The trial against Sam Bankman-Fried, the CEO of the FTX crypto exchange, is underway in Manhattan’s federal courthouse. Marc-Antoine Julliard, a London-based commodities trader, testified that he was lured in by FTX’s confident marketing, which he believed painted the picture of a trustworthy platform. However, he was unaware that his funds might be borrowed. Assistant […]
Bitcoin (BTC) price has once again started to rise after crossing the moving average lines. The largest cryptocurrency is currently trading above the moving average lines or in the uptrend zone. The recent price action remained stable above the $27,600 support. Bitcoin is now trading below resistance of $28,400 and is benefiting from the possibility […]
Project Atlas is a collaborative initiative between the Bank of International Settlements (BIS) and central banks within the Eurosystem, aimed at researching and developing crypto and blockchain technology. The project seeks to streamline the collection of data from diverse cryptocurrency exchanges and public blockchains, providing policymakers and central banks with a comprehensive overview of the […]
A notorious FTX account drainer has caused significant disruption in the crypto community by transferring a total of 60,000 ETH from 4 wallet addresses since late September. Reports indicate that the wallets that held close to 200K ETH now have a balance of merely 125K ETH. CertiK Alert, a blockchain sleuth, highlighted that an FTX […]
XRP has become the top trending cryptocurrency following Ripple’s court victory against the SEC, with its price peaking at $0.55. Lesser-known cryptocurrencies Raydium (RAY) and Verosity (VRA) take the second and third spots, with significant price increases. Avalanche (AVAX) and Rollbit Coin (RLB) round up the top 5 trending digital assets. Some crypto analysts have […]
Sam Bankman-Fried, the former CEO of FTX, is currently facing a six-week trial with seven charges related to fraud and conspiracy to commit fraud. If convicted, he could face over 100 years in prison. On the first day of the trial, Bankman-Fried’s defense counsel delivered an opening statement to the 12 jurors who will decide […]
The federal court, led by Judge Analisa Torres, recently rejected the SEC’s plea for an interlocutory appeal in their litigation against Ripple. This decision maintained that XRP is not a security, and Ripple is facing a substantial penalty of $700 million for the unauthorized sale of securities to institutional entities. The case is set to […]
The world’s largest asset manager BlackRock created a stir in the crypto market when it filed for a spot Bitcoin ETF in June 2023. However, the U.S. Securities and Exchange Commission (SEC) recently delayed the approval of the ETF. Former BlackRock managing director Steven Schoenfield believes that the SEC could approve the ETF within the […]
Ripple has had a successful couple of days, winning a second case against the United States Securities and Exchange Commission (SEC) and being featured in a prestigious Fintech 100 list. The court ruling from July was upheld and a trial date of April 24, 2024 was set. Ripple also unveiled a new anti-fraud feature for […]
Marc-Antoine Julliard, a London-based cocoa beans trader, was the first witness to testify against Sam Bankman-Fried (SBF), the founder and former CEO of the bankrupt cryptocurrency exchange FTX. Julliard had invested $100,000 in the platform in 2021 and was left in limbo when it filed for bankruptcy in November 2022. During his testimony, Julliard said […]
