FTX founder Sam Bankman-Fried once again took the stand in his ongoing criminal trial in New York on Oct. 30, this time to face cross-examination by prosecutors. Assistant U.S. Attorney Danielle Sassoon began by determining the extent to which Bankman-Fried was involved with FTX’s sister firm, Alameda Research. Bankman-Fried admitted to…
Bitcoin’s reluctance to give up ground has attracted strong buying in select altcoins. Source link
Daniel Shin, co-founder of TerraformLabs, appeared in court on Oct. 30 and denied all charges against him in connection with the 2022 collapse of the Terra Ecosystem. He instead laid blame on his associate Do Kwon’s “unreasonable” management practices of Anchor Protocol. Shin distanced himself from the currently incarcerated Kwon,…
Following October’s tragic events in Israel, a narrative linking Hamas funding to cryptocurrencies emerged from The Wall Street Journal in an Oct. 10 story authored by the paper’s Angus Berwick and Ian Talley. It fueled Sen. Elizabeth Warren’s crusade against the crypto sector. Subsequent insights from Chainalysis and Elliptic cast…
The bullish momentum that propelled Bitcoin (BTC) price to a year-to-date high continues into its third week as the price presses toward the $35,000 handle. Some notable developments that back the current bullish momentum are: The forming a golden cross between the 50-day moving average and 200-day moving average on…
Bitcoin’s recent surge past $34,000 has been a significant event in the cryptocurrency market. Monitoring miner behavior and metrics is paramount when analyzing the Bitcoin market, as miners play a foundational role in network security, transaction validation, and new Bitcoin issuance. Their actions and decisions can offer insights into market…
Cointelegraph recently traveled to Cape Verde, West Africa, to explore whether Bitcoin (BTC) could be a tool for progress. In the latest on-the-ground video documentary from Cointelegraph, global reporter Joe Hall investigates the remittances market, cash economies, and the challenges and opportunities faced by small island nations worldwide. Cape Verde,…
The U.K. Treasury has finalized its regulatory approach to the crypto industry, which will be enacted in multiple phases, with the first phase bringing fiat-backed stablecoins under the supervision of financial watchdogs. In a policy update released on Oct. 30, the Treasury outlined its strategy to regulate stablecoins, with an…
Decentralized crypto exchange PancakeSwap now has portfolio manager functionality, according to an Oct. 30 announcement. The feature has been added in partnership with decentralized finance (DeFi) protocol Bril Finance. The new feature allows PancakeSwap users to deposit tokens into single-asset vaults via the exchange’s user interface. Once the tokens are…
President Joe Biden has issued an executive order focusing on the safety, security, and trustworthiness of artificial intelligence (AI). The directive outlines new standards for AI and mandates several measures aimed at mitigating potential risks associated with AI systems. Under the new order, developers of powerful AI systems will be…