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Jury selection for the criminal trial of former FTX CEO Sam Bankman-Fried was completed on the morning of Oct. 4 with opening arguments set for later in the day.
New York independent news outlet Inner City Press reported from inside the courtroom that 12 jurors and six alternates had been agreed upo...
News
04 Oct 2023
Mastering Volatility with Bitfinex: How This Resilient Crypto Exchange Gives Traders the Edge in the Crypto Market
Understanding volatility in the crypto market
The world of cryptocurrencies is known for its volatility, with prices fluctuating wildly within short periods. For traders, the ability to navigate and even capitalize on this is crucial to success. Understanding volatility in the crypto market is the f...
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04 Oct 2023
FTX creditors hope Google’s potential $2B investment in Anthropic will boost recovery prospects
The FTX 2.0 Coalition, a group comprised of FTX creditors, said Google’s potential $2 billion investment in artificial intelligence firm Anthropic could help the exchange’s defunct users become whole.
In an Oct. 4 post on X (formerly Twitter), the group highlighted that if Anthropic̵...
Bitcoin’s climb past the $27,000 mark this week, after a prolonged period of hovering around $26,000 throughout September, has triggered a significant market response.
Previous CryptoSlate analysis of the futures market found a marked decrease in derivatives trading. This trend signaled a waning int...
A $35 million villa in Singapore owned by Su Zhu, the co-founder of failed crypto hedge fund Three Arrows Capital (3AC), has reportedly been converted into a farm, local media Business Times reported.
According to the report, the Yarwood Avenue property has been repurposed into an urban ecological f...
News
04 Oct 2023
SBF Trial: Bankman-Fried cannot rely on US unclear crypto regulatory regime in trial, DOJ says
The U.S. Department of Justice (DOJ) has argued that FTX founder Sam Bankman-Fried cannot rely on the country’s lack of clear regulatory frameworks for the emerging industry in his defense.
In an Oct. 4 letter to Judge Kaplan, the DOJ wrote that there are prohibitions on misappropriation of cu...
News
04 Oct 2023
Ripple’s XRP price jumps 5% fuelled by Singapore licensing acquisition amidst crypto market downturn
Ripple’s XRP emerged as one of the rare gainers during a subdued 24 hours in the cryptocurrency market that saw Bitcoin (BTC) and other top digital assets lose their value.
Data from CryptoSlate reveals that XRP surged by approximately 5%, reaching $0.53018 as of press time. This uptick follow...
News
04 Oct 2023
Vitalik considers implications of adding ZK-EVM, other features to Ethereum mainnet
Ethereum founder Vitalik Buterin recently wrote an in-depth blog post exploring the question of which features should become official parts of the Ethereum protocol versus being built on top of it. This has been an ongoing debate as the network evolves.
In the early days, Buterin explains, Ethereum ...
The first day of the Sam Bankman-Fried (SBF) trial ended without a final jury being selected, and the process will continue for another day.
The U.S. District Court for the Southern District of New York plans to choose 12 jurors and six alternates through the process, which is expected to conclude o...
While the United States and Europe clamp down on crypto, new hubs are flourishing in the Asia Pacific region. Hong Kong recently opened its doors to crypto trading, and Vietnam and India were crowned the top crypto adopters in 2022.
For companies eager to enter these booming markets, bulletproof KYC...
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