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Former FTX CEO’s Ex-Girlfriend Testifies Against Him, Revealing Alleged Misappropriation of Funds

The trial of former FTX CEO, Sam Bankman-Fried, resumed on October 10, with his ex-girlfriend and Alameda Research’s former CEO, Caroline Ellison, testifying against him. Ellison confirmed their on-and-off relationship and provided key insights into Bankman-Fried’s alleged misappropriation of FTX customers’ funds through Alameda. She admitted to committing fraud alongside the defendant and stated that […]

Crypto Analyst Warns of Possible Market Manipulation of XRP by Wealthy Elite and Major Bankers

A crypto analyst has issued a warning about potential market manipulation of XRP, the cryptocurrency associated with Ripple. The analyst, known as Wall Street Bulls, suggested that the wealthy elite and major bankers may be behind these manipulative acts. They shared a price chart showing a significant decline in XRP’s value since reaching a high […]

Central Bank of Nigeria Clarifies that eNaira Does Not Threaten Financial Stability

The Central Bank of Nigeria (CBN) has addressed concerns that its central bank digital currency (CBDC), the eNaira, poses a threat to the country’s financial stability. The CBN released a press statement in response to media reports suggesting that the eNaira could have negative implications. These reports referenced a CBN report called “Economics of Digital […]

FTX Founder Sam Bankman-Fried Wanted to Shut Down Alameda Due to FUD, Reveals Trial

Embattled FTX founder Sam Bankman-Fried reportedly wanted to shut down his other company, Alameda Research, due to the negative attention it brought to FTX. In an unpublished post shared by a former Alameda employee, Bankman-Fried described the company as both a success and a failure, but ultimately felt that the FUD (fear, uncertainty, and doubt) […]

Regulatory Landscape for Cryptocurrencies: A Global Overview

The regulatory landscape for cryptocurrencies varies across different regions. In the United States, various regulatory bodies, such as the SEC, CFTC, and OCC, are vying for jurisdiction over the sector. The SEC has faced criticism for its enforcement approach and has lost several significant court cases. The US Congress has introduced and discussed multiple cryptocurrency-related […]

Ripple’s IPO and XRP Reserves: A Strategic Move Set to Transform the Cryptocurrency Landscape

Linqto, a pre-IPO investment platform, is attracting a lot of attention as it hints at reopening opportunities for investors to purchase Ripple shares before its highly anticipated IPO. Ripple, known for its resilience in the face of legal challenges, is now on the verge of going public, generating excitement not only within the crypto community […]

Swiss Central Bank Denies Using XRP as Settlement Token for CBDC, Expert Debunks Rumors

Switzerland’s announcement at the Sibos 2023 conference about live transactions with a Central Bank Digital Currency (CBDC) has sparked a flurry of claims and counter-claims within the XRP community. A user on X (formerly Twitter) claimed that the Swiss Central Bank is using XRP as a settlement token through the R3 network. However, an expert […]

BlackRock’s Entry into Bitcoin Could Fundamentally Change the Top Crypto Asset, Warns BitMEX Co-Founder

BitMEX co-founder Arthur Hayes has expressed concerns about the potential impact of asset management giant BlackRock entering the Bitcoin space. While Hayes acknowledges the positive effect a spot Bitcoin exchange-traded fund (ETF) could have on the crypto market, he worries about the influence traditional finance could have on the underlying fundamentals of Bitcoin. Specifically, he […]

SBF Seeks to Introduce Anthropic Investment in Court Case as Prosecutors Oppose

SBF, a prominent company, is seeking to introduce an investment in Anthropic to a court case. However, prosecutors are attempting to block this move. The lawyers for SBF are looking to use this investment as evidence, but the judge has denied their request to cross-examine Gary Wang. The details surrounding the court case and the […]

North American Securities Regulators Support SEC in Lawsuit Against Coinbase, Argue Digital Assets Should Not Receive Special Treatment

The North American Securities Administrators Association (NASAA) has argued that digital assets should not be treated as special and should be subject to securities laws, supporting the United States Securities and Exchange Commission (SEC) in its lawsuit against Coinbase. The SEC sued Coinbase in June, accusing the crypto exchange of violating federal securities laws. Coinbase […]