Jesse Spiro said he intended to work with industry leaders and lawmakers to help grow the ecosystem in his role at Tether. Source: https://cointelegraph.com/news/tether-government-affairs-head-paypal?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: September 2024
In-Depth Study Reveals Stablecoins as Pivotal Players in Global Finance
As digital economies evolve, stablecoins emerge not just as mere facilitators for crypto trading but as pivotal tools in global financial systems. A comprehensive report by Castle Island Ventures and Brevan Howard Digital, sponsored by Visa, unveils the profound impact of stablecoins on monetary dynamics worldwide. Transforming Global Finance: The Rising Influence of Stablecoins According […] Source: https://news.bitcoin.com/in-depth-study-reveals-stablecoins-as-pivotal-players-in-global-finance/
Crypto Biz: Crypto fever hits wealth managers
This week’s Crypto Biz explores the launch of new crypto ETFs, CleanSpark’s acquisition of new mining sites, another round of conflict between Bitfarms and Riot, and more. Source: https://cointelegraph.com/news/crypto-biz-crypto-fever-hits-wealth-managers?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
‘Godmother of AI’ launches World Labs with $230M funding at $1B valuation
The company’s focus will be on developing artificial intelligence with 3D perception. Source: https://cointelegraph.com/news/godmother-ai-world-labs-230-million-funding?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Nigeria Accuses Four Crypto Traders of Forex Regulations Violations
The Nigerian government has filed criminal charges against four individuals and several firms for allegedly conducting illegal crypto transactions, including USDT to naira conversions, without a banking license. The four are Ejiogu A. Chinedu, Nnamdi F. Okereke, Oty Ugochukwu Stanley, and Chukwuebuka F. Ogumba. The defendants are accused of violating the Banks and Other Financial […] Source: https://news.bitcoin.com/nigeria-accuses-four-crypto-traders-of-forex-regulations-violations/
Did the crypto market bottom this week? — Here’s what the data shows
Bitcoin is chasing $60,000, and altcoins are showing modest gains today. Does that mean the crypto market has bottomed? Source: https://cointelegraph.com/news/did-the-crypto-market-bottom-this-week-here-s-what-the-data-shows?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
‘Presumed Guilty’: Sam Bankman-Fried Files Appeal, Argues Judge Was Unfair
Imprisoned FTX co-founder and former CEO Sam Bankman-Fried has appealed to overturn his fraud conviction, court documents filed Friday show. The appeal from Bankman-Fried’s lawyers argues that he never got a fair trial and should therefore be tried again under a new judge. “He was presumed guilty—before he was even charged,” lawyers for Bankman-Fried wrote. “He was presumed guilty by…
Coinbase’s ‘Stand With Crypto’ creates NFT legal defense fund
Coinbase has emerged as a vocal advocate for the crypto industry in the face of ongoing regulatory crackdowns in the United States. Source: https://cointelegraph.com/news/coinbase-stand-with-crypto-nft-legal-defense-fund-a16z-opensea?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
‘Doom Olympics’ Game Competition Kicks Off on Ethereum
Think you’re good at the classic shooter Doom? On Thursday, a fully on-chain, weeklong competition called the “Doom Olympics” began with a $15,000 prize pool up for grabs. Crypto gaming project RIVES has previously put “every aspect” of retro games like Tetris on the Cartesi blockchain—an Ethereum-based scaling network that uses Linux-powered rollups—as well as Base, the Coinbase-incubated Ethereum layer-2…
Sam Bankman-Fried files appeal for felony conviction
Following the collapse of crypto exchange FTX in 2022, the former CEO faced a jury trial, was convicted of seven felony counts, and was sentenced to 25 years in prison. Source: https://cointelegraph.com/news/sam-bankman-fried-appeal-fraud-conviction-sentence?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound