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NASAA Supports SEC in Case Against Coinbase, Calls for Consistent Interpretation of Securities Law

The North American Securities Administrators Association (NASAA) has expressed support for the U.S. Securities and Exchange Commission (SEC) in its legal actions against Coinbase. NASAA argues that while cryptocurrencies themselves are not inherently fraudulent, the industry has attracted fraudsters who take advantage of investors’ fear of missing out and their economic situations. NASAA believes that […]

Decentralized Network io.net Revolutionizes GPU Computing for AI and Machine Learning Services

A decentralized network called io.net is aiming to provide a cost-effective solution for renting GPU computing power for AI and machine learning services. The project, which started as a quantitative trading system, aggregates GPU computational power from various sources such as data centers, cryptocurrency miners, and decentralized storage providers. By pooling these resources, io.net aims […]

FTX Founder Sam Bankman-Fried Accused of Sanctioning Fraud by Alameda Research CEO

Sam Bankman-Fried, the founder of FTX, has been accused of sanctioning fraud by Caroline Ellison, the CEO of Alameda Research. Ellison confessed to committing fraud under the instructions of Bankman-Fried, setting up a system to funnel money out of FTX. This system allowed Alameda Research to secure $14 billion from FTX, while manipulating the balance […]

Legal Experts and State Authorities Join SEC in Accusing Coinbase of Unlawfully Operating Unregistered Exchange

Coinbase, one of the largest cryptocurrency exchanges in the US, is facing a legal battle over its status as an unregistered exchange. The Securities and Exchange Commission (SEC) has taken action against Coinbase, which is seen as a crucial moment for the future of the crypto industry. Critics argue that the SEC is enforcing regulations […]

JP Morgan Launches Tokenized Collateral Network for Efficient Asset Management

American banking giant JP Morgan has launched its in-house blockchain collateralization platform, called Tokenized Collateral Network (TCN). The platform allows investors to use assets as collateral by transferring ownership through blockchain technology. TCN recently settled its first trade for asset management giant BlackRock, converting shares of a money market fund into digital tokens. The use […]

Bitstamp to Cease Operations in Canada, Aims to Return in the Future

Cryptocurrency exchange Bitstamp plans to halt its operations in Canada starting from January 8, 2024. The exchange has advised its Canadian customers to withdraw their funds and deactivate their accounts before the deadline. Bitstamp’s decision to exit the Canadian market is primarily due to timing issues and the need to focus on regions where it […]

SBF’s Lawyers Request Introduction of Positive Investment Evidence in FTX Trial

In a recent motion filed by Sam “SBF” Bankman-Fried’s lawyers, they have requested the court’s permission to introduce evidence supporting positive investment outcomes, specifically mentioning an investment in the AI startup Anthropic. This request comes after US prosecutors filed a motion to prevent SBF’s legal team from discussing the recovery of FTX customer funds through […]

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 […]

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) […]