Judge Makes No Ruling in SEC-Binance Document Dispute

Judge Makes No Ruling in SEC-Binance Document Dispute

Magistrate Judge Zia Faruqui has advised the Securities and Exchange Commission (SEC) and Binance.US to collaborate on their discovery requests. The judge recommended that the SEC narrow its request for information and suggested that Binance.US allow certain shard holders to be deposed in order to verify the safety of its funds. Additionally, Judge Faruqui called … Read more

Paxos’ $500K Bitcoin fee, FTX tokens sales set to begin, and more

Paxos’ 0K Bitcoin fee, FTX tokens sales set to begin, and more

Blockchain infrastructure firm Paxos has confirmed that it made a mistake in paying over $500,000 in Bitcoin transaction fees, and the Bitcoin miner who received the funds has returned them. A bankruptcy court has approved the sale of FTX digital assets, excluding Bitcoin and Ether, which can be sold separately. Digital Currency Group has proposed … Read more

What Can Ethereum’s New Testnet Offer? A Closer Look

What Can Ethereum’s New Testnet Offer? A Closer Look

Ethereum Unveils Shiny New Testnet, What Does It Do Ethereum developers have launched a new testnet called Holesky, which is expected to replace the Goerli Testnet. The Holesky testnet will be used for testing complex upgrades and infrastructure until 2028. It is said to have better testing capabilities than the Goerli testnet. Validators on the … Read more

Polkadot Community Platform PolkaWorld Ceases Operations Following Unsuccessful Funding Attempt

Polkadot Community Platform PolkaWorld Ceases Operations Following Unsuccessful Funding Attempt

Polkadot community PolkaWorld halts operations after failed funding bid The Polkadot community, PolkaWorld, has suspended operations after its proposal to receive funding from Polkadot’s treasury was rejected. PolkaWorld raised concerns about the treasury management under the new open governance system called “OpenGov,” claiming it is affecting long-term contributors to the Polkadot ecosystem. The organization believes … Read more

Sam Bankman-Fried Blames Everyone but Himself for FTX’s Collapse

Sam Bankman-Fried Blames Everyone but Himself for FTX’s Collapse

The content highlights that Bankman-Fried, the founder of crypto exchange FTX, refuses to acknowledge or take responsibility for the $8 billion loss and the impact on people’s life savings. He seems oblivious to the possibility of facing jail time for his actions. Interestingly, his main remorse appears to be focused on his tarnished public image, … Read more

Lessons Cryptocurrency can Take from AI on Achieving Influence in Washington

Lessons Cryptocurrency can Take from AI on Achieving Influence in Washington

What Crypto Can Learn From AI About Getting Its Way in Washington Traditional media sources, which were once relied upon heavily in the late 1990s and early 2000s, have weakened. As a result, more Americans now receive their news from social media platforms that prioritize engaging content over educating. This leaves the public vulnerable to … Read more

XRP Price Prediction – Key Reasons Why Bulls Could Aim Rally To $0.60

XRP Price Prediction – Key Reasons Why Bulls Could Aim Rally To alt=

Ripple’s token price is showing signs of recovery against the US Dollar. To continue the upward trend, the price needs to break through resistance levels at $0.505 and $0.515. The price is currently trading below $0.505 and the 100 simple moving average (4 hours), facing resistance at $0.505. On the other hand, if the price … Read more

3AC Founders Face New Trouble as Regulators Impose 9-Year Ban Amidst Bankruptcy

3AC Founders Face New Trouble as Regulators Impose 9-Year Ban Amidst Bankruptcy

Bankrupt 3AC Founders Run Into Trouble Again As Regulators Impose 9-Year Ban Singapore’s central bank, the Monetary Authority of Singapore (MAS), has issued long-term prohibition orders against Zhu Su and Kyle Davies, founders of the bankrupt crypto hedge fund Three Arrows Capital (3AC). The founders are now banned from engaging in regulated business activities in … Read more

Paxos confirms it’s responsible for $500K mistaken Bitcoin transaction

Paxos confirms it’s responsible for 0K mistaken Bitcoin transaction

Accounting firm Paxos accidentally overpaid $500,000 in fees for a Bitcoin transfer on September 10. Initial speculation on social media suggested that PayPal was responsible, but Paxos later clarified that the error was its own. The mistaken transaction was discovered shortly after it occurred, with fees of approximately 20 BTC paid to send just 0.07 … Read more