CZ sent to prison, ‘Bitcoin Jesus’ arrested for tax fraud, BTC takes a big hit

This week is shaping up to be one of the most memorable in crypto history, with enormous story after enormous story unfolding. Firstly, we look at why Bitcoin took a sizeable hit in the past 24 hours, losing its $60,000 support and liquidating investors left and right. Then, we’ll look at the ex-Binance CEO, Changpeng “CZ” Zhao, being sentenced to four months in prison, which is markedly shorter than most people expected. Elsewhere, “Bitcoin Jesus” is arrested and hit with an eye-watering tax bill. It’s all happening in crypto, but Cointelegraph has got you covered.Further reading:Bitcoin price loses $60K support to hit 2-month lows‘Pretty ordinary stuff’ — Traders seem unfazed by Bitcoin correction‘No signs’ of Bitcoin miner capitulation despite plummeting revenueEx-Binance CEO Changpeng Zhao sentenced to four months in prisonUS Justice Dept charges Roger Ver with tax fraudCoinbase integrates Lightning Network for Bitcoin transactionsSo, grab yourself a coffee, and let’s get into it!Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn. Cointelegraph’s Twitter: @CointelegraphCointelegraph’s website: cointelegraph.comThe views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned.