Unlike Ulbricht, SBF faces ‘slim’ chance of conviction relief
The Office of the Pardon Attorney is responsible for reviewing and processing petitions for clemency from individuals who have been convicted of federal crimes. However, with a backlog of approximately 10,000 petitions, the chances of receiving clemency are slim for most convicts. This is because the process of obtaining clemency is often complex and time-consuming, and unless an individual has political connections, their petition may not even be considered.
Clemency, which includes pardons, commutations, and reprieves, is a form of mercy granted by the President of the United States. It can provide relief to individuals who have been convicted of federal crimes and are facing harsh sentences or other consequences. However, the process of obtaining clemency is not an easy one. It involves submitting a petition to the Office of the Pardon Attorney, which then conducts a thorough review of the case.
Unfortunately, due to the overwhelming number of petitions, the Office of the Pardon Attorney is facing a backlog of approximately 10,000 cases. This means that many individuals who are seeking clemency may have to wait years for their petition to be reviewed and considered. And even then, the chances of receiving clemency are slim, unless the individual has political connections or a high-profile case.
This backlog not only affects the individuals seeking clemency, but also their families and loved ones who are hoping for a second chance for their loved one. It also puts a strain on the criminal justice system, as many of these individuals may be serving lengthy sentences that could potentially be reduced through clemency.
In order to address this issue, there have been calls for the Office of the Pardon Attorney to be reformed and for the clemency process to be made more accessible and efficient. Until then, however, the backlog of 10,000 petitions remains a major obstacle for those seeking clemency.
MEMX exchange files to list 21Shares XRP ETF
The exchange seeks to list the ETF as a commodities-based trust, according to the filing.
Bitcoin 'death crosses' pile up to spark $92K BTC price support retest
BTC price downside looks increasingly likely as Bitcoin chart analysis prepares for a “shakeout.”
Stop making crypto complex
The world of cryptocurrency has been rapidly expanding, with more and more people jumping on board and investing in various digital currencies. However, despite its growing popularity, there is still a need for a psychological shift in the design of crypto to truly achieve democratization.
Currently, the majority of the crypto market is dominated by a select few individuals and institutions who hold a significant amount of power and influence. This goes against the very essence of decentralization and democratization that cryptocurrency was built upon. In order to truly achieve these ideals, there needs to be a shift in the way crypto is designed and marketed.
One key aspect that needs to be addressed is the user experience. Many people are still intimidated by the complex and technical nature of cryptocurrency, which hinders its mass adoption. The design of crypto platforms and wallets should be more user-friendly and intuitive, making it easier for the average person to understand and use.
Another important factor is education. There is a lack of understanding and knowledge about cryptocurrency among the general public, which makes it difficult for them to fully embrace it. Crypto companies and organizations should focus on educating the public about the benefits and potential of digital currencies, as well as addressing any concerns or misconceptions.
Furthermore, there needs to be a shift in the mindset of those involved in the crypto industry. Instead of solely focusing on profits and market dominance, there should be a greater emphasis on the democratization of wealth and power. This means creating more opportunities for individuals from diverse backgrounds to participate and have a say in the development and direction of the crypto market.
In conclusion, for cryptocurrency to truly achieve democratization, there needs to be a psychological shift in its design and approach. This includes prioritizing user experience, educating the public, and promoting a more inclusive and democratic mindset within the industry. Only then can we truly unlock the full potential of cryptocurrency and make it accessible to everyone.
Wyoming treasury should run on blockchain — Stable Token Commission boss
The executive director of the Wyoming Stable Token Commission, Anthony Apollo, said a “real-time, traceable ecosystem is exponentially better” than the current system.
XRP price ‘cup-and-handle’ hints at 25% gains as exchange outflows return
XRP, the cryptocurrency associated with Ripple, has been making headlines recently with its latest pullback. But this dip in price may actually be a positive sign for investors, as it could potentially lead to a bullish continuation pattern on the price chart.
For those unfamiliar with technical analysis, a bullish continuation pattern is a chart pattern that suggests the price of an asset will continue to rise after a temporary pullback. In this case, XRP’s recent dip in price could be seen as a necessary correction before the cryptocurrency continues its upward trend.
But what does this mean for investors? Well, if this pattern holds true, it could mean that XRP’s price could potentially reach above $3.00 in the near future. This would be a significant increase from its current price of around $1.50.
Of course, nothing is certain in the world of cryptocurrency, and there are always risks involved when investing. However, many experts and analysts are optimistic about XRP’s potential for growth. In fact, some believe that it could even surpass its all-time high of $3.84 in the coming months.
One factor that could contribute to XRP’s potential for growth is its use case. Ripple, the company behind XRP, has been making strides in the world of cross-border payments and has partnered with major financial institutions such as MoneyGram. This could lead to increased adoption and demand for XRP, ultimately driving up its price.
In addition, XRP has been gaining attention from mainstream media and investors, which could also contribute to its upward momentum. With more people becoming aware of the potential of this cryptocurrency, it could see a surge in demand and price.
In conclusion, while XRP’s recent pullback may have caused some concern among investors, it could actually be a positive sign for the future. With a potential bullish continuation pattern on the price chart and a promising use case, XRP could be a cryptocurrency to keep an eye on in the coming months.
Binance co-founder CZ dismisses crypto exchange sale rumors
Binance, one of the world’s leading cryptocurrency exchanges, has been making headlines recently with its rapid growth and success. However, amidst all the speculation and rumors, co-founder and chief customer service officer Yi He has come forward to set the record straight.
In a recent statement, Yi He addressed the ongoing rumors that Binance is up for sale. She firmly stated that Binance is not for sale and is committed to remaining an independent and innovative platform in the ever-evolving world of cryptocurrency.
Yi He also hinted at the possibility of Binance acquiring its competitors, stating that the exchange is open to exploring opportunities for growth and expansion through strategic acquisitions. This news comes as no surprise, as Binance has a history of acquiring smaller exchanges to strengthen its market position and offer a wider range of services to its users.
Binance’s success can be attributed to its customer-centric approach, with Yi He at the forefront of providing top-notch customer service. She emphasized the importance of putting customers first and ensuring their satisfaction, which has undoubtedly contributed to Binance’s loyal user base and rapid growth.
With the cryptocurrency market constantly evolving and new players entering the game, Binance remains committed to staying ahead of the curve and providing its users with the best possible experience. Yi He’s statement serves as a reassurance to Binance’s customers and partners that the exchange is here to stay and will continue to lead the way in the world of cryptocurrency.
In conclusion, Binance’s co-founder and chief customer service officer Yi He has put an end to the rumors and speculation surrounding the exchange’s future. Binance is not for sale and is open to exploring opportunities for growth through strategic acquisitions. With its customer-centric approach and commitment to innovation, Binance is set to maintain its position as a leader in the cryptocurrency market.
Bitcoin leads first major weekly crypto ETP outflows of 2025 at $430M
Last week, Bitcoin exchange-traded products (ETPs) experienced a significant decrease in investments, according to CoinShares’ Chief Investment Strategist James Butterfill. This comes as no surprise, as Bitcoin has been known to be highly sensitive to changes in interest rates.
Bitcoin ETPs, which are investment products that track the price of Bitcoin, saw the largest outflows compared to other cryptocurrencies. This could be due to the recent increase in interest rates, which has caused investors to shift their focus to other assets.
Butterfill explains that Bitcoin’s price is heavily influenced by interest rate expectations. When interest rates rise, investors tend to move their money into assets that offer higher returns, such as stocks or bonds. This can lead to a decrease in demand for Bitcoin, causing its price to drop.
However, this does not mean that Bitcoin is losing its appeal as a valuable investment. In fact, Butterfill believes that the recent outflows from Bitcoin ETPs could be a temporary trend. He points out that Bitcoin’s long-term performance has been impressive, with a 900% increase in value over the past year.
Moreover, Bitcoin’s volatility has decreased significantly in recent months, making it a more stable investment option. This could attract more institutional investors who are looking for a less risky way to enter the cryptocurrency market.
Despite the recent outflows, Bitcoin remains the most popular and valuable cryptocurrency, with a market capitalization of over $1 trillion. It continues to gain mainstream acceptance, with major companies like Tesla and PayPal now accepting it as a form of payment.
In conclusion, while Bitcoin ETPs may have seen a decrease in investments last week, this does not reflect the overall sentiment towards Bitcoin. Its long-term performance and decreasing volatility make it a promising investment option for both retail and institutional investors.