In a motion filed on Oct. 10, Sam “SBF” Bankman-Fried’s lawyers requested that the court allow for the introduction of evidence supporting positive investment outcomes such as an investment in the artificial intelligence (AI) start-up Anthropic. This comes after United States prosecutors filed a request on Oct. 9 to bar SBF’s legal team from making any arguments related to FTX customer…
Botanix Labs founder Willem Schroé argues a “huge amount of value” from real-world assets will be captured on Bitcoin, provided it connects to the Ethereum Virt… Source: https://cointelegraph.com/app/public/index.php/news/bitcoin-needs-ethereum-evm-botanix-founder
Cryptocurrency exchange Binance is scaling its tools aiming to prevent unnecessary trading fees associated with unintentional self-trades. Binance will fully roll out the self-transaction prevention (STP) function for all users of spot and margin trading on Oct. 26, the firm announced on its blog on Oct. 11. Following the integration, the “expire maker” STP mode will be the default mode…
Bitcoin (BTC) broke lower on Oct. 11 as $27,000 saw its first real test since the start of the month. BTC/USD 1-hour chart. Source: TradingView BTC price battles for support after daily “death cross” Data from Cointelegraph Markets Pro and TradingView tracked increasing overnight BTC price weakness, including a trip to $26,978 on Bitstamp. Bitcoin thus came full circle for…
A body representing North America’s state securities regulators took aim at arguments made by crypto exchange Coinbase in its defense against the SEC. Source: https://cointelegraph.com/app/public/index.php/news/securities-regulators-back-sec-in-coinbase-suit
The Central Bank of Nigeria (CBN) had to publicly insist that their project, one of the world’s first operating central bank digital currencies (CBDC), doesn’t threaten the country’s financial stability. The press release from the CBN came out on Oct. 9 in response to “news items on some media platforms,” suggesting that the eNaira threatens Nigeria’s financial stability. Some news…
Digital assets should not be seen as “somehow special,” nor should action against Coinbase be seen as “novel or extraordinary,” argues an association of North American securities regulators. In an Oct. 10 filing in a New York District Court supporting the United States Securities and Exchange Commission, the North American Securities Administrators Association (NASAA) argued that digital assets need not…
Web3 gaming platform Immutable has partnered with Amazon Web Services to extend options for game developers as the cloud service provider expands its startup accelerator programs. In an Oct. 10 blog post, Immutable said AWS added it to a list of companies within its ISV (independent software vendors) Accelerate Program, where organizations provide software solutions that run on or integrate…
A bipartisan parliamentary committee has urged the British government to protect creators from copyright infringement associated with nonfungible tokens (NFTs) and address potential harms from sporting groups issuing digital assets. In an Oct. 11 press release, Culture, Media and Sport Committee members warned the “most pressing issue” was the risk to artists’ intellectual property rights arising from the ease and…
A Brazilian congressional committee has recommended local law enforcement move to indict Binance CEO Changpeng “CZ” and three other Binance executives following a probe into financial pyramid schemes in Brazil. On Oct. 10 the committee released a 500-page final report accusing Zhao and local Binance executives Daniel Mangabeira, Guilherme Haddad Nazar and Thiago Carvalho of fraudulent management practices, operating without…
