The United States Department of Justice (DOJ) has filed for all of Sam Bankman-Fried’s proposed expert witnesses to be excluded from testifying in the disgraced crypto mogul’s upcoming October trial. Documents filed late Monday by the DOJ read “The defense’s proposed experts and accompanying disclosures suffer from an array of deficiencies that warrant preclusion of all seven witnesses.” Authorities claim…
Crypto exchange Binance is considering a withdrawal from the Russian market, according to media reports. A Binance spokesperson told The Wall Street Journal that, “All options are on the table, including a full exit.” Earlier this week, the WSJ reported, Binance blocked users in Russia from exchanging cryptocurrencies other than rubles on its peer-to-peer trading service. Binance declined Decrypt’s request…
The world’s largest crypto exchange Binance has removed Banco de Venezuela as a payment method on its peer-to-peer (P2P) trading service. This follows similar moves with sanctioned Russian banks last week, and is likely part of efforts to fall in line with international financial sanctions. According to Venezuelan users, Banco de Venezuela has vanished from the P2P payments options this…
The United States Department of Justice (DOJ) filed a motion on Aug. 28 to have all seven of the expert witnesses for Sam Bankman-Fried banned from testifying in court. In the motion, the DOJ claims Bankman-Fried’s proposed experts and their accompanying disclosures “suffer from an array of deficiencies,” which it believes warrant being barred from the trial. It continued to…
Millions of new crypto investors could be experiencing their very first bull run soon, and those who’ve been through it have shared how they plan to tackle it. Source: https://cointelegraph.com/public/index.php/news/how-crypto-traders-are-preparing-for-upcoming-bull-run
The United States Securities and Exchange Commission’s (SEC) first enforcement action on a nonfungible token (NFT) project triggered responses from community members, pointing out how the decision could be “problematic,” and how many NFT projects fit the description and may be next on the SEC’s hit list. On Aug. 28, the SEC charged the entertainment company Impact Theory for allegedly…
The first-ever spot Bitcoin exchange-traded fund (ETF) launched on the European market has been classed as an Article 8 fund by its issuer firm, London-based Jacobi Asset Management. Funds included under Article 8 of the European Sustainable Finance Disclosure Regulation (SDFR) are those that “promote environmental and/or social characteristics.” On Aug. 29, Bloomberg reported that Jacobi Asset Management has classified…
Decentralized exchange (DEX) platform dYdX will unlock $14.02 million worth of DYDX (DYDX) tokens dedicated to the community treasury and rewards for traders and liquidity providers. On Aug. 29, dYdX will release 6.52 million in-house tokens, representing 3.76% of the DYDX circulating supply. Out of the lot, 2.49 million DYDX tokens — worth $5.36 million — will be allocated to…
Digital Currency Group (DCG) has reached an in-principle agreement with Genesis Global’s creditors to resolve the claims that emerged during the crypto lender’s bankruptcy, as revealed in a filing with the U.S. bankruptcy court in the Southern District Of New York on Monday. Genesis Global Holdco, LLC and two of its lending business subsidiaries, Genesis Global Capital, LLC and Genesis…
The mining company, which has been one of a number of firms to struggle amid negative market conditions and a highly-competitive mining ecosystem, reported half year net losses of $18.8 million in 2023, down over 50% from a net loss of $39.6 million in H1 2022. Argo also notes that it has reduced its debt by $4 million in 2023,…
