Day: December 11, 2022

Abnormal token price movements on Binance not hack-related, confirms CZ

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Crypto exchange Binance began investigating suspicious behavior on its platform after noticing abnormal price movements for certain trading pairs involving Sun Token (SUN), Ardor (ARDR), Osmosis (OSMO), FUNToken (FUN) and Golem (GLM) tokens. Nearly 40 minutes into the investigation, Binance CEO Changpeng ‘CZ’ Zhao revealed that the price movements “appears to be just market behavior.” On Dec. 11 at 3:10 am ET, Binance issued a notice about abnormal price movements for some trading pairs. The exchange began an investigation to narrow down suspicious accounts responsible for the issue. To investors’…

Another Member of Russian Crypto Pyramid Finiko Arrested in UAE – Bitcoin News

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Law enforcement authorities in the United Arab Emirates have detained a top Finiko representative, sought for his role in the crypto Ponzi scheme which defrauded thousands of investors around the world. This is the second arrest in the Gulf state of a high-ranking member of the pyramid announced in the past month. Finiko Fraudster Caught by Interpol in UAE, Russia Seeks His Extradition Another individual involved in organizing Russia’s largest financial pyramid in recent years, Finiko, has been placed under custody in the UAE. The detention of Edward Sabirov in…

S&P 500 Expectations 2023: Coinspeaker Advent Calendar

The S&P 500 is likely to bounce back from its current low as the index has not recorded a back-to-back annual slump since 2002. Dear readers, welcome to another episode of the Coinspeaker Advent Calendar. Today, we will explore the last of the three major United States market indexes, the S&P 500 Index in 2023. Thus far in this Advent Calendar, we have been able to bring some cryptocurrencies, commodities, and indices that are either worth investing in in the new year, or which investors need to steer clear of.…

Webassembly Smart Contracts Are Going to ‘Pull a Lot of Talent From Web2 to Web3’ – Interview Bitcoin News

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Ethereum is almost universally credited for kickstarting the Web3 revolution after it brought to life the concept of smart contracts. However, some in the Web3 community, like Astar Network’s Sota Watanabe, believe the protocol cannot “build the innovative future of blockchain alone.” In addition, some critics point to the language obstacle which they argue makes the Ethereum Virtual Machine (EVM) a less-than-ideal place to build. Webassembly Smart Contracts ‘Will Accelerate the Adoption of Web3’ It is this and other limitations of the EVM that led to the creation of an…

FirstByte Media’s Cosmin Mesenschi on How CryptoGamble.tips Helps the Crypto Community

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Cosmin Mesenschi is the Founder and CEO of FirstByte Media. A brand creator with a wealth of knowledge in the crypto gambling industry. His past experiences in the sector have shaped his way of thinking about the market, leading him to find a niche where he could match his own interests with the market’s needs. Recently, we asked him a few questions about CryptoGamble.tips and the benefits it offers. Q: Let’s start with FirstByte Media. Can you refresh our readers’ memory by explaining what exactly your company does? FirstByte Media…

FirstByte Media’s Cosmin Mesenschi on How CryptoGambling.tips Helps the Crypto Community

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Cosmin Mesenschi is the Founder and CEO of FirstByte Media. A brand creator with a wealth of knowledge in the crypto gambling industry. His past experiences in the sector has shaped his way of thinking about the market, leading him to find a niche where he could match his own interests with the market’s needs. Recently, we asked him a few questions about CryptoGambling.tips and the benefits it offers. Q: Let’s start with FirstByte Media. Can you refresh our readers’ memory by explaining what exactly your company does? FirstByte Media…

FTT investors’ claims to be investigated for securities laws violations

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To help out the recently duped investors of FTX Tokens (FTT), shareholder rights litigation firm — Schall Law Firm — has taken up the task of investigating the investors’ claims against FTX for violations of the securities laws. It is estimated that over one million people have lost their life savings owing to the financial fraud committed by FTX CEO Sam Bankman-Fried. To help the investors legally recoup losses, the law firm plans to investigate FTX for issuing misleading statements or failing to disclose crucial information. In an official statement,…

Full Ban on Crypto in Russia Would Be Counterproductive, Rosfinmonitoring Says – Regulation Bitcoin News

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Russian citizens and businesses already own cryptocurrencies, which is why a complete crypto ban would be counterproductive, according to a top executive of Rosfinmonitoring, Russia’s financial intelligence agency. At the same time, the regulator supports prohibiting payments with digital coins and their advertising. Rosfinmonitoring Backs Government’s Strategy to Strictly Regulate Cryptocurrencies in Russia The Federal Financial Monitoring Service of the Russian Federation (Rosfinmonitoring) supports the adoption of strict rules for cryptocurrencies, as per the regulatory concept approved by the government, the agency’s Deputy Director Herman Neglyad said in an interview…

Sam Bankman-Fried’s parents no longer on the Stanford Law School roster

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The domino effect of FTX CEO Sam Bankman-Fried’s actions came full circle as his reputation began impacting the professional lives of his parents — Stanford Law professors Joseph Bankman and Barbara Fried.  SBF’s father, Bankman, had to cancel his winter session course on tax policy, which according to The Standford Daily, was at a time when the family was accused of acquiring an FTX-owned $16.4 million vacation home before the crypto exchange’s collapse. Stanford Law professor Joseph Bankman’s tax policy course was canceled. Source: explorecourses.stanford.edu On the other hand, SBF’s…

Judge Dismisses Crypto Lawsuit Against Kim Kardashian – Featured Bitcoin News

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A class action lawsuit against Kim Kardashian and Floyd Mayweather Jr. over their promotion of crypto token ethereummax has been dismissed. The judge stated that the law “expects investors to act reasonably before basing their bets on the zeitgeist of the moment.” Crypto Lawsuit Against Kim Kardashian Dismissed A federal judge dismissed a proposed class action lawsuit on Wednesday against Ethereummax’s founders and the crypto project’s celebrity endorsers, including reality TV star Kim Kardashian, boxer Floyd Mayweather Jr., and former Boston Celtics star Paul Pierce. In his ruling, Judge Michael…