Author: e_cash_top
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Sam Bankman-Fried lawyers decry procedural breach as evidence pages pile to 7.7 million
[ad_1] Sam Bankman-Fried’s lawyers have objected to an additional 3.7 million pages of discovery documents the U.S. government sent them in an Aug. 28 letter to Judge Lewis Kaplan. Per the letter, the prosecution initially dumped 4 million pages of documents on SBF on Aug. 24 before releasing this additional 3.7 million pages. This brings…
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Digital Currency Group to pay $1.4B as agreement made with Genesis for up to 90% of funds
[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…
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Bitcoin wealth distribution leans toward decentralization as small investors take the lead
[ad_1] Quick Take The landscape of Bitcoin holders is reflecting a notable shift towards decentralization, as evidenced by the latest data analysis. Nearly a fifth of the circulating Bitcoin supply is in the possession of investors who own 10 BTC or less, indicating a broadening in the distribution of this digital asset. The growing adoption…
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SEC Commissioners Peirce, Uyeda push back against SEC’s NFT enforcement action
[ad_1] SEC Commissioners Hester Peirce and Mark T. Uyeda have vocalized their disagreement over the Commission’s handling of its enforcement action against Impact Theory, marking the first enforcement action of the SEC against a non-fungible token (NFT). The concerns, articulated in a public statement, highlight the complexities surrounding the regulation of NFTs, a rapidly evolving…
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Breaking traditions: Why gold prices defy 10-year Treasury yield movements
[ad_1] Historically, the 10-year Treasury yield has been a reliable barometer of broader economic sentiment. However, recent data suggests a weakening correlation between this yield and another key asset: gold. This divergence, not seen in decades, has profound implications for investors and the broader market. The 10-year Treasury yield represents the return on investment for…
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China combats struggling financial markets with tax cuts
[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…
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Robinhood holds over $3B in Bitcoin, ranks alongside Binance and Bitfinex’s biggest wallets
[ad_1] According to a report by Arkham Intelligence published around Aug. 27, Robinhood allegedly holds more than $3 billion of Bitcoin in a single address Those findings show that Robinhood holds 118,300 BTC of Bitcoin (BTC), which is valued at $3.07 billion and is stored in an address beginning with “bc1ql.” That address was active…
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Binance mulls exiting Russian market
[ad_1] Binance could leave the Russian market following controversies around its in the region, the Wall Street Journal reprted on Aug. 28. In a statement quoted by the newspaper, one Binance representative said that “all options are on the table, including a full exit.” News of the potential Russian exit comes alongside an update to…
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Republican lawmakers object to Fed’s proposed crypto, stablecoin rules
[ad_1] Three U.S. representatives expressed concerns on Aug. 28 regarding stablecoin and crypto rules recently put forward by the Federal Reserve. Today’s objection was signed by three U.S. representatives: Patrick McHenry, Chairman of the House Financial Services Committee; French Hill, Chairman of the Committee on Financial Services Subcommittee on Digital Assets; and Bill Huizenga, Chairman…
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SEC charges Impact Theory for ‘unregistered NFT offering,’ expanding enforcement actions to NFT market
[ad_1] The Securities and Exchange Commission (SEC) charged LA-based media and entertainment firm Impact Theory with conducting an unregistered offering of crypto asset securities in the form of non-fungible tokens (NFTs). According to an official press release by the SEC, the company raised approximately $30 million from hundreds of investors through their offering, violating federal securities…