Features Crypto News by Thebittimes.Com

According to a new report from $10 trillion asset manager BlackRock, crypto has “outpaced growth for mobile phones and the internet.” Indeed, BlackRock says that the cryptocurrency industry has amassed 300 million users, reaching the milestone quicker than mobile phones and the World Wide Web. https://twitter.com/watcherguru/status/1878877187061010727?s=46 According to NPR, The first cellular mobile phone was used in 1973 and achieved 300 million users in 21 years. The internet, meanwhile, was born on January 1, 1983, and reached 300M users in approximately 15 years, according to data from the University System of Georgia. However, based on the initial price of Bitcoin set in 2009 upon launch, the crypto industry has racked up 300M users worldwide in just 12 years. BlackRock cites several key contributors to the industry’s rapid growth compared to mobile phones and the internet: Demographic patterns: younger generations are more likely to be considered “digital n...

FTX founder Sam Bankman-Fried’s legal team argued that the Department of Justice (DoJ) is embellishing their client’s access to defense documents. In a letter released on Sept. 8, the defense insisted that their client’s access to necessary legal material via laptops is limited. Meanwhile, prosecutors maintain that they have resolved the laptop issues with cooperation from the defense.  The bone of contention is the alleged inadequate conditions at the Metropolitan Detention Center (MDC), which the defense posits are hindering their client from adequately preparing for his forthcoming trial in October. Judge Lewis Kaplan was drawn into the matter last week, requesting both parties present him with briefs detailing the conditions at the detention center. However, both parties seem to read from different scripts with conflicting accounts. You might also like: FTX looks to claw back millions paid to Shaq, other celebrity endorsers The DoJ says Bankman-Fried has daily ac...