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SKL update
bammm kena take profit 🔥 congrats juga bagi kalian yg ikutan entry salam cuan gaes 🤑🤑$SKL #cryptocurrency #BTC
bammm kena take profit 🔥 congrats juga bagi kalian yg ikutan entry salam cuan gaes 🤑🤑$SKL #cryptocurrency #BTC
SINGAL LONG $SOL
Haka boleh, tunggu entry boleh
ada kemungkinan mantul lagi
RR 1:4
#crypto2023 #cryptocurrency
Haka boleh, tunggu entry boleh
ada kemungkinan mantul lagi
RR 1:4
#crypto2023 #cryptocurrency
Setelah Bitcoin naik trus menyentuh harga tertinggi, lalu turun dengan drastis Crypto apakah setalah bitcoin yang akan meledak, Buta para analis Crypto tolong jelasin di komen
#cryptocurrency #Crypto
#cryptocurrency #Crypto
🔱Reddit plans to sunset its blockchain-based reward service Community Points
Social media platform Reddit plans to pull the plug on its blockchain-based reward service Community Points.
"The regulatory environment has added to scalability limitations. Though the moderators and communities that supported Community Points have been incredible partners, as it's evolved, the product is no longer set up to scale," Reddit wrote in a message reviewed by The Block.
"Moving away from Points allows us to invest in products that provide value to more Redditors," it added. "We’ve also launched, or are actively investing in, several products that accomplish what the Community Points program was aimed at."
Reddit's blockchain ambitions
Community Points first launched in 2020 as a way to reward users for constructive activity in certain subreddits, such as receiving a large amount of upvotes for a comment or post, with the goal of augmenting user engagement and communities.
The points users earned were ERC-20 tokens stored in the platform's crypto wallet called Reddit Vault. Redditors could then spend their Community Points on perks such as emojis or badges, after which the points would be burned.
Though Community Points launched on Ethereum, the service migrated to the Layer 2 Arbitrum Nova in August of 2022 to lower transaction costs and improve scalability, The Block previously reported.
#Crypto2024 #cryptonews #cryptocurrency
Social media platform Reddit plans to pull the plug on its blockchain-based reward service Community Points.
"The regulatory environment has added to scalability limitations. Though the moderators and communities that supported Community Points have been incredible partners, as it's evolved, the product is no longer set up to scale," Reddit wrote in a message reviewed by The Block.
"Moving away from Points allows us to invest in products that provide value to more Redditors," it added. "We’ve also launched, or are actively investing in, several products that accomplish what the Community Points program was aimed at."
Reddit's blockchain ambitions
Community Points first launched in 2020 as a way to reward users for constructive activity in certain subreddits, such as receiving a large amount of upvotes for a comment or post, with the goal of augmenting user engagement and communities.
The points users earned were ERC-20 tokens stored in the platform's crypto wallet called Reddit Vault. Redditors could then spend their Community Points on perks such as emojis or badges, after which the points would be burned.
Though Community Points launched on Ethereum, the service migrated to the Layer 2 Arbitrum Nova in August of 2022 to lower transaction costs and improve scalability, The Block previously reported.
#Crypto2024 #cryptonews #cryptocurrency
Here are the top 10 Bitcoin mining countries.
America and China will be the biggest Bitcoin miners in 2023, 7th place in Malaysia.
#Crypto2024 #cryptocurrency #cryptonews #bitcoin
America and China will be the biggest Bitcoin miners in 2023, 7th place in Malaysia.
#Crypto2024 #cryptocurrency #cryptonews #bitcoin
FTX Estate Stakes 5.5 Million SOL Tokens Amid Market Scrutiny
The decision comes as market watchers had been voicing concerns over the potential liquidation of the estate’s vast Solana holdings. Such a move could have dampened the SOL market value. However, this recent staking indicates the FTX estate’s optimism about Solana’s long-term potential.
FTX Estate Reveals $7 Billion Assets
After this revelation, the SOL token has experienced a slight uptick, and It is currently trading at $21.99, marking a 1.84% increase. The market, it seems, views this as a positive commitment from the FTX estate toward the Solana blockchain.
Additionally, in a court document from September 11, 2023, the FTX estate divulged that they have retrieved assets nearing $7 billion. This hefty sum includes more than $1 billion in staked SOL tokens. Moreover, the estate possesses around $560 million in Bitcoin (BTC). Beyond the crypto realm, the estate has a $200 million stake in Bahamian real estate. They also reported about $1.9 billion tied up in illiquid assets. These figures highlight the depth of the FTX estate’s assets and their ongoing endeavors in managing and recovering them.
FTX Staking May Stabilize Solana Network
The FTX estate’s commitment to staking SOL might shape the future of the Solana network. As the unlocking of SOL tokens is set to proceed, all eyes will be on the estate’s next steps. Their decisions could pivot the cryptocurrency market dynamics. Besides, Sam Bankman-Fried, former CEO of the now-defunct exchange, is embroiled in legal wrangles over fraud allegations. Hence, this staking move by the FTX estate might stabilize the Solana community.
#Crypto2024 #cryptonews #cryptocurrency #crypto2023 #DIGITALSTORY
The decision comes as market watchers had been voicing concerns over the potential liquidation of the estate’s vast Solana holdings. Such a move could have dampened the SOL market value. However, this recent staking indicates the FTX estate’s optimism about Solana’s long-term potential.
FTX Estate Reveals $7 Billion Assets
After this revelation, the SOL token has experienced a slight uptick, and It is currently trading at $21.99, marking a 1.84% increase. The market, it seems, views this as a positive commitment from the FTX estate toward the Solana blockchain.
Additionally, in a court document from September 11, 2023, the FTX estate divulged that they have retrieved assets nearing $7 billion. This hefty sum includes more than $1 billion in staked SOL tokens. Moreover, the estate possesses around $560 million in Bitcoin (BTC). Beyond the crypto realm, the estate has a $200 million stake in Bahamian real estate. They also reported about $1.9 billion tied up in illiquid assets. These figures highlight the depth of the FTX estate’s assets and their ongoing endeavors in managing and recovering them.
FTX Staking May Stabilize Solana Network
The FTX estate’s commitment to staking SOL might shape the future of the Solana network. As the unlocking of SOL tokens is set to proceed, all eyes will be on the estate’s next steps. Their decisions could pivot the cryptocurrency market dynamics. Besides, Sam Bankman-Fried, former CEO of the now-defunct exchange, is embroiled in legal wrangles over fraud allegations. Hence, this staking move by the FTX estate might stabilize the Solana community.
#Crypto2024 #cryptonews #cryptocurrency #crypto2023 #DIGITALSTORY
Once in the spotlight, what is the current price of the WLD Coin crypto?
Worldcoin (WLD Coin) offers its World ID feature, which the company describes as a "digital passport". WLD Coin is also used to prove the holder is a real person, not an AI bot.
Reporting from Coinmarketcap, the Worldcoin system revolves around World ID, a global identity network that maintains privacy. World ID allows users to verify their humanity online (Proof of Personhood) while preserving user privacy.
To engage with the Worldcoin protocol, users must first download the World App, the first wallet application to support the creation of a World ID .
Users visit a physical imaging device called an Orb to get their World ID Orb verified. Most Orbs are operated by a network of independent local businesses called Orb Operators.
Orb uses multispectral sensors to verify humanity and uniqueness, with all images immediately deleted on the device per default (no explicit consent to data retention).
All Orb verified World ID holders are eligible to claim recurring giveaways of free WLD tokens. This could potentially make WLD the most widely distributed digital currency.
#crypto2023 #cryptocurrency
Worldcoin (WLD Coin) offers its World ID feature, which the company describes as a "digital passport". WLD Coin is also used to prove the holder is a real person, not an AI bot.
Reporting from Coinmarketcap, the Worldcoin system revolves around World ID, a global identity network that maintains privacy. World ID allows users to verify their humanity online (Proof of Personhood) while preserving user privacy.
To engage with the Worldcoin protocol, users must first download the World App, the first wallet application to support the creation of a World ID .
Users visit a physical imaging device called an Orb to get their World ID Orb verified. Most Orbs are operated by a network of independent local businesses called Orb Operators.
Orb uses multispectral sensors to verify humanity and uniqueness, with all images immediately deleted on the device per default (no explicit consent to data retention).
All Orb verified World ID holders are eligible to claim recurring giveaways of free WLD tokens. This could potentially make WLD the most widely distributed digital currency.
#crypto2023 #cryptocurrency
Uniswap to charge 0.15% to swap certain tokens on web interface and wallet
The decentralized cryptocurrency exchange Uniswap will start implementing a fee of 0.15% to trade cryptocurrencies on its web app and wallet starting on Oct. 17.
The tokens affected include THE, USDC, WITH, USDT, DAI, WBTC, agers, GUSD, USD, EURO and XSGD, Uniswap said Monday on its website.
"This is separate from the Uniswap Protocol fee switch, which is voted on by UNI token governance," Uniswap founder Hayden Adams wrote on X.
The new fee follows liquidity pool fees of 0.3% and a protocol fee expected to rise from 0% after after a governance vote. The Block Research estimates that, at Uniswap's current volumes, the new token fee will generate around $1 million a day. The above specific pairs bring in roughly $580 million in daily trading volume, which will result in about $870,000 in swap fees, according to data from Flipside.
Uniswap interface fee
"Users have countless choices of ways to use it, through aggregators, other UIs, or by interacting directly with the smart contracts," Adams wrote. "Our interface remains the best – a huge amount of love (and money) goes into making that the case."
"This interface fee is one of the lowest in the industry, and it will allow us to continue to research, develop, build, ship, improve, and expand crypto and DeFi," he continued.
The decentralized cryptocurrency exchange Uniswap will start implementing a fee of 0.15% to trade cryptocurrencies on its web app and wallet starting on Oct. 17.
The tokens affected include THE, USDC, WITH, USDT, DAI, WBTC, agers, GUSD, USD, EURO and XSGD, Uniswap said Monday on its website.
"This is separate from the Uniswap Protocol fee switch, which is voted on by UNI token governance," Uniswap founder Hayden Adams wrote on X.
The new fee follows liquidity pool fees of 0.3% and a protocol fee expected to rise from 0% after after a governance vote. The Block Research estimates that, at Uniswap's current volumes, the new token fee will generate around $1 million a day. The above specific pairs bring in roughly $580 million in daily trading volume, which will result in about $870,000 in swap fees, according to data from Flipside.
Uniswap interface fee
"Users have countless choices of ways to use it, through aggregators, other UIs, or by interacting directly with the smart contracts," Adams wrote. "Our interface remains the best – a huge amount of love (and money) goes into making that the case."
"This interface fee is one of the lowest in the industry, and it will allow us to continue to research, develop, build, ship, improve, and expand crypto and DeFi," he continued.
$10 trillion BlackRock CEO on FOX: Today's rally is "way beyond the rumor" of a spot #bitcoin ETF approval.
"It's about a flight to quality"
#cryptonews #cryptocurrency
"It's about a flight to quality"
#cryptonews #cryptocurrency
David Marcus: “Bitcoin Could Become a Global Payment”
David Marcus, former President of PayPal and current CEO of Lightning Network infrastructure company Lightspark, shares an ambitious vision for turning Bitcoin into a global payments network. Marcus emphasized the importance of expanding Bitcoin's role beyond just a store of value.
Over the past decade, Bitcoin has made significant progress, from an obscure digital currency to a recognized store of value and hedging tool against inflation. Marcus believes that Bitcoin's potential is still not fully tapped and that it could play a bigger role in the global financial system.
Marcus also highlighted that Bitcoin has the potential to become a global payment network that operates in a decentralized manner, similar to PayPal, but with different advantages. He emphasized the need for Bitcoin to provide faster, cheaper and more efficient transactions, making it accessible to more people.
As CEO of Lightspark, Marcus is actively seeking to expand Bitcoin's utility in this direction. He is committed to doing everything necessary to unlock the full potential of the Bitcoin Lightning Network. Marcus believes that it is time for the world to have a universal open protocol for payments.
While this goal is ambitious, there are challenges, especially when it comes to Bitcoin's scalability. However, technological advances such as the Lightning Network are believed to be able to overcome this problem and increase Bitcoin's capabilities.[DS]
#cryptocurrency #cryptonews
David Marcus, former President of PayPal and current CEO of Lightning Network infrastructure company Lightspark, shares an ambitious vision for turning Bitcoin into a global payments network. Marcus emphasized the importance of expanding Bitcoin's role beyond just a store of value.
Over the past decade, Bitcoin has made significant progress, from an obscure digital currency to a recognized store of value and hedging tool against inflation. Marcus believes that Bitcoin's potential is still not fully tapped and that it could play a bigger role in the global financial system.
Marcus also highlighted that Bitcoin has the potential to become a global payment network that operates in a decentralized manner, similar to PayPal, but with different advantages. He emphasized the need for Bitcoin to provide faster, cheaper and more efficient transactions, making it accessible to more people.
As CEO of Lightspark, Marcus is actively seeking to expand Bitcoin's utility in this direction. He is committed to doing everything necessary to unlock the full potential of the Bitcoin Lightning Network. Marcus believes that it is time for the world to have a universal open protocol for payments.
While this goal is ambitious, there are challenges, especially when it comes to Bitcoin's scalability. However, technological advances such as the Lightning Network are believed to be able to overcome this problem and increase Bitcoin's capabilities.[DS]
#cryptocurrency #cryptonews
Native Tokens Typically Refer To Cryptocurrency Tokens
Native tokens typically refer to cryptocurrency tokens that are native to a specific blockchain platform. These tokens are an integral part of the blockchain's ecosystem and are used for various purposes within that platform. For example:1. Bitcoin (BTC): Bitcoin is the native token of the Bitcoin blockchain. It's used as a digital currency for peer-to-peer transactions and is often considered a store of value.2. Ethereum (ETH): Ethereum's native token is Ether (ETH). It serves multiple functions, including paying for transaction fees, executing smart contracts, and as a form of digital currency.3. Binance Coin (BNB): Binance Coin is the native token of the Binance Smart Chain. It can be used for transaction fees on the Binance Smart Chain, as well as for various DeFi applications and trading on the Binance exchange.4. Cardano (ADA): ADA is the native token of the Cardano blockchain. It can be used for staking, governance, and various other functions within the Cardano ecosystem.5. Planq Foundation (PLQ): Planq is a scalable, high-throughput Proof-of-Stake blockchain that is fully compatible and interoperable with Ethereum. It's built using the Cosmos SDK (opens new window)which runs on top of Tendermint Core (opens new window)consensus engine.Planq allows for running vanilla Ethereum as a Cosmos (opens new window)application-specific blockchain. This allows developers to have all the desired features of Ethereum, while at the same time, benefit from Tendermint’s PoS implementation. Also, because it is built on top of the Cosmos SDK, it will be able to exchange value with the rest of the Cosmos Ecosystem through the Inter Blockchain Communication Protocol (IBC).These native tokens are distinct from tokens or cryptocurrencies that are built on top of these blockchains, which are often referred to as "tokenized assets" or "tokens." Native tokens are fundamental to the operation of their respective blockchains, while other tokens are created using smart contracts or protocols built on those blockchains.#Planqnetwork #nativetoken #bitcoin #crypto2023 #cryptocurrency $BTC $ETH $BNB
Crypto VC funding dropped to its lowest in the last 3 years.
Venture capital flows to crypto startups this year reached a low that has not been seen in the last 3 years.
#cryptonews #cryptocurrency #Crypto2024 #crypto2023
Venture capital flows to crypto startups this year reached a low that has not been seen in the last 3 years.
#cryptonews #cryptocurrency #Crypto2024 #crypto2023
Taiwan Collaborates with El Salvador to Enhance Crypto Regulation
The Taiwan regulators communicated with El Salvador's authorities, advocating for a Virtual Assets Bureau to enhance its crypto regulations.The Taiwan Cryptocurrency Association said that it has officially communicated with the Virtual Assets Bureau of El Salvador, the Central Bank, and the Presidential Office, Wu Blockchain reported. The regulators are advocating for the establishment of a Virtual Assets Bureau to enhance the regulatory capabilities. Meanwhile, Taiwan’s existing regulatory framework prohibits the issuance of stablecoins and the trading of cryptocurrency derivatives, emphasizing the need to support the industry and progress toward legislative solutions.
Taiwan’s Latest Move In Crypto Segment
In a recent public hearing organized by Taiwanese legislator Kuo Kuo-wen on “Virtual Asset Supervision,” crucial discussions surrounding the cryptocurrency industry took center stage. Among the topics under scrutiny were the potential creation of a dedicated “Financial Technology Bureau” and the introduction of leveraged derivatives trading. Distinguished representatives from cryptocurrency exchanges Binance and Bitfinex were in attendance.
Meanwhile, the recent action of the Taiwan Cryptocurrency Association aligns with global efforts by regulatory bodies to gain better control over the fast-growing and ever-evolving cryptocurrency sector. Notably, the establishment of a Virtual Assets Bureau is intended to oversee cryptocurrency trading and enhance consumer protection.
Taiwan, also known as the Republic of China, was already planning to unveil its virtual asset service provider (VASP) guidelines by the end of the month. The Taiwan Financial Supervisory Commission (FSC) is set to oversee virtual currencies, establish regulatory principles to combat money laundering, and ensure compliance among crypto exchanges and firms.
Despite the cryptocurrency trading and mining ban in mainland China, Taiwan is actively developing regulatory measures to strengthen its oversight of the crypto sector, with a particular focus on key aspects to bolster its regulatory framework.
Regulator’s Perspectives
The public hearing underscored the urgent need for practical guiding principles, broader regulations, government-backed industrial development policies, the establishment of a Financial Technology Bureau, and progress toward specialized laws within Taiwan’s evolving cryptocurrency landscape.
Meanwhile, Huang Xihe from the Financial Supervisory Commission highlighted the imminent establishment of the Virtual Currency Business Association. Additionally, in his opening statement, Huang Xihe also focused on the controversial elements of the current draft concerning autonomous management and challenges in providing insurance coverage for the crypto sector.
Talking about the industry perspective, Chen Minghui, COO of Maicoin, called for special laws and a hierarchical regulatory approach, noting potential operational challenges, while He Xuanrong from Binance emphasized the importance of transparent employee training and fostering cross-field collaboration.
Besides, Huang Xihe also prioritized self-regulatory regulations, leaving details to the industry association, and discussed the handling of stablecoins and advertising considerations.
#cryptocurrency #DIGITALSTORY
Taiwan’s Latest Move In Crypto Segment
In a recent public hearing organized by Taiwanese legislator Kuo Kuo-wen on “Virtual Asset Supervision,” crucial discussions surrounding the cryptocurrency industry took center stage. Among the topics under scrutiny were the potential creation of a dedicated “Financial Technology Bureau” and the introduction of leveraged derivatives trading. Distinguished representatives from cryptocurrency exchanges Binance and Bitfinex were in attendance.
Meanwhile, the recent action of the Taiwan Cryptocurrency Association aligns with global efforts by regulatory bodies to gain better control over the fast-growing and ever-evolving cryptocurrency sector. Notably, the establishment of a Virtual Assets Bureau is intended to oversee cryptocurrency trading and enhance consumer protection.
Taiwan, also known as the Republic of China, was already planning to unveil its virtual asset service provider (VASP) guidelines by the end of the month. The Taiwan Financial Supervisory Commission (FSC) is set to oversee virtual currencies, establish regulatory principles to combat money laundering, and ensure compliance among crypto exchanges and firms.
Despite the cryptocurrency trading and mining ban in mainland China, Taiwan is actively developing regulatory measures to strengthen its oversight of the crypto sector, with a particular focus on key aspects to bolster its regulatory framework.
Regulator’s Perspectives
The public hearing underscored the urgent need for practical guiding principles, broader regulations, government-backed industrial development policies, the establishment of a Financial Technology Bureau, and progress toward specialized laws within Taiwan’s evolving cryptocurrency landscape.
Meanwhile, Huang Xihe from the Financial Supervisory Commission highlighted the imminent establishment of the Virtual Currency Business Association. Additionally, in his opening statement, Huang Xihe also focused on the controversial elements of the current draft concerning autonomous management and challenges in providing insurance coverage for the crypto sector.
Talking about the industry perspective, Chen Minghui, COO of Maicoin, called for special laws and a hierarchical regulatory approach, noting potential operational challenges, while He Xuanrong from Binance emphasized the importance of transparent employee training and fostering cross-field collaboration.
Besides, Huang Xihe also prioritized self-regulatory regulations, leaving details to the industry association, and discussed the handling of stablecoins and advertising considerations.
#cryptocurrency #DIGITALSTORY
TRON added to Google Cloud’s BigQuery Public Blockchain Datasets
The TRON dataset has been added to Google Cloud's expanding roster of public blockchain datasets available in BigQuery.
Google Cloud’s BigQuery is a fully-managed, serverless data warehouse that enables fast SQL queries using the processing power of Google’s infrastructure. It allows users to analyze large datasets in real-time by leveraging the power of Google Cloud’s infrastructure and machine learning capabilities. As part of its extensive suite of tools, BigQuery provides seamless integration with various data visualization tools and easy data importing from multiple sources. Over the years, this endeavor has consistently adapted to cater to the dynamic needs of the burgeoning Web3 community.
With the vast amount of data TRON processes, the recent inclusion of TRON into Google Cloud's BigQuery public datasets enables users to analyze on-chain transaction histories seamlessly. This deep dive allows for the assessment of TRON's token flows, smart contract interactions, and overall user engagement, all without the need for individual nodes or indexers.
Beyond the dataset expansion, Google Cloud is continually refining its offerings to cater to the needs of its users. Feedback-driven enhancements, such as increased numerical precision and the integration of User Defined Functions (UDF) for better UNIT256, are ensuring the datasets remain accurate and relevant.
This post is commissioned by TRON and does not serve as a testimonial or endorsement by The Block. This post is for informational purposes only and should not be relied upon as a basis for investment, tax, legal or other advice. You should conduct your own research and consult independent counsel and advisors on the matters discussed within this post. Past performance of any asset is not indicative of future results.
#crypto2023 #cryptocurrency #cryptonews #tron
The TRON dataset has been added to Google Cloud's expanding roster of public blockchain datasets available in BigQuery.
Google Cloud’s BigQuery is a fully-managed, serverless data warehouse that enables fast SQL queries using the processing power of Google’s infrastructure. It allows users to analyze large datasets in real-time by leveraging the power of Google Cloud’s infrastructure and machine learning capabilities. As part of its extensive suite of tools, BigQuery provides seamless integration with various data visualization tools and easy data importing from multiple sources. Over the years, this endeavor has consistently adapted to cater to the dynamic needs of the burgeoning Web3 community.
With the vast amount of data TRON processes, the recent inclusion of TRON into Google Cloud's BigQuery public datasets enables users to analyze on-chain transaction histories seamlessly. This deep dive allows for the assessment of TRON's token flows, smart contract interactions, and overall user engagement, all without the need for individual nodes or indexers.
Beyond the dataset expansion, Google Cloud is continually refining its offerings to cater to the needs of its users. Feedback-driven enhancements, such as increased numerical precision and the integration of User Defined Functions (UDF) for better UNIT256, are ensuring the datasets remain accurate and relevant.
This post is commissioned by TRON and does not serve as a testimonial or endorsement by The Block. This post is for informational purposes only and should not be relied upon as a basis for investment, tax, legal or other advice. You should conduct your own research and consult independent counsel and advisors on the matters discussed within this post. Past performance of any asset is not indicative of future results.
#crypto2023 #cryptocurrency #cryptonews #tron
🚨SBF's lawyers want to cross-examine Gary Wang on $300 million in Alameda loans🚨
Lawyers for Sam Bankman-Fried want to ask FTX co-founder Gary Wang questions about attorneys' involvement in loans issued to him by Alameda Research.
During the trial last week, prosecutors asked Wang about a "series of personal loans worth approximately $200-$300 million that he received from Alameda to fund venture investments by FTX and to fund his purchase of a house in the Bahamas," Bankman-Fried's lawyers said in a filing from Monday night. Wang was a longtime friend of Bankman-Fried and also was the co-founder of sister trading-firm Alameda Research.
"Mr. Wang's understanding that these were actual loans - structured by lawyers and memorialized in formal promissory notes that imposed real interest payment obligations - is relevant to rebut the inference that these were simply sham loans directed by Mr. Bankman-Fried to conceal the source of the funds,”" his lawyers said, asking for approval from the court.
Bankman-Fried's lawyers want to specifically ask Wang about which attorneys were involved in the loans, what documents they prepared and whether he had "any concerns about the loans at the time he signed them."
The tie-in
The relationship between Alameda and FTX has been a crucial part of the case and the trial so far. Wang testified last week that, under Bankman-Fried's direction, Alameda Research was given the ability to withdraw funds even if its account had a negative balance. Wang noted that the funds, in that circumstance, would come from FTX customer deposits.
Wang's testimony is expected to continue into Tuesday and be followed by former Alameda Research CEO Caroline Ellison later in the day.
#crypto2023 #cryptocurrency #cryptonews #DIGITALSTORY
Lawyers for Sam Bankman-Fried want to ask FTX co-founder Gary Wang questions about attorneys' involvement in loans issued to him by Alameda Research.
During the trial last week, prosecutors asked Wang about a "series of personal loans worth approximately $200-$300 million that he received from Alameda to fund venture investments by FTX and to fund his purchase of a house in the Bahamas," Bankman-Fried's lawyers said in a filing from Monday night. Wang was a longtime friend of Bankman-Fried and also was the co-founder of sister trading-firm Alameda Research.
"Mr. Wang's understanding that these were actual loans - structured by lawyers and memorialized in formal promissory notes that imposed real interest payment obligations - is relevant to rebut the inference that these were simply sham loans directed by Mr. Bankman-Fried to conceal the source of the funds,”" his lawyers said, asking for approval from the court.
Bankman-Fried's lawyers want to specifically ask Wang about which attorneys were involved in the loans, what documents they prepared and whether he had "any concerns about the loans at the time he signed them."
The tie-in
The relationship between Alameda and FTX has been a crucial part of the case and the trial so far. Wang testified last week that, under Bankman-Fried's direction, Alameda Research was given the ability to withdraw funds even if its account had a negative balance. Wang noted that the funds, in that circumstance, would come from FTX customer deposits.
Wang's testimony is expected to continue into Tuesday and be followed by former Alameda Research CEO Caroline Ellison later in the day.
#crypto2023 #cryptocurrency #cryptonews #DIGITALSTORY
Top Crypto News in August 2023
Berikut adalah 18 berita terkini mengenai cryptocurrency pada bulan Agustus 2023:
Shiba Inu meluncurkan Shibarium, solusi penskalaan layer-2 di Ethereum pada 17 Agustus 20231.
Bitcoin halving belum dapat menjadi kepastian akan berpengaruh pada kripto1.
Token TCRV melonjak 25% pada grafik mingguan1.
Badan Pengawas Perdagangan Berjangka Komoditi (Bappebti) memperbarui daftar aset kripto legal di Indonesia1.
Dominasi Bitcoin mencapai level tertinggi dalam dua tahun terakhir1.
Shibarium siap rilis pada bulan Agustus 20232.
Jump.trade menguasai pasar #NFT dengan pertumbuhan pengguna mencapai 721% 2.
Dokumen mengungkapkan USDT menggunakan jaminan sekuritas China2.
ERC-6551: Pendorong revolusi baru dalam dunia NFT2.
Polygon (MATIC) mengubah tata kelola menjadi lebih cepat, demokratis, dan efisien2.
Kasus Ripple vs SEC mendekati akhir yang menentukan2.
Harga #Bitcoin menghijau pada tanggal 20 Agustus 20233.
#XRP memimpin penguatan harga kripto pada tanggal 20 Agustus 20233.
Prediksi bahwa altcoin akan terus ungguli Bitcoin pada bulan Agustus 20234.
Prediksi bahwa #Ethereum (ETH) akan naik minimal 10% dibandingkan dengan Bitcoin4.
Harga Bitcoin turun drastis karena pengaruh Elon Musk5.
Harga kripto secara keseluruhan anjlok pada tanggal 18 Agustus 20236.
Harga Bitcoin melemah 9,05% pada tanggal 18 Agustus 20236.
Harap diingat bahwa pasar #cryptocurrency sangatlah fluktuatif dan dapat berubah dengan cepat. Oleh karena itu, disarankan untuk tetap mengikuti berita dan tren terbaru di industri ini.
Shiba Inu meluncurkan Shibarium, solusi penskalaan layer-2 di Ethereum pada 17 Agustus 20231.
Bitcoin halving belum dapat menjadi kepastian akan berpengaruh pada kripto1.
Token TCRV melonjak 25% pada grafik mingguan1.
Badan Pengawas Perdagangan Berjangka Komoditi (Bappebti) memperbarui daftar aset kripto legal di Indonesia1.
Dominasi Bitcoin mencapai level tertinggi dalam dua tahun terakhir1.
Shibarium siap rilis pada bulan Agustus 20232.
Jump.trade menguasai pasar #NFT dengan pertumbuhan pengguna mencapai 721% 2.
Dokumen mengungkapkan USDT menggunakan jaminan sekuritas China2.
ERC-6551: Pendorong revolusi baru dalam dunia NFT2.
Polygon (MATIC) mengubah tata kelola menjadi lebih cepat, demokratis, dan efisien2.
Kasus Ripple vs SEC mendekati akhir yang menentukan2.
Harga #Bitcoin menghijau pada tanggal 20 Agustus 20233.
#XRP memimpin penguatan harga kripto pada tanggal 20 Agustus 20233.
Prediksi bahwa altcoin akan terus ungguli Bitcoin pada bulan Agustus 20234.
Prediksi bahwa #Ethereum (ETH) akan naik minimal 10% dibandingkan dengan Bitcoin4.
Harga Bitcoin turun drastis karena pengaruh Elon Musk5.
Harga kripto secara keseluruhan anjlok pada tanggal 18 Agustus 20236.
Harga Bitcoin melemah 9,05% pada tanggal 18 Agustus 20236.
Harap diingat bahwa pasar #cryptocurrency sangatlah fluktuatif dan dapat berubah dengan cepat. Oleh karena itu, disarankan untuk tetap mengikuti berita dan tren terbaru di industri ini.
