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Bitcoin
Tether’s Q3 Financial Disclosure Highlights $3.2B Surplus, $1.7B in Bitcoin Reserves
On Tuesday, Tether Holdings Ltd.’s financial statements for the third quarter of 2023 were validated by BDO, an internationally known independent public accounting firm. The firm gave an assurance opinion, revealing $3.2 billion in…
Onyx Protocol Suffers $2.1M Loss in Defi Breach, Fraction of Funds Redirected to Tornado Cash
Multiple sources have confirmed that Onyx Protocol, a decentralized finance (defi) platform, has been compromised in a security breach, resulting in a loss of $2.1 million. In the wake of this attack, a fraction of the stolen crypto assets,…
Judge Urges for SEC Decision on Planned Celsius Restart as Crypto Miner
America’s securities regulator has been urged to decide if it will approve a plan to transform Celsius Network into a bitcoin mining firm. The proposal seeks to repay customers of the bankrupt cryptocurrency lender with both crypto assets…
SEC Chair Gensler Wishes Bitcoin’s White Paper Happy Anniversary With Warning for Crypto Firms
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has wished Bitcoin’s white paper a happy anniversary. In addition to his playful remark about Bitcoin creator Satoshi Nakamoto dressing up in a Halloween costume, Gensler…
Bankman-Fried’s Lawyers Challenge Core of Fraud Case, Questioning Fiduciary Ties Under English Law
Lawyers for Sam Bankman-Fried are seeking to instruct the jury that no trust or fiduciary relationship existed between the crypto exchange and its customers, a key part of the prosecution’s fraud case.
Bankman-Fried’s Attorneys…
Terraform Labs and Do Kwon Challenge SEC, Seeking Dismissal of Multi-Billion Dollar Fraud Charges
In the latest legal maneuver, Terraform Labs and its former CEO Do Hyeong Kwon (Do Kwon) have submitted a comprehensive Motion for Summary Judgment, seeking an immediate dismissal of the fraud charges levied against them by the U.S.…
Bitcoin Saw 27% October Surge as Traders ‘Panic Bought’ Amid Bitcoin ETF Enthusiasm. Is…
The boredom ended in October as cryptocurrency prices zoomed higher, with the biggest of them all, bitcoin , posting the strongest monthly rally since January as investors were abuzz with optimism that bitcoin ETFs will soon get approved in…
Benk On Building A Global Financial ‘Super App’
PRESS RELEASE. Today, it’s exciting to announce the birth of Benk, a pivotal development within the decentralized economy. Benk introduces a secure and user-friendly monetary management system, along with investment prospects in…
Bankman-Fried’s Memory Fails Him in Court as Prosecution Delves Into Alameda’s Preferential…
Ex-FTX chief Sam Bankman-Fried returned to the witness stand Monday, fielding a barrage of inquiries from the federal prosecutor. The interrogation spanned the better part of the day, with Bankman-Fried often struggling to recollect…