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South African Crypto Exchange Valr Receives ‘Initial Approval’ From Dubai Virtual Assets Regulator
5.10.2023
Valr, the South Africa-based crypto exchange, recently said it had won initial approval from the Dubai virtual assets regulator. The crypto exchange’s Head of Growth, Blake Player, said Valr has been attracted by the Middle East region’s significant crypto flows and in particular Dubai’s growing...
A Shot at Full Recovery? Amazon’s Billions to Anthropic Ignite Hopes for FTX Creditors
4.10.2023
FTX creditors might see a silver lining following the recent partnership between Anthropic and Amazon, as the tech behemoth unveiled plans to pour up to $4 billion into the budding artificial intelligence (AI) startup. Over on the social media haven X, a cadre of FTX creditors, united under...
Crypto Tycoon SBF in the Dock: Jury Selection Extended; Hearing Reveals Financial Carnage
4.10.2023
Sam Bankman-Fried (SBF), the disgraced co-founder of the now insolvent cryptocurrency exchange FTX, concluded his first day of trial involving jury selection and voir dire questioning. The process extended into Wednesday as U.S. District Judge Lewis Kaplan eliminated several potential jurors...
DOJ Clamps Down on SBF’s Regulatory Loophole Defense Amid Ongoing Fraud Trial
4.10.2023
The Department of Justice (DOJ) has asked the judge in Sam Bankman-Fried’s (SBF) criminal case to restrict several planned defense arguments about financial regulations. Prosecutors said in a new court filing that SBF should not be allowed to claim he’s innocent because cryptocurrency...
Biggest Movers: MATIC Moves to Highest Point Since August
4.10.2023
Polygon surged to its strongest level since the end of August, as the token extended recent gains. The rally comes despite cryptocurrencies mostly consolidating on Wednesday, following recent declines. XRP was another notable gainer today. Polygon (MATIC) Polygon (MATIC) rose for a back-to-back...
‘Verified Satoshi’ Handle on X Triggers Debate Among Bitcoin Circles, Elon Musk Called to Act
4.10.2023
On the social media platform X (formally Twitter), an account created in 2018 is causing a lot of uproar as the account is called “@satoshi,” and has a verified check mark confirming its identity. A few bitcoin influencers have called on Elon Musk to remove the account’s checkmark,...
Alameda sent $4.1B of FTT tokens to FTX before crash: Nansen report
4.10.2023
Nansen analysts observed “unusual transactions between FTX and Alameda” in the days leading up to FTX’s bankruptcy
Bitcoin, Ethereum Technical Analysis: BTC Rebounds From Key Price Floor on Wednesday
4.10.2023
Bitcoin marginally rebounded on Wednesday, after the cryptocurrency collided with a key support point in yesterday’s session. Markets have consolidated Tuesday’s losses, with the global crypto market cap up 0.7% as of writing this. Ethereum remained under the $1,700 level. Bitcoin...
Crypto Exchange Bybit Launches Derivatives Products in South Africa
4.10.2023
Bybit announced on Oct. 2 that it will be offering its crypto derivatives products in South Africa through Money Doc which acts as the crypto exchange’s “juristic representative.” The crypto exchange said its on-ramp service enables South African users to make deposits in local...
Cardano’s profits surge and developer dominance in September 2023
4.10.2023
Profit-taking has jumped a few borders, as per the data from Santiment. Altcoins, namely ADA, AAVE, and CRV, have observed the maximum profit-taking number. Speculation is that the price could decline in the days to come. The effect is even tangible with ADA’s trading price, which...
BIS, EU central banks building data platform to track crypto, DeFi flows
4.10.2023
The Bank of International Settlements and a handful of European Central banks are building a system to track international flows of cryptocurrencies
Juror Unfamiliarity of Cryptocurrency Poses Challenge in FTX Trial
4.10.2023
As the trial against Sam Bankman-Fried, the disgraced former CEO of bankrupt crypto exchange FTX, begins, the complexity of the world of crypto is emerging as a significant challenge for both the prosecution and the defense.
In the case, the prosecution faces the formidable task of simplifying...
Unbelievable growth from Bitcoin Spark could spell trouble for Cardano and Solana
4.10.2023
With the crypto market steadily recovering, market watchers suggest the unbelievable growth in Bitcoin Spark (BTCS) could spell trouble for Cardano (ADA) and Solana (SOL). What is Cardano? Cardano is a layer-1 (L1) blockchain launched in 2017 by Charles Hoskinson, one of the co-founders...
Oasys ($OAS) gets fresh listing on OKCoin Japan
4.10.2023
Oasys, a game-oriented blockchain, has received a fresh listing of its $OAS token on OKCoin Japan, the local cryptocurrency exchange in Japan. The official date for registration is slated for October 10, 2023. This landmark occurrence is taking place following the declaration that was made earlier...
The most surprising Dogecoin statistics and trends in 2023
4.10.2023
Dogecoin is a name that stands out in the vast world of digital currencies. Since its launch in December 2013, it has attracted investors and crypto enthusiasts from all over the world. Billy Markus and Jackson Palmer created Dogecoin as a lighthearted parody sparked by a Shiba Inu dog internet...
Brazilian CVM Resolution Comes Into Effect, Allowing Funds to Allocate Part of Their Portfolios Into Crypto
4.10.2023
The Brazilian Securities and Exchange Commission (CVM) has opened the doors for investment funds to invest in cryptocurrency. Resolution 175, drafted last year and coming into effect on October 2, defines the rules these institutions must follow to invest in crypto, with analysts predicting a rise...
Kevin O’Leary Warns of Crypto Innovation Fleeing US Due to Regulatory Hurdles
4.10.2023
Shark Tank investor Kevin O’Leary, aka Mr. Wonderful, has expressed concerns that regulatory obstacles will drive crypto innovation away from the U.S. His comments followed a congressional hearing where Congress members grilled U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler...
Ripple Gains a Victory as Judge Torres Rejects SEC’s Interlocutory Appeal
4.10.2023
U.S. District Judge Analisa Torres rejected the Securities and Exchange Commission’s interlocutory appeal in the regulator’s lawsuit against Ripple, noting the SEC failed to explain why her prior decision was faulty. Torres set a trial date for April 2024 to address the remaining...
Latest update — Former FTX founder Sam Bankman-Fried trial [Day 1]
3.10.2023
The former FTX CEO faces seven counts of conspiracy and fraud. A New York court will decide his fate
Bankman-Fried’s Legal Team Cries Foul Over Ukrainian Customer Testimony
3.10.2023
Attorneys for Sam Bankman-Fried have written a letter to the judge, requesting the court block a government witness, a Ukrainian customer who “lost a substantial portion” of his life savings due to the FTX collapse. Bankman-Fried’s lawyers believe the witness’s testimony...