86% of Bitcoin Holders in Profit Despite Market Downturn

• A recent report from Coinglass shows that majority of Bitcoin’s history has been profitable, with 86% of days where ‘holding Bitcoin has been profitable relative to today’s price.’
• Despite this, only 61% of Bitcoin holders are currently in profit as the cryptocurrency is down over 60% from its all-time high.
• Nate Chastain was sentenced to three months for insider trading at OpenSea and Binance allegedly maintains ties with blacklisted Russian banks despite Western sanctions.

Bitcoin Profitable on Majority of Days

A recent report from Coinglass shows that majority of Bitcoin’s history has been profitable, with 86% of days where ‘holding Bitcoin has been profitable relative to today’s price.’ This indicates a healthy network despite the fact that only 61% of Bitcoin holders are currently in profit as the cryptocurrency is down over 60% from its all-time high. Of the total days since 2010, there have only been 677 days in which you could have bought Bitcoin and currently be at a loss.

Nate Chastain Sentenced to Three Months

Nate Chastain was recently sentenced to three months for insider trading at OpenSea. This follows his role as a whistleblower who publicly severed ties with Worldcoin, saying it ‘deserves whatever will come next.‘

Binance Allegedly Connected With Blacklisted Banks

Despite Western sanctions against Russia, Binance allegedly maintains ties with blacklisted Russian banks. According to The Wall Street Journal (WSJ), this could put investors at risk due to potential money laundering activities facilitated by these banks or other illegal activities by parties connected with them.

Sam Bankman-Fried Allowed Supervised Internet Access

Sam Bankman-Fried was recently allowed supervised internet access by a federal judge in order to meet with lawyers for one-time internet access but still remains under house arrest awaiting trial on charges related to his involvement in an alleged pump-and-dump scheme involving digital tokens issued by Longfin Corp.

Federal Judge Rules AI Art Cannot Be Copyrighted

In related news, a federal judge ruled that art generated purely by AI cannot be copyrighted due to existing laws not being able take into account such advancements in technology.