Sam Bankman Fried, the former CEO and co-founder of FTX crypto exchange, has pleaded not guilty to fraud and money laundering charges levied in an updated indictment by prosecutors, according to a report. Bankman Fried appeared in the Southern District of New York courthouse on Aug. 22 facing accusations of misusing customer funds for personal
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Ran Neuner is the CEO of Onchain Capital, founder of Crypto Banter, and a vocal crypto commentator on X. Crypto Banter’s Ran Neuner has a “problem with the structure of XRP and Ripple.” While he appreciates Ripple sticking it to the SEC, he is hung up on the “moral and ethical” side of things with
Zero-knowledge proof technology continues to garner interest and investment as Binance Labs becomes the latest firm to invest in ZK-proof-powered infrastructure developed by Delphinus Lab. Binance’s venture capital arm announced a strategic investment into Delphinus Lab’s zero-knowledge WebAssembly (zk-WASM) virtual machine. The zk-WASM is being labeled as the first known open-source virtual machine to support
The Bitcoin (BTC) metric that nailed the pit of the 2022 bear market says its uptrend is still intact. In an X post on Aug. 22, creator of on-chain analytics platform LookIntoBitcoin, shared some good news in the form of Bitcoin’s Realized Cap HODL Waves (RHODL). Analyst: “New money” flowing into Bitcoin in 2023 While
The United States Securities and Exchange Commission (SEC) lawsuit against Ripple filed in December 2020 has deprived the XRP token of nearly three years of adoption in the United States, said pro-XRP lawyer John E Deaton in a recent post on X (formerly Twitter). Deaton’s comments came amid Coinbase’s announcement that they have acquired a
The South Korean city of Cheongju, the capital of North Chungcheong province, has said it intends to begin confiscating cryptocurrency from local tax delinquents. The administration of Cheongju has requested seven South Korean crypto exchanges to inquire into the holdings of thousands of tax evaders, according to a report from local news agency Yonhap on Aug.
Layer 1 blockchain Terra has temporarily shut down its website in order to protect users from ongoing phishing scams on the platform. “The terra(dot) money domains have successfully been frozen to prevent further user phishing scams, but a full resolution is still underway,” Terra officially announced on X (formerly Twitter) on Aug. 22. Terra advised
A mysterious Bitcoin wallet has surged up the ranks to become the third largest holder Bitcoin (BTC) in the world in just over three months, with the timing sparking some wild theories about its owner. According to data from crypto statistics platform BitInfoCharts, the wallet address first received Bitcoin on March 8. Over the course
Macroeconomist Lyn Alden has cast doubt on a proposal that would see five countries work together to develop a common BRICS currency — arguing it will likely struggle to get off the ground and fail to dethrone the United States dollar. In an interview with Cointelegraph just days before the BRICS annual summit in South
Thailand is planning to seek a court-issued shutdown order against Facebook unless it takes steps to deal with alleged investment and crypto scam ads on its platform. On Aug. 21, the Ministry of Digital Economy and Society (MDES) stated over 200,000 people had been duped by Facebook ads that touted crypto scams, investing in fake
Cryptocurrency exchange Coinbase has received approval from the United States National Futures Association to offer investments in crypto futures to eligible customers. The approval enables Coinbase to introduce Bitcoin (BTC) and Ether (ETH) futures contracts through its Commodity Futures Trading Commission-regulated derivatives exchange. Meanwhile, citing sources familiar with the matter, The Wall Street Journal reported
A federal judge overseeing former FTX CEO Sam Bankman-Fried’s criminal case has issued an order allowing Sam Bankman-Fried to meet with his legal team outside of jail for roughly seven hours. In an Aug. 21 filing in United States District Court for the Southern District of New York, Judge Lewis Kaplan ruled that Sam Bankman-Fried,
Cryptocurrency advocacy group Coin Center has provided suggestions for United States lawmakers to consider in potential legislation related to the taxation of digital assets. In an Aug. 21 letter to Sens. Ron Wyden and Mike Crapo, Coin Center pointed to the Virtual Currency Tax Fairness Act — a bill previously introduced in other sessions of
Digital asset investment products saw $55 million in outflows for the week of September 13-19, according to a report from CoinShares. Optimism surrounding what was previously thought to be the impending approval of a spot-based Bitcoin exchange-traded fund has begun to give way as $42 million worth of the week’s outflows came from BTC alone.
In the past few months, Bitcoin traders had grown used to less volatility, but historically, it’s not uncommon for the cryptocurrency to see price swings of 10% in just two or three days. The recent 11.4% correction from $29,340 to $25,980 between Aug. 15 and Aug. 18 took many by surprise and led to the
Do Kwon: “95% are going to die [coins], but there’s also entertainment in watching companies die too” 8 days ago. Ironic. pic.twitter.com/fEQMZIyd9a — Pedr (@EncryptedPedro) May 11, 2022 More than $40 billion in investor assets were lost in the crash between May 5 and May 13, 2022. Less than a year later, Do Kwon was
Fintech investment adviser Titan Global Capital Management has agreed to a cease-and-desist order by the United States Securities and Exchange Commission (SEC), along with censure and penalties after the agency pressed charges against it relating to advertising and compliance failures. According to the SEC, the New York-based firm made misleading claims on its website that
After the sharp fall on Aug. 17, Bitcoin (BTC) remained stuck inside a tight range over the weekend. This suggests indecision between the bulls and the bears about the next directional move. After the latest fall, about 88% of Bitcoin held by Short-term Holders (STHs), owning Bitcoin for 155 days or less, has plunged into
Bitcoin (BTC) holdings owned by speculators are nearly 90% in the red after the “flash crash” to $26,000, new research says. In the latest edition of its weekly newsletter, “The Week On-Chain,” analytics firm Glassnode reveals the true cost of last week’s BTC price dip to newcomers. Short-term holders “increasingly sensitive” to BTC price While
Blockchain sleuths have flagged the transfer of $1 million of Ether (ETH) belonging to a wallet controlled by Ethereum co-founder Vitalik Buterin as cryptocurrency markets remain depressed after widespread weekend losses. #PeckShieldAlert vitalik.eth has transferred 600 $ETH (~$1M) to #Coinbase pic.twitter.com/XVTwLqPENM — PeckShieldAlert (@PeckShieldAlert) August 21, 2023 The publicly labeled Ethereum wallet address vitalik.eth transferred 600