U.S. prosecutors recently addressed the concerns raised by Sam Bankman-Fried, the former CEO of FTX, and his legal team in a filing on August 29. Bankman-Fried and his team had previously objected to the government’s decision to provide a substantial amount of discovery materials in the weeks leading up to the trial. In response, the
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A highly-anticipated event in the cryptocurrency world might be just around the corner. Bloomberg Intelligence suggests that the launch of a spot Bitcoin exchange-traded fund (ETF) in the United States could happen right before Labor Day on September 4th. This news has caught the attention of many in the industry, as a Bitcoin ETF has
Circle, the company behind the popular United States dollar stablecoin USD Coin (USDC), is set to launch a native version of the stablecoin on the Base network. This move will replace the current USD Base Coin (USDbC) that users have been using as a substitute. In an announcement made on August 29, CEO Jeremy Allaire
Gone are the days when adventurers would embark on expeditions in search of physical gold mines and treasures. Today, a new gold rush is taking place in the realm of technology, driven by the quest for advanced financial prediction tools powered by artificial intelligence. Among the players in this contemporary rush for riches is yPredict,
Hong Kong’s Financial Secretary, Paul Chan Mo-po, has recently expressed his wholehearted endorsement of blockchain technology. In his blog post, he acknowledges that blockchain represents the next frontier of “breakthrough growth” in the digital technology sector. This forward-looking perspective highlights the potential of Web3, an evolved, decentralized version of the World Wide Web. Identifying Emerging
The Ripple community is currently abuzz with anticipation as the company’s founder and CEO announced plans to host a celebratory party in honor of the cryptocurrency’s triumph against the United States Securities and Exchange Commission (SEC). This declaration by Ripple, a leading global payments network, marks a significant milestone in the cryptocurrency industry, not only
Bitcoin’s price experienced a significant increase of 5% today, reaching a two-week high of over $28,000. This surge in price can be attributed to the recent ruling by United States Court of Appeals Circuit Judge Neomi Rao in favor of Grayscale Bitcoin Trust (GBTC) against the U.S. Securities and Exchange Commission (SEC). Judge Rao’s decision
In a groundbreaking ruling on August 29, 2023, the United States Court of Appeals for the District of Columbia Circuit overturned the Securities and Exchange Commission’s (SEC) order, granting a long-awaited victory to Grayscale Investments LLC in its legal battle over the conversion of its Bitcoin Trust into a spot Bitcoin exchange-traded fund (ETF). Grayscale’s
The Controversial Decision of friend.tech The latest decentralized social media platform in the crypto space, friend.tech, has caused a stir within the community due to its recent announcement regarding penalties for users who choose to participate in forks or copycat versions of its tokenized social media platform. The decision to punish users has been met
The cryptocurrency market has witnessed an influx of approximately 130 million new investors since the end of 2021. With expectations of a crypto bull run looming, experts are advising caution and strategic planning. Ben Simpson, the founder of education platform Collective Shift, describes a bull market as an experience unlike any other, characterized by complete
The recent report by Arkham Intelligence has revealed some startling information about the popular trading platform, Robinhood. According to the report, Robinhood allegedly holds over $3 billion worth of Bitcoin in a single address. This news has sparked curiosity and speculation among cryptocurrency enthusiasts and investors alike. In this article, we will delve deeper into
In a recent development, three prominent U.S. representatives have voiced their concerns over the stablecoin and crypto rules proposed by the Federal Reserve. This objection comes from the Republican party members, namely Patrick McHenry, Chairman of the House Financial Services Committee; French Hill, Chairman of the Committee on Financial Services Subcommittee on Digital Assets; and
Social media platforms have implemented verification features to prevent scammers from impersonating legitimate organizations. However, according to cybersecurity researcher ZachXBT, this well-intentioned feature has inadvertently created a new black market. In the past, verified accounts were easily identified by blue checkmarks. But now, blue checkmarks indicate that the account owner has an X Premium subscription
In a world where digital assets have the potential to become the norm, South Korea’s BC Card is leading the way by applying for two domestic patents to utilize non-fungible tokens (NFTs) in the trading of used luxury goods. While NFTs are commonly associated with art and collectibles, BC Card is expanding their application to
Binance, one of the leading cryptocurrency exchanges, recently dropped a bombshell by announcing the suspension of 39 liquidity mining pools. This decision comes after a comprehensive assessment of the platform’s liquidity mining performance. Although Binance claims that this move aims to concentrate liquidity for users and optimize their trading experience, it has generated significant controversy
Despite the recent hype surrounding decentralized social networks, these platforms are struggling to attract and retain users. According to industry insiders, up to 99% of users who try decentralized social media for the first time end up quitting. This can be attributed to various factors, including clunky onboarding processes and the lack of a familiar
In a recent government vote, Srettha Thavisin, a candidate from the Pheu Thai Party, was elected as Thailand’s 30th Prime Minister. This decision brings a new leader to power who has a history of involvement in the cryptocurrency industry. Thavisin’s previous role as CEO of real estate giant Sansiri led to his company investing in
Cryptocurrencies are constantly evolving, and one coin that has recently gained significant attention is Toncoin (TON). Within the past week, Toncoin has experienced an impressive price surge of over 8%, reigniting interest in the cryptocurrency market. This surge has prompted many to inquire about the potential for sustained growth in the future. At present, Toncoin
Shibarium, the layer 2 blockchain, has recently relaunched after a temporary shutdown, and it has brought about positive changes for the BONE token. The token has experienced a massive price increase of approximately 17% within the last 24 hours following Shibarium’s official relaunch on Thursday, August 24. Not only has the price surged, but the
In recent years, the US Federal Bureau of Investigation (FBI) has uncovered a series of cyber-attacks carried out by the Lazarus Group, a notorious North Korean hacking collective. With each attack, the hackers have drained millions of dollars’ worth of cryptocurrencies. The FBI has now issued a statement, warning cryptocurrency companies about a potential move
The Pepecoin (PEPE) project recently found itself in the midst of a controversy surrounding a massive $16 million withdrawal from its multisig wallet. This withdrawal sent shockwaves through the community, causing a 15% plunge in the price of PEPE amid fears of a potential rug-pull. However, it appears that the circumstances behind this mysterious withdrawal
U.S. prosecutors have recently disclosed a massive amount of discovery documents in the case of former FTX CEO, Sam Bankman-Fried. However, his lawyers have raised concerns regarding the government’s intention to provide access to these materials while Bankman-Fried is detained at the Metropolitan Detention Center in Brooklyn (MDC). One of the primary issues highlighted by
In a recent announcement, Binance, the largest cryptocurrency exchange in the world, declared the termination of its crypto debit cards for customers in the Latin America and Middle East regions starting from September 2023. The decision will render the Binance crypto debit cards unavailable for use in the affected regions, effective from September 21. The
Back in July, Judge Analisa Torres made a significant ruling, declaring that XRP programmatic sales do not qualify as securities. This ruling initially caused a rally in the XRP token price. However, as the excitement surrounding the ruling has worn off and the United States Securities and Exchange Commission (SEC) has begun to fight back,
Judge Martin Glenn has rejected the request to establish a special shareholders class in the Celsius Network bankruptcy case, as stated in a court document filed on August 25th. The motion, put forth by investor Otis Davis on July 25th, sought to create a legal class for investors separate from Celsius Network employees and customers.
The U.S. economy has experienced robust growth in recent years, leading to increasing concerns about inflationary pressures. Federal Reserve Chair Jerome Powell emphasized the need for additional interest rate increases at the Jackson Hole Economic Symposium. This article will explore the uncertainties surrounding the economic outlook and the potential implications of further restrictive monetary policies.
Ancient civilizations relied on oracles to gain insights into the future. Today, the financial sector has its own version of oracles in the form of AI crypto platforms like yPredict. These platforms, powered by sophisticated algorithms and AI models, are reshaping the field of financial predictions. With the proliferation of AI technologies and machine learning,