Features Crypto News by Thebittimes.Com

Disgraced Binance billionaire Changpeng Zhao (CZ) could be leaving prison two days earlier than expected due to a federal rule that allows for an early exit if a prisoner’s release date falls on the weekend. CZ is scheduled to be released from the RRM Long Beach halfway house in California on September 29 according to his inmate tracker. However, a release rule under the US Code Title 18, Crimes and Criminal Procedure § 3624, states, “If the date for a prisoner’s release falls on a Saturday, a Sunday, or a legal holiday at the place of confinement, the prisoner may be released by the Bureau on the last preceding weekday.” Because it states he “may” be released early, the widely reported Friday release date is not set in stone. Users online also thought he was free when he was moved last month. New CZ lawsuit will ‘put blockchain analytics on trial,’ says lawyer Read more: The rise and fall of Binance’s CZ Zhao pleaded guilty last year for failing to “maintain an effective...

In a surprising interview, billionaire, old-time Bitcoin (BTC) supporter and PayPal co- founder Peter Thiel question ed Bitcoin’s value pro position . Despite holding a “small position ,” Thiel warns of a “volatile, bumpy ride” moving forward, with no expected “dramatic” price increases. The interview was conducted for CNBC during the Aspen Ideas Festival and aired on June 28. In a two-minute clip, Peter Thiel starts question ing whether Bitcoin accomplishes its foundational vision, which is what interested him. Notably, Thiel mentioned the cypherpunk, crypto-anarchist, libertarian, and “anti-centralized government” ideals as a core for Bitcoin’s value proposition. However, he immediately raised the question of whether BTC really works the way it was supposed to. Picks for you ...

Gabby Dizon, the founder and CEO of Yield Guild Games says a renewed focus on free-to-play gaming will help put a booster on Web3 game adoption. Next year’s most successful Web3 games will pivot from play-to-earn (P2E) to instead focus on being completely free-to-play to dr in players, says Yield Guild Games CEO and co-founder Gabby Dizon.  Speaking to Cointelegraph, Dizon said unlike games such as Axie Infinity — which require players to purchase at least three Axie nonfungible tokens (NFTs) to play — the new wave of hyper-successful Web3 games will seek to remove as many of the financial and technical barriers to entry as possible. “There's this big realization that for millions of people to be able to get into a game, they have to be free-to-play first.” “There's an evolution of the business model where the games are free to play, and then at some point along the way while you're playing, then you're able to mint an NFT or start earning tokens, but a lot of new ga...

Turkish crypto exchange Thodex’s found er and his two siblings face over 11,000 years in jail each after being convicted of fraud, money laundering, and running a criminal organization. A Turkish court sentenced Faruk Fatih Ozer — the man behind Thodex, a crypto exchange that went bankrupt in 2021 — to 11,196 years and 10 months in prison for crimes including fraud alongside his two siblings. According to a Sept. 7 report by state-run Turkish news agency Anadolu, the Istanbul court delivered its verdict to Ozer and his two siblings — who received similar sentences — on Sept. 7. The men in question were found guilty of aggravated fraud, leading a criminal organization, and money laundering. Bloomberg describes Ozer as a “high-school dropout” who founded the exchange in 2017, at the height of the crypto craze. Later, he fled to Albania when the platform collapsed. He also reportedly appeared unrepentant during his final hearing. “I am smart enough to manag...