Emin Gün Sirer, the co-founder of Avalanche blockchain, has sounded the alarm on deceptive trends infiltrating certain layer-2 (L2) solutions, posing risks to investors. In a recent post on X, Sirer expressed concerns about these “trash” projects while educating users about their common characteristics and red flags. Sirer believes that the rise of substandard L2 projects…
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AI startup Anthropic will not accept investments from Saudi Arabia in the sale process of 8% of its shares as part of FTX’s bankruptcy proceedings. Executives at Anthropic have cited these concerns as the reason for ruling out Saudi Arabian involvement, as reported by CNBC. Bankman-Fried, acquired the stake three years ago for $500 million. Thanks to…
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Investors hunting for the best crypto to buy today are scouring altcoins markets for outperformers. As crypto markets take a breather following a huge post-Fed meeting rally on Wednesday, investors hunting for the best crypto to buy today are scouring altcoins markets for outperformers. Bitcoin (BTC) was last consolidating in the mid-$66,000s, having eclipsed $68,000…
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Coinbase, a prominent crypto exchange, is gearing up to launch futures trading for some notable cryptocurrencies, including the popular meme coins Dogecoin (DOGE), Litecoin (LTC), and Bitcoin Cash (BCH). Coinbase believes that Dogecoin’s sustained popularity indicates it has evolved beyond its meme beginnings to establish itself as a significant player in the cryptocurrency market. Coinbase…
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John Ray III, the CEO and restructuring officer of FTX, has criticized an attempt made by Sam Bankman-Fried’s lawyers to reduce his sentence, emphasizing that the victims of the fraud “have suffered and continue to suffer.” On Wednesday, Ray penned a victim impact statement, addressing Judge Lewis Kaplan on behalf of FTX and its “millions of…
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In a collection of letters, FTX users around the globe have asked for their crypto assets instead of being reimbursed with US dollars. In letters submitted to the federal judge presiding over the criminal case against Sam Bankman-Fried, the founder of the crypto exchange, FTX users expressed the desire to receive their cryptocurrencies back. They said that they had…
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Bankrupt crypto lender Celsius has begun demanding customers who made major withdrawals in the three months preceding its bankruptcy to return their funds or face legal action. A committee-supervised administrator has sent letters to customers who withdrew more than $100,000 each between April 14 and July 13, 2022. The withdrawals reportedly totaled over $2b collectively…
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Traders use platforms like DEXScreener to find the top crypto gainers today. Source: DEXScreener’s X Account As crypto markets pump in wake of a more dovish than expected Fed policy announcement, with Bitcoin (ETH) and Ether (ETH) bouncing 11% and 14% from intra-day lows to near $68,000 and $3,500, trader hunting for the top crypto…
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With only three weeks remaining until the general election, South Korea’s rival political parties are vying for support from crypto investors, who have emerged as a key voting group. According to local media outlet JoongAng Daily, the parties recognize the significance of addressing cryptocurrency-related policies amid the surging popularity of this nascent industry. Notably, South Korea…
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Lawyers representing former FTX CEO Sam Bankman-Fried, aka SBF, have criticized the government’s proposal for a maximum sentence of 50 years in prison, saying it is “not justice.” In response to the government’s sentencing recommendation filed on March 15, SBF’s attorneys, Marc Mukasey and Torrey Young, penned a letter to Judge Lewis Kaplan, branding the proposed sentence…
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