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bob wrote a new post
1 year ago
Former FTX CEO's Ex-Girlfriend Testifies to Fraud in 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 fraud during her tim…
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bob wrote a new post
1 year agoFormer Alameda Research CEO Testifies Against FTX Founder in Fraud Trial
Caroline Ellison, the former CEO of crypto trading firm Alameda Research, testified in the trial of Sam Bankman-Fried, accusing the FTX founder of directing her to commit crimes. Ellison, who has pleaded guilty to…
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1 year ago3Commas Faces Security Breach with Unauthorized Trades on User Accounts
3Commas, a popular crypto trading bot, recently experienced a security incident where unauthorized trades were made on users’ accounts. The incident was limited in scope, but it highlights the vulnerability of t…
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1 year agoFounder of Chinese Giant Maike Metals International Arrested in Latest Crackdown by President Xi Jinping
He Jinbi, the founder of Chinese company Maike Metals International, has been arrested by Chinese authorities. This comes as part of President Xi Jinping’s ongoing crackdown on founders and executives of large f…
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1 year agoControversy Surrounds Portrayal of SBF in New Book, Sparking Debate on Character and Accountability
In recent developments, the portrayal of Sam Bankman-Fried (SBF), the indicted founder and former CEO of the now-defunct cryptocurrency exchange FTX, has sparked a contentious debate. Influential figures like…
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1 year agoEthereum Gas Fees Hit All-Time Lows as Layer 2 Solutions Gain Traction
Ethereum gas fees, a major obstacle to mainstream adoption, have reached all-time lows recently. The average gas price dropped to 8.8 gwei, surpassing the previous record of 8.9 gwei. This decline can be attributed…
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1 year agoCrypto Crisis Deepens as Financial Woes and Leadership Changes Rock Industry
In the rapidly changing world of cryptocurrency, recent events have caused a major upheaval in the industry, leading to what can only be described as a “crypto crisis.” This crisis is characterized by financial dif…
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1 year 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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1 year 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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1 year 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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1 year 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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1 year 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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1 year 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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1 year 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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1 year 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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1 year 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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1 year 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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1 year 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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1 year 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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1 year 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…
