Sam Bankman-Fried Appeals Fraud Conviction, Prosecutors ‘Eager for Quick Headlines’
Sam Bankman-Fried Appeals Conviction: Sam Bankman-Fried, founder of #FTX. has filed for a new trial, claiming he was denied a fair hearing during his initial fraud conviction. Claim of Media Focus by Prosecutors: His legal team argues that federal prosecutors were more focused on securing quick headlines rather than ensuring justice during his trial. Conviction and Sentence: Bankman-Fried was convicted of fraud and money laundering related to the collapse of FTX, leading to a 25-year prison sen
Binance Labs Invests in OpenEden: Pioneering Real-World Asset Tokenization in DeFi
In the ever-evolving world of decentralized finance (DeFi), new opportunities are constantly emerging as #BlockchainTechnology advances. One of the most exciting innovations within the #DEFİ space is the tokenization of real-world assets (RWAs), which promises to bridge the gap between traditional finance (TradFi) and decentralized systems. #BinanceLabs , the venture arm of Binance, has made a significant investment in OpenEden, a platform that is at the forefront of this movement. #OpenEden is
Donald Trump Reveals Launch Date for Family Crypto Venture
In a surprising yet bold move, former U.S. President Donald Trump has announced the launch of his family’s ambitious crypto project—World Liberty Financial (WLF). The project aims to introduce a groundbreaking decentralized financial ecosystem, set to launch on September 18, 2024. A live-streamed event on September 16, straight from Trump’s Mar-A-Lago residence, will reveal the full vision for the future of digital finance. As Trump integrates cryptocurrency into his 2024 presidential campaign p
UK 🇬🇧 INTRODUCES NEW BILL IN PARLIAMENT TO CLARIFY LEGAL STATUS OF #Crypto . UNDER THIS LAW, #Bitcoin❗ AND OTHER #Cryptocurrencies ASSETS WILL BE CONSIDERED AS PERSONAL PROPERTY.
#Bitcoin❗ is completing every major support retest in the book, similar to what we saw in September 2023 before the explosion upwards in price. Here it's SOPR. All Second Early Tops have visited the 1.0 value line where they would then bottom out before Red Year, the real bull market. All around the same time too! October, August, September, and now September once again. Just in time for recession predictions to spark back up. The same thing that happened in September 2023, and at the cycle bottom in November 2022.
Ethereum Name Service $ENS Token Soars 7.5% After #PayPal and #venmo Adoption: What It Means for #Crypto Users
The cryptocurrency market is witnessing a pivotal moment as Ethereum Name Service (ENS) tokens have surged by 7.5%, reaching $17.8. This surge follows a groundbreaking announcement that PayPal and Venmo are integrating ENS technology into their platforms. With over 270 million users across the United States, PayPal and Venmo now allow crypto transfers using ENS-readable names, simplifying and streamlining the process. This move is set to revolutionize how everyday users interact with #cryptocurrency , making transactions more secure and user-friendly, particularly for those new to the space.
TRON, TETHER and TRM Labs Join Forces to Combat Illicit USDT Transactions: Inside the New T3 Financial Crime Unit (FCU)
The T3 Financial Crime Unit is a strategic partnership between TRON, #Tether and TRM Labs—each bringing their unique strengths to the table. The unit was established to address growing concerns about the misuse of USDT on the #TRON✅ blockchain, with a special focus on preventing illegal activities such as #moneylaundering , terrorist financing, and scams. #CryptoNewss $TRX
#Nigeria's SEC Crackdown: Nigeria's Securities and Exchange Commission (SEC) plans to enforce actions against unregulated cryptocurrency firms. The #SEC aims to ensure all crypto operators comply with the country's regulations.
Licensing of Crypto Exchanges: The SEC has begun issuing licenses to compliant exchanges, including Quidax and Busha. Five other firms are currently testing their business models under the Regulatory Incubation Program (RI).
Regulatory Incubation Program (RI): The RI Program was introduced to allow firms operating before the May 2022 crypto regulations to test their products and technologies under SEC supervision.
Blocking of Some Exchanges: Despite the move towards regulation, some exchanges have been blocked in Nigeria, while others, like #Coinbase , remain accessible.
Binance Legal Drama: The ongoing legal disputes involving #Binance executives, including the prolonged detention of a Binance executive, Tigran Gambaryan, have raised concerns. BICCoN warns this could harm Nigeria's #blockchain ecosystem and deter potential investors.
Balance Between Regulation and Innovation: While the SEC aims to enforce regulation, it asserts that it will not hinder innovation, emphasizing that a regulated market is crucial for growth.
International Attention: US lawmakers have expressed concern over Gambaryan’s detention and health conditions in Nigerian custody. Despite being cleared of tax evasion charges, Gambaryan faces separate money laundering accusations.
#BlackRock iShares Bitcoin Trust (IBIT) Sees $9 Million Outflow: What Does It Mean?
The #BitcoinETF💰💰💰 market is at a pivotal moment, with institutional interest accelerating and investment advisors driving growth. While there are occasional outflows, as seen with BlackRock's IBIT and #Grayscale's GBTC, the overall trend points to increasing inflows and adoption of #Bitcoin❗ ETFs. As more institutional players and financial advisors recognize $BTC as a viable long-term investment, Bitcoin ETFs are poised for continued growth. The developments in the ETF space, especially the record inflows seen on September 9, illustrate the growing role of Bitcoin in modern investment portfolios.
Metaplanet’s Bold Bitcoin Bet: Japanese Firm Boosts Holdings Amid Economic Uncertainty and Market Volatility
The firm recently acquired 38.464 BTC for approximately $2 million, bringing its total Bitcoin holdings to 398.832 BTC, now valued at around $26 million.
Tokocrypto's acquisition of the PFAK license marks a significant milestone, not only for the exchange but for Indonesia's entire #cryptocurrency market. With a user base of over 4.5 million, a 170% increase in trading volume, and a 43% market share, Tokocrypto has firmly established itself as a leader in Indonesia's fast-growing crypto industry. Backed by #Binance and aligned with the country’s regulatory standards, #Tokocrypto is poised to continue its rapid growth and play a pivotal role in shaping the future of #Crypto in Indonesia.