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Highlights: * The CEO of the now-bankrupt FTX exchange, Sam Bankman-Fried, faces potential imprisonment of up to 115 years. * He denies any wrongdoing. * Key testimonies shed light on the financial mishandlings and alleged deceit orchestrated under Bankman-Fried’s leadership. Witness Testimonies: In a revelation that stunned the financial world, Adam Yedidia,
Finance
The cryptocurrency space has witnessed another significant security breach, this time involving Uranium Finance, a decentralized financial platform on the Binance Smart Chain (BNB Chain). The exploit has led to massive financial repercussions, with the attacker potentially attempting to launder the ill-gotten gains through Ethereum. BlockBeats, a renowned crypto news
Finance
San Francisco, CA - The leading American cryptocurrency exchange, Coinbase, is currently navigating turbulent waters as the latest numbers reveal a staggering 52% drop in its spot trading volume for Q3 2023. Data furnished by the analytics provider CCData indicates that Coinbase's spot trading volume for the third
Finance
The cryptocurrency market has been a whirlwind of developments and price fluctuations. As Bitcoin remains the undisputed king of the crypto world, Ethereum, its closest competitor, is not far behind in capturing the attention of investors and market analysts. Standard Chartered, a renowned British multinational banking and financial services company,
Finance
Trader Joe's lawyers further elaborated on the potential damage this confusion could cause their brand, stating that the unauthorized use of the name was not just misleading but was also a "calculated move" to ride on the supermarket's popularity and goodwill. In the filed
Finance
After a prolonged period of inactivity, an unidentified bitcoin holder has resurfaced, startling the crypto community by transferring a mammoth 5000 BTC, approximately valued at $138.3 million, to two novel addresses. The Background Data analysis reflects that this colossal amount was originally acquired by the whale from Poolin, one
Finance
In the fast-paced world of cryptocurrencies, exchanges play a pivotal role, offering the much-needed platform for traders to buy and sell their assets. But as the industry grows, so does its attractiveness to malicious actors. A case in point: Upbit, a major crypto exchange, has recently been targeted by hackers
Finance
Amidst the volatility, regulations, and burgeoning adoption of cryptocurrencies, one voice has chimed in with a bullish forecast for the most famed digital asset – Bitcoin. Arthur Hayes, co-founder and former CEO of the prominent Bitcoin derivatives exchange BitMEX, has predicted that Bitcoin's price will range between $750,000
Finance
The age of technological marvels continues to evolve as Microsoft, the tech behemoth, introduced a new image recognition feature in its search engine, Bing. As exciting as this development might sound, it has also opened new avenues for those wanting to manipulate and deceive the system. But Microsoft anticipated this
IT
To many within the decentralized finance (DeFi) community, the phrase 'rug pull' is no stranger. In recent years, it has become synonymous with fraudulent activities where developers or insiders create a project, accumulate funds, and then suddenly withdraw or 'pull the rug,' leaving users with worthless
Finance
In recent news, illegal casino operators and bookmakers are using even more intricate schemes to entice citizens into participating in money laundering operations, going beyond the known traditional methods. Their strategies now include exploiting the "Tips" service, which is becoming a favored avenue for their clandestine operations. The
Finance
Historical data reveals that October has historically been a favorable month for Bitcoin, with the cryptocurrency closing the month in the red only twice, in 2014 and 2018. With the steady growth seen in September, many investors are now speculating whether this October will follow the usual bullish trend or