Avraham Eisenberg, the accused individual who allegedly exploited Mango Markets, is facing a significant delay in his trial. Initially scheduled for December 4, 2023, the trial has been rescheduled to April 8, 2024, as per court documents. Eisenberg’s legal team sought the postponement after their client was unexpectedly transferred from a New Jersey prison to
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In recent weeks, Ethereum (ETH) has been attracting significant attention from investors as its price edges closer to the $1900 region. Like many other assets in the market, ETH has experienced a notable surge, with a 5.85% increase in the last seven days alone. Over the past four weeks, its price has risen by an
With the founder of FTX, Sam Bankman-Fried, facing the possibility of a long prison sentence, there is growing concern about the fate of his former colleagues and co-defendants. Nishad Singh, FTX’s director of engineering, Gary Wang, the exchange’s chief technical officer, and Caroline Ellison, former CEO of FTX sister trading firm Alameda Research, have all
Bitcoin, the world’s leading cryptocurrency, has been undergoing a consolidation phase under the $35,000 support level. Despite this temporary setback, a significant number of Bitcoin holders remain steadfast in their belief in the digital asset’s potential. Onchain data reveals that a record-breaking 88.5% of Bitcoin has remained unmoved for the past three months. This article
The U.S. Supreme Court has recently made an announcement that it will be reviewing a highly contentious case involving cryptocurrency exchange platform Coinbase. The issue at hand revolves around a dispute between Coinbase and its users over a Dogecoin sweepstakes. Central to the case is Coinbase’s attempt to shift the dispute from the public court
SafeMoon, a decentralized finance (DeFi) protocol, recently released an official statement regarding ongoing litigation with the United States Securities and Exchange Commission (SEC). In this article, we will analyze the implications of the SEC charges and the potential impact they may have on the platform. SafeMoon acknowledged the seriousness of the SEC charges and expressed
The U.S. Department of the Treasury and its Office of Foreign Assets Control (OFAC) have imposed sanctions on a Russian businesswoman, Ekaterina Zhdanova, for her involvement in money laundering and illicit fund movements facilitated by virtual currencies. These sanctions shed light on the increasing use of cryptocurrencies in cross-border transactions and their potential risks in
In recent news, meme coin markets have experienced a 4.53% rise in volume, signaling a bounce back. Among these meme coins, Sponge token has caught the attention of investors with its new staking mechanism, leading to a bullish posturing in its price chart. This surge in interest can be attributed to the undervalued proposition of
Polygon (MATIC), an impressive Layer 2 (L2) blockchain network, achieved remarkable growth in the third quarter of 2023. During this period, the platform experienced a significant increase in non-fungible token (NFT) sales, successful network upgrades, and the activation of a new token. In Q3 2023, Polygon witnessed an astonishing 131% quarter-on-quarter increase in weekly NFT
Coinbase, the renowned cryptocurrency exchange platform, has recently released its shareholder letter for the third quarter of 2023, revealing key financial figures and updates. The report highlights various aspects, including revenue, net revenue, trading volumes, and advancements in Coinbase’s three-pillar strategy. However, despite Coinbase’s achievements, there are areas that warrant critical analysis and consideration. Coinbase