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The ongoing trial against FTX co-founder Sam Bankman-Fried has taken an intriguing turn with the testimony of Zac Prince, the CEO of defunct crypto lender BlockFi. Prince’s appearance in a Manhattan federal courtroom shed light on the intricate relationship between BlockFi, FTX, and Alameda Research. his testimony provided valuable insights into BlockFi’s exposure to Alameda
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A former CEO of an investment firm has recently confessed to participating in a deceptive trading practice known as “cherry-picking.” This scheme involved manipulating the allocation of profitable and unprofitable trades to benefit the CEO’s personal accounts while causing losses to investors. The founder and previous CEO of Systematic Alpha Management LLC (SAM), Peter Kambolin,
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In a significant turn of events, the U.S. Securities and Exchange Commission (SEC) has chosen not to challenge a recent court ruling that deemed its rejection of Grayscale Investments’ application to create a spot bitcoin exchange-traded fund (ETF) unjust. In August, the District of Columbia Court of Appeals in Washington declared the SEC’s refusal invalid,
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Cryptocurrency investment firm Paradigm recently filed an amicus brief in support of Binance’s motion to dismiss the U.S. Securities and Exchange Commission’s (SEC) lawsuit against them. This legal document aims to ensure that the SEC’s regulatory actions do not hinder innovation in the crypto industry and disrupt markets beyond the regulator’s jurisdiction. In this article,
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In a significant move to broaden its accessibility, Uniswap, the world’s largest decentralized cryptocurrency exchange, recently announced the launch of a closed beta version of its Android mobile app. This development comes after the exchange had been exclusively available on PC and iOS devices, limiting its reach to a specific user base. With the introduction
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