Nigeria's SEC Says Binance Operations in Country Are ' ... - cyptoranking.com

2024-05-08

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Because Wang told the prosecution that “a round of lawyers at the company” may have presented the loans to him in either 2019 or 2020, the defense is asking the court’s permission to pursue this line of questioning. Cointelegraph has reached out to Tether to confirm the amount of USDT tokens that had been minted at the request of Alameda.Magazine: The truth behind Cuba’s Bitcoin revolution: An on-the-ground report Nigeria's SEC Says Binance Operations in Country Are ' ... Decentralization is one of the metaverse's distinguishing features. Traditional online platforms and games are frequently centralized, which means that the infrastructure and user data are controlled by a single firm. Decentralized virtual worlds, on the other hand, are built on blockchain technology and spread across a network of nodes, making them impervious to censorship and data manipulation.

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Responding to similar accusations by attorney Steven Nerayoff, TruthLabs contended Ethereum has become a hierarchical system controlled by a small cadre of developers, regulators, and investors operating against community interests. Digital fashion shown via Fabrix AR kiosks. Image: Fabrix Shining A Light On Crypto Market CapitalizationWhat are the Features of Ethereum? Changpeng Zhao, co-founder and chief executive officer of crypto exchange Binance, in a recent tweet on X – formerly X – told the Binance community members to anticipate a BNB burn in a few days. The upcoming burn will be the fourth this year, after a previous burn in July.

*This is not investment advice.Is Crypto Mining Dead? “We regret that such an incident has taken place,” said Sorokin on the latest incident. He added that 3Commas is improving its security to prevent or limit similar future incidents. Bitgert Price Soaring-Could Avorak AI be the Next Big ...Understanding DeFi Cryptoadz is a collection of NFTs designed as amphibious creatures. The creatures are set in the storyline of a community seeking to regain power from an invader who took over their territory. Users can participate in the Cryptoadz minting process embedded into the project’s storyline. Cryptoadz had an estimated market cap of 189,169.87 ETH at the time of writing, with a floor price of 0.5TH. Cryptoadz is an Ethereum-based NFT project.

The second week of the criminal trial for former FTX exchange CEO Sam “SBF” Bankman-Fried continues on Oct. 10, with all eyes on the testimony from key witness Caroline Ellison. Ellison is a former romantic partner of SBF and the former CEO of the FTX-affiliated hedge fund Alameda Research, which also filed for Chapter 11 bankruptcy in November 2022. The former Alameda CEO had lived with Bankman-Fried, along with other FTX executives, in the Bahamas for a period of time. Given Ellison’s former positions, she was a part of Bankman-Fried’s inner circle. In her testimony, prosecutors and the presiding judge over the case, Lewis Kaplan, expect her to provide details regarding the shuffling of customer funds between FTX and Alameda Research. The main focus of the trial thus far has been the alleged fraudulent use of customer funds to repay FTX debtors. Particularly anticipated will be Ellison’s commentary on a meeting in November 2022, during which she admitted to employees of Alameda that Bankman-Fried had given her the go-ahead to use funds for the purposes mentioned above. Related: FTX used Python code to fake its insurance fund figure — Gary WangIn December 2022, Ellison and former FTX chief technology officer Gary Wang pleaded guilty to their alleged roles in the fraud that led to the collapse of the exchange. Shortly after both pleaded guilty, on Dec. 22, they were hit with additional fraud charges by the United States Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission (CFTC). The SEC alleged that Ellison furthered the fraud scheme by manipulating the FTX Token (FTT) price.Ellison then agreed to a plea deal with the Office of the U.S. Attorney for the Southern District of New York, which meant full disclosure of information and documents demanded by prosecutors during the trial. In exchange, Ellison was able to evade all major charges against her, including a potential 110-year prison sentence. Shortly after, she revealed that she had been aware of FTX customer funds being used, saying that Alameda had access to a “borrowing facility” through FTX from 2019 to 2022.The U.S. Department of Justice said that Ellison’s personal memos, which include diary entries, will most likely be used as evidence against Bankman-Fried. SBF faces charges of seven counts of conspiracy and fraud tied to the collapse of FTX, to which he has pleaded not guilty.Cointelegraph reporters are on the ground in New York covering the trial. As the saga unfolds, check here for the latest updates.Magazine: SBF trial underway, Mashinsky trial set, Binance’s market share shrinks: Hodler’s Digest, Oct. 1–7War, CPI and $28K BTC price — 5 things to know in Bitcoin this week If Bitcoin bulls can surmount the initial sell-wall at $29,300, the BTC price rally could hit $30,000. Final Phase of Uncleared Margin Rules Goes LiveThe perpetrator of one of the largest exploits in crypto history is swapping hundreds of millions in ether for bitcoin. Why? DEXTools Logo / Source: AdobeA risk-off tone to macro trading conditions on Monday amid jitters regarding the escalating Israel/Palestine is weighing on crypto prices.Bitcoin (BTC) was last down just over 1% in the mid-$27,000s, while Ether (ETH) was last down over 3% at $1,580.Ether is also suffering following an unexpected sale of $2.7 million worth of the token by the Ethereum Foundation on decentralized exchange Uniswap.ETH has now fallen decisively back from its 21 and 50DMAs and also snapped an uptrend that had been in play since early September, suggesting its near-term technical outlook has taken a turn for the worse.Bears will be watching for a potential break below support in the $1,550 area.Bitcoin, meanwhile, remains in its recent uptrend, keeping alive the prospect of a sustained move above $28,000 in the weeks ahead.The macro focus will shift from geopolitics to the US economy once again on Wednesday and Thursday, when US PPI and CPI inflation data is scheduled for release.US yields have been pulling lower on Monday amid a safe-haven bid, but hot inflation data could send them back towards multi-decade highs, which could be a headwind for crypto.With risks to the near-term outlook for blue chip cryptocurrencies high, traders will continue to turn to the highly illiquid shitcoin/meme coin market in the hunt for profitable short-term investment opportunities.Here are some of the best-performing low-cap coins on Monday, as per DEXTools.Versus ($VS)A shitcoin called Versus ($VS) that was launched in late September has been pumping on Monday and was last up over 200% as per DEXTools.Its market cap was last around $430,000 amid 24 hour trading volumes of around $140,000, over 200 holders and over $140,000 in locked liquidity.The token has seven concerning aspects to it, as per DEXTools’ security audit, including a hefty 5% buy tax and 6.41% sell tax.With this tax modifiable, investors should exercise great caution investing in this shitcoin, as it could easily turn out to be a scam.Only Possible On Ethereum ($OPOE)A shitcoin that was stealth launched as a meme coin in early October called Only Possible On Ethereum ($OPOE), which claims to be building a multi-chain bridge, has been pumping recently and was last up around 40% in the last 24 hours, as per DEXTools.The token last had a market cap of around $5.3 milllion, 24-hour trading volumes of around $240,000, close to 1,000 holders and around $240,000 in locked liquidity.$OPOE has six concerning aspects to its token contract, according to DEXTools’ security audit, so investors should be careful when buying the token.Qlindo Realestate ($QLINDO)A token called $QLINDO that claims to be “the green real estate token” has been pumping on Monday and was last up by around 40% in the last 24 hours, as per DEXTools.The token last had a market cap of around $22.55 million, with over 10,500 holders.But the recent rally has only been driven by around $15,000 in 24-hour trading volumes, suggesting it lacks conviction and could easily reverse.The token has fairly shallow liquidity compared to its market cap of only just over $100,000, suggesting it could remain volatile.The token has no concerning aspects to its token contract as per DEXTools’ security audit, and it has a 100% upvote rating according to DEXTools’ community trust score.Crypto Alternatives to ConsiderShitcoins are very risky, given most have no real value proposition.For those looking for an even better probability of near-term gains, an alternative high-risk-high-reward investment strategy to consider is getting involved in crypto presales.This is where investors buy the tokens of up-start crypto projects to help fund their development.These tokens are nearly always sold cheaply, and there is a long history of presales delivering huge exponential gains to early investors.Many of these projects have fantastic teams behind them and a great vision to deliver a revolutionary crypto application/platform.If an investor can identify such projects, the risk/reward of their presale investment is very good.The team at Cryptonews spends a lot of time combing through presale projects to help investors out.Here is a list of 15 of what the project deems as the best crypto presales of 2023.See the 15 CryptocurrenciesDisclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.Crypto Exchange Listing and Delisting Announcements: October 9, 2023

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