Jack Dorsey-led Block, a Bitcoin-focused fintech company, published its third-quarter earnings report on Nov. 2 that revealed a profitable quarter for the firm, surpassing analyst estimates. The firm saw $5.62 billion in revenue in the third quarter of 2023, boosted by strong revenue growth in Cash App and Square and made $44 million in profit on its Bitcoin holdings thanks…
The Joint Chiefs of Global Tax Enforcement (J5), a global anti-tax fraud group, hosted investigators, cryptocurrency experts and data scientists in ‘The Cyber Challenge’ event to track down individuals and organizations committing tax fraud. The J5 members are composed of the criminal intelligence communities from Australia, Canada, the Netherlands, the United Kingdom and the United States that collaborate in the…
The now-infamous collapse of FTX sent shockwaves through the broader cryptocurrency space in 2022, but the Solana ecosystem was particularly hard hit in the fallout. Speaking exclusively to Cointelegraph at the latest edition of the Solana Breakpoint conference hosted in Amsterdam, Solana co-founder and CEO Anatoly Yakovenko recalls his concern for several projects that were building on the layer 1…
The National Bank of Georgia (NBG) has selected Ripple Labs Inc., a leading blockchain payments platform, as the official technology partner for developing Digital Lari, their central bank digital currency (CBDC) project. Ripple said in a statement that the partnership will encompass the implementation and deployment of the Digital Lari pilot initiative through the Ripple CBDC Platform. The National Bank of Georgia…
The United States Securities and Exchange Commission (SEC) has refuted the jury’s conclusion regarding Terraform Labs’ alleged violations and has demanded a summary judgment on all the claims. A court filing from Oct. 27 showed the SEC’s reluctance to accept the jury’s leniency on Do Kwon and his involvement in facilitating the frauds that eventually led to the collapse of…
Cryptocurrency has not only transformed the way we think about money but also opened up a plethora of investment opportunities for all levels of investors. A standout among these is crypto arbitrage trading, a concept that intrigues many. But what is it, and how does it work? In this article, I will break down what cryptocurrency arbitrage trading is and…
U.S. Attorney Damian Williams called Bankman-Fried’s crimes “a multibillion-dollar scheme designed to make him the king of crypto” and one of the biggest financ… Source: https://cointelegraph.com/app/public/index.php/news/ftx-founder-sam-bankman-fried-found-guilty-on-all-charges
The former FTX CEO is headed back to prison and awaits a potential second trial in March, while his lawyers pledged to “continue to vigorously fight the charges against him.” Source: https://cointelegraph.com/news/whats-next-sam-bankman-fried-prison-ftx-criminal-trial
Individual creators and brands will ultimately determine the future of the metaverse, as opposed to any centralized entity, according to the co-founders of The Sandbox. On Nov. 3, the team behind the Ethereum-based metaverse launched The Sandbox Map, allowing “LAND” owners to publish their own experiences without needing to partake in an application process (which was previously required). “Now [anyone]…
Sam Bankman-Fried is now entering a new, darker chapter in his life, as the last one ended with a guilty verdict in his criminal trial in New York. After only a few hours of deliberation Thursday evening, a Manhattan jury convicted Sam Bankman-Fried of all seven counts of fraud and conspiracy charges levied against him by the U.S. government, bringing…
