Updated 12 Oct, 2024

Written by Vivek

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Former CEO takes to LinkedIn to announce his ‘new position’ as a prisoner

   Ryan Salame was sentenced to seven-and-a-half years in jail (Credits: Bloomberg via Getty Images) A former CEO of a cryptocurrency company this week updated his LinkedIn followers to tell them that he would soon be beginning a stint behind bars. Ryan Salame, former executive of the now bankrupt FTX, was sentenced to seven-and-a-half years in jail for his role in campaign-finance law violations. He is due to begin his prison term imminently and astonishingly took to social media yesterday to let his followers know the news. The former entrepreneur wrote: ‘I’m happy to share that I’m starting a new position as inmate at FCI Cumberland.’ The announcement was accompanied by a graphic showing a cherry landing on top of a cake. Salame’s LinkedIn post has gone viral on social media (Credits: REUTERS) Salame’s astonishing post has gone viral on social media, garnering over 1,000 reactions and comments on LinkedIn. Fareesh Vijayarangam commented: ‘Are you open to working remotely?’ Another added: ‘From LinkedIn to LockedIn.’ ‘Congratulations! I hear the work uniforms are free too so it’s a win-win,’ commented Timothy C. Salame also updated his X bio to: ‘7.5 year prison sentence. Former: Free man, US Republican mega-donor, CEO of FTX Digital Markets.’ The 31-year-old pleaded guilty last September to making tens of millions of dollars’ worth of unlawful campaign donations and also agreed to forfeit $1.5 billion. Prosecutors said Salame, his boss Sam Bankman-Fried and former FTX engineering chief Nishad Singh used FTX customer funds to donate to political candidates supporting crypto-friendly legislation. Salame reportedly gave more than $24 million to Republican candidates. Get in touch with our news team by emailing us at webnews@metro.co.uk. For more stories like this, check our news page.

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Top 10 Cryptocurrencies by Market Cap

by Vivek , 08 Aug, 2024

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Market capitalization, or market cap, is calculated by multiplying the current price of a cryptocurrency by the total number of coins or tokens that are in circulation.
As of August 2024, the top 10 cryptocurrencies by market cap represent a diverse array of digital assets, each with unique features and applications. Bitcoin (BTC) leads the market as the first and most valuable cryptocurrency, often regarded as digital gold. Ethereum (ETH) follows