In a recent development, U.S. prosecutors have bombarded former FTX CEO Sam-Bankman Fried’s legal team with a massive amount of discovery documents. Lawyers representing Bankman-Fried have strongly objected to the government’s approach of providing access to evidence and legal information while their client is held at the Metropolitan Detention Center in Brooklyn. One of the
Binance, the world’s largest cryptocurrency exchange, has recently made headlines with its announcement regarding the termination of its crypto debit cards for customers in the Latin America and Middle East regions. This decision, set to take effect from September 2023, has raised questions and concerns among users in these regions. The termination of Binance crypto
Back in July, Judge Analisa Torres declared that XRP programmatic sales should not be classified as securities. This ruling initially caused a rally in the price of the XRP token, as it provided clarity and relief to investors. However, as time has passed and the United States Securities and Exchange Commission (SEC) has begun to
Federal Reserve Chair Jerome Powell has expressed concerns about the robust growth of the U.S. economy and its potential impact on inflation. Speaking at the Jackson Hole Economic Symposium, Powell acknowledged the uncertainties surrounding the economic outlook and emphasized the need for further restrictive monetary policies to mitigate inflationary pressures. Despite a decline in inflation
In a recent court filing on Aug. 25, Judge Martin Glenn of the United States Bankruptcy Court for the Southern District of New York rejected a motion to establish a special shareholders class in the Celsius Network bankruptcy case. Furthermore, the judge declined to determine whether the Celsius (CEL) token should be classified as a
In ancient times, civilizations relied on oracles to gain insights into the future. Nowadays, artificial intelligence (AI) crypto platforms like yPredict are stepping into the role of these oracles in the world of finance. However, instead of relying on mysticism and cryptic prophecies, these platforms leverage sophisticated algorithms and AI-driven models to make predictions. The
In a recent cybersecurity incident, bankruptcy claims agent Kroll suffered a breach that compromised the personal information of some FTX customers. FTX, a cryptocurrency exchange, confirmed the incident on social media and assured its users that measures were being taken to protect them. However, the incident raises concerns about the security of customer data and
The NFT market is known for its unpredictability, and in recent months, there has been an unexpected shift in the floor prices of some of the most prominent blue-chip NFTs. Floor price refers to the minimum price a seller can expect to pay for an item in a collection, and it is often an indicator
The cryptocurrency exchange HashKey, which is the first licensed virtual asset provider in Hong Kong, is set to open its doors for retail trading on August 28. This development comes with investment limits imposed on users, allowing them to invest only up to 30% of their net worth into cryptocurrencies when using the platform. To
The price of Pepe (PEPE), a frog-themed memecoin, has experienced a sharp decline of nearly 15% due to recent developments that have sparked concerns of a potential “rug pull” by its developers. These concerns arose after approximately $16 million worth of Pepe tokens were transferred from the developers’ multisig wallet to various cryptocurrency exchanges on
