that have been created by third parties," a Coinbase spokesperson said in a statement. "They are informational only, do not endorse any asset, and do not indicate that the assets are available for trading on Coinbase."

Bitcoin's bullish trend bolstered by institutional demand and shifting investment patterns. Bitcoin’s price is primed for a surge that could hit record-breaking highs this week, according to a 10X Research report shared with CryptoSlate.

The report outlines key factors driving this bullish momentum. It suggests that Bitcoin will experience a significant upswing if the outflows from Grayscale’s Bitcoin ETF drop below $100 million while substantial inflows continue to BlackRock.

These ETFs, launched in January, have notably influenced Bitcoin’s price, propelled by institutional demand. Markus Thielen, the founder of 10X Research, said this influence contributed to a notable 43% increase, amounting to $18,615, in Bitcoin’s price during February.

2024 has unfolded as a flourishing year for bitcoin’s valuation, as its market capitalization breezed past the $1 trillion milestone, positioning the cryptocurrency as the world’s tenth-largest asset by overall market valuation. This uptick in price has significantly boosted the net worth of Bitcoin’s mysterious creator, Satoshi Nakamoto, elevating the value of the inventor’s holdings by almost $9 billion within the last two months.

It is believed that upon the inception of the Bitcoin network, its founder, Satoshi Nakamoto, also mined the digital currency, amassing between 1 and 1.1 million BTC. The consensus among most estimates suggests that Nakamoto likely gathered around a million coins. Holding a million bitcoins places Nakamoto’s net worth at approximately $51.56 billion. Furthermore, were Nakamoto to be ranked on the Forbes Real-Time Billionaires list, the creator of Bitcoin would stand as the 26th richest individual globally.