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Bankman-Fried pleaded not guilty to all seven counts of fraud charges related to the collapse of crypto exchange FTX. The ongoing criminal trial involving FTX founder Sam Bankman-Fried (SBF) will move into closing arguments on November 1.  On Day 15 of the SBF trial , lead defense attorney Mark Cohen's request for acquittal was denied by presiding judge Lewis Kaplan. Instead, the case will move to closing arguments from both sides at 9:30 a.m. ET (1:30 p.m. UTC) on Nov. 1, with all evidence discovery concluded. Attornies from both sides declined to call any further witnesses.  SBF has pleaded not guilty to all seven fraud-related charges in his criminal case, but is expected to face five more counts in a second trial scheduled to start in March 2024, including the alleged $150 million bribe of a Chinese government official. During discovery, prosecutor Danielle Sassoon presented documents, tweets, and corporate messages attesting that the crypto executive siphoned $8 billion ...

October was a positive and highly volatile month for the broader crypto currency market. Bitcoin (BTC) surged by 28% in the last 30 days, driving other projects to massive gains in a short-term bull rally. In particular, Injective (INJ), Mina (MINA), and Solana (SOL) led the top 100 cryptocurrencies in performance, with monthly gains of 71.25%, 58.54%, and 58.18%, respectively, as per data retrieved by Finbold from CoinMarketCap ’s 30-day top gainers on October 31. Interestingly, Solana has been carving its results as one of the best-performing crypto year-to-date. At the same time, Injective has been surprising many analysts with extraordinary gains in October, going up in ranks by market capitalization to the 44th position, according to CoinMarketCap . 30-day top gainers among the top 100 cryptocurrencies (October 31). Source: CoinMarketCap Injective (INJ) Meanwhile, INJ is trading at $13.62 per token for the best month-over-month performance in the top 100 crypto . Injectiv...

While unlikely, Bloomberg’s ETF analysts conceded that there’s always a possibility that SEC Chair Gary Gensler could be waiting until the last moment to deny the flurry of pending spot Bitcoin ETF applications. There’s a slim chance the United States Securities and Exchange chief Gary Gensler could pull the plug on spot Bitcoin (BTC) exchange-traded funds in one “amazingly sadistic” move, according to Bloomberg ETF analysts .  In an Oct. 31 tweet directed at senior Bloomberg ETF analysts James Seyffart and Eric Balchunas, ETF commentator Dave Nadig posed whether Gensler may be allowing for spot Bitcoin ETF applications to pile up just to deny them all at once in a “semi-comedic rug-pull.” “I'm sure it will be much more boring than this -- but sometimes it does feel like this is all a setup for a giant Gensler semi-comedic rug-pull,” said Nadig. I'm sure it will be much more boring than this -- but sometimes it does feel like this is all a setup for a giant Gensler semi-comed...

A jury in the US District Court for the Southern District of Florida ruled that friends David Kleiman and Craig Wright never formalized a partnership to develop the original Bitcoin protocol and mine some 1.1 million bitcoin. As a result, jurors said, there is insufficient legal grounds to demand that the two men split half of the purported billions of dollars worth of bitcoin. That is, of course, if Craig Wright even controls those bitcoin — which is highly doubtful. The estate of David Kleiman appealed the jury’s decision that no partnership existed to the US 11th Circuit Appellate Court. However, 11th Circuit judges affirmed the Floridian jury ruling. David Kleiman passed away in 2013. His estate is managed by David’s surviving brother Ira Kleiman, who argued that Wright transferred intellectual property from W&K Info Defense Research LLC. W&K was co-founded by Craig Wright and Kleiman, to organizations controlled by Wright in a scheme to steal up to 1.1 mi...

A fresh wave of investor optimism has breathed new life into the crypto markets over the past week, driving Bitcoin (BTC) above the elusive $34,000 threshold, a level it hadn’t seen since May 2022.  Notably, amidst this resurgence, Dogecoin (DOGE), the leading meme-inspired cryptocurrency, emerged as one of the standout performers.  However, the excitement surrounding DOGE’s fortunes may not be over. On October 29, renowned cryptocurrency analyst Ali Martinez unveiled a significant bullish development for this unconventional digital asset, signaling potential further gains on the horizon. According to Martinez, also known as ali_charts on X, Dogecoin is demonstrating “promising signs,” with the cryptocurrency “ break ing out of a multi-year descending triangle” on the weekly chart. DOGE breaks out of a multi-year descending triangle pattern. Source: Ali Martinez Cryptocurrency DOGE, SHIB, and ADA hint at correction before bullish continuation ...

Estimates in September revealed that at least $35 million in crypto has been stolen from victims of the LastPass breach since 2022, with the latest hack adding to the toll. At least 25 people have reportedly seen $4.4 million in crypto drained from across 80 wallets due to a 2022 data breach that impacted password storage software LastPass. In an Oct. 27 X (Twitter) post, pseudonymous on-chain researcher ZachXBT said they and MetaMask developer Taylor Monahan tracked the fund movements of at least 80 wallets compromised on Oct. 25. “Most, if not all, of the victims are longtime LastPass users and/or confirm having stored their [crypto wallet] keys/seeds in LastPass,” Monahan said in an accompanying Chainabuse report. Just on October 25, 2023 alone another ~$4.4M was drained from 25+ victims as a result of the LastPass hack. Cannot stress this enough, if you believe you may have ever stored your seed phrase or keys in LastPass migrate your crypto assets immediately. pic.twitter.com/2...

Bitcoin (BTC) recently reached $35,000, sparking optimism in the crypto market. IntoTheBlock has analyzed key factors shaping its future, from institutional interest to cyclical patterns.  Institutional support for Bitcoin Crypto market data Analysis platform IntoTheBlock takes a dive into Bitcoin’s on-chain metrics this week, shedding light on its immediate and long-term prospects . Bitcoin’s resilience is evident, buoyed by both tactical strategies and institutional backing. We analyzed on-chain metrics regarding Bitcoin’s outlook in this week's newsletter. Bitcoin is showing strength both from a tactical and longer-term perspective, with institutional demand reinforcing cyclical tailwinds. Read the article for more detailshttps://t.co/1KpxdAHpcR — IntoTheBlock (@intotheblock) October 28, 2023 According to the report, Bitcoin’s fees have surged by 44.8%, mirroring increased transaction activity during the recent price rally. Meanwhile, Ethereum...

The popular meme asset Dogecoin (DOGE) is surging this week as billionaire Elon Musk reportedly aims to launch financial services on the social media platform X by the end of next year. According to a new report by The Verge, the business magnate says he expects X’s comprehensive financial Features to roll out by the end of 2024 and compete with traditional banks. As stated by Musk in a company-wide meeting, according to an audio recording obtained by The Verge, “When I say payments, I actually mean someone’s entire financial life. If it involves money. It’ll be on our platform. Money or securities or whatever. So, it’s not just like send $20 to my friend. I’m talking about, like, you won’t need a bank account… It would blow my mind if we don’t have that rolled out by the end of next year.” Currently, X is working on obtaining the proper licenses to be able to operate its financial services in the US, according to the report. There was no mention of Dogecoin i...

Cryptocurrency exchange Kraken will share selected user information with the IRS starting from the next month. According to The Block, the decision comes after it was ordered by a court order received in June. “Kraken expects to share this information covered by the court’s order in early November 2023.”  The Block The IRS and Kraken battle began in May 2021 when a US federal court allowed the tax agency to serve a John Doe summons on the cryptocurrency exchange and its subsidiaries in an attempt to catch tax evaders. The IRS said at the time that Kraken did not comply with the subpoena. In February 2023, the IRS filed a petition seeking certain customer data from the Kraken exchange. The requirements apply to users with more than $20,000 in trading volume in 12 months between 2016 and 2020. In April, Kraken filed a lawsuit against the IRS, which required the platform to provide user data. The company denies the regulator’s right to receive info...

Banks in India have introduced cashback and rewards to spur e-rupee transactions in the country. Large banks like HDFC and smaller lenders like Yes Bank and IDFC First Bank have introduced such incentives. The e-rupee, which launched last year, has struggled to hit the transaction target set by the Reserve Bank of India. Banks in India are pooling efforts to boost the popularity and use of the e-rupee, a central bank digital currency launched by the Reserve Bank of India, a local news outlet reported, citing three sources. The recent development comes on the heels of the central bank’s effort to attract users and drive trans action s. According to the report, the banks have introduced certain incentives, such as cashbacks and rewards, to drive e-rupee use upward. The sources said these benefits are similar to what the banks traditionally offer on credit and debit cards. The report noted that HDFC Bank, India’s largest private lender, has put out such ince...

The event was graced by Priyank Mallikarjun Kharge, Minister IT/BT Karnataka, Sh. Jayant Sinha , Chairman PSC-FINANCE and Member of Parliament (MP) and Sh. Rajeev Gowda, Vice Chairman, Karnataka Policy and Planning Commission, Former- MP, Rajya Sabha The three-day event, Unfold 2023, wrapped up with resounding success, bringing together over 2,500 participants. Highlights included the launch of the Unified Integrated CoinDCX App, a thriving multichain multiprotocol hackathon featuring more than 700 developers, and a captivating Demo Day. This event has solidified India’s prominent position in the global Web3 landscap.   Bengaluru, October 26, 2023 – Unfold 2023, India’s largest Web3 event organized by CoinDCX from October 19 -21, 2023, was wrapped up on a high note. The sheer scale of the event and the overwhelming success reflects the promising future of Web3 in India. This objective is no less than propelling the nation to the forefront of Web3 leadership, thereby ...

MoonPay and Mastercard have formed a collaboration to introduce additional Web3 technologies. MoonPay intends to enhance trust, compliance, and efficiency in Web3. MoonPay will leverage Mastercard’s Crypto Credential standards to validate interactions between consumers and businesses. MoonPay collaborates with Mastercard to incorporate additional Web3 technologies to enhance experiential marketing. MoonPay, a crypto payment service, shared on its website that it is teaming up with Mastercard to drive innovation and strengthen consumer connections. In the announcement, MoonPay claimed that by embedding Mastercard products and solutions, they would be able to drive “trust, compliance, and efficiency” within the Web3 ecosystem. Furthermore, MoonPay’s CEO, Ivan Soto-Wright believed that this collaboration was a “big step forward for Web3.” Soto-Wright stated that by collaborating with Mastercard, which is a prominent supporter of Web3 and the digit...

In the realm of content creation, three critical elements take center stage: “perplexity,” “burstiness,” and “predictability.” Perplexity, the measure of textual intricacy, sets the tone. Burstiness, on the other hand, paints a picture of sentence variation – a juxtaposition of long and intricate sentences with their shorter counterparts. Lastly, predictability evaluates the likelihood of predicting the next sentence. It’s interesting to note that humans tend to infuse their compositions with a generous dose of burstiness, creating a dynamic ebb and flow of ideas and words. In contrast, AI-generated sentences tend to march uniformly in step. With this in mind, when crafting the forthcoming content, our goal is to harness the power of perplexity and burstiness while minimizing predictability. This task shall be conducted exclusively in the English language. Now, let’s reconfigure the following text: In a spirited defense, Google pu...

TRON DAO is the leading blockchain network for stablecoin transfers. The blockchain network accommodates over 2.4 million active addresses weekly. According to Justin Sun, crypto adoption is still in its early stages. Defiant News, an independent DeFi news coverage platform, shared on X (formerly Twitter) a report showing that TRON was the leading block chain for stablecoin transactions. @TheChicagoVC recently dropped a report showing that @trondao was the leading block chain for stablecoin transfers with 2.4M weekly active addresses! @justinsuntron could you comment on how Tron has been able to become the leading block chain for stablecoin transfers? pic.twitter.com/IvlFEt1FlV — The Defiant (@DefiantNews) October 26, 2023 TRON founder Justin Sun has reaffirmed that crypto adoption is still in its early stages. Sun said this while responding to a user who asked how TRON made it to the top among the block chain s for stablecoin transfers. Def...

In the realm of content creation, there exist three critical elements: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text. Burstiness, on the other hand, measures the fluctuations in sentence structure and length. Lastly, predictability denotes the likelihood of anticipating the subsequent sentence. Human authors tend to infuse their writing with greater burstiness, employing a mix of extended and intricate sentences alongside shorter ones. Conversely, AI-generated content often exhibits a more uniform structure. Therefore, for the forthcoming text you are tasked with producing, it is imperative to infuse it with a substantial degree of perplexity and burstiness, while minimizing predictability. Additionally, the text must be composed exclusively in the English language. Now, let’s rephrase the following passage: On October 24, MicroStrategy, the publicly-traded company that boasts the largest Bitcoin ...

The White House said Tuesday that as part of its push to give consumers the “right to repair ” their devices, like iPhones, Apple would announce it’ll make the parts and tools needed to do so available nationwide . Source: Economic Times The announcement is part of President Joe Biden’s crackdown on so-called “junk fees” that increase prices for consumers. It comes after years of complaints by Apple customers over difficulty troubleshooting their own devices without paying hefty fees at Apple or affiliated tech stores. Also Read: MetaMask Removed From Apple App Store Apple will also back federal “right-to-repair” legislation that’s also endorsed by the White House, according to the White House. “Whether you are in California, Maine, or Michigan, Apple will make the parts, tools, and documentation needed to repair your Apple products available to you at reasonable prices, as outlined in the California law,” Biden’s top economic adviser, Lael Brainard...

Shiba Inu is a cryptocurrency that changed the lives of early investors for good. SHIB was released in August 2020 at a modest price of $0.00000000051 (nine zeroes) and was extremely affordable to the average Joe. A mere investment of $2,000 could have fetched investors trillions of tokens making it seem like an interesting affair. A truck driver from the U.S. got in early on Shiba Inu in 2020 and quit his job after making $1.7 million. The life-changing gains occurred less than a year after he poured a mere $650 into SHIB. The driver made generational wealth in a short period and now lives a life of financial freedom. Also Read: Becoming a Shiba Inu (SHIB) Millionaire Will Only Cost You $6.75 Shiba Inu: $650 Turns Into $1.7 Million in Less Than A Year Source: Pixabay A truck driver purchased $650 worth of Shiba Inu tokens in 2020 and got about his work as usual. Little did he know that he would turn a millionaire the next year and no longer drive for a living. In May 2021...

Chainalysis study suggested the U.S. is losing grip on $124.5 billion stablecoin market. Stablecoin inflows to 50 crypto services moved from U.S. entities to non-U.S.licensed platforms. North America leads in crypto despite declining licensed stablecoin transactions. Prominent blockchain research firm Chainalysis has disclosed that the United States government is potentially losing its regulatory grip over the $124.5 billion stablecoin market. Chainalysis made the claim in a study published on Monday, October 23. The report was part of the research firm’s latest findings on the Global Crypto Adoption Index, highlighting a significant shift in the landscape of stablecoin activity. According to the report, a growing portion of stablecoin activity now occurs through exchanges not licensed by the United States. Chainalysis found that stablecoin inflows to the 50 most prominent crypto services migrated from U.S.-licensed platforms to non-U.S.-approved business...

XRP surged 6% from $0.52 to $0.55 per token in the last 24 hours during the most recent bull rally in the cryptocurrency market.  This event created an excellent opportunity for Ripple to move another 70 million XRP ($38.5 million ) in preparation for what could be another possible sell-off. As for context, Ripple unlocked 1 billion XRP tokens on October 1, of which the company kept 200 million for this month’s payments. From the 200 million tokens, Ripple moved 135 million in two batches of 60 million on October 10, and 75 million on October 16. Notably, this most recent activity uses 65 million XRP from October’s escrow, while also using 5 million from the previous balance in the company’s main crypto wallet address (Ripple 1). Cryptocurrency Official: Judge drops charges against Ripple executives Cryptocurrency Ripple v. SEC: What’s next for the case? Cryptocurrency The end: Ripple v. SEC final court case update ...