Tag Archives: AA News

Incoming reports indicate that Sam Bankman-Fried’s legal team is readying their arguments for a pretrial release hearing before the U.S. appeals court on Tuesday as the billionaire founder of the defunct exchange FTX prepares for his trial on Oct. 3. Bankman-Fried’s initial plea was overruled last month as the prosecutors argued that the defendant had been tarnishing the credibility of a state witness, Caroline Ellison, a former executive at Alameda Research. Bankman-Fried’s...

Circle, a stablecoin issuer, has introduced the USDC stablecoin into the Polkadot ecosystem of parachains. This move signifies a significant extension of the accessibility of this dollar-backed stablecoin across different blockchain networks. As detailed on Circle’s official website, developers and users can now readily access Polkadot USDC. That means the stablecoin can be seamlessly transmitted to parachains within Polkadot by leveraging the XCM protocol through Circle...

Rich Dad, Poor Dad’s Robert Kiyosaki has once again voiced his support for bitcoin (BTC), gold and silver. This time, the author noted that he considers questions he has received about the future prices of BTC, gold, and silver to be silly and that the most important one should be how much of the assets investors own today. Kiyosaki Calls to Buy BTC Again In a recent X post, the American businessman said BTC, gold, and silver are “bargains” today and might not be tomorrow, so...

The Federal Reserve announced no change to its policy interest rate following its Federal Open Markets Committee (FOMC) meeting on Wednesday. Likewise, Bitcoin’s price showed little change after the announcement, down just 0.17% on the day. Per the Fed’s announcement, the central bank “decided to maintain the target range for the federal funds rate at 5-1/4 to 5-1/2 percent.” The statement noted that while job gains have slowed, they remain elevated. Unemployment is also...

David Hirsch, the head of the SEC’s Crypto Assets And Cyber Unit, recently promised further enforcement actions against crypto platforms deemed to be non-compliant with the agency’s demands. The announcement was made at the SEC’s yearly Securities Enforcement Forum Central event, which took place at the Four Seasons hotel in Chicago this year and was streamed online for those who could not attend. DeFi Is Not A Workaround, Says Hirsch During the event, which hosted speakers...

The move appears to be a part of a wider push to offer digital assets to institutional clients. The tokens represent a claim against the bank and are processed on a private blockchain owned and managed by Citigroup. Clients can access the service through existing bank systems, according to reports on Sept. 18. Global head of the Citi’s services division, Shahmir Khaliq, said: “The development of Citi Token Services is part of our journey to deliver real-time, always-on, next...

Despite false testimony from a prosecution witness linked to the “Cryptoqueen” fugitive Ruja Ignatova, the lawyer who funneled $400 million from the OneCoin cryptocurrency fraud, Mark Scott, will not receive a new trial. US District Judge Edgardo Ramos, in a ruling on Monday, rejected Scott’s request for a fresh trial. The 54-year-old had been found guilty in November 2019 of money-laundering conspiracy and bank fraud conspiracy. He has also been accused of profiting $50...

Asset management giant BlackRock expects the Federal Reserve to keep its policy interest rate flat at its next Federal Open Markets Committee (FOMC) meeting on Wednesday. The prediction is in line with market expectations and is suspected by analysts to offer Bitcoin (BTC) a meaningful short-term price boost. BlackRock’s Fed Forecast According to Marilyn Watson – BlackRock’s head of Global Fundamental Income Strategy – the central bank’s federal funds target rate will remain...

Cosmos-based layer-1 blockchain – Canto – is migrating to a zero-knowledge layer 2 on Ethereum powered by Polygon Chain Development Kit (CDK). The move aligns with Canto’s plans to build a blockchain dedicated to real-world assets. The development comes amidst a significant shift in the Ethereum layer-2 space. Migration to Ethereum ZK-powered L2 Canto is a layer-1 blockchain initially focused on decentralized finance (DeFi) and is now migrating to a zero-knowledge Layer 2...

The Hong Kong police have apprehended six individuals in connection with the cryptocurrency trading platform JPEX, which shuttered its operations this week. According to a South China Morning Post report, the authorities arrested four men and two women, including influencer Joseph Lam Chok, following 1,408 complaints of fraud related to JPEX. Local news outlets additionally reported that law enforcement seized evidence, including a laptop and a sum of cash. The estimated...