Author: e_cash_top

[ad_1] Nishad Singh, the former director of engineering at FTX, continued to testify and underwent rigorous cross-examination by defense lawyers on the tenth day of the Sam Bankman-Fried (SBF) trial. Singh, who has previously stated that he felt intimidated and humiliated by SBF, continued to reveal insights into the inner workings of the cryptocurrency exchange…

Evidence shows Bankman-Fried and associates gave $230M to friends, family, politicians, PACs, and special interests

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[ad_1] An extensive list of donations made by FTX associates became public during the criminal trial of FTX founder Sam Bankman-Fried on Oct. 17. Bankman-Fried’s own donation list details more than $133 million in spending, primarily made up of $119 million in political donations. The list includes a number of recognizable politicians or their campaigns.…

Reddit ends Community Points; says there’s ‘no path to scaling it’

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[ad_1] Social news platform Reddit has announced it will discontinue its Community Points beta and Special Memberships features effective in November. It said the decision to end the feature stemmed from finding “no path to scaling it broadly across the platform.” Reddit is refocusing its investments towards products that serve a wider demographic, indicating a…

Fantom Foundation confirms $550K loss in broader $7M attack

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[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…

Bitcoin stakes claim as 13th largest asset by market cap, nearing half of Silver

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[ad_1] Quick Take Bitcoin has staked its claim as the 13th largest asset by market cap, evaluated at $555 billion. This places it snugly between Visa, the 14th largest asset with a market capitalization of $499 billion, and Eli Lilly, standing at 12th with a market cap of $585 billion. Notably, yesterday, on Oct. 16,…

Fed Governor Michelle Bowman expresses central bank’s skepticism of CBDCs

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[ad_1] As the U.S. heads into the next election year, crypto concerns have begun to seep into mainstream American politics—specifically, the terrifying prospect of a United States central bank digital currency (CBDC). U.S. politicians such as Ted Cruz, Tom Emmer, Robert F. Kennedy Jr., and Ron DeSantis have all suggested, either explicitly or through proposed…

U.S. tech giants add $2.4 trillion to market cap in 2023

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[ad_1] U.S. tech giants experienced a remarkable $2.4 trillion surge in market capitalization, largely propelled by widespread enthusiasm for generative artificial intelligence (AI) in 2023, according to Accel’s annual Euroscape report. According to the report, technology behemoths such as Apple, Microsoft, Alphabet, Amazon, and Nvidia all witnessed a substantial 36% year-on-year increase in their stock…

Young entrepreneurs to launch decentralized storage app hello.app to take on centralized cloud giants

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[ad_1] Hello.app, a decentralized storage system designed to offer innovative solutions for Web3 users, has been unveiled by the teenage visionary entrepreneurs Álvaro Pintado Santaularia and Alexander Baikalov. Secures €300k funding According to an Oct. 17 statement shared with CryptoSlate, the project recently secured €300,000 in a pre-seed funding round, valuing the company at €1.4…

Ripple job posting stirs new rumors about company’s IPO plans

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