Category: Latest news

[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] 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] Embattled FTX founder Sam Bankman-Fried (SBF) wanted to close down his other company, Alameda Research, according to an unpublished post revealed at his ongoing fraud trial.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…