Sam Bankman-Fried, the founder of bankrupt crypto exchange FTX, has sufficient laptop and internet access to prepare for his defence against fraud charges, prosecutors said. […] Go to Source
Monthly archives: September 2023
Billionaire Chamath Palihapitiya Calls BRICS Nations ‘Polar Opposites’, Has Trouble Seeing Members Cooperating
Venture capitalist Chamath Palihapitiya says that he has a hard time seeing BRICS nations working together to achieve anything significant. In a new episode of the All-In Podcast, the business magnate says that even though BRICS is made up of economically aligned nations, there are stark differences among them that make any meaningful collaboration seem …
Visa’s Head of Crypto Says Payments Giant Eyeing CBDCs, Stablecoins and Blockchain Networks
The Visa executive in charge of the payments giant’s crypto department says the company is looking at a future where it has several types of blockchain technology under its scope. Visa just expanded its stablecoin settlement capabilities to the Solana (SOL) blockchain, launching a new cross-border money system using Circle’s USDC. In a new blog …
Venture Capitalists Still Hesitant on Crypto Space After 2022’s Drama: Report
Venture capital firms are reportedly reluctant to deploy their capital into crypto investments due to the numerous collapses and bankruptcies of 2022. Citing data from capital markets research firm Pitchbook, Reuters reports that VC investments in the crypto industry fell to an over three-year low in 2023. During this year’s second quarter, VC investments in …
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US Court Seizes Alex Mashinsky’s Bank Accounts and Texas House: Unsealed Order
New court documents reveal that authorities have seized assets and a house from Alex Mashinksy, the former chief executive of bankrupt crypto lending company Celsius. According to an unsealed court order, several bank accounts and a Texas home belonging to Mashinksy have been seized as the Department of Justice (DOJ) continues its criminal case against …
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Bitcoin short-term holders capitulate as data highlights potential generational buying opportunity
Bitcoin’s current price action leaves much to be desired, but multiple indicators point to what could be a generational buying opportunity for patient investors. Bitcoin (BTC) price action suggests that the asset remains in a precarious position and a recent report from ARK Invest said that short-term Bitcoin investors had no choice but to capitulate …
OpenAI and Microsoft accused of stealing data to train ChatGPT in new class-action suit
The lawsuit alleges that OpenAI’s profits came as a result of using illegally scraped data to train its models. News Join us on social networks OpenAI and Microsoft have been named as the defendants in yet another class-action lawsuit over their alleged use of web scraping techniques to obtain supposedly private data for the use …
Appellate judge denies Sam Bankman-Fried’s request for immediate release from jail
The motion from Sam Bankman-Fried’s lawyers will now go to a three-judge panel, with less than four weeks before the former FTX CEO’s criminal trial is set to begin in New York. Former FTX CEO Sam Bankman-Fried, also known as SBF, lost an initial appeal to return to being free on bail prior to his …
Riot Platforms says Texas energy strategy reduced production costs by $31M
As Texas baked in the sun, Riot Platforms received two types of monetary credit for being attentive to the grid’s power needs. Bitcoin miner Riot Platforms mined fewer Bitcoin in August than July but received over $31 million in power credits. That is the equivalent of around 1,136 Bitcoin (BTC), CEO Jason Les pointed out in …
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Multiple Altcoin ETFs Are Coming, According to $676,000,000,000 Asset Manager Bernstein
A senior analyst at the global asset management fund Bernstein says that multiple altcoin exchange-traded funds (ETFs) are likely to materialize if a spot Bitcoin (BTC) ETF gets approved. Gautam Chhugani, who also works as a managing director of global digital assets at Bernstein, says Grayscale’s legal victory over the U.S. Securities and Exchange Commission …
Bitop Exchange Launches Enhanced Crypto, Stocks, Commodities and Binary Solutions
September 6, 2023 – Toronto, Canada Bitop, the regulated cryptocurrency exchange, has unveiled enhancements to its core products to better meet the needs of retail and institutional clients and position itself as a primary hub for crypto, commodities, binary and stocks trading. The exchange is aiming to attract traders exploring investment options in commodities, stocks, …
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Base’s ‘Onchain Summer’ saw over 700K NFTs minted from 268K users in August
The “Onchain Summer” promotion drove activity to the new network, with hundreds of thousands of users minting NFTs in August. News Join us on social networks Base network’s “Onchain Summer” promotion in August resulted in over 700,000 non-fungible tokens (NFTs) minted by over 268,000 unique wallets, according to a Sept. 6 announcement from the team. …
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US Senate confirms Philip Jefferson as Federal Reserve vice chair
Philip Jefferson, who has been serving as a Fed governor since 2022, will take on the No. 2 role under chair Jerome Powell at the central bank until 2036. News Join us on social networks Federal Reserve governor Philip Jefferson has won confirmation from a majority of members of the United States Senate, placing him …
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Google will allow ads for NFT games starting Sept. 15
The new updates to the cryptocurrency ads policy allow for NFT gaming ads, provided the games and ads don’t promote gambling. News Join us on social networks Google has updated its cryptocurrency advertising policy to allow for blockchain-based nonfungible token (NFT) gaming advertisements as long as they don’t promote gambling or gambling services. According to …
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Alex Mashinsky’s assets frozen by US court as part of criminal case
The former Celsius CEO was arrested on July 13 and faces criminal and civil charges stemming from his involvement in the now-defunct platform. Breaking news Join us on social networks A federal judge has ordered that certain bank accounts and property connected to former Celsius CEO Alex Mashinsky be frozen following a motion from the …
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