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2024-04-28

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Van de Poppe suggests that if Bitcoin rises above $28,000, the path to $35,000-40,000 can be opened. The analyst argues that a bull rally may begin in this scenario. Technical Levels CryptoAltum|Crypto Trading with the Lowest FeesSource: 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? Tornado Cash is famous for its popularity among scammers seeking to wash their funds. In August 2023, the United States Office of Foreign Assets Control (OFAC) even announced sanctions against the crypto mixer for its alleged role in laundering crime proceeds. However, these sanctions couldn’t completely cut off the mixer’s usage.

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Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build together.Kalima Blockchain is launching a Developer Airdrop in order to accelerate the already rapid growth of its ecosystem, by particularly targeting its developer community. Participants will be asked to create practical decentralized applications (dApps) hosted on the Kalima Blockchain for a chance to win rewards in Kalima’s native coin, the KLX.The developer reward token pool for the Developer Airdrop is 400 million KLX, worth €100 000. The tokens will be allocated proportionally based on the achievements of the top five (5) top participants. 1st place : €35 000 KLX2nd place : €25 000 KLX3rd place : €20 000 KLX4th place : €10 000 KLX5th place : €10 000 KLXTo participate in the Kalima developer Airdrop, participants must first fill out the registration form, which is available on the Kalima website at www.kalima.io. They will then receive all the instructions and steps to follow to participate to the competition via e-mail.All the steps for the participation of the airdrop are detailed in this article, on the Medium page of Kalima. Kalima’s Social Media pages and communication channels will be giving the updates on the competition during and prior to it, so it is important to follow Kalima online and keep track of the updates.This event comes about as Kalima prepares the listing of its native token, the KLX, on the BitMart Exchange on February 2nd 2023.Participating in the inaugural Kalima Developer AirdropThe prize aggregation makes participation worthwhile. Even though the winner has an excellent incentive, others coming in close will also be fairly rewarded for their efforts. Developers will be required to build software applications and decentralized applications (dApps) on the Kalima blockchain and test them for performance for a chance to claim the prize.These protocols must be consistent with the overall goals of the Developer Airdrop. Developers will be able to build embedded blockchain projects or multichain projects using Kalima as the second layer for Tezos or the Lightning Network. Builders can, for example, create smart rewarding systems for indoor air quality or systems aligned with sustainability practices such as carbon measurement, tracking, and credentialing.Participants may choose from the following topics to base their projects:Embedded blockchain projectMultichain using Kalima as second layer for Tezos or Lightning NetworkGamingMicro PaymentsSmart rewarding systems (e.g., Indoor air quality Smart Rewarding)Auditable Data (i.e., carbon tracking)Physical NFTsBuilding the Kalima Blockchain CommunityAs a low-cost, high-speed, and scalable rival to other Enterprise Blockchain projects, Kalima provides unmatched modularity and independence in the race to become the ultimate Blockchain for IoT (BIoT) network. Both beginners and developers with smart contract experience benefit from its high degree of composability, as the Kalima API is available in many programming languages.Whether it is for businesses as a whole, or for builders wanting to benefit from the Kalima Network, building dApps and on the ecosystem will be a natural process, which will be supported by the Kalima foundation. Kalima has a close support system available for enterprise adopting Kalima Blockchain, with a formation time and program that has been proved to be one of the most efficient in the industry.Furthermore, throughout the years the Kalima foundation will host a number of hackathons and developer airdrops to assist developers in honing their skills, starting with the inaugural Kalima Developer Airdrop. These may take place online, or physically in one of the three regions Kalima is operating in : Europe, the U.S.A. and the U.A.E..Kalima has also allocated an important amount of tokens for its planned developer grant program, in which in-house and external developers will be rewarded handsomely for adopting the Kalima Network and creating dApps on it, either for their own programs, or for third parties. This program is set to be launched for the seven years following the Kalima listing on the Bitmart Exchange on February 2nd 2023.Finally, the Kalima foundation will incentivize the deployment of PrivaChains in its initial stage, by rewarding the first one thousand PrivaChain owners, in ten rounds, on a first-come-first-served basis. About 20 billion KLX have been put aside for this incentive program, with the rewarding set in a descending order, meaning the 10 first owners will earn more than the following volley of owners and so on. About KalimaKalima, a layer 1 third-generation blockchain, is a rapidly expanding ecosystem that will enable enterprises, developers, and startups to build the future of Web3 Enterprise and Data Governance applications, specifically with IoT (Internet of Things) data, to solve real-world problems. Users can independently govern, manage, and monetize data using Kalima's decentralized network of permissioned blockchains (PrivaChains), as well as create tokens for smart-rewarding systems.Kalima is a modular concept which allows developers to create decentralized applications (dApps) that are hosted on PrivaChains. Kalima was designed for the creation of dApps, with the goal of generating new business models or improving existing ones, ranging from data notarization to decentralized finance (DeFi), tokenization (NFTs), data monetization, and industrial IoT applications (Digital Twins, Predictive Maintenance, Smart Infrastructure, and so on). Kalima's blockchain is built to handle very large amounts of sensitive data generated by industries collecting data via IoT sensors and analyzing that data in real-time. The PrivaChains will be able to connect to one another as well as to other leading public chains (Tezos, Lightning, Polygon, and Cosmos hubs), boosting Kalima's industrial adoption. To learn more about Kalima, be sure to check out the www.kalima.io website. Use the hashtag #KalimaAirdrop on twitter and other social medias to show the world what you have been working on.Data breach: Why is it a big threat for crypto traders, and how to prevent it Ethereum Price Dives Again Halal Crypto Investment Opportunities-IFGThe bitcoin mining business is operationally complex and labor intensive. But that is a natural consequence of the narrow and well defined role they have been playing since Bitcoin’s inception. Asking miners to adjudicate disputes on a sidechain, potentially many of them at once, doesn’t just add additional business complexity, it changes the fundamentally neutral role miners play in validating transactions. Disputes are inevitable and the complexity around power, incentives, and rules becomes uncertain from a miners point of view. As of now, the power of miners is checked, and extends only to ensuring transactions satisfy consensus rules, which all parties know and agree to. While drivechains can drive additional revenue to Bitcoin, this addition of judgment to the protocol is deeply risky, and is trading Hashrate

— Kerry Kennedy (@KerryKennedyRFK) October 9, 2023 In equities markets, the S&P 500 and Nasdaq rose a bit more than 0.5%, ignoring for a second day the possible negative effects from the Israel-Hamas conflict. Best Crypto Exchanges: Buy and Sell Bitcoin, Ether and MoreUniswap Scammers would communicate with their victims habitually, just like how a trusty friend or a loving partner would.

Although DeFi is frequently mentioned with cryptocurrencies, it goes way beyond the boundaries of new digital currencies. Its smart contracts are designed to replace traditional financial systems. The Week’s Crypto Top 10 Are crypto trading fees heading to zero?“Slight probability shift on Nov 1 towards a hike but still unlikely,” a further prognosis for Fed action read.“Would need to see FED tone & posturing first to weigh the probability.”Updating analysis from earlier on Oct. 6, meanwhile, fellow trader Daan Crypto Trades highlighted declining Bitcoin open interest (OI).Previously, this had hit levels that previously initiated spurts of upside followed by downside volatility.“That’s another $600M in Open Interest lost since yesterday’s high. Getting to the more average and ‘healthy’ levels again,” he summarized.BTC/USD chart with aggregated OI. Source: Daan Crypto Trades/XThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. Alameda Research was a sister company to FTX, as they were both founded by SBF. The company allegedly commingled funds with FTX. The allegation is that Alameda takes funds deposited in FTX by customers to leverage trades and enrich the founders.

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