In a recent filing, U.S. prosecutors addressed the complaints raised by former FTX CEO Sam Bankman-Fried and his legal team regarding the government’s handling of discovery materials. Bankman-Fried had objected to the timing and volume of the materials provided, citing his inability to review them due to his imprisonment. This article critically examines the prosecutors’
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The Ripple community is buzzing with excitement as the company’s CEO and founder unveils plans for an extravagant celebration to commemorate their momentous victory against the US Securities and Exchange Commission (SEC). This victory not only signifies a notable win for Ripple, a leading global payments network, but also represents a significant milestone for the
Circle’s CEO, Jeremy Allaire, has announced that the United States dollar stablecoin, USD Coin, will be launching natively on the Base network in the coming week. This new version will replace the current USD Base Coin (USDbC) that is currently being used by most users. When Coinbase’s Base network was launched on August 9th, there
The highly-anticipated launch of a spot Bitcoin exchange-traded fund (ETF) in the United States could potentially take place right before Labor Day, according to Bloomberg Intelligence. The US Securities and Exchange Commission (SEC) is expected to respond to several applications from prominent asset managers, including BlackRock, Bitwise, WisdomTree, VanEck, and Invesco, in the coming days.
In a significant ruling on August 29, 2023, the United States Court of Appeals for the District of Columbia Circuit overturned a Securities and Exchange Commission (SEC) order, delivering a long-awaited victory to Grayscale Investments LLC in their lawsuit regarding the conversion of their Bitcoin Trust into a spot Bitcoin exchange-traded fund (ETF). The SEC
Crypto’s newest decentralized social media (DeSo) app, friend.tech, has found itself in hot water recently due to its decision to punish users who opt for forks or copycat versions of its tokenized social media platform. In an Aug. 28 tweet, the official friend.tech X account stated, “To make sure loyal users are rewarded fairly during
Binance, one of the leading cryptocurrency exchanges, has recently announced its decision to halt 39 liquidity mining pools due to its latest assessment. The platform has stated that these pools will cease operation on September 1, 2023, after failing to meet the assessment’s standards. This move comes as Binance aims to review listed liquidity pools
The intention behind implementing verification features on social media platforms is to prevent scammers from impersonating legitimate organizations. However, in the case of X, this seemingly straightforward objective has led to the creation of a new and thriving black market. According to cybersecurity researcher ZachXBT, the introduction of blue checkmarks to indicate verified accounts has
Thailand has recently witnessed an unexpected turn of events, as Srettha Thavisin, a candidate from the Pheu Thai Party, has been voted in as the country’s 30th Prime Minister. In a surprising move, Thavisin secured 482 votes out of a possible 747, indicating a clear majority in his favor. This marks a remarkable shift in
The world of cryptocurrencies is constantly evolving, and one coin that has recently gained significant attention is Toncoin (TON). In the past week alone, Toncoin’s price has surged by over 8%, sparking renewed interest in cryptocurrency and generating discussions about its potential for sustained growth in the future. With a current price of $1.46, Toncoin
