Author: e_cash_top

[ad_1] The third week of Sam Bankman-Fried‘s (SBF) trial started with more explosive revelations as former FTX engineering director Nishad Singh took the stand to testify against the former billionaire. Following Singh’s confession and revelations, forensic accountants and FTX‘s former general counsel took the stand to give more insight into the misuse of customer funds…

[ad_1] The Federal Bureau of Investigation (FBI) has charged six individuals in connection to an unlicensed money-transmitting business involving crypto as a money laundering tool. Court filings dated Oct. 18 indicate that the accused individuals worked to convert Bitcoin and other cryptocurrencies to cash at least between July 2021 and September 2023. The conversion process…

[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…

[ad_1] Quick Take This past week has been chock-full of significant events within the financial and cryptocurrency markets, with potential global ramifications. In an episode earlier this week, Cointelegraph erroneously announced the approval of BlackRock’s spot Bitcoin ETF, which sent Bitcoin from roughly $27,500 to $29,000. Grayscale Bitcoin Trust (GBTC) experienced a contraction in its…

[ad_1] In a bid to revolutionize the integration of artificial intelligence (AI) and big data in the Web3 landscape smart contract platform, MultiversX (ELGD) has announced a strategic partnership with Google Cloud. According to information shared with CryptoSlate, this strategic alliance is part of MultiversX’s extensive strategy to drive the development of blockchain-powered tools and…

[ad_1] Binance, the world’s largest cryptocurrency exchange, said in a blog post published on Oct. 20 that it will stop offering its Visa debit card product in Europe. The company said that it will no longer offer those cards in the European Economic Area (EEA) and that existing cards will not be usable after Dec.…

[ad_1] Ethereum (ETH) co-founder and Consensys CEO Joseph Lubin faces a lawsuit from 27 early employees who allege Lubin broke contractual agreements regarding equity shares. According to the lawsuit, filed in the New York Supreme Court, Lubin promised employees “hub equity” in ConsenSys (as it was styled at the time), meaning shares in the central ConsenSys…

[ad_1] Quick Take Recent data analysis reveals a steady influx of stablecoins into Bitcoin, a phenomenon underpinned by the Stablecoin Supply Ratio (SSR) created by Glassnode. The SSR denotes the ratio between Bitcoin’s supply and that of stablecoins, with the calculation formula being: Bitcoin Market cap divided by Stablecoin Market cap. Notably, the stablecoins considered…

[ad_1] LBRY Inc., the developer of the LBRY blockchain, is shutting down services because it lost a lawsuit to the U.S. Securities and Exchange Commission (SEC), and it “has several million dollars in debts.” In an Oct. 19 statement, LBRY explained that it owed several million dollars in debt to its legal team, private debtors,…

[ad_1] Paolo Ardoino, Tether’s incoming CEO, said the stablecoin issuer plans to publish real-time attestation of its reserve starting next year, Bloomberg reported on Oct. 20. Tether, due to its significant role in the cryptocurrency industry, has faced increasing pressure to enhance transparency regarding the reserves backing its USDT stablecoin, a digital asset pegged to…