The former billionaire paid four “macks” for a haircut before his trial while staying at the Brooklyn Metropolitan Detention Center. News Join us on social networks The crypto trading days of former FTX CEO Sam Bankman-Fried are over, and the recently convicted founder has found a new thing to trade while in jail — fish. …
Continue reading “It sounds fishy, but SBF really IS trading mackerel in prison: Report”
Decentralized finance (DeFi) platform KyberSwap has been hacked to the tune of tens of millions of dollars worth of virtual currencies, causing its native asset to dip. Data from blockchain tracker Lookonchain reveals that $46.5 million worth of digital assets were stolen from KyberSwap, including $20.78 million worth of Wrapped Ethereum (wETH), $9.53 million worth …
Our weekly roundup of news from East Asia curates the industry’s most important developments. HTX exchange hacked… again In the fourth hack affecting the HTX (formerly Huobi Global) ecosystem in just two months, the exchange lost $13.6 million via a hot wallet hack that occurred on Nov. 22. In its Nov. 23 announcement, the exchange …
Continue reading “HTX hacked again for $30M, 100K Koreans test CBDC, Binance 2.0: Asia Express”
Despite regulatory action against Binance, a surge in Ethereum network activity and the expectation of a spot ETF approval fueled a price move above $2,000. Market Analysis Join us on social networks Ether (ETH) price is trading slightly higher on Nov. 23, maintaining support above the $2,000 level after briefly retesting $1,930 on Nov. 21. …
Continue reading “Ethereum (ETH) price reclaims $2K as data shows a surge in network activity”
The Wall Street Journal published an update on the prison living conditions of Sam Bankman-Fried, FTX’s co-founder and ex-CEO, on Nov. 23. The newspaper said that Bankman-Fried has been placed in a dormitory with Juan Orlando Hernández, a former Honduran president who is awaiting trial over acceptance of bribes from drug traffickers. Both appear to …
Hollywood blockbusters routinely depict rogue AIs turning against humanity. However, the real-world narrative about the risks artificial intelligence poses is far less sensational but significantly more important. The fear of an all-knowing AI breaking the unbreakable and declaring war on humanity makes for great cinema, but it obscures the tangible risks much closer to home. …
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on …
Continue reading “Binance turmoil leads to record futures activity – analyzing the impact”
The U.S. Department of Justice (US DOJ) has filed a motion to prevent former Binance CEO and founder Changpeng ‘CZ’ Zhao from leaving the continental United States before sentencing. The move comes after Binance and CZ pleaded guilty to charges of Bank Secrecy Act violations on Nov. 21 and agreed to pay $4.3 billion to …
Continue reading “US DOJ files motion to block CZ’s return to UAE over flight risk concerns”
The CEO of the largest US-based crypto exchange, Brian Armstrong, says that Binance CEO Changpeng Zhao (CZ) and his company’s admission of guilt on federal charges is a significant development for the digital asset industry. On Tuesday, Binance agreed to pay over $4 billion in a settlement after pleading guilty to engaging in money laundering, …
A closely followed analyst says that the dog-themed meme asset Dogecoin (DOGE) is setting up the stage for a massive surge to the upside. In a new strategy session, crypto trader Ali Martinez tells his 33,200 followers on the social media platform X that the Shiba Inu (SHIB) rival’s surge of transactions exceeding $100,000 during …
The new Binance chief executive maintains that the embattled exchange’s business fundamentals remain “very strong” despite recent regulatory headwinds. Richard Teng, who previously worked as Binance’s head of regional markets, was promoted to the CEO position earlier this week after the company’s previous chief executive, Changpeng Zhao, resigned. Zhao stepped down after agreeing to plead …
New documents reveal that the prosecutors have filed documents seeking to ban former Binance CEO Changpeng Zhao from leaving the US. In a new court filing, the government argues that Zhao, a citizen of two other nations, poses a “substantial risk of flight” after pleading guilty to failing to keep adequate anti-money laundering protocols for …
The former Binance CEO speculated that X’s bot detection algorithm “needs some work” after the platform implied he “potentially violated the X Rules” by changing his profile name. News Join us on social networks Social media platform X (formerly Twitter) restricted the account of former Binance CEO Changpeng “CZ” Zhao without explanation other than suggesting …
Continue reading “X restricts Changpeng Zhao’s account after name change removes ‘Binance’”
XRP has entered a strong correction cycle after testing a multiyear resistance trendline. Is the bull market on pause for now? Altcoin Watch Join us on social networks XRP price has dropped 18.5% from its local high of $0.67 on Nov. 23, and it appears the cryptocurrency will suffer more selloffs in the coming weeks. XRP …
Regardless of what changes Javier Milei brings to Argentina’s monetary system, stablecoins are likely to have an unshakable place in the economy, Sebastián Serrano said. News Join us on social networks President-elect of Argentina Javier Milei ran on a promise of economic change. The shape of the transformation will only become known after his inauguration …
