Cointelegraph By Prashant Jha
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Sam Bankman-Fried lawyers pitch for changes to judge’s jury instruction
Cointelegraph By Prashant Jha - 0
Attorneys representing former FTX CEO Sam Bankman-Fried have written another letter to the presiding judge, seeking changes to the jury instructions. In the letter addressed to Judge Lewis Kaplan, the defense attorneys requested that the jury consider the role of English law in governing FTX’s terms of service.The...
Rising M2 money supply will see crypto become ‘Super Massive Black Hole’: Raoul Pal
Cointelegraph By Prashant Jha - 0
The rising total money supply (M2) could propel crypto into another bull rally and help it outperform the traditional markets, according to Raoul Pal, co-founder and CEO of financial media platform Real Vision. Pal’s X post highlighted the correlation between the rising fiat market supply and the start...
Audits and rug-pulled projects, a $650B token burn, and major DeFi protocol quits UK: Finance Redefined
Cointelegraph By Prashant Jha - 0
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.The past week in DeFi was filled with bullish resurgences for many projects, but it was the Uniswap founder’s $650 billion...
Gary Gensler teases details of SEC’s $5 billion take from enforcement actions, shades crypto
Cointelegraph By Prashant Jha - 0
The United States Securities and Exchange Commission (SEC) chief Gary Gensler’s speech before the 2023 Securities Enforcement Forum shed light on the regulatory body’s enforcement actions that led to $5 billion in judgments and orders. However, Gensler’s dig at the cryptocurrency market became a talking point for the...
Court-ordered NFTs and the importance of Web3 randomness: Nifty Newsletter
Cointelegraph By Prashant Jha - 0
Welcome to the latest edition of Cointelegraph’s Nifty Newsletter. Keep reading to stay up-to-date with the latest stories on nonfungible tokens. Every Wednesday, the Nifty Newsletter informs and inspires you to dig deeper into the latest NFT trends and insights.In this week’s newsletter, read about how a nonfungible...
Bitfinex Securities, a platform focused on listing real-world tokenized securities has announced its first tokenized bond that will be listed later in November this year. The new tokenized bond called ALT2611 is a 36-month, 10% coupon bond, denominated in USDT and issued by Mikro Kapital, one of the...
The United States Securities and Exchange Commission has fined investment adviser BlackRock Advisors $2.5 million, accusing it of failing to accurately describe investments in the entertainment industry that comprised a significant portion of a publicly traded fund it managed.According to the SEC’s filing, between 2015 and 2019, BlackRock Multi-Sector Income...
Bitcoin price surge brings BTC-related stocks to new multi-week highs
Cointelegraph By Prashant Jha - 0
The Bitcoin (BTC) price surge on Monday has now catapulted Bitcoin-related stocks to surge to new highs with the likes of Coinbase and Microstrategy posting new multi-week highs.Bitcoin mining stocks saw significant gains amid the BTC price momentum with the likes of United States-listed Riot Blockchain recording an...
Bitcoin price surge sees significant asset outflow on crypto exchanges
Cointelegraph By Prashant Jha - 0
Major crypto exchanges recorded a net outflow on Oct. 24 as the price of Bitcoin (BTC) briefly touched the $35,000 mark for the first time in a year. The movement of funds away from exchanges is considered a bullish sign, as it indicates traders are moving their assets...
California bill aims to cap crypto ATM withdrawals at $1K per day to combat scams
Cointelegraph By Prashant Jha - 0
California legislators have proposed a new bill titled “Digital financial asset transaction kiosks,” calling for a cap on crypto ATM withdrawals of $1,000 per day in light of growing scams. Additionally, starting in 2025, the law would limit operators’ fees to $5 or 15% (whichever is higher). The bill,...