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Former FTX Co-CEO Ryan Salame to Plead the Fifth, Declares Himself ‘Unavailable as a Witness’

August 15, 2023 0

U.S. federal prosecutors have unveiled court documents indicating that ex-FTX CEO Sam Bankman-Fried (SBF) is entangled in a web of allegations, with illegal political campaign financing being a significant charge. In light of these allegations against SBF, Ryan Salame, FTX Digital Markets’

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Russian Ruble Plunges to 16-Month Low vs the US Dollar — Experts Cite Oil Price Cap

August 15, 2023 0

The Russian currency’s exchange rate versus the U.S. dollar recently dropped below RUB100 per greenback — its lowest in 16 months. Economists attribute the ruble’s latest plunge to the effectiveness of a price cap imposed on Russian oil by Western countries. Russ Mould said a strengthening U.S. dollar could be the reason why the Russian […]

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Michael Burry Bets $1.6 Billion Against Market: ‘Big Short’ Investor Takes Bearish Stance on S&P 500 and Nasdaq

August 15, 2023 0

In filings with securities authorities released on Monday, renowned hedge fund manager Michael Burry, whose exploits were famously captured in the film “The Big Short,” took a bearish stance on the market. Burry’s Scion Asset Management shorted the S&P 500 and Nasdaq 100 for the close of the second quarter, wagering approximately $1.6 billion on […]

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Crypto Crashes and Climate Chaos: FDIC Highlights Key Banking Risks in 2023

August 15, 2023 0

The U.S. Federal Deposit Insurance Corporation (FDIC) flagged escalating risks from cryptocurrencies in its annual review of risks facing the banking industry. FDIC: Cryptos and Climate Top Risk List for Banks in 2023 Cryptocurrencies present “novel and complex risks” that are difficult to assess amid recent volatility, according to the report. Growth in crypto assets […]

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Biggest Movers: SOL, TON Move to Multi-Week Highs on Tuesday

August 15, 2023 0

Solana was one of Tuesday’s big gainers, rising to a multi-week high following a ‘death cross’ of moving averages. The move came despite the global market cap falling marginally lower as of the time of writing. Toncoin was another notable mover, rising for a sixth-straight day. Solana (SOL) Solana (SOL) surged higher on Tuesday, as […]

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From Crypto Custodian to Court: Prime Trust Files for Bankruptcy Protection

August 15, 2023 0

In the wake of financial upheavals and regulatory hurdles, Prime Trust, a digital currency custodian, has formally sought Chapter 11 bankruptcy protection. This move closely follows the appointment of John Guedry as the company’s overseer, bolstered by a designated committee to steer the restructuring process. Crypto Custodian Prime Trust Files for Chapter 11 Bankruptcy

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LBank Revives IEO: A Look at the IEO Powerhouse LBank and its Historical Yields

August 15, 2023 0

As the cryptocurrency market has witnessed a decline for over a year, many investors have chosen to liquidate their assets or move to alternative markets. However, 2023 has painted a different picture, positioning cryptocurrency as one of the best-performing investments. According to CoinMarketCap, the total crypto market capitalization rebounded from a low of $780.9

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Bitcoin, Ethereum Technical Analysis: BTC Unmoved by Better Than Expected US Retail Sales Data

August 15, 2023 0

Bitcoin mostly consolidated on Tuesday, as traders anticipated the release of July’s retail sales data from the United States. Sales rose by 0.7%, better than the 0.4% expected, and this comes following a 0.2% increase in June. Ethereum also remained unchanged prior to the data. Bitcoin Bitcoin (BTC) was trading in the red for the […]

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How to Recover Ethereum From Old GETH Wallets – KeychainX Expert Explains

August 15, 2023 0

Recovering an old GETH client can be a daunting task, but with the right hardware, software and information, it is possible. It involves locating the wallet file and cracking the password, using specialized tools such as those developed by the digital assets recovery experts at KeychainX. Once the password is recovered, the wallet can be […]

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Stanford School Newspaper Highlights the Irony of Sam Bankman-Fried’s Scheduled Stanford Talk on Ethics Amidst Legal Chaos

August 15, 2023 0

Sam Bankman-Fried (SBF), a once towering figure in the crypto world and former FTX CEO, was curiously slated to share his insights on tech ethics with Stanford students this winter. In a thorough examination penned by Theo Baker for the Stanford Daily, the details of SBF’s multifaceted relationship with one of the globe’s most respected […]