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2024-05-07

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Azuki Here’s a peek at some of the top performers in the mining space and what they’re doing to advance more efficient operations. Ethereum (ETH) Price PredictionHow To Spot A Top Blockchain web hosting could be a promising solution for enhanced data privacy, security, and control. However, it is not without potential drawbacks.

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“CrypToadz are a collection 6969 small amphibious creatures trying to escape the tyrannical rule of the Evil King.” In September, the Ordinals Summit 2023 attracted over 400 aficionados and specialists globally, focusing on the world of Ordinals. This summit showcased a wide range of important revelations and progress, consisting of keynote addresses, diverse panel talks, an art showcase, and an unanticipated appearance by a prominent personality. What Is Digital Currency?Fans aged 18 to 35 comprise more than half of the Chiliz ecosystem’s 2 million users, Newman said. Manifold Finance says that the transition to this new auction system will lay the foundation necessary to support advanced applications related to priority-sensitive transactions and multi-slot bidding for block builders.

Cabinet of Japan considered virtual currencies including Bitcoin to have a function similar to real money. 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 Top 10+ Trusted Cryptocurrency Exchange ListMaxine Waters Slams Republican Bill Hindering U.S. Progress on CBDC 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.

Image Source: YouTubeFormer FTX boss Sam Bankman-Fried had written a draft Twitter thread to announce the possible closure of his hedge fund Alameda Research. The thread, which was drafted in September 2022, reveals that Bankman-Fried considered announcing the closure of Alameda Research, the trading firm he co-founded, just two months before the collapse of FTX.During the trial, FTX co-founder Gary Wang testified that Bankman-Fried was anxious about an upcoming article that would expose the close ties between FTX and Alameda Research. Bankman-Fried Praises Alameda in Draft ThreadIn the thread, Bankman-Fried praised Alameda Research as a crucial player in the ecosystem, acting as "a buyer when no one else is ready to buy–when markets are wild and volatile and prices are crashing and capital is scarce." He also commended Alameda's achievements after his departure, emphasizing its role as a significant global source of liquidity and guidance for the industry.However, Bankman-Fried acknowledged Alameda's biggest failure in the draft thread, which was losing track of millions of dollars' worth of Ripple tokens due to accounting negligence in February 2018. "In February 2018, we got lazy–and our accounting was lazy–and we lost most of what we'd made," Bankman-Fried wrote."Employees were sad and angry and frustrated, and I had no idea what to do about that."Bankman-Fried used the thread as an opportunity to address the narrative propagated by competitors that Alameda and FTX had excessively close ties. He dismissed the claims as distractions from their competitors' own problems, emphasizing that they were not true. Interestingly, Bankman-Fried's plan to wind down Alameda Research was halted due to the firm's significant debt of $14 billion owed to FTX. Wang testified that when he informed Bankman-Fried about the inability to shut down Alameda, Bankman-Fried simply acknowledged the situation.The draft thread concludes with the hypothetical statement, "Alameda Research is dead. Long live FTX." However, Bankman-Fried never executed the closure of Alameda as planned.Wang Concludes Testimony on Day Six of TrialOn day six of the trial, Wang concluded his testimony and once again admitted to committing crimes with Bankman-Fried.Last week, Wang confessed 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 admitted 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.Rise in Chinese Banks Issuing Digital Yuan Corporate Loans At the time of publication, CZ possesses roughly 8.6 million followers. Here's How You Can Invest In Bitcoin, Ethereum, Other ...Lewis crypto leaders shadowy super-coders fails to emphasize this crucial distinction, even as lawmakers worldwide recognize its significance. Instead, he presents a somewhat sympathetic image of SBF as an eccentric character, attributing his behavior to neurodiversity, youth, and a sleep disorder. For the longest time, crypto has served as an alternative institution: Whether it’s for finance, art or community, it’s considered a tokenized counter-cultural movement. Permissionless, trustless, decentralized, open, embracing the fringe — a community where everyone is welcome, and no one can tell us what to do.

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