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bob wrote a new post
1 year ago
Former FTX CEO Accused of Directing Fraud by Ex-Alameda Research Chief
Former Alameda Research CEO Caroline Ellison has accused former FTX CEO Sam Bankman-Fried of instructing her to commit fraud. According to court transcripts from Bankman-Fried’s trial, Ellison claims that A…
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1 year agoRussian Energy Giant Gazprom Faces Declining Market Share and Reliance on China
Russian President Vladimir Putin’s attempt to use Gazprom as a geopolitical tool against the European Union (EU) has backfired. After threatening to cut off gas supply to Europe, Putin is now scrambling to find n…
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1 year agoReal Estate-Backed Stablecoin USDR Loses Peg to USD, Plunges to $0.51
Real USD (USDR), a stablecoin backed by real estate and cryptocurrency, experienced a significant drop in value, falling to $0.51 from its 1:1 peg to the US dollar. The depegging occurred due to a surge in…
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1 year agoHamas Turns Away from Bitcoin as Law Enforcement Tracks Crypto Donations
Following the recent events in Israel, there have been reports in mainstream media about the alleged connection between Bitcoin and crypto donations to Hamas, a terrorist group. It is claimed that Hamas has raised…
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1 year agoGenesis Suspends Customer Withdrawals and Settles $175 Million Lawsuit with FTX
Cryptocurrency company Genesis has suspended customer withdrawals in its lending unit, adding to the challenges faced by the digital currency industry. This comes after the company filed for bankruptcy earlier this…
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1 year agoReal-estate-backed stablecoin USDR suffers major depegging crisis, resulting in investor losses
During a recent crisis involving the real-estate-backed stablecoin Real USD (USDR), a trader suffered a significant loss after swapping 131,350 USDR for 0 USD Coin (USDC). The swap took place on the BNB Chain…
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1 year agoCoinMarketCap Launches ChatGPT Plugin for Real-Time Crypto Data Analysis
CoinMarketCap, a crypto data aggregator owned by Binance, has launched a new ChatGPT plugin. This plugin allows users to access real-time data directly from CoinMarketCap. By signing in to their ChatGPT Plus…
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1 year agoSam Bankman-Fried's Trial Unveils Alleged Bitcoin Price Manipulation and Financial Irregularities at FTX
In the ongoing trial of Sam Bankman-Fried, the creator of FTX, shocking revelations have emerged from the testimony of Caroline Ellison, his former partner and ex-head of Alameda Research. Ellison’s testimony has u…
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1 year agoBitcoin Spark (BTCS) Revolutionizes Crypto Standards with Decentralized Validation and Rental Services
Bitcoin Spark (BTCS), Avalanche (AVAX), Stellar (XLM), and Monero (XMR) are revolutionizing the cryptocurrency industry with their innovative approaches. Bitcoin Spark, a new Bitcoin fork, aims to overcome the…
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1 year agoBinance Rebrands Content Aggregator as Binance Square, Introduces Monetization Tools
Binance, one of the leading cryptocurrency exchanges, has rebranded its content aggregator platform, Binance Feed, as Binance Square. This new platform aims to provide a Twitter-like experience for users and…
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1 year agoFTX Exchange Accused of Manipulating Bitcoin Price, Hindering Bull Market Surge
Bitcoin’s failure to reach $100,000 during the 2021 bull market may have been due to market manipulation by defunct exchange FTX, according to analysis. Testimony in the trial of former FTX CEO Sam Bankman-Fried r…
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1 year agoMastercard Completes Trial of Wrapping Central Bank Digital Currencies on Different Blockchains
Mastercard has successfully completed a trial involving central bank digital currencies (CBDCs) on different blockchains, similar to wrapped Bitcoin and wrapped Ether. The trial was conducted with the Reserve Bank…
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1 year agoAlameda Research Faces $190 Million Losses Due to Preventable Scams, Whistleblower Reveals
A former engineer at Alameda Research, the sister hedge fund of FTX, has alleged that the firm suffered losses of over $190 million due to preventable scams. Aditya Baradwaj, the whistleblower, highlighted the…
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1 year agoFTX Hacker Moves Stolen Assets as Founder's Trial Begins
Anonymous hackers have been moving stolen assets from the now-defunct exchange FTX, coinciding with the ongoing trial of FTX founder Sam Bankman-Fried. Blockchain analytics firm Elliptic reported that 72,500 Ether…
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1 year agoElon Musk Streams Diablo 4 Gameplay on Social Media Platform X
Elon Musk, the owner of the social media website X (formerly known as Twitter), recently hosted a gaming stream on the platform. The stream featured Musk playing Diablo 4 and answering questions from viewers. This…
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1 year agoFormer FTX Founder and Alameda Research CEO's Trial Unveils Shocking Revelations and Scandals
Former engineer Aditya Baradwaj has made shocking claims about security lapses at Alameda Research, alleging that the company lost $190 million due to avoidable mistakes and lax security practices. One notable…
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1 year agoFTX Trial Reveals SBF's Allegations of Binance Leaking Alameda Balance Sheet
Evidence presented in court during the ongoing criminal trial against Sam “SBF” Bankman-Fried, former CEO of FTX exchange, has revealed his belief that Binance leaked an Alameda balance sheet to the media in 202…
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1 year agoCEO's Failure to Hedge Leads to Financial Loss for Alameda
In his opening statement, Cohen revealed that Bankman-Fried, the majority owner of Alameda, had placed his trust in Ellison, the CEO, to handle the day-to-day operations of the company. However, when a downturn was…
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1 year agoFox Business Producer Eleanor Terrett Rises to Prominence in Crypto Community, Battles Impersonators
Fox Business journalist and producer Eleanor Terrett has gained popularity in the crypto community for her coverage of the SEC v. Ripple case. With a focus on the legal and regulatory aspects of cryptocurrency,…
