Author: e_cash_top

[ad_1] On August 23, the Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC) unveiled their findings in a report detailing the implications of a central bank digital currency (CBDC). Notably, this investigation involved the RBA issuing a pilot CBDC to selected industry participants within a secure environment, marking a departure…

Bitstamp to end Ethereum staking for U.S. customers in September

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[ad_1] Crypto exchange Bitstamp will end Ethereum (ETH) staking services for U.S. customers within a month, according to a statement on Aug. 23. The company said: “Customers will continue earning staking rewards up until [Sept.] 25, 2023, and after that, all staked assets will be unstaked.” Bitstamp added that rewards and principal (i.e., the original…

NVIDIA reports record $13B revenue in Q2 2023 as AI tech industry booms

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[ad_1] NVIDIA reported record revenue in its latest earnings report on Aug. 23. The chip giant revealed that it brought in a record-breaking $13.51 billion in revenue in Q2 2023, up 101% from one year ago and up 88% from last quarter. Furthermore, NVIDIA suggested that the majority of those earnings were due to revenue…

Israeli Police recommend charges against businessman Moshe Hogeg as global crackdown on crypto scams rages on

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[ad_1] In a development that further underscores the escalating global crackdown on crypto scams, Israeli police have accused technology entrepreneur Moshe Hogeg of defrauding investors out of $290 million in a series of cryptocurrency scams, according to Bloomberg. Hogeg, the founder and co-CEO of Sirin Labs AG, and several unnamed associates are suspected of misappropriating…

SEC, DOJ file charges against creator of little-known Blazar Token

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[ad_1] The U.S. Securities and Exchange Commission (SEC) filed charges against John DeSalvo, the creator of a minor cryptocurrency called Blazar Token, on Aug. 23. The agency said that DeSalvo created Blazar Token in 2021 and raised $620,000 from 220 investors before the token ultimately collapsed in May 2022. DeSalvo once worked as a State…

Tornado Cash co-founders charged by DOJ; one sanctioned by U.S. Treasury while the other arrested by FBI

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[ad_1] The U.S. Department of Justice (DOJ) announced charges against two individuals who co-founded Tornado Cash on Aug. 23. The agency unsealed an indictment charging Roman Storm and Roman Semenov with various wrongdoings related to creating, operating, and promoting Tornado Cash — a once-popular Ethereum-based coin mixer that obscured crypto transactions. U.S. Attorney Damian Williams…

NVIDIA’s role in Nasdaq rally underscored as Q2 earnings report comes in

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[ad_1] Quick Take The financial world is eagerly awaiting NVIDIA’s Q2 earnings report today, a reflection of the critical role this technology giant plays in influencing the broader market dynamics. With an expected EPS of 2.09 and a projected revenue of $11.08 billion, the stakes are high. According to Bloomberg, the Nasdaq has risen a…

Sam Bankman-Fried plans to lean on ‘counsel advice’ defense in criminal trial

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[ad_1] FTX founder Sam Bankman-Fried intends to blame “counsel advice” provided by the company’s internal legal team and Fenwick & West, a prominent Silicon Valley law firm, in his case against the U.S. government. In an Aug. 23 letter to Judge Lewis Kaplan, Bankman-Fried’s lawyers wrote that their client received legal advice from Fenwick in…

Bitcoin’s shaky stage mirrors FTX collapse as short-term holders cut losses

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