The trial against FTX co-founder Sam Bankman-Fried has taken an intriguing turn with the testimony of Zac Prince, the former CEO of the now-defunct crypto lending platform BlockFi. Prince’s appearance in a Manhattan federal courtroom has provided valuable insights into the intricate relationship between BlockFi, FTX, and Alameda Research. This article will delve into Prince’s
The U.S. Internal Revenue Service (IRS) has recently proposed a rule aimed at defining cryptocurrency brokers and establishing clear tax payment procedures for them and their clients. The goal behind this proposal is to enhance transparency in the cryptocurrency industry and generate more tax revenue. While the IRS advocates for fair treatment of cryptocurrencies and
In an exciting development, ByBit exchange launched Wall Street Memes ($WSM) perpetual futures trading on Thursday, which led to a significant surge in price. This newest meme coin witnessed a staggering 19% increase on the ByBit $WSM/USDT perps market, riding on the wave of traders flocking to the platform. The price rose to $0.0394 after
In the world of cryptocurrency, recent activity by crypto whales has caught the attention of many. These large-scale investors have discreetly participated in the presale of Launchpad XYZ, a promising startup that specializes in AI trading within the cryptocurrency sphere. With a platform launch set for 2023, Launchpad XYZ has already raised an impressive $1.88
In a recent development, a trader on Aave, a decentralized liquidity protocol operating on multiple platforms, has taken the step of selling wrapped Bitcoin (WBTC) to repay outstanding debt. This move has caught attention as it sheds light on the dynamics of the decentralized finance (DeFi) space. Let’s delve into the details. According to Lookonchain
In a significant turn of events, the U.S. Securities and Exchange Commission (SEC) has made the decision not to appeal a recent court ruling that deemed the rejection of Grayscale Investments’ application for a spot bitcoin exchange-traded fund (ETF) unjust. This move by the SEC could potentially expedite the review process for Grayscale’s application, which
Crypto investment firm Paradigm has recently filed an amicus brief in support of Binance’s move to dismiss the U.S. Securities and Exchange Commission (SEC) lawsuit against it. This move by Paradigm showcases the growing concern within the crypto industry about the potential regulatory overreach by the SEC and its impact on the development of crypto
The cryptocurrency industry is facing a shocking scandal as revelations emerge about the alleged bribery activities of Sam Bankman-Fried, the founder of FTX. In recently disclosed testimony from Caroline Ellison, co-founder of FTX-linked hedge fund Alameda Research, it was claimed that Bankman-Fried paid a staggering $150 million in bribes to Chinese government officials in 2021.
As the Bitcoin community eagerly awaits the next halving event in April 2024, blockchain analysts have turned their attention to yPredict, a promising AI trading platform currently in the final stages of its crypto presale. This article explores the potential of yPredict and its unique features that differentiate it from other platforms in the market.
It’s no secret that the crypto community is no stranger to scams and impersonations. Eleanor Terrett, a well-known Fox Business producer, has found herself at the center of this issue as she gains recognition in the crypto space. With more followers comes the unwanted attention of social media impersonators. Terrett has had to constantly remind