Author: e_cash_top

[ad_1] Embattled FTX founder Sam Bankman-Fried (SBF) wanted to close down his other company, Alameda Research, according to an unpublished post revealed at his ongoing fraud trial. In the extensive post shared on X by a former Alameda employee, SBF described Alameda as one of his “largest successes–and then, briefly, largest failures–and then again successes.”…

[ad_1] In the ongoing criminal trial of Sam Bankman-Fried, attorneys for the FTX founder filed new letter motions related to the cross-examination of two key prosecution witnesses. In a letter Monday, Bankman-Fried’s lawyers asked Judge Lewis Kaplan for permission to question Gary Wang on the involvement of attorneys in structuring loans from Bankman-Fried’s trading firm…

[ad_1] Hong Kong’s iFinex Inc., the parent company of cryptocurrency exchange Bitfinex, has proposed a $150 million share buyback, Bloomberg News reported Oct. 10. The move is seen as an effort to consolidate its private operations amidst increasing regulatory oversight in the cryptocurrency industry. Share buyback iFinex, which has shared board members with the well-known…

[ad_1] The fifth day of the SBF trial included testimony from Alameda Research CEO Caroline Ellison, whose testimony became a pivotal point for the case as she confessed to committing fraud under SBF’s direction. According to Ellison, SBF had instructed her to divert billions of dollars from FTX customer funds, which Alameda used for failed…

[ad_1] The well-known grocery store chain Trader Joe’s has initiated a lawsuit against a cryptocurrency-based Decentralized Finance (DeFi) platform, also named Trader Joe, as revealed in U.S. court filings dated Oct. 5. Trader Joe’s alleges that the creators of the DeFi platform named their service “after the supermarket,” directly quoting a newsletter that still exists…

[ad_1] A Brazilian congressional committee has asked for Binance CEO Changpeng Zhao and three other company executives to be indicted, Bloomberg said on Oct. 10. Following the committee’s recommendations, the decision to indict Zhao and the other company executives now lies with the Brazilian police. The committee alleged that Zhao and the other executives have…

[ad_1] Technology giant Lenovo has announced a $1.2 billion investment in artificial intelligence, aiming to tap into the projected $29 billion AI server and storage market and drive partner sales. According to CRN, Stacey Goodman, senior director of U.S. VAR Partner Sales for Lenovo, announced this strategic move at the 2023 XChange Best of Breed…

[ad_1] Caroline Ellison, former CEO of Alameda Research and business associate of Sam Bankman-Fried, testified in the  ex-FTX CEO’s fraud trial on Oct. 10. SBF for USA In addition to detailed testimony concerning crimes allegedly committed by and at the direction of Bankman-Fried, Ellison also described aspects of their personal intimate relationship in 2020. She…

[ad_1] Paul Tudor Jones, the billionaire hedge fund manager and founder of Tudor Investment Corporation, has voiced significant concerns about the current state of the stock market. In an interview with CNBC’s Squawk Box, Jones drew attention to escalating geopolitical risks and a deteriorating US fiscal position: “It’s a really challenging time to want to…

[ad_1] Quick Take Bitcoin’s hash rate, an essential indicator of network health and security, is in a robust upward trajectory, comfortably exceeding the 400 exahashes per second (eh/s) mark on a 30-day moving average. Recent data reveals a notable surge over the weekend with a near-record single-day hash rate of just below 500 eh/s, second…