New revelations from former Alameda Research CEO Caroline Ellison surfaced today regarding the crypto hedge fund’s financial relationship with FTX prior to the exchange’s collapse. Speaking to Alameda staff in Hong Kong last November, Ellison acknowledged the firm borrowed large sums from FTX customer accounts to fund its investments, according to an audio recording obtained…
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New details came to light on October 10 in the ongoing trial of former FTX CEO Sam Bankman-Fried. Caroline Ellison, Bankman-Fried’s ex-girlfriend and former head of affiliated firm Alameda Research, took the stand to deliver key testimony for the prosecution. With the latest development in Bankman-Fried’s case, what is the best crypto to buy now?……
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Federal judge Analisa Torres rejected a motion filed by the Securities and Exchange Commission (SEC) seeking to appeal its loss against Ripple Labs on October 3. Judge Torres ruled that the SEC failed to demonstrate that the case involved controlling legal questions or substantial differences of opinion that warranted an appeal at this stage. As…
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Fueled by renewed optimism, Bitcoin briefly rallied back above $28,000 on Monday for the first time since August. But the largest cryptocurrency has since pared those gains, dipping to $27,758 as of writing, down 0.85% so far today. While Bitcoin saw an approximate 6% spike over the past 48 hours, peaking around $28,597, it has…
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The fate of a spot bitcoin exchange-traded fund (ETF) in the U.S. remains in limbo as the Securities and Exchange Commission (SEC) continued to delay decisions on several high-profile applications on September 28. The regulator postponed judgments on filings from financial giants BlackRock and Invesco, along with crypto asset managers Bitwise and Valkyrie. This marks…
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The asset management firm VanEck announced on Thursday that it plans to launch an exchange-traded fund (ETF) based on Ethereum futures contracts in the near future. The VanEck Ethereum Strategy ETF (EFUT) will invest in cash-settled futures contracts for ether, the native cryptocurrency of the Ethereum blockchain network. Amidst these current cryptocurrency ETF developments, what…
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PEPE has flashed signs of life after its drawn-out decline to three lol-month low on September 17. Its 16% dead cat bounce since the bottom has now run into stiff overhead resistance, however. With PEPE still languishing below its key 20-day EMA, traders are left on edge wondering if this bounce will reverse or if…
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After posting three consecutive months of gains, Rollbit Coin (RLB) suffered a dramatic reversal in September, with prices plunging 40% so far amidst declining trading volumes. With RLB hovering precariously near crucial support levels, investors are left asking whether this selloff marks a bottom or if the coin still has further room to fall in…
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Anticipation of a pause in interest rate hikes, spurred by the upcoming Federal Open Market Committee (FOMC) meeting on September 20, stimulated a marked increase in Bitcoin prices earlier today. Bitcoin rose over 3.4% to hit a September high above $27,400 after a stagnant weekend where it held the key $26,000 support level. Some analysts…
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After becoming the recipient of the largest accidental transaction fee in Bitcoin history last week, the F2Pool mining pool showed integrity by returning the 19.82108632 bitcoin, valued at around $510,000, to the Paxos exchange. On Sunday, September 10, Paxos attempted to transfer 0.074 bitcoin, worth around $2,000. However, due to a bug, the transaction fee…
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