Author: e_cash_top
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SBF Trial â Jury begins deliberations as closing arguments conclude
[ad_1] The trial of Sam Bankman-Fried (SBF) entered a pivotal phase on Nov. 3 as the prosecution delivered its final rebuttal to the defenseâs closing argument before the jury began its deliberations for a verdict. The jury has begun deliberations to reach a verdict by the end of the day, but it is unclear if…
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XRP gains approval from Dubai Financial Services Authority
[ad_1] Ripple announced on Nov. 2 that the XRP token has been approved under the Dubai Financial Services Authority (DFSA)âs virtual assets regime. That approval means that virtual asset firms will be able to make use of XRP if they are licensed within the Dubai International Financial Centre (DIFC) area â a special economic zone…
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Sam Bankman-Fried found guilty on all 7 charges
[ad_1] After less than five hours of deliberation, the jury found Sam Bankman-Fried (SBF) guilty of all seven charges levied against him by the U.S. government. SBF faces more than 100 years in prison for his role in defrauding FTX customers out of roughly $8 billion worth of their funds, primarily by giving Alameda Research…
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Coinbase suspends staking services in Maryland
[ad_1] Coinbase has discontinued access to its staking services in the U.S. state of Maryland, according to an email sent to affected users on Nov. 2. In a copy of the email shared by TheCryptoTengu.eth, Coinbase said that affected users could no longer stake additional funds effective immediately. The crypto exchange also said that it…
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Coinbase Q3 revenue falls 5% to $674 million, but still beats expectations
[ad_1] Coinbase has released its shareholder letter for the third quarter of 2023, ending September 30th. Total revenue was $674 million, down 5% from last quarter. Net revenue was $623 million, down 6% sequentially. The company posted a small net loss of $2 million and generated positive Adjusted EBITDA of $181 million for the third…
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AI gives the world one more Beatles song
[ad_1] The power of artificial intelligence has been harnessed to bring music lovers across the globe a final song from the legendary band The Beatles. The track, titled âNow and Then,â is the bandâs last song written and sung by John Lennon, developed and worked on by Paul McCartney, George Harrison, and Ringo Starr, and…
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Marathon Digital to power Bitcoin mining operations with methane gas from landfills
[ad_1] Bitcoin (BTC) miner Marathon Digital wants to mine the top digital asset powered with landfill methane gas, according to a Nov. 2 statement. The mining operation revealed that it has partnered with Nodal Power, an expert renewable energy asset manager, who will provide methane gas that will be used to power a 280 kW…
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Court dismisses Coin Centerâs Tornado Cash lawsuit against US Treasury
[ad_1] A U.S. district court has dismissed Coin Center‘s lawsuit against the U.S. Treasury, in which the crypto advocacy group claimed that the Treasury overstepped its legal authority by sanctioning Tornado Cashâa move that it alleged infringes upon the privacy rights of many Americans. As reported in the summary judgment, Coin Center argued that the…
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Stablecoin activity exceeds that of DeFi in Q3, with more than 400,000 active addresses
[ad_1] Stablecoins emerged as the most popular crypto sector during the third quarter, with daily active addresses of more than 400,000, outpacing other categories like DeFi, gaming, and NFTs, according to an on-chain report published by QuickNode in collaboration with Artemis, a blockchain analytics platform. The report revealed that stablecoins active addresses grew by 45%…
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ProShares launches short Ethereum-linked ETF
[ad_1] ProShares, a prominent player in the crypto-linked exchange-traded fund (ETF) market, launched the first short Ethereum (ETH) ETF on Nov. 2. The ProShares Short Ether Strategy ETF (SETH) is the worldâs first short ETH-linked ETF, designed to provide investors with an opportunity to profit when the price of Ether experiences a decline. SETH will…