In his opening statement, Cohen revealed that Bankman-Fried, the majority owner of Alameda, had placed his trust in Ellison, the CEO, to handle the day-to-day operations of the company. However, when a downturn was anticipated, Bankman-Fried urged Ellison to implement a hedge to protect against potential losses. Unfortunately, Ellison did not take action at the […]
Fox Business journalist and producer Eleanor Terrett has gained popularity in the crypto community for her coverage of the SEC v. Ripple case. With a focus on the legal and regulatory aspects of cryptocurrency, Terrett closely monitors developments in Washington. She keeps herself informed by following influential figures in the US government and CEOs of […]
Indonesia is positioning itself as a leading hub for Web3 technology and cryptocurrency adoption. With a population of 270 million, including a large percentage of tech-savvy young people, the country is primed to embrace decentralized technologies. The Indonesia Blockchain and Metaverse Center (IBMC) is working with various sectors, including the government, to educate the public […]
Kraken founder accuses venture capital firms, including Sequoia, of enabling fraud at FTX, a bankrupt company. The founder claims that these “incompetent VCs” invested in FTX despite the obvious signs of fraud. This revelation raises questions about the due diligence conducted by these firms before investing. The accusations highlight the need for stricter scrutiny and […]
Chainlink (LINK) experienced a 12% drop in price in October, but despite this, whales continued to accumulate the cryptocurrency. Large LINK addresses increased in number since mid-September, with 27 additional addresses holding 100,000-1 million LINK and four wallets holding between 1-10 million LINK. While the overall crypto market downturn may have spooked retail investors, the […]
Binance, the world’s leading cryptocurrency exchange, has announced that it will delist several spot trading pairs on October 13, 2023. The decision to remove these pairs, including BEL/BUSD and DOT/GBP, is based on factors such as low liquidity and trading volume. Binance will also terminate its Spot Trading Bots services for these pairs. Users are […]
Edward Snowden, a well-known advocate for cryptocurrency, recently spoke at the BTC Conference and shared his thoughts on Bitcoin. He urged investors to look beyond the price of the asset and focus on its actual use cases. Snowden highlighted the issue of lack of real anonymity in Bitcoin, making it easy for governments to track […]
TangibleDAO, the creator of the real estate-backed USDR stablecoin, has announced that it will discontinue the project after it depegged on October 11. The decision was made due to the numerous attack vectors in the stablecoin’s design and the ease with which measures to protect users could be manipulated. The team plans to deprecate the […]
Stuart Alderoty, Chief Legal Officer of Ripple, has commented on the recent court victories against the SEC, stating that they have provided clarity for XRP in the US. The rulings have classified XRP as a non-security, a significant win for the cryptocurrency. However, Alderoty believes that the US still needs to establish comprehensive regulations for […]
Caroline Ellison, the former CEO of Alameda Research, testified against her ex-boyfriend and former boss, Sam Bankman-Fried, in a high-profile trial. Ellison tearfully recounted the downfall of her hedge fund and the FTX exchange, expressing relief that the truth about their fraudulent activities had come to light. She described feeling immense guilt for the employees […]
