News - Page 36

Sam Bankman-Fried (SBF), the founder of the former cryptocurrency exchange FTX, recently defended his actions during a court testimony. He argued that spending $8 billion of FTX clients’ fiat deposits was part of “risk management.” Moreover, he highlighted the challenges he faced balancing his roles.

Sam Bankman-Fried, the founder of FTX, is currently facing charges of fraud and conspiracy. He is accused of stealing funds from FTX customers and investors and using them for personal expenses such as private jet rides and luxury apartments. In this article, we will discuss the recent testimony from Monday's court session and its impact on the defendant.

Web 2 deserves credit for providing interactive platforms and empowering non-celebrities to build large audiences. It also allowed us to bypass the gatekeepers of culture. However, the centralization problems that existed before Facebook have resurfaced as a few dominant platforms now control a significant portion of global attention.

Our goal is to truly unite and coalesce the crypto grassroots community. We aim to be a one-stop shop for crypto advocacy, providing a platform for more than 16,000 calls and emails to members of Congress. Through our efforts, we strive to bring together individuals who share a passion for cryptocurrencies and blockchain technology. By fostering collaboration and communication, we can amplify our collective voice and drive positive change in the crypto space. Join us in advocating for the future of decentralized finance and digital currencies.

The founder of a failed cryptocurrency exchange has offered an alternative explanation for the collapse of the trading platform. However, prosecutors are challenging this narrative and investigating the founder's involvement in other companies and the use of customer funds.

Solana (SOL) has emerged as one of the strongest bullish contenders in the last quarter of 2023. While Bitcoin (BTC) took a breather after reaching a new yearly high, Solana has managed to maintain its upward momentum.

MetaMask, the popular crypto wallet, has partnered with security firm Blockaid to enhance security for its users. This collaboration aims to provide improved security measures for desktop users initially, with mobile users to follow.

Terraform Labs, led by new CEO Chris Amani, has shared exciting news for the Cosmos community. The company's Foundation business model aims to provide infrastructure support for all Cosmos chains, effectively reducing costs for developers.

In a recent strategy session, crypto trader Benjamin Cowen highlights a key indicator that suggests a potential correction in the price of Bitcoin (BTC). This indicator, known as the golden cross, has historically signaled a price decline in the past. In this article, we will explore what the golden cross is, its significance, and what it could mean for the future of Bitcoin.

The crypto market has experienced a surge in October, with a positive sentiment known as "Uptober." However, despite the gains, security breaches and crypto scams continue to impact investor sentiment.

In a recent transaction, a whale transferred a staggering 30 million XRP tokens to an anonymous wallet. This significant transfer, reported by Whale Alert, a popular cryptocurrency tracking platform, took place on October 31. It is worth noting that this is the second substantial transfer within a short period of time.

Spain is leading the charge in embracing the Markets in Crypto Assets (MiCA) Act, the European Union’s comprehensive crypto framework, with plans to implement it six months ahead of schedule. This decision aims to create a stable and protective regulatory environment for crypto assets and services, offering legal certainty to investors.

The crypto prices today were in the positive territory on Tuesday, October 31, in line with the “Uptober” sentiment that many market watchers have anticipated. The crypto segment has gone through a turbulent phase but bounced back in the ongoing month, as several positive catalysts have raised the market sentiment.

Recent data reveals that Team Unibot, a trading bot enabling users to buy and sell tokens on Uniswap V3 through their Telegram apps, has fallen victim to an exploit. The hacker responsible for the attack has transferred meme coins from Unibot users and exchanged them for ETH, resulting in a loss of $560K.

Elon Musk, the CEO of Tesla and SpaceX, recently participated in the AI Safety Summit in the United Kingdom, sparking speculations about his future ventures in the field of artificial intelligence (AI).

According to recent market data by the crypto tracking platform Whale Alert, a remarkable and eye-catching transfer of the Shiba Inu (SHIB) meme coin caught the attention of the market participants. As of today, a whopping 4.47 trillion SHIB coins were transferred from an unknown sender to Bitvavo, one of the Netherlands’ largest cryptocurrency exchanges. Subsequently, the Shiba Inu prices kept fluctuating, showcasing marginal drops in its price.