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Defi Not a Risk to Financial Stability Yet, EU Securities Regulator Reports

Decentralized finance (defi) brings risks for investors but is yet to pose “meaningful risks” to financial stability, according to Europe’s securities watchdog. The agency believes, however, the phenomenon deserves attention in light of the EU’s

Coinbase Executive Urges Congress to Pass ‘Sensible’ Crypto Legislation Swiftly as Middle East Conflict Escalates

Coinbase’s chief legal officer has called on U.S. Congress to pass sensible crypto legislation following reports that Hamas has amassed millions in cryptocurrency amid the escalating Middle East conflict. “We need this industry flourishing in…

US Grocery Chain Trader Joe’s Sues Decentralized Exchange Trader Joe for Trademark Infringement

Grocery chain Trader Joe’s filed a lawsuit this month against the decentralized exchange (dex) platform Trader Joe for trademark infringement. The suit, filed in federal court in Los Angeles, alleges that Trader Joe illegally copied the Trader…

It ‘Felt Good’ to Come Clean — Caroline Ellison Reveals Intricacies of FTX Operations in Court Testimony

In a recent courtroom showdown, Caroline Ellison, the former CEO of Alameda Research, provided key insights into the operations of FTX and its alleged improprieties. Her revelations, documented by Inner City Press correspondent Matthew Russell Lee…

Brazil Committee Recommends Indicting Binance Officials, CZ

A congressional committee in Brazil has concluded that four Binance officials, among them company CEO Changpeng Zhao (CZ), should be indicted. The suggestion follows a probe targeting crypto platforms suspected of operating pyramid schemes and can…

Bitcoin, Ethereum Technical Analysis: BTC Under $27,000, ETH Hits 1-Month Low Ahead of US Inflation Report

Bitcoin fell below the $27,000 level on Thursday, ahead of the upcoming inflation report in the United States. Consumer prices are expected to have risen by 3.6% in September, down 0.1% from the month prior. Ethereum plunged to a multi-week…

Report: Cyprus Mulls Imposing Hefty Fines on Unregistered Crypto Service Providers

Crypto firms that operate in Cyprus without registration may soon be fined as much as $350,000 while individuals behind such firms could face up to five years in jail. The Finance Ministry says its proposals, which are included in a draft recently…

Computable Functions Verified on Bitcoin — How BitVM Seeks to Elevate BTC’s Smart Contract Game

A new computing model, BitVM, aims to enhance Bitcoin’s smart contract capabilities without requiring changes to the blockchain’s consensus rules. The white paper, published on October 9, 2023, has drawn significant attention and its…

Alameda’s $150M Bribery Bombshell: Thai Sex Workers and Sam Trabucco’s Disappearance Fuels Mystery

In a riveting development, Caroline Ellison’s recent testimony revealed that Alameda Research is believed to have shelled out a whopping $150 million to Chinese officials to unlock accounts valued over $1 billion. The narrative thickens as…

State Securities Regulators Support SEC in Lawsuit Against Crypto Exchange Coinbase

A group uniting regional securities regulators in North America has backed the U.S. Securities and Exchange Commission (SEC) in its Coinbase lawsuit. The move goes against arguments in favor of adopting dedicated rules for crypto assets in the…

Soliciting the Saudi Crown Prince and Buying Snapchat: Ex-Alameda Chief Reveals Covert Dealings in SBF’s Fraud Hearing

FTX’s former CEO, Sam Bankman-Fried (SBF), allegedly guided staff to inappropriately utilize FTX client resources and hide financial vulnerabilities from various lenders, revealed former Alameda Research CEO Caroline Ellison during…

Bitcoin, Ethereum Technical Analysis: BTC Hits 10-Day Low, Caroline Ellison Confirms Fraud on Behalf of SBF

Bitcoin slipped to a ten-day low in today’s session, as the trial of Sam Bankman-Fried (SBF) continues. Caroline Ellison, the former CEO of Alameda Research, alleged that she committed fraud at the behest of SBF. Markets also declined ahead…