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2024-05-03

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Frax’s sFrax seems similar in motivation to MakerDAO’s DAI Savings Rate (DSR), a bear market success story that has helped Maker increase its revenue for five straight months by giving DAI holders exposure to Treasury yields, per DeFiLlama. Despite facing sanctions from the U.S. Treasury in August 2022, Tornado Cash continues to dominate as the premier crypto mixer on the Ethereum network. Bitcoin Price Today: BTC to USD Live Price ChartAxos held assets for Donald Trump, who committed fraud in New York. A federal judge revoked all of his business licenses in the state. The SEC is not making new policy when it comes to digital assets and is instead enforcing the existing law, NASAA argued in its brief.

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According to a statement from Teneo, Davis is also committed to four months in prison, but his whereabouts are currently unknown.Coinbase's international exchange opens futures to retail “Running this protocol inside of a Lightning channel is going to be the real power play personally.” The Top 5 Safest Cryptocurrency ExchangesScammers impersonating crypto exchange Binance have been stealing digital assets from victims targeted in Hong Kong. Crypto scams have been ramping up in the region as it aims to become a digital finance hub. For instance, a smart contract is usually described as a self-executing contract, and the terms of the agreement between buyer and seller are usually written into the codes. So the contract is not executed by any person, but, in fact, the code written in the contract decides on the execution. Moreover, the smart contract also ensures that the transactions are trackable and that it will be almost impossible to reverse them.

He further opined that a hawkish stance by the Federal Reserve on interest rates could usher the American economy into the cold arms of recession. Illuvium (ILV): An Emerging GameFi Token Bitcoin for Beginners: Simple Tips to Get Started With CryptoAfter weeks of declining prices, Shiba Inu holders are now bracing for major sell-action. Investors moved 1 trillion SHIB tokens into crypto exchanges this week, according to on-chain data compiled by CryptoQuant. I figured out why Elon wants to get rid of the interaction buttons. He's going to make it impossible to report or reply to 'premium' ads or put community notes on them and doesn't want to make it visibly obvious in your feed or you'll learn to ignore them.

At the time of publication, CHZ’s price is $0.056. Crypto Prices Sag But Bitcoin Minetrix Raises $820,000 for Secure Bitcoin Cloud Mining, While Risky Competitor Coin Fails DEXTools Audit Is KuCoin legal in UK?The team members are undecided about the aspects they’ll double down on for the grand finale in Hong Kong. However, their ultimate vision seems to be building something that expands beyond a single hackathon. Wang said, “We aspire for our project to revolutionize the Web3 payment landscape by bridging the gap between traditional payment methods and Web3 functionalities.” Source: a video screenshot, ABC News / YouTubeAs the trial of Sam Bankman-Fried enters its second week, his lawyers are seeking to question FTX co-founder Gary Wang about his reliance on legal advice regarding loans from Alameda Research. In a legal filing made late Monday night, Bankman-Fried's defense team requested permission from the judge to explore Wang's understanding of these loans, which were used for venture investments and personal expenses, including purchasing a house in the Bahamas.The defense argues that Wang's belief that these were legitimate loans, structured by lawyers and documented in formal promissory notes, is essential in countering the prosecution's claim that the loans were merely a ruse orchestrated by Bankman-Fried to conceal the origin of the funds. The filing highlights Wang's statement that he trusted the lawyers involved and didn't believe they would advise him to engage in any illegal activities.The relationship between FTX and its hedge fund arm, Alameda Research, has become a focal point in the criminal case against Bankman-Fried. Prosecutors allege that he misused funds transferred to Alameda as his personal finances. Bankman-Fried has pleaded not guilty to the fraud charges, and his defense team contends that the involvement of company counsel in the loan arrangements suggests his lack of awareness regarding any impropriety. However, Judge Lewis Kaplan has ruled that discussions about legal advice could confuse or bias the jury and therefore cannot be included in the defense's opening statement.Wang to Conclude Testimony on TuesdayWang is expected to conclude his testimony on Tuesday, after which Caroline Ellison, the former head of Alameda Research and Bankman-Fried's former girlfriend, will take the stand. Both Wang and Ellison have pleaded guilty and are cooperating with investigators.Last week, Wang testified in court, admitting that he and former FTX boss Sam Bankman-Fried committed wire fraud. He revealed to the jury that he and Bankman-Fried engaged in financial crimes and deceitful practices that ultimately led to the collapse of the cryptocurrency trading platform.As the chief technical officer at FTX and a co-owner of Alameda Research, a cryptocurrency hedge fund founded by Wang and Bankman-Fried in 2017, Wang confessed to committing wire, securities, and commodities fraud. He disclosed that the duo illegally withdrew a staggering $8 billion from FTX funds through Alameda Research. Wang further claimed that Bankman-Fried directed these illicit actions.As reported, Daniel C. Silva, former assistant US attorney and shareholder at law firm Buchalter, believes that Bankman-Fried's defense might be setting the stage for a potential appeal if the disgraced crypto boss is found guilty. By focusing on minutiae, the defense could argue that they were deprived of sufficient time and opportunity to prepare an adequate defense, potentially calling into question the fairness of the trial."One of the things [the defense] may be doing is suggesting, ‘This thing moved at light-speed and we were not given a full opportunity to prepare for trial,'" Silva said. "'We need to ensure that we fully understand what every witness is saying because we didn't have an adequate opportunity to prepare [...] an adequate defense as required by the U.S. Constitution.'"Shiba Inu Price Prediction as SHIB Could Skyrocket to $0.00003000 – Will History Repeat Itself with an 822% October Surge?

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