Sam Bankman-Fried, founder of the now-defunct crypto exchange FTX, continued his testimony in Manhattan federal court Friday afternoon. Bankman-Fried’s public image Bankman-Fried pushed back on former Alameda Research CEO Caroline Ellison’s claims that his now infamous unkempt hair and casual style of dressing were to benefit his image by stating that he was simply “too … Read more
Federal Reserve Vice Chair for Supervision Michael Barr Source: YouTube/FederalReserveBoston US regulators are finally discussing the subject of fiat-backed digital assets, popularly known as stablecoins. According to Federal Reserve Vice Chair for Supervision Michael Barr, it’s imperative that stablecoins also fall under the supervisory oversight of the government. Presenting his idea at a Washington DC-hosted … Read more
DEXTools Logo / Source: DEXTools X Bitcoin (BTC) is pulling back on Friday amid profit-taking in wake of its recent US spot Bitcoin ETF approval optimism powered pump this week, with the world’s largest cryptocurrency last trading just above the $33,500 mark. That means BTC is down close to 2.0% on the day, which marks … Read more
In an exclusive interview with cryptonews.com, Don Norbury, Head of Studio at Shrapnel, talks about Shrapnel’s unique story to date, how blockchain can be included as an optional additional element of AAA games, and the future of web3. Don Norbury is Head of Studio at Shrapnel, a AAA first-person extraction shooter with a creator ecosystem … Read more
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. Established in 2011, BTCC exchange is one of the longest-running and most trustworthy cryptocurrency exchanges. The company has recently announced the launch of its highly anticipated copy trading feature for perpetual futures trading. This copy trading offers up to 15% profit … Read more
Source: THINK b/Adobe China’s ride-sharing giant Didi Chuxing has unveiled a new digital yuan service that will let citizens in 250 parts of the nation use their CBDC coins to rent motorcycles. Per the Xi’an Business News Network, the move involves the Didi Chuxing affiliate Didi Qingjue, which operates an app-powered motorcycle-sharing service. Previous developments … Read more
. Disgraced FTX founder Sam Bankman-Fried took the stand for the first time in his landmark fraud trial without the jury present. With numerous pieces of evidence and lines of testimony in contention between the prosecution and the defense, Judge Kaplan sent the jury home early Thursday in order to hammer out which arguments may … Read more
Bankman-Fried’s decision to testify comes after a number of his former close associates took the stand against him. Former Alameda Research CEO Caroline Ellison, FTX co-founder, Gary Wang, and head of engineering for FTX Nishad Singh, largely deflected responsibility back to Bankman-Fried by alleging he was the mastermind behind the company’s misuse of customer … Read more
Source: Adobe / Prazis Images Recent reports suggesting that crypto has played a significant role in terrorism funding have been debunked by blockchain forensics firm Elliptic. According to a report by Elliptic published this week, the transparency and traceability of the blockchain make it challenging for terrorist groups like Hamas to effectively use crypto for … Read more
Source: Pixabay Senior public officials in South Korea’s Gyeonggi province have declared their cryptocurrency holdings. The disclosure comes as part of the province’s efforts to ensure transparency among its government employees to avoid conflict of interest. Gyeonggi province announced that it had undertaken proactive measures to encourage the reporting of virtual assets by high-ranking public … Read more