Explainer: Why crypto has come under India's anti-money laundering law - cyptoranking.com

2024-05-12

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The Paris Saint-Germain Fan Token (PSG) experienced a significant price dip in the past day, dropping from a peak of $3.04 to a monthly low of $2.98 before finding support. However, if this decline persists and breaks the $2.98 level, the support levels to watch are the $2.92 and $2.86 thresholds. Although these assets have seen a lot of increase in their network activities, the crypto analyst warns that “It appears that 4 out of these 6 highlighted projects are likely getting hot network activity BECAUSE of the price pump. For the other 2, there are no guarantees that a pump is around the corner.” Explainer: Why crypto has come under India's anti-money laundering law🐳🦈 #XRPLedger is seeing less whale activity this year compared to 2021 & 2022. However, this hasn't stopped the key shark & whale addresses from accumulating more of the supply. Wallets with 100K-100M $XRP hold $7.89B in coins vs. $7.16B a year ago. https://t.co/NMnrTCTMUw pic.twitter.com/DSShcoFa8G— Santiment (@santimentfeed) October 9, 2023 Tuner/Mechanic: These are the masters of creating specialized car setups for specific driving needs.

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Blockchain data flagged by Coinbase director Conor Grogan indicates that Alameda Research redeemed over $38 billion for Tether (USDT) tokens in 2021 despite not having the equivalent assets under management.Onchain data shows that Alameda was responsible for minting $39.55B of USDT, a number that is 47% of Tether's circulating supply todayA previous report by Protoss estimated the number at around $36.7B; I was able to update these figures with additional wallets I found pic.twitter.com/fYBvGAYlFd— Conor (@jconorgrogan) October 9, 2023 See similar article: AI, Asia and analytics — an interview with Nansen’s Alex Svanevik Virtual Currency for saleSource; Getty ImagesDaniel C. Silva, former assistant US attorney and shareholder at law firm Buchalter, believes that Sam 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.'"Meanwhile, the defense's use of cross-examination to confirm facts and details of the prosecution's witnesses' testimony has drawn criticism from Judge Lewis Kaplan, who believes it is an inappropriate use of court time. With Bankman-Fried's trial expected to last six weeks, concerns arise about the trial's efficiency and the potential impact on the jury's attention.Legal experts weigh in on the situation, highlighting the need for Bankman-Fried's defense team to use their cross-examination time effectively. Judge Kaplan Interrupts Bankman-Fried's Lawyer For Repititive QuestioningDuring the cross-examination of FTX co-founder and former CTO Gary Wang, Bankman-Fried's lawyer, Christian Everdell, faced interruptions from Judge Kaplan when he persisted with repetitive questioning. Silva noted that while cross-examination is an opportunity for the defense to score points with the jury, employing a strategy of "death by 1,000 cuts" may not be effective. Judge Kaplan is likely to rein in the defense if he believes their questioning is not making meaningful points or if it wastes the jury's time.Prosecutors, acknowledging the slower-than-expected progress of the case, adjusted their witness lineup. Caroline Ellison, a key witness who had a previous relationship with Bankman-Fried and has pleaded guilty to crimes related to Alameda and FTX, will now be called upon after Wang. This change is intended to streamline the case and take advantage of the jurors' fresh memory of testimonies, according to legal experts.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.Layer 2 Networks Account For Nearly Two-Thirds of Ethereum Transactions: Report The funding round was led by Galileo and saw participation from Lemniscap, Dialectic, Robot Ventures, GSR, Chorus One, Dorahacks, and Reverie, just to name a few.

The announcement of the glitch brought apparent frustration as users came on the Bitstamp X timeline to vent. Though unsubstantiated, some users noted that Dogecoin (DOGE) trading pairs were having issues. Deriving value from an underlying asset — rather than spot trading the asset itself — allows for a broader variety of financial mechanisms, such as leverage trading and futures. It also happens to create much greater technical demands on platforms that aspire to provide the service at the high volume and speed that clients demand. Buy Ethereum Australia-Safe,Easy,FastHigher in August but Still Lower YoY Web3 gaming, a sector frequently criticized for being overrun by “whales” focused more on quick profits than sustainable growth, often comes under fire for its lackluster game design, subpar graphics, and questionable user experiences.

The bank also gave a significant margin loan to B. Riley Financial’s Brandon Riley, who put up 60% of his shares in B. Riley Financial as collateral. The legal struggle between the SEC and Ripple Labs, the firm behind the cryptocurrency XRP, has been one of the most carefully followed cases in the cryptocurrency and blockchain world. The SEC's case, filed in December 2020, claims that Ripple sold XRP coins in an unregistered securities sale. Ripple has categorically refuted these charges, and the matter has seen major legal and regulatory developments. Is Cryptocurrency Anonymous?“Gamers no longer have to screen cap their accomplishments — they can prove them mathematically,” the post read. Regardless, Lubin has played a foundational role in the crypto industry, leading or bankrolling some of the most well-known on-chain products. He said he sees developers increasingly incorporating artificial intelligence into those products, with blockchain too playing a growing role in AI as the nascent sector progresses.

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