The sixth day of SBF’s trial mainly revolved around the continued testimony of the prosecution’s key witness, Alameda Research CEO Caroline Ellison. Much of Ellison’s testimony was about financial documentation and the sister companies’ entangled finances, but the latter half was dedicated to further ground-breaking revelations about SBF’s ambitions and what really happened behind the …
Monthly archives: October 2023
Analyst Says One Ethereum Rival Looks Abysmal, Warns To Watch Out Below if Altcoin Loses Key Level
A closely followed crypto strategist is warning that an Ethereum (ETH) challenger that’s down about 65% this year will likely witness more sell-off events if the altcoin loses its immediate support. Pseudonymous analyst Altcoin Sherpa tells his 196,700 followers on the social media platform X that Fantom (FTM) holders should watch out below if the …
Alameda Research Accused Of Bribing Chinese Officials To Recover $1 Billion In Exchange Accounts
During the trial of Sam Bankman-Fried, the founder of crypto exchange FTX, shocking revelations emerged from the testimony of former Alameda Research CEO Caroline Ellison. According to a TechCrunch report, Ellison testified that the crypto trading firm paid Chinese officials to unlock their Alameda trading accounts on OKX and Huobi in China. Judge Lewis Kaplan …
SSV Network Prices Free Falling After Founder Joins Israeli Army, What’s Next?
Alon Muroch, the founder of SSV Network, has been drafted into the Israeli Army, according to an X post shared on October 10. Following this news, SSV, the native token of the SSV Network, fell 5%, dropping below the $14 mark. At this pace, SSV is moving closer to its all-time low of around $13.40, registered in …
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Will Ethereum Drop Back To $900? Here’s What This Analyst Thinks
Following the Terra LUNA network collapse back in 2022, the price of Ethereum followed the general market downtrend. As a result of this, the ETH price had fallen to a new cycle low of $900, before recovering once more. However, now that the altcoin is still deep in the throes of the bear market, questions …
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Algorand Explorer Powered By ChatGPT launched, Will ALGO Find Reprieve From Aggressive Sellers?
GoPlausible, a team of developers building tools for people to create and use Algorand, has launched AlgorandExplorer. This explorer fuses the capabilities of ChatGPT to ease interaction with the public, proof-of-stake blockchain. Algorand is a smart contract platform similar to Ethereum, allowing users to deploy decentralized applications (dapps). In a Medium post on October 10, the …
Telegram And TON Foundation Collaborate With Alibaba Cloud In Quest For Fastest Blockchain
Telegram’s partner, the Open Network (TON) Foundation, in partnership with Alibaba Cloud, has announced plans to set up 256 servers for a performance testing event scheduled for October 31, 2023. Per the announcement, the objective of this event is to officially establish the TON blockchain as the world’s fastest blockchain to earn accreditation from the Guinness …
Binance Freezes Hamas Accounts After Israeli Request
Binance said it has frozen accounts linked to the Hamas militant group after its surprise attack on Israel on Saturday. The world’s largest crypto exchange […] Go to Source
WOO Network to sever ties with Three Arrows Capital after share buyback
WOO Network said it had agreed to repurchase all the tokens and equity previously held by collapsed hedge fund Three Arrows Capital. News Join us on social networks Crypto exchange WOO Network is set to sever all remaining ties with bankrupt Three Arrows Capital, after reaching a settlement to buy back shares and tokens previously …
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Stars Arena recovers 90% of stolen funds after offering $257K bounty
The exploiter of the Web3 social media platform agreed to keep a 10% bounty in exchange for returning the remainder of the stolen funds. News Join us on social networks Web3 social media platform Stars Arena says it has recovered nearly all of the crypto stolen from an Oct. 7 exploit — minus a 10% …
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Lido Finance discloses 20 slashing events due to validator config issues
The initial impact amounted to 20 Ether, worth $31,000, while the validator involved has now been taken offline. News Join us on social networks Ethereum staking protocol Lido Finance has disclosed its protocol saw 20 slashing events due to a series of infrastructure and signer configuration issues from validators operated by Launchnodes. The incident occurred …
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Binance, Snapchat and capital among things SBF was ‘freaking out about’
Former FTX CEO Sam Bankman-Fried was once “freaking out about” getting regulators to crack down on Binance and raising capital from a Saudi Crown Prince, according to Alameda former CEO Caroline Ellison. News Join us on social networks Weeks and months before the collapse of crypto exchange FTX, former CEO Sam Bankman-Fried was “freaking out” …
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Here’s the Obvious Use Case for Crypto, According to Solana Creator Anatoly Yakovenko
Anatoly Yakovenko, co-founder of smart contract platform Solana (SOL), is naming what he says is an “obvious” use case for crypto and blockchain. In a new interview with Austin Federa, head of strategy at the Solana Foundation, Yakovenko says simple payments are one obvious use case for digital assets that anyone can benefit from. “I’m …
US stocks rise as traders wait for inflation data
All US stock indices rose on October 11, as traders awaited consumer price index data to be released on the 12th. Vintage Finance Join us on social networks October 11, 2023 US stocks rose for the fourth day in a row today, as traders waited for the consumer price index report to be released on …
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US lawmakers urge IRS to implement crypto tax reporting requirements before 2026
The crypto tax reporting requirements proposed by the IRS in August are currently scheduled to go into effect in 2026 — according to 7 senators, that isn’t soon enough. News Join us on social networks Seven members of the United States Senate have called on the Treasury Department and Internal Revenue Service (IRS) to advance …
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