News - Page 38

Sam Bankman-Fried's defense team has submitted proposed jury instructions and supporting authorities to Judge Kaplan, contesting the U.S. DOJ's fraud indictment against the defendant. The defense attorneys argue that FTX's relationship with its customers, as governed by the Terms of Service, was under English law, which does not establish a trust or fiduciary relationship. They assert that the fraud charges brought by the government are unfounded.

The Bank of Japan (BOJ) recently announced its decision to maintain the short-term policy rate at -0.1%, signaling its commitment to the negative interest rate policy. However, there was a significant change in the BOJ's approach to the 10-year government bond yield.

The protocol, X, recently experienced a token approval exploit from their new router. As a result, they have taken immediate action to address the issue. In this article, we will discuss the steps taken by the protocol to contain the exploit and ensure the safety of users' funds.

A trader who accurately predicted the previous crypto rally earlier this year believes that Bitcoin (BTC) is set to repeat its recent surge from $28,000 to a new high of $35,000 in 2023.

The impressive rally for Ethereum Layer-1 competitor Solana (SOL) continues as the altcoin registers another 12% gain on the daily chart. At press time, SOL is trading 11.97% up at $36.34 and has a market cap of $15.2 billion.

Judge Kaplan has informed the parties involved in the case that he plans to hold a jury charge conference. This conference will allow the parties to discuss and debate their respective jury instruction proposals. The conference is scheduled to take place after both parties have presented their cases, which is expected to happen as early as Wednesday. Last week, Bankman-Fried testified in court and is currently undergoing cross-examination. The Department of Justice anticipates that the cross-examination will conclude on Tuesday morning.

Altcoin Cardano has been experiencing a positive trend in the crypto market, rallying alongside other cryptocurrencies. In the last 24 hours, the ADA price has increased by 2.47%, reaching $0.300, with a market cap of $10.5 billion.

Coinbase, a prominent player in the cryptocurrency space, has published a report highlighting the increasing momentum of tokenization in the current high-yield environment. This trend, which involves representing ownership of financial assets on a blockchain, has reached its multi-year highs.

The U.S. Securities and Exchange Commission (SEC) is gearing up for a high-level discussion on the approval of a spot Bitcoin ETF following a recent mandate from the U.S. Court of Appeals for the D.C. Circuit. This comes after the court ordered the SEC to revisit the Grayscale ETF decision, highlighting the similarities between Grayscale's proposition and the already sanctioned Bitcoin futures ETFs.

US President Joe Biden has recently issued an executive order to establish new standards for safety and security in the field of artificial intelligence (AI). The order aims to address the risks associated with AI technology and ensure responsible innovation. However, this move has faced criticism from developers and industry insiders who argue that it may hinder freedom to innovate, drawing parallels with the regulatory actions taken against the crypto industry.

Fetch.AI (FET), an altcoin from the artificial intelligence (AI) sector, has been making waves in the crypto markets with its impressive performance over the past week. With new updates on the horizon, Fetch.AI is poised to revolutionize the way we live and work.

Sam Bankman-Fried, the embattled founder of FTX, recently took the stand for a third day, providing valuable insights into his management style and the tumultuous relationships that marked the last days of the cryptocurrency exchange.

The crypto founder's lawyers were not in favor of him speaking publicly, but he went on a media blitz after FTX's collapse. He wanted to share his side of the story with anyone who would listen, including journalists, Twitter personalities, and frustrated crypto day traders.

Bitcoin's price experienced a significant increase last week due to the anticipation of BlackRock and other asset managers listing bitcoin ETFs in the U.S. This development has generated excitement in the market, as it is believed that these ETFs will attract a substantial amount of investment into BTC.

Ethereum has emerged as a powerful blockchain platform with the potential to become foundational infrastructure for the next stage of the internet. However, there are three key risks that need to be addressed in order to ensure its success.

Financial regulators in the United Kingdom are planning to legislate new regulations for the crypto industry in the country. The UK Finance Ministry, along with the top financial regulator, is developing and implementing sweeping rules for regulating crypto assets. This move follows the European Union's deployment of the Markets in Crypto Assets (MiCA) regulation. The UK's approach is broadly in line with the EU. However, there are concerns that the UK risks being left behind in the emerging digital asset market if it fails to attract crypto businesses. In September, the UK's Financial Conduct Authority (FCA) announced a crackdown on illicit and non-compliant financial promotion, including crypto-focused memes. Investors are advised to do their due diligence before engaging in high-risk investments in Bitcoin, cryptocurrency, or digital assets.