Recently revealed court records show that Alvarez & Marsal, financial advisors involved in the bankruptcy proceedings of FTX, have shared customer data, including transaction records, with law enforcement agencies amid ongoing investigations.
Billing records from Alvarez & Marsal, the appoin...
Perpetual futures are a unique derivative product in the crypto market. Unlike traditional futures contracts, which have a set expiration date, perpetual futures have no expiration and aim to mimic spot market prices. They achieve this through a mechanism known as the funding rate, which ensures tha...
News
03 Nov 2023
Abu Dhabi institutes comprehensive regulatory framework for Digital Ledger Technology
The Registration Authority (RA) of Abu Dhabi Global Market (ADGM) released tailor-made rules for the crypto industry called the Distributed Ledger Technology (DLT) Foundations Regulations 2023 on Nov. 2, according to a press release.
The new rules aim to provide the crypto industry with much-needed ...
The U.S. Department of Justice announced the seizure of 30,000 Ether (ETH), valued at $54 million, that had been linked to illegal narcotics distribution in New Jersey, according to a Nov. 2 statement.
The assets in question were traced back to Christopher Castelluzo, who conducted narco...
News
03 Nov 2023
Federal Reserve issues cease and desist letter to Bitcoin Magazine alleging IP infringement
The Federal Reserve Bank of Chicago has issued a cease and desist letter to Bitcoin Magazine, alleging it to have used a trademarked term IP — 'FEDNOW' — without its consent.
According to the letter, dated Oct. 27, 2023, the Federal Reserve confronted Bitcoin Magazine regarding its merchandise beari...
News
03 Nov 2023
Gaming corners 62% of active wallets in ‘Uptober’ as DappRadar reveals wall of bullish metrics
Web3 has shown signs of resurgence in this 'Uptober,' according to DappRadar's latest industry report, suggesting the dApp market may have finally found its footing after a long bearish trend. The analysis points towards a potentially imminent bull run, as crucial metrics have either stabilized or r...
As the digital world rapidly evolves, industry leaders and innovators are convening in Portugal's capital for Newconomics 2023, an influential conference that is dedicated to dissecting the future of Web3 technology and its intersection with global economics.
Set in the historic LX Factory in Lisbon...
News
03 Nov 2023
Block reports $2.43 billion in Bitcoin revenue since July from $63 billion total Cash App inflows
Block, the digital payments company formerly known as Square, reported higher revenue and profit in the third quarter as growth in its Cash App and Square ecosystems offset macroeconomic challenges.
The San Francisco-based company said late Thursday, Nov. 2, that its total net revenue rose 24% to $5...
The U.S. Securities and Exchange Commission (SEC) wants the court to issue a summary judgment in its case against Terraform Labs and its co-founder, Do Kwon.
In a court filing dated Nov. 2, the SEC contended that the defendants' violations were abundantly clear and undisputed, obviating the necessit...
Sam Bankman-Fried's (SBF) trial in New York under Judge Kaplan has ended with the jury finding him guilty of all charges brought against him.
The news has created a buzz within the crypto community, generating several reactions from major stakeholders within the industry.
CryptoSlate has curated som...
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