admin The action-packed third week of Sam Bankman-Fried’s historic fraud trial concluded Thursday afternoon in Manhattan federal court. Here’s what you missed. The prosecution’s new star witness? The prosecution started with a bang as Nishad Singh delivered a powerful testimony against the now-disgraced FTX founder. Singh testified that customer deposits into FTX were “spent and lost” … Read more
Source: AdobeStock / Grecaud Paul The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) published a joint consultation paper on two draft guidelines. On October 19, the European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) published joint guidelines that include granting authorization for asset-referenced tokens (ARTs) and … Read more
Despite a challenging day for the crypto market, Bitcoin price remained steadfast above the $29,000 threshold. This stability can likely be attributed to Fidelity’s recent modifications to its Bitcoin ETF proposal. Within these changes, Fidelity delineated its strategies to safeguard customer Bitcoin assets and transparently communicate associated risks. It’s worth highlighting that ARK Invest and … Read more
Source: Mikhail/Adobe Central Bank also wants to lift “all” restrictions on the use of its digital ruble. Regulator claims that its CBDC will not replace cash or conventional forms of banking Russia’s government intends to use the digital ruble to make welfare payments, and wants citizens to use the CBDC to pay their taxes. Per … Read more
Source: Atomic Wallet Atomic Wallet has frozen over $2 million after detecting suspicious deposits in a partnership with prominent exchanges. According to an announcement on October 18, 2023, Atomic Wallet has sought the assistance of blockchain intelligence firms Chainalysis and Crystal in its effort to identify and contain these unlawfully obtained funds resulting from an … Read more
Source: Adobe/wolterke Wealth management firm, Morgan Stanley opined that the crypto winter may be over ushering in the spring which indicates a slight boost in market activity. The company explained key market concepts in a blog post aimed at analyzing the bear market, its implications, and incoming cycles before and after next year’s halving event. … Read more
Source: Pixabay Ava Labs, the crypto firm supporting the Avalanche blockchain, is reportedly having plans to partner with Indian government agencies and institutions to expand its operations and help build applications on Avalanche (AVA). As a part of its expansion plans, the firm has hired Devika Mittal of OKX and Kamakshi Arjun of Polygon to … Read more
Source: bitmama888/Instagram Russian police think that a “crypto influencer” known as Bitmama, aka the “Queen of Crypto,” may have sent tokens to support Ukraine’s military. Valeria “Bitmama” Fedyakina was detained by police in September after an “acquaintance” accused her of fraud. She remains in custody, and a news network released an image, apparently showing her … Read more
Source: Elixir DeFi platform Elixir has secured $7.5 million in a Series A investment fund led by Hack Venture Capital, bringing the protocol’s valuation to $100 million. Other participants in the round included AngelList Ventures, NGC Ventures, Bloccelerate, Hudson River Trading, Genesis Trading, and angels from Ledger Prime. The new capital will be used to … Read more
Europe’s Expanding Crypto Landscape: DeFi and Web3 on the Rise The digital asset ecosystem in Europe expands as institutions broaden their services to decentralized finance (DeFi) amid market turmoil. A new market report released by on-chain analytics from Chainalysis shows industry growth in Central, Northern, and Western Europe (CNWE) as well as the United Kingdom’s … Read more