Monthly archives: October 2023

The global central bank umbrella organization has successfully completed a cross-border trading experiment using central bank digital currencies (CBDCs) and decentralized finance (DeFi) technology. The Bank for International Settlements (BIS) worked with the central banks of France, Singapore and Switzerland to test the effectiveness of cross-border trading and settlement of “wholesale” CBDCs (referred to as …

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Sam Bankman-Fried’s legal team is attempting to block certain investors and insiders from testifying at the crypto outcast’s highly publicized fraud trial. According to a letter sent from the former FTX executive’s legal representatives to Judge Lewis Kaplan, certain investors and witnesses should be kept from going on the public record because the motion to …

Continue reading “Sam Bankman-Fried’s Lawyers Push To Block FTX Investors and Insiders From Testifying As Jury Selection Starts”

Bitcoin price gave up its recent gains as concerning signals from the US economy continue to weigh on investor sentiment. Market Analysis Join us on social networks Bitcoin (BTC) price gained 6% from Oct. 1 to Oct. 2 but after failing to break the $28,500 resistance, the price dropped by 4.5% on the same day. …

Continue reading “Bitcoin price drops its early week gains — Here is why”

Virtual spaces, such as the Metaverse and Web3, bring novel concepts for lovers of virtual assets with an increasing presence in our environment. However, as is often the case with all innovations, having an apparent idea of these assets and their main differences can become confusing. An example of this are cryptocurrencies and the famous …

Continue reading “The Key Differences Between NFTs and Cryptocurrencies”

Web3 security company Beosin EagleEye says that there was a drastic increase in illicit crypto activities during the third quarter of 2023. In the July to September quarter, the “total losses from hacks, phishing scams, and rug pulls in Web3 reached $889.26 million” with hacks or major attacks constituting about 60% of the losses, according …

Continue reading “$889,260,000 in Crypto Lost to Hacks, Scams and Rug Pulls in Q3 of 2023, According to Blockchain Security Firm”

October 3, 2023 – Istanbul, Turkey Composable is presenting at Cosmoverse’23 as a keynote speaker and ‘Diamond Sponsor,’ in collaboration with Polkadot and the Web3 Foundation. The Composable team is building the infrastructure and necessary primitives to abstract away the cross-ecosystem user and developer experience. Their efforts align with their ethos of eliminating blockchain borders and siloes, as they …

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According to a New York court, the former Celsius CEO will remain free on $40-million bail through the legal proceedings. News Join us on social networks A New York court has set the criminal trial for former Celsius Network CEO Alex Mashinsky to begin on Sept. 17, 2024. In an Oct. 3 hearing in United …

Continue reading “Alex Mashinsky’s jury trial scheduled for September 2024”

nBTC will be usable across more than 50 app-chains connected to Cosmos IBC. News Join us on social networks Osmosis, the largest decentralized exchange (DEX) on Cosmos, will be bringing Bitcoin (BTC) to the namesake inter-blockchain communications (IBC) protocol together with Nomic and Kujira. According to an October 3 announcement during the Cosmoverse 2023 Conference, …

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Reflection of guilt? SBF faces the man in the mirror. Here’s how the former FTX CEO may have spent his time behind bars since a judge revoked his bail in August. Legal weights on his conscience and now in his makeshift gym. WiFi connection lost, much like his credibility. Jailhouse vegan woes: SBF resorts to …

Continue reading “What has Sam Bankman-Fried been up to in jail?”

Sam Bankman-Fried’s legal team has requested the court block certain witnesses offering testimony on how they thought FTX would protect their assets. News Join us on social networks The criminal trial of former FTX CEO Sam Bankman-Fried (SBF) is currently underway in New York, and his legal team has filed motions aiming to ban testimony …

Continue reading “As trial begins, Sam Bankman-Fried’s lawyers push to exclude testimony from FTX users”