FTX CEO Refutes Claims of Zero Harm by Sam Bankman-Fried: Court Filing
CoinGape (RSS)
In the aftermath of FTX’s catastrophic collapse, current CEO John J. Ray III has emerged as a central figure in the legal saga surrounding the platform’s downfall. Responding to assertions made by former leader Sam Bankman-Fried regarding the extent of harm caused by FTX’s collapse, Ray launched a scathing rebuttal that reverberated through legal circles and the cryptocurrency community alike.
In a meticulously crafted court filing, Ray vehemently rebuked Bankman-Fried’s claim that there was “zero” harm to customers as a result of the collapse. Describing Bankman-Fried’s argument as “reckless” and “false,” Ray sought to underscore the profound impact experienced...
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CoinGape (RSS)
In the aftermath of FTX’s catastrophic collapse, current CEO John J. Ray III has emerged as a central figure in the legal saga surrounding the platform’s downfall. Responding to assertions made by former leader Sam Bankman-Fried regarding the extent of harm caused by FTX’s collapse, Ray launched a scathing rebuttal that reverberated through legal circles and the cryptocurrency community alike.
In a meticulously crafted court filing, Ray vehemently rebuked Bankman-Fried’s claim that there was “zero” harm to customers as a result of the collapse. Describing Bankman-Fried’s argument as “reckless” and “false,” Ray sought to underscore the profound impact experienced...
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UN Probes North Korea For Draining $3B In Crypto Hacks
CoinGape (RSS)
The United Nations (UN) has recently revealed a report regarding North Korea’s involvement in cyberattacks targeting crypto assets. Notably, the report has sparked global concern over the safety of digital investments.
Meanwhile, the UN Security Council’s latest report unveils alarming statistics, indicating that North Korea derives a substantial portion of its foreign currency income from cybercriminal activities, with an estimated $3 billion drained through crypto hacks. This revelation underscores the urgent need for enhanced cybersecurity measures in the digital asset space.
UN Report Exposes North Korea’s Crypto Hack Tactics
The UN Security Council’s panel of experts, in their recent report, disclosed North Korea’s extensive reliance on cyberattacks as a significant source of foreign currency income. According to a report by the media outlet ...
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CoinGape (RSS)
The United Nations (UN) has recently revealed a report regarding North Korea’s involvement in cyberattacks targeting crypto assets. Notably, the report has sparked global concern over the safety of digital investments.
Meanwhile, the UN Security Council’s latest report unveils alarming statistics, indicating that North Korea derives a substantial portion of its foreign currency income from cybercriminal activities, with an estimated $3 billion drained through crypto hacks. This revelation underscores the urgent need for enhanced cybersecurity measures in the digital asset space.
UN Report Exposes North Korea’s Crypto Hack Tactics
The UN Security Council’s panel of experts, in their recent report, disclosed North Korea’s extensive reliance on cyberattacks as a significant source of foreign currency income. According to a report by the media outlet ...
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Ex-CFTC Commissioner Calls SEC’s Approach On Ethereum “Illegal”
CoinGape (RSS)
Former Commodity Futures Trading Commission (CFTC) commissioner Brian Quintenz has criticized the Securities and Exchange Commission (SEC)’s stance on Ethereum (ETH). He labeled the SEC’s approach toward ETH as as “illegal” and raised concerns over potential regulatory confusion.
Ex-CFTC Commissioner Provides Clarity On Ethereum Classification
In a thread on X, Quintenz’s critique spotlighted the SEC’s approval of Ethereum futures ETFs on regulated security exchanges in October 2023. In addition, he emphasized that the SEC’s decision implicitly acknowledged Ethereum’s status as a non-security and outside its jurisdiction. He stated, “When the SEC allowed ETH Futures ETFs to trade on its regulated security exchanges, it explicitly acknowledged the status of the underlying, ETH, as being a non-security and outs...
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CoinGape (RSS)
Former Commodity Futures Trading Commission (CFTC) commissioner Brian Quintenz has criticized the Securities and Exchange Commission (SEC)’s stance on Ethereum (ETH). He labeled the SEC’s approach toward ETH as as “illegal” and raised concerns over potential regulatory confusion.
Ex-CFTC Commissioner Provides Clarity On Ethereum Classification
In a thread on X, Quintenz’s critique spotlighted the SEC’s approval of Ethereum futures ETFs on regulated security exchanges in October 2023. In addition, he emphasized that the SEC’s decision implicitly acknowledged Ethereum’s status as a non-security and outside its jurisdiction. He stated, “When the SEC allowed ETH Futures ETFs to trade on its regulated security exchanges, it explicitly acknowledged the status of the underlying, ETH, as being a non-security and outs...
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BTC price gains 12% post-FOMC while Bitcoin ignores $260M ETF outflows
Cointelegraph.com News (RSS)
Bitcoin wastes no time in liquidating shorts as a BTC price rebound follows the latest Federal Reserve economic policy meeting.
Cointelegraph.com News (RSS)
Bitcoin wastes no time in liquidating shorts as a BTC price rebound follows the latest Federal Reserve economic policy meeting.
Want to Track the Speculative Frenzy in Bitcoin Market, Here’s How
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
Speculative frenzy characterised by irrational exuberance and greed is an infamous sign of an impending market top.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
Speculative frenzy characterised by irrational exuberance and greed is an infamous sign of an impending market top.
Aussie corporate regulator to build 'outcome-based' crypto policies
Cointelegraph.com News (RSS)
ASIC Commissioner Alan Kirkland highlighted the need to solve the “regulatory trilemma” when it comes to financial innovations — consumer protection, market integrity, and encouraging financial innovation.
Cointelegraph.com News (RSS)
ASIC Commissioner Alan Kirkland highlighted the need to solve the “regulatory trilemma” when it comes to financial innovations — consumer protection, market integrity, and encouraging financial innovation.
Huge Developments; Blackrock launches BUILD on Ethereum Network
Cryptopolitan (RSS)
BlackRock has made significant strides today by introducing BUILD, its first tokenized fund on a public blockchain(Ethereum Network). The BlackRock USD Institutional Digital Liquidity Fund, also known as BUILD or the “Fund”, allows investors to earn interest in USD, through Securituze Markets LLC.
Securitize Markets LLC spearheads the tokenization of real-world assets. It provides an opportunity for investors to enjoy real-world tokenized digital assets through futuristic blockchain technology projects.
Through BlackRock‘s mission to uplift people to a position of financial stability, the firm is focused on building and collaborating with projects that align with its goals. BlackRock’s head of Digital Assets, Robert Mitchnick said that their focus is to solve real-world problems for their clients within the digital assets space. As a result, it is nec...
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Cryptopolitan (RSS)
BlackRock has made significant strides today by introducing BUILD, its first tokenized fund on a public blockchain(Ethereum Network). The BlackRock USD Institutional Digital Liquidity Fund, also known as BUILD or the “Fund”, allows investors to earn interest in USD, through Securituze Markets LLC.
Securitize Markets LLC spearheads the tokenization of real-world assets. It provides an opportunity for investors to enjoy real-world tokenized digital assets through futuristic blockchain technology projects.
Through BlackRock‘s mission to uplift people to a position of financial stability, the firm is focused on building and collaborating with projects that align with its goals. BlackRock’s head of Digital Assets, Robert Mitchnick said that their focus is to solve real-world problems for their clients within the digital assets space. As a result, it is nec...
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Artificial Intelligence: A Double-Edged Sword in Climate Crisis
Cryptopolitan (RSS)
The rapid advancement of artificial intelligence (AI) technology has ushered in a surge in global demand, paralleled by an escalating need for electricity. As AI integrates into various industries and everyday technologies, concerns regarding its environmental toll intensify. The processing power required for AI tasks, known as “AI compute,” has been growing exponentially, potentially straining power infrastructure. Mining raw materials for AI hardware exacerbates environmental degradation, a sentiment echoed by Shaolei Ren, associate professor at the University of California, Riverside. Moreover, the computing demands of AI systems contribute significantly to carbon emissions, casting a shadow over the technology’s environmental footprint. The proliferation of AI may impede progress toward renewable energy as utility companies grapple with surging power demands.
AI’s role in climate misinformation
AI...
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Cryptopolitan (RSS)
The rapid advancement of artificial intelligence (AI) technology has ushered in a surge in global demand, paralleled by an escalating need for electricity. As AI integrates into various industries and everyday technologies, concerns regarding its environmental toll intensify. The processing power required for AI tasks, known as “AI compute,” has been growing exponentially, potentially straining power infrastructure. Mining raw materials for AI hardware exacerbates environmental degradation, a sentiment echoed by Shaolei Ren, associate professor at the University of California, Riverside. Moreover, the computing demands of AI systems contribute significantly to carbon emissions, casting a shadow over the technology’s environmental footprint. The proliferation of AI may impede progress toward renewable energy as utility companies grapple with surging power demands.
AI’s role in climate misinformation
AI...
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Ethereum Price is Up 12%; Why is ETH Price Rising Today?
CoinGape (RSS)
After painting the performance chart red all week to match Bitcoin price downward trend, Ethereum has returned. After dropping below $3,350, the Ethereum price has experienced a bounce back from the $3,050 area, with a rise of 12%. Exciting advancements are happening for Ethereum (ETH) investors in this scenario. What enabled the bulls to cause a price rebound in Ethereum. Let’s investigate further to discover more.
Ethereum Price Market Performance
As of today, the price of ETH stands at $3,518.73, showing a 12.04% rise over the past 24 hours. The trading volume in the last 24 hours dropped by 6% to reach a total of $32.8 billion. In spite of this, the second largest digital currency on CoinMarketCap shows a growth of 11.54% to $420.98 billion. This indicates that there is a powerful demand for buying pushing the...
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CoinGape (RSS)
After painting the performance chart red all week to match Bitcoin price downward trend, Ethereum has returned. After dropping below $3,350, the Ethereum price has experienced a bounce back from the $3,050 area, with a rise of 12%. Exciting advancements are happening for Ethereum (ETH) investors in this scenario. What enabled the bulls to cause a price rebound in Ethereum. Let’s investigate further to discover more.
Ethereum Price Market Performance
As of today, the price of ETH stands at $3,518.73, showing a 12.04% rise over the past 24 hours. The trading volume in the last 24 hours dropped by 6% to reach a total of $32.8 billion. In spite of this, the second largest digital currency on CoinMarketCap shows a growth of 11.54% to $420.98 billion. This indicates that there is a powerful demand for buying pushing the...
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Bitcoin Price Bounce Back With Fed Meeting: Will Crypto Market Recover?
CoinGape (RSS)
After falling to as low as $61K yesterday, Bitcoin price has finally made a recovery after the Fed’s meeting. Bitcoin’s recent bearish nature was due to this Fed meeting pressure because of its impact on the crypto market. These meetings are to discuss current interest rates and implement new policies.
Bitcoin Price Analysis
The Bitcoin price is currently $67,070 after a 9% hike from yesterday’s conditions, marking a decent comeback. Compared to previous weeks’ data, it is still in the dip of almost 8%. Bitcoin has set a new all-time high record of $73,750.07 and was forecasted to move forward to the 80K mark. Instead, the Bitcoin price dropped from $67,626 to $61,164 within a day.
A random bearish trend struck the crypto...
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CoinGape (RSS)
After falling to as low as $61K yesterday, Bitcoin price has finally made a recovery after the Fed’s meeting. Bitcoin’s recent bearish nature was due to this Fed meeting pressure because of its impact on the crypto market. These meetings are to discuss current interest rates and implement new policies.
Bitcoin Price Analysis
The Bitcoin price is currently $67,070 after a 9% hike from yesterday’s conditions, marking a decent comeback. Compared to previous weeks’ data, it is still in the dip of almost 8%. Bitcoin has set a new all-time high record of $73,750.07 and was forecasted to move forward to the 80K mark. Instead, the Bitcoin price dropped from $67,626 to $61,164 within a day.
A random bearish trend struck the crypto...
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XRP Lawyer Reacts As Coinbase Announces Dogecoin (DOGE) Futures Listing
CoinGape (RSS)
As Coinbase unveils its plans to introduce futures trading for Dogecoin (DOGE), Litecoin (LTC), and Bitcoin Cash (BCH), XRP lawyer Bill Morgan voices disappointment over the lack of support for Ripple’s native cryptocurrency, XRP. Notably, the move has sparked discussions within the crypto community, with questions raised about Coinbase’s choice to prioritize Dogecoin over XRP.
XRP Lawyer Shows Dismay With Coinbase’s DOGE Listing Decision
Coinbase has recently filed with the CFTC to list Dogecoin (DOGE), and other crypto futures on its platform. Notably, the decision of the crypto exchange to prioritize Dogecoin futures listing has stirred controversy, particularly among X...
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CoinGape (RSS)
As Coinbase unveils its plans to introduce futures trading for Dogecoin (DOGE), Litecoin (LTC), and Bitcoin Cash (BCH), XRP lawyer Bill Morgan voices disappointment over the lack of support for Ripple’s native cryptocurrency, XRP. Notably, the move has sparked discussions within the crypto community, with questions raised about Coinbase’s choice to prioritize Dogecoin over XRP.
XRP Lawyer Shows Dismay With Coinbase’s DOGE Listing Decision
Coinbase has recently filed with the CFTC to list Dogecoin (DOGE), and other crypto futures on its platform. Notably, the decision of the crypto exchange to prioritize Dogecoin futures listing has stirred controversy, particularly among X...
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Bitcoin: $31 Mln Liquidation Lurks If BTC Price Hits $68.5K
CoinGape (RSS)
In what is expected to be a bearish turn for Bitcoin, the world’s first-ever digital currency, a leading crypto market analyst recently spotlighted a significant liquidation ahead for the token as its price regains upward momentum within the broader crypto market. Following recent corrections witnessed by BTC, this statement shared by the analyst promptly gained substantial traction as today’s pump pushed the token nearing the $67.5K mark.
Should Bitcoin reach $68,500, a $31 million liquidation remains poised to encounter its price trajectory. This painted a tint of bearish sentiments on the world’s first-ever digital currency, hinting that a correction may be witnessed again following BTC’s recent surge. Meanwhile, the token prominently traded in the green as of press time.
Bitcoin’s Surge Augments Vulnerability
Following the recent scaling of a new ATH, Bitcoin witnessed quite a drop due to market correction...
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CoinGape (RSS)
In what is expected to be a bearish turn for Bitcoin, the world’s first-ever digital currency, a leading crypto market analyst recently spotlighted a significant liquidation ahead for the token as its price regains upward momentum within the broader crypto market. Following recent corrections witnessed by BTC, this statement shared by the analyst promptly gained substantial traction as today’s pump pushed the token nearing the $67.5K mark.
Should Bitcoin reach $68,500, a $31 million liquidation remains poised to encounter its price trajectory. This painted a tint of bearish sentiments on the world’s first-ever digital currency, hinting that a correction may be witnessed again following BTC’s recent surge. Meanwhile, the token prominently traded in the green as of press time.
Bitcoin’s Surge Augments Vulnerability
Following the recent scaling of a new ATH, Bitcoin witnessed quite a drop due to market correction...
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Ripple Vs SEC Update: Judge Torres Considers Extending XRP Lawsuit Fair Enough
CoinGape (RSS)
Ripple Labs and the U.S. Securities and Exchange Commission (SEC) filed in federal court to keep Ripple’s remedies-related discovery documents, such as detailed financial statements and post-complaint XRP institutional sales, sealed from public access. A federal judge granted an order for the revised schedule and redaction in the remedies-related briefing.
Judge Torres Grants Order on Sealing Remedies-Related Briefing
According to a court filing dated March 20, Judge Analisa Torres granted order on a joint motion by Ripple Labs and the SEC governing sealing issues related to the upcoming remedies-related briefing. Torres considered the extension of XRP lawsuit as per new dates fair enough to resolve disputes between the parties.
Defendants and plaintiff’s attorneys believe the proposal will ens...
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CoinGape (RSS)
Ripple Labs and the U.S. Securities and Exchange Commission (SEC) filed in federal court to keep Ripple’s remedies-related discovery documents, such as detailed financial statements and post-complaint XRP institutional sales, sealed from public access. A federal judge granted an order for the revised schedule and redaction in the remedies-related briefing.
Judge Torres Grants Order on Sealing Remedies-Related Briefing
According to a court filing dated March 20, Judge Analisa Torres granted order on a joint motion by Ripple Labs and the SEC governing sealing issues related to the upcoming remedies-related briefing. Torres considered the extension of XRP lawsuit as per new dates fair enough to resolve disputes between the parties.
Defendants and plaintiff’s attorneys believe the proposal will ens...
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Dogecoin Climbs 18% on DOGE Futures Hopes, Bitcoin Nears $68K
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
Crypto markets dumped, then jumped, as regulatory headwinds and macroeconomic decisions played their hand in a rollercoaster 24 hours.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
Crypto markets dumped, then jumped, as regulatory headwinds and macroeconomic decisions played their hand in a rollercoaster 24 hours.
Why is the crypto market up today?
Cointelegraph.com News (RSS)
The crypto market is up today as institutional inflows, total open interest, and Bitcoin market cap all target new highs.
Cointelegraph.com News (RSS)
The crypto market is up today as institutional inflows, total open interest, and Bitcoin market cap all target new highs.
OKX terminates services in India, asks users to withdraw funds by April 30
Cointelegraph.com News (RSS)
OKX was among the nine foreign crypto exchanges blocked in India after the FIU issued a non-compliance notice.
Cointelegraph.com News (RSS)
OKX was among the nine foreign crypto exchanges blocked in India after the FIU issued a non-compliance notice.
zkPass Joins BNB Chain Airdrop Alliance, Commits to Rewarding Network Contributors
Cryptopolitan (RSS)
New York, United States, March 21st, 2024, Chainwire
zkPass, announced its participation in the BNB Chain Airdrop Alliance Program. This strategic collaboration underlines a profound commitment to the community, emphasizing the vital importance of rewarding user engagement and loyalty.
Through this initiative, a total of 4 million zkPass tokens are poised for distribution to both new and longstanding users, showcasing a steadfast dedication to nurturing growth and engagement within the ecosystem. A considerable share of these tokens will be reserved for retroactive users, in a move to honor those who have been instrumental in the network’s journey towards success.
The allocation for retroactive users is intricately ...
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Cryptopolitan (RSS)
New York, United States, March 21st, 2024, Chainwire
zkPass, announced its participation in the BNB Chain Airdrop Alliance Program. This strategic collaboration underlines a profound commitment to the community, emphasizing the vital importance of rewarding user engagement and loyalty.
Through this initiative, a total of 4 million zkPass tokens are poised for distribution to both new and longstanding users, showcasing a steadfast dedication to nurturing growth and engagement within the ecosystem. A considerable share of these tokens will be reserved for retroactive users, in a move to honor those who have been instrumental in the network’s journey towards success.
The allocation for retroactive users is intricately ...
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