Crypto

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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Bitstamp, one of the leading cryptocurrency exchanges, has made the decision to discontinue its services to customers in Canada. The announcement was made by CEO Bobby Zagotta, and it is set to take effect on January 8, 2024. While the reasons behind this withdrawal remain unclear, Bitstamp expressed its gratitude towards its Canadian customers and
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During the ongoing fraud trial of Sam Bankman-Fried, co-founder of FTX exchange, Gary Wang made alarming statements regarding the corrupt relationship between FTX and Alameda Research. Wang disclosed that Alameda had the ability to pilfer client funds, a capability that had been embedded into FTX’s computer systems as far back as 2019. According to Wang’s
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Ripple’s XRP has gained significant attention and popularity in the cryptocurrency space. However, the ongoing lawsuit between the United States Securities and Exchange Commission (SEC) and Ripple has impacted its price. Despite the lawsuit, analysts have predicted various future price scenarios for XRP. In this article, we will explore some of the most interesting predictions
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The Australian Securities and Investments Commission (ASIC) has launched civil proceedings against Bit Trade Pty Ltd, accusing the company of not adhering to its design and distribution obligations (DDO) for its margin trading product. This violation has allegedly resulted in substantial financial losses for customers. The DDO framework was implemented to protect consumers and requires
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Today, all eyes are on the hearing between the United States Securities and Exchange Commission (SEC) and Binance, which holds significant implications for the cryptocurrency exchange. The SEC has accused Binance of failing to provide adequate documentation for the case, despite a prior agreement for expedited discovery. BAM, the organization responsible for Binance’s US branch,
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Ripple, one of the prominent players in the cryptocurrency industry, has been facing numerous challenges in recent times. The company’s troubles began when the United States Securities and Exchange Commission (SEC) filed a lawsuit against Ripple Labs in 2020. The lawsuit alleged that Ripple Labs had conducted an unregistered sale of securities worth over a
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