Ryan Salame, a former executive at the now-defunct cryptocurrency exchange FTX, has filed a motion to withdraw his guilty plea in federal court. Salame claims that prosecutors breached an agreement that led him to plead guilty by resuming an investigation into his domestic partner, Michelle Bond. Ryan Salame Challenges Guilty Plea, Claims Government Reneged on …
Monthly archives: August 2024
Fed Chair Powell Signals Confidence in Inflation Control, Hints at Rate Cuts
Federal Reserve Chair Jerome Powell expressed confidence in the central bank’s progress in reducing inflation, suggesting that rate cuts may be on the horizon. Speaking at the Jackson Hole economic symposium, Powell emphasized the Fed’s commitment to achieving its 2% inflation target while maintaining a strong labor market. Rate Cuts Possible as Powell Expresses Confidence …
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Solana TVL hits near 1-year high — Will SOL price follow?
The total value locked on Solana surged but is this enough to send SOL price to a new all-time high?
Perplexity AI’s ad integration plan draws shock, mockery: ‘This company is toast’
The company reportedly intends to charge a much higher-than-average premium for ad space in its AI-powered search engine.
Crypto Sector Pours $119,000,000 Into US Elections As the New ‘Dominant Corporate Political Spender’: Nonprofit
Companies from the crypto industry are spending large amounts of money to influence US elections, according to the nonprofit consumer advocacy organization Public Citizen. In a new report, Public Citizen says crypto firms are by far the dominant corporate political spenders this year with backers from the sector giving over $119 million, or 48% of …
Crypto Analyst Says Bitcoin Indicator Is Flashing a Bullish Signal – Here Are His Targets
A widely followed crypto analyst says that the flagship crypto is showing signs of a bull run. Crypto trader Ali Martinez tells his 69,600 followers on the social media platform X that the Bitcoin (BTC) bull-bear market indicator is showing bullish signals. “Since early August, the Bitcoin bull-bear market indicator has been oscillating between bearish …
RFK Jr.’s Campaign Suspension Gives Donald Trump a Lead Over Kamala Harris: Polymarket
New data from the decentralized prediction market Polymarket reveals that Donald Trump is leading Kamala Harris in polls after Robert Kennedy Jr. suspended his presidential campaign. According to the crypto casino, which lets users bet on the outcome of anything, Trump now has a 51% chance to win the 2024 presidential election while Harris – …
Former FTX Executive Ryan Salame Alleges the US Government Broke Its Promises After DOJ Charges His Partner
Former FTX executive Ryan Salame says the US government has walked back its promise not to charge his partner Michelle Bond. Salame is the former co-CEO of FTX Digital Markets, the Bahamian subsidiary of the bankrupt crypto exchange. Last year, the former executive pled guilty to conspiracy to make unlawful political contributions and defraud the …
Crypto advocates file brief against SEC’s investor tracking database
The Consolidated Audit Trail would gather a monumental amount of data, and more than it is meant to when it exposes the identity of crypto wallet holders.
Court denies Kraken’s motion to dismiss SEC lawsuit
The SEC alleges Kraken is operating an unregistered securities exchange.
Coinbase Adds Upcoming Polygon Native Token (POL) to Listing Roadmap Ahead of September’s MATIC Rebrand
Coinbase has added Ethereum (ETH) layer-2 Polygon’s yet-to-be-launched native token to its listing roadmap. Making the announcement via social media platform X, the top US crypto exchange says it has placed Polygon’s POL on its listing roadmap, which the exchange created in 2022 for the purpose of transparency and to prevent front-running of token listings. …
$5,220,000 Guaranteed Income Program Will Hand Cash Directly To Families in Large US County
A new guaranteed income program is preparing to hand millions of dollars to a select group of families in Colorado. Boulder County says it’s launching a direct cash assistance program known as Nurturing Futures to help families with young children. The guaranteed income program, which will be managed by the Boulder County Department of Human …
Bitcoin momentarily hit $62k following Powell’s speech on economic outlook
Quick Take Federal Reserve Chairman Jerome Powell delivered a significant speech at the ongoing Jackson Hole meeting, offering insights into the current economic landscape and the Federal Reserve’s outlook. Powell began by reflecting on the diminishing effects of the COVID-19 pandemic, noting that: “Four and a half years after COVID-19’s arrival, the worst of the …
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Russia to launch crypto exchanges for global trade in Moscow and St Petersburg
Russia is reportedly exploring the establishment of two crypto exchanges to facilitate foreign economic activities, local media outlet Kommersant reported on Aug. 23. The proposed exchanges will be located in Moscow and St. Petersburg, serving as hubs for international trade. Mikhail Uspensky, a member of the State Duma’s legislative committee on crypto regulation, stated that …
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BTC and Ethereum demonstrate distinct hourly trends around US market hours
Quick Take A recent analysis of BTC and Ethereum returns, based on Velo data, reveals distinct hourly patterns in price behavior, particularly around US market hours (data is UTC zone). One key observation is that in early EU hours at 6:00 A.M. UTC, BTC tends to show strong performance, with Ethereum slightly trailing. However, once …
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