38% of Investors Have Lost More in Crypto Than Made It - cyptoranking.com

2024-04-28

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“Defendants operate a cryptocurrency platform called “Trader Joe” and use the domain name traderjoexyz.com,” the filing read. “Defendants named the platform “after the supermarket”—none other than Trader Joe’s—and developed a narrative around a fictionalized “Trader Joe” who sells his crops in the local marketplace, further evoking Trader Joe’s business and brand.” “The underlying mission is to bring the idea that decentralized trading is good for everyone to NFTs,” Mosites said. “Centralized venues over the years have grappled with multiple issues, whether its hacks or mismanagement—you run the same risk with NFT platforms.” 38% of Investors Have Lost More in Crypto Than Made ItSpeaking to Blockworks on the Lightspeed podcast (Spotify/Apple), Faizullabhoy says the startup aims to address core issues that stand in the way of wider Web3 adoption. The first daunting challenge encountered by clients is the onboarding process, which “feels clunky and often unsafe,” he says. “It’s hard to get onto Web3.” Source: @carolinecapital / TwitterSam Bankman-Fried’s defense team is preparing to question Caroline Ellison, the former CEO of Alameda Research, over FTX’s investment in AnthropicAI.The line of questioning would also center around the extent to which Ellison relied on legal counsel when making pivotal decisions during her tenure as the head of Alameda Research, a crypto hedge fund closely linked to SBF's now-bankrupt FTX crypto exchange.Ellison, a central figure in the criminal fraud case against SBF and his former romantic partner, took the witness stand on Tuesday. During her testimony, she asserted that her advice regarding FTX's investment portfolio had been disregarded. In response, SBF's legal team is seeking permission from the court to delve into these allegations further.Defense Seeks to Establish SBF Followed Council’s AdviceTwo critical motions were filed by SBF’s legal team following Ellison's initial testimony. The first motion seeks to address the matter of "advice-of-counsel," a topic Judge Lewis Kaplan had previously highlighted for advance notification should the defense wish to explore it. The defense is keen to probe Ellison's understanding of the role played by lawyers associated with FTX and Alameda in formulating corporate policies, including the activation of auto-deletion features on the messaging platform Signal.The Department of Justice (DOJ) had previously urged the court to block SBF's defense from broaching the current valuation of FTX's investments, arguing that it was irrelevant to the core question of whether Bankman-Fried had misappropriated FTX customer funds for personal use. SBF’s Lawyers Request to Bring Up Anthropic Investment As reported earlier, the recent fundraising initiatives announced by the artificial intelligence firm, Anthropic AI, raised hopes that FTX creditors may witness more substantial returns if the insolvent exchange liquidates its stake in the AI company.In their second motion, SBF's legal team contends that the news concerning Anthropic AI is "crucial context" for evaluating FTX's expected value analysis. They aim to pose broader questions concerning FTX's investment portfolio in light of this development.At the conclusion of the court session, Judge Lewis Kaplan engaged in a dialogue with the attorneys regarding the appropriateness of raising these issues during the trial. Ellison also holds a personal stake in Anthropic AI, a fact disclosed by a U.S. attorney after the jury exited the courtroom. The prosecutor, Danielle Sassoon, expressed reservations about the permissibility of this line of questioning but indicated a willingness to explore it if the court deemed it relevant.Crypto Market Capitalization Rose 46% in H1 2023 But Still Down 48.5% From 2021 Close: KOFIU Report

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In the FBI’s April 2022 report, there are five important actions that investors need to remember to avoid getting caught in a pig butchering scam. The U.S. agency writes: As revealed by Bitcoin Magazine, an unknown "Project Spartacus" has formed in an attempt to immortalize on bitcoin the classified information that the U.S. government has long alleged Julian Assange illegally provided to journalists in the infamous Afghan War Diary. Avorak likely better profit than buying Dogecoin on eToroWith an expansive distribution network that reaches over 600,000,000 households worldwide, the show has already captured the attention of viewers through its initial episodes on DistroTV and BeSpokeTV. However, the grand spectacle is yet to unfold, as the show is set to launch on October 2nd, featuring major distribution on platforms like PrimeVideo, DirectTV, InsightTV, and more, spanning 52 countries and available in 12 languages. The competition is fierce, with 16 teams competing for the coveted title and a grand prize of $150,000. But, in the crypto world, only one can emerge as “The Next Crypto Gem.” The BNB Chain Airdrop Marathon, set to span two months, promises weekly excitement with new airdrop activities commencing every Tuesday. During each weekly event, one to three projects will participate, generously offering tokens as rewards, either as fixed allocations or based on total issuance.

Additionally, the defense maintained that there was no fraudulent intent back when FTX orchestrated those alleged actions. They argued that looking back at those decisions now would make them appear questionable, but at the time, they made sense. Fong pointed out that the claims of SBF’s defense team were challenging to convey to the jury. ➡️ Join the journey now: https://t.co/o8W50NyxsP U.S. SEC targets crypto 'staking' with Kraken crackdownhttps://x.com/BitcoinPierre/status/1672304412591620096?s=20 Among the 29 companies that have entered web3, 75.9% have chosen indirect approaches, focusing on investments or infrastructure development in the blockchain gaming sector. For instance, Microsoft has strategically invested in WeMade, while Tencent and Unity Software concentrate on building essential blockchain gaming infrastructure.

STORJ Whale Exchange Outflows | Source: Lookonchain/X Wang managed to send Kumanan Ramanathan, an adviser to FTX from legal consultancy Alvarez & Marsall, some $500 million to a wallet on Ramanathan’s Ledger Nano, a hardware wallet. The draining of FTX funds stopped after this transfer. Bitcoin ATM Istanbul TurkeyMoreover, Szabo’s proposals are still considered one of the earliest attempts in the crypto world. Wait “proposals, plural?” Yup, that’s true. Have you ever heard about Bit Gold? Bit Gold was considered the first virtual currency proposed by our very own Nick Szabo in 1998. No wonder some mistook him as Satoshi Nakamoto. The plaintiff additionally alleged that the crypto platform’s use of the “Trader Joe” branding is enabling them to derive commercial benefits from the well-known trademark and broader reputation of the grocery chain.

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