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JPEX has begun to restrict withdrawals by converting user balances to a non-withdrawable cryptocurrency, according to reporting from The South China Morning Post on Oct. 4.
The publication referenced statements from an unidentified user who claimed that her Tether (USDT) holdings along with those of...
The Bank for International Settlements (BIS), in partnership with central banks within the Eurosystem, has announced the launch of Project Atlas, a proof of concept aimed at exploring the economic impact of crypto assets and decentralized finance.
Project Atlas, a combined effort of the BIS Innovati...
On Oct. 4, the U.S. Securities and Exchange Commission (SEC) submitted a court filing opposing Coinbase's attempts to dismiss a suit filed by SEC, which alleges that the crypto exchange has violated multiple securities laws.
Coinbase first attempted to have the regulator's charges thrown out in Augu...
Jayanti Kanani, one of the pioneering figures behind Polygon (MATIC), announced his exit from the day-to-day operations of the company. Announcing his departure on X (formerly Twitter):
"After kickstarting Polygon in 2017, around 6 months back, I decided to step back from the day-to-day grind…...
News
04 out 2023
SBF Trial: Jury selection concludes despite impartiality challenges, with one potential juror having already ‘reached verdict’
Jury selection for the criminal trial of former FTX CEO Sam Bankman-Fried was completed on the morning of Oct. 4 with opening arguments set for later in the day.
New York independent news outlet Inner City Press reported from inside the courtroom that 12 jurors and six alternates had been agreed upo...
News
04 out 2023
Mastering Volatility with Bitfinex: How This Resilient Crypto Exchange Gives Traders the Edge in the Crypto Market
Understanding volatility in the crypto market
The world of cryptocurrencies is known for its volatility, with prices fluctuating wildly within short periods. For traders, the ability to navigate and even capitalize on this is crucial to success. Understanding volatility in the crypto market is the f...
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04 out 2023
FTX creditors hope Google’s potential $2B investment in Anthropic will boost recovery prospects
The FTX 2.0 Coalition, a group comprised of FTX creditors, said Google's potential $2 billion investment in artificial intelligence firm Anthropic could help the exchange's defunct users become whole.
In an Oct. 4 post on X (formerly Twitter), the group highlighted that if Anthropic's valuation were...
Bitcoin’s climb past the $27,000 mark this week, after a prolonged period of hovering around $26,000 throughout September, has triggered a significant market response.
Previous CryptoSlate analysis of the futures market found a marked decrease in derivatives trading. This trend signaled a waning int...
A $35 million villa in Singapore owned by Su Zhu, the co-founder of failed crypto hedge fund Three Arrows Capital (3AC), has reportedly been converted into a farm, local media Business Times reported.
According to the report, the Yarwood Avenue property has been repurposed into an urban ecological f...
News
04 out 2023
SBF Trial: Bankman-Fried cannot rely on US unclear crypto regulatory regime in trial, DOJ says
The U.S. Department of Justice (DOJ) has argued that FTX founder Sam Bankman-Fried cannot rely on the country's lack of clear regulatory frameworks for the emerging industry in his defense.
In an Oct. 4 letter to Judge Kaplan, the DOJ wrote that there are prohibitions on misappropriation of customer...
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