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12 months agoSEC Argues Digital Assets Have No Inherent Value in Court Motion Against Coinbase
The U.S. Securities and Exchange Commission (SEC) has argued in a court motion against Coinbase, the top US crypto exchange, that digital assets have no inherent value. The SEC claims that unlike tangible assets…
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12 months agoFormer FTX CEO Accused of Directing Fraud by Ex-Girlfriend and Business Associate at Criminal Trial
Former FTX CEO Sam “SBF” Bankman-Fried is currently on trial for fraud, and his former business associate and girlfriend Caroline Ellison recently testified against him. Ellison admitted to committing fraud at Ala…
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12 months agoFriend.tech Introduces Two-Factor Authentication to Combat SIM-Swap Attacks
Friend.tech has introduced a two-factor authentication (2FA) password feature in response to a series of SIM-swap attacks targeting its users. These attacks involve hackers gaining control of users’ phone numbers a…
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12 months agoAlameda Research Allegedly Minted $40 Billion of Tether's USDT, According to Report
Bankrupt crypto firm Alameda Research is believed to have minted around $40 billion of Tether’s USDT stablecoin, accounting for approximately 47% of its circulating supply. This analysis was conducted by Coinbase d…
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12 months agoFCA Places Restrictions on Binance's UK Partner Rebuildingsociety for Noncompliance
The Financial Conduct Authority (FCA) in the UK has imposed restrictions on Rebuildingsociety, a peer-to-peer lending platform that partnered with cryptocurrency exchange Binance to comply with the FCA’s m…
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12 months agoBinance Freezes Crypto Accounts Linked to Hamas Militants at Request of Israeli Law Enforcement
Crypto exchange Binance has complied with requests from Israeli law enforcement to freeze accounts linked to Hamas militants. The freeze specifically targets Hamas and not the people of Palestine, according to Yi…
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12 months agoBitVM Sparks Debate: Introducing Smart Contracts to Bitcoin Blockchain
BitVM, a computing paradigm introduced by Robin Linus of ZeroSync, aims to bring smart contract capabilities to the Bitcoin blockchain. The whitepaper, released on October 9, has sparked a heated debate within the…
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12 months agoJudge Frustrated with Defense's Repetitive Questions in Former FTX CEO's Trial
One of the key points of discussion in the ongoing trial of former FTX CEO, Sam Bankman-Fried (SBF), is the reaction of Judge Lewis Kaplan to the defense’s tactics during cross-examination. On the third day of t…
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12 months agoBillionaire Hedge Fund Manager Paul Tudor Jones Expresses Concerns Over Stocks Amid Geopolitical Tensions
Paul Tudor Jones, billionaire hedge fund manager and founder of Tudor Investment Corporation, has expressed concerns about the current state of the stock market. In an interview with CNBC’s Squawk Box, Jones h…
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12 months agoNew York Artist Sheds Light on Crypto Scams with 'Rug Pull' Installation
Street artist Nelson Saiers, also known as the “Warhol of Wall Street,” has unveiled his latest guerilla installation titled “Rug Pull” in front of the United States Securities and Exchange Commission (SEC) in down…
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12 months agoCircle Launches Native USDC on Ethereum Layer 2 Scaling Protocol Polygon
US dollar stablecoin issuer Circle has announced that it is now minting USD Coin (USDC) natively on the Ethereum layer 2 scaling protocol Polygon. This means that users and developers can access USDC without the…
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12 months agoFormer FTX CEO's Ex-Partner Testifies in Fraud Trial, Revealing Details of Customer Fund Misuse
The second week of the criminal trial for former FTX exchange CEO Sam “SBF” Bankman-Fried is underway, with key witness Caroline Ellison taking the stand. Ellison, who was both SBF’s former romantic partner and t…
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12 months agoOK Group Rebrands Crypto Ventures as OKX, Starting with Okcoin
Major cryptocurrency exchange operator OK Group is rebranding its crypto ventures under the name “OKX.” The company plans to rebrand its platform Okcoin to OKX in key operational jurisdictions, starting with Sin…
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12 months agoAllegations of Misconduct and Misappropriation of Funds at FTX Exposed
Gary Wang, who has previously pleaded guilty to similar charges as Sam Bankman-Fried, testified that Bankman-Fried instructed him to write code that allowed Alameda Research to have a negative balance on the FTX…
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12 months agoHut 8 Continues to Accumulate Bitcoin Amid Merger Deal with US Bitcoin
Canadian Bitcoin mining company Hut 8 has announced that it mined 111 Bitcoin in September 2023, bringing its total self-mined BTC reserves to 9,366 Bitcoin. This represents an 8% increase from the previous month,…
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12 months agoCrypto Community in Israel Launches Humanitarian Campaign for Displaced Israelis
A collective of companies and leaders in the Web3 space in Israel have launched a crypto humanitarian campaign called “Crypto Aid Israel.” The campaign aims to raise funds to provide essential supplies for dis…
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12 months agoSam Bankman-Fried's Legal Team Seeks to Question FTX Co-Founder in Fraud Trial
In the ongoing fraud trial of Sam Bankman-Fried, his legal team is seeking permission to question FTX co-founder Gary Wang about his reliance on legal advice when accepting loans from Alameda Research. This request…
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12 months agoIsraeli Authorities Freeze Hamas Cryptocurrency Funding, Redirect Funds to State Treasury
Israeli authorities have reportedly frozen cryptocurrency accounts belonging to the Hamas group with the help of Binance. The funds seized from these accounts have been transferred to the state treasury, although…
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12 months agoEthereum Foundation Falls Victim to "Sandwich Attack" Costing Thousands of Dollars
The Ethereum Foundation, the leading organization behind the development of the Ethereum blockchain, has fallen victim to a “Sandwich Attack” that resulted in the loss of around $9,101. The attack was carried out…
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12 months agoRipple Returns Unlocked XRP Tokens to Escrow to Support Price Stability
Ripple, the cryptocurrency company, has been returning a significant portion of its unlocked XRP tokens to its escrow system after each monthly release. This move is aimed at supporting the price of XRP. Bill…