The trial against FTX co-founder Sam Bankman-Fried has taken an intriguing turn with the testimony of Zac Prince, the CEO of defunct crypto lender BlockFi. His appearance in a Manhattan federal courtroom has provided valuable insights into the intricate relationship between BlockFi, FTX, and Alameda Research. This new information, revealed in a Bloomberg report, sheds
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On Thursday, October 12th, 2023, the ByBit exchange launched Wall Street Memes ($WSM) perpetual futures trading, resulting in a significant price increase. The latest sensation in the world of meme coins experienced a surge of up to 19% on the ByBit $WSM/USDT perps market, driven by a growing number of traders. After a period of
In a significant turn of events, the U.S. Securities and Exchange Commission (SEC) has chosen not to appeal a recent court ruling that deemed its rejection of Grayscale Investments’ proposed Bitcoin exchange-traded fund (ETF) as unjust. The decision by the District of Columbia Court of Appeals in Washington, which took place in August, overturned the
A trader on Aave, a decentralized liquidity protocol, has recently started selling wrapped Bitcoin (WBTC) in order to repay their outstanding debt. This trader borrowed around $8 million worth of stablecoins on Aave v2 and deposited various assets including WBTC, Maker (MKR), and Ethereum (ETH) worth approximately $11 million. However, their health factor, a metric
Launchpad XYZ, an AI trading startup in the cryptocurrency sphere, is making waves with its ongoing presale. With a focus on comprehensive platform development set to be launched in 2023, the company has already managed to raise an impressive $1.88 million. The participation of crypto whales in this presale has sparked curiosity and raised questions
The U.S. Internal Revenue Service (IRS) recently proposed a rule that aims to establish clear tax payment procedures and precise definitions for cryptocurrency brokers and their clients. While the IRS’s intention is to increase transparency in the cryptocurrency industry and generate more tax revenue, Coinbase, the largest cryptocurrency exchange, strongly disagrees with this proposal. In
Crypto investment firm Paradigm has recently taken a stand to support Binance in its bid to dismiss the U.S. Securities and Exchange Commission (SEC) lawsuit. Paradigm’s interest in the case lies in preserving the development of crypto technology within the United States and protecting other markets from unnecessary regulatory interference. An amicus brief, such as
The FTX trial has taken an unexpected turn as Caroline Ellison, co-founder of FTX-linked hedge fund Alameda Research, reveals shocking details of alleged bribery involving Sam Bankman-Fried, the disgraced founder of FTX. Ellison testified on October 11 that Bankman-Fried paid $150 million in bribes to Chinese government officials in 2021, a significantly higher amount than
As Bitcoin gears up for its upcoming halving event, projected to take place after April 2024, the crypto community is buzzing with excitement. One platform that has particularly captured the attention of blockchain analysts is yPredict, an innovative AI trading platform currently in the latter stages of its crypto presale. This surge of interest in
In the fast-paced world of cryptocurrencies, Fox Business producer Eleanor Terrett has risen to prominence as a notable figure. However, with her growing recognition comes a downside: an increasing number of social media impersonators attempting to deceive her followers. Terrett finds herself constantly reminding her audience that she does not have a private profile and