The post Sam Bankman-Fried is remanded to Jail Following a bail hearing in New York! appeared first on Coinpedia Fintech News Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, has been remanded to jail following a bail hearing in New York. US prosecutors have deemed the disgraced crypto mogul a flight risk, accusing him of […]
Microstrategy’s Stock Soars 206% After Adopting Bitcoin Strategy
Microstrategy’s stock (Nasdaq: MSTR) has risen 206% after the company adopted bitcoin as its primary treasury reserve asset. The business intelligence firm now holds 152,800 bitcoins, acquired for a total cost of $4.53 billion, and it has plans to buy even more. Microstrategy’s Stock Outperforms Bitcoin, S&P500, Nasdaq, Gold, Silver The stock of business intelligence […]
XRP’s Security Status: Attorney Deaton Offers Insight Amidst SEC Appeal In Ripple Vs SEC lawsuit
The post XRP’s Security Status: Attorney Deaton Offers Insight Amidst SEC Appeal In Ripple Vs SEC lawsuit appeared first on Coinpedia Fintech News In a recent court filing, the Securities and Exchange Commission (SEC) has submitted an “interlocutory appeal” to Judge Torres, overseeing the Ripple vs. SEC lawsuit. The appeal seeks the federal appeals court’s […]
Senator Lummis files Amicus Brief supporting Coinbase’s dismissal motion against SEC
Senator Lummis argued that the SEC is attempting to “circumvent the political process” by establishing itself as the main authority on crypto. Crypto-friendly Senator Cynthia Lummis has filed an Amicus Brief supporting Coinbase’s motion to dismiss the U.S. Securities and Exchange Commission’s lawsuit against the firm. An Amicus Brief is a document filed in court […]
Crypto Exchange Bittrex Settles With SEC — Agrees to Pay $24 Million
Cryptocurrency exchange Bittrex has agreed to settle charges with the U.S. Securities and Exchange Commission (SEC). Bittrex and Bittrex Global agreed to pay $24 million. The SEC’s director of enforcement alleged that for years, Bittrex worked with token issuers to “scrub” their online statements “to evade the federal securities laws.” Bittrex Settles With SEC The […]
BRICS Expansion to Make West Recognize New World Order, De-Dollarization: UAE Professor
The accession of new members will allow BRICS to push the West to accept changes in international relations, an expert from UAE has been quoted as stating. That’s valid in particular for cross-border trade and de-dollarization, said Mohamed El Yattioui, professor at the American University in the Emirates. BRICS Bloc to Benefit From Inducting New […]
Custodia Bank Goes Live: Bridging Digital Assets With US Dollar Payments
Custodia Bank, the financial institution that aims to bridge digital assets with the U.S. dollar payment system, is now live. Last month, Custodia started serving external business customers in select U.S. states, offering U.S. dollar deposits and government money market fund services, with bitcoin custody pending launch. The launch comes after overcoming regulatory pressures and […]
Sam Bankman-Fried arrested as bail is revoked
Sam Bankman-Fried, the founder and former CEO of FTX, has had his bail revoked and will now be held in prison, Reuters said on Aug. 11. That report indicates that U.S. District Judge Lewis Kaplan revoked Bankman-Fried’s bail following earlier concerns about witness tampering. Judge Kaplan noted during the latest hearing that Bankman-Fried had provided […]
Scientists used AI to find and track 95K ‘cryptocurrency free giveaway’ scams on Twitter
The San Diego State University team uncovered nearly a million dollars were scammed from victims via the Lists feature on Twitter — now called X. Researchers from San Diego State University in California developed an artificial intelligence (AI) system to identify, track and expose free cryptocurrency giveaway scams on X (formerly Twitter). Called GiveawayScamHunter, the […]
Crypto Biz: PayPal’s stablecoin goes live, Bitstamp seeks capital, and Coinbase’s L2
This week’s Crypto Biz explores PayPal’s stablecoin, Coinbase’s new layer 2 network, Bitstamp’s fundraising and the growing popularity of crypto bots on Telegram. In a move that can reshape the digital payments landscape, financial technology giant PayPal has unveiled its United States dollar-pegged stablecoin PayPal USD (PYUSD). In line with expectations, the launch has ignited […]