Day: December 19, 2022

US Prosecutors Probe Sam Bankman Fried’s (SBF) Political Donations 

Federal prosecutors from the Southern District of New York are investigating the political donations made by SBF during his time at FTX. The political donations of Sam Bankman-Fried (SBF) are reportedly under intense review by US prosecutors. During his time at the helm of FTX, the former CEO made substantial donations to Democrats and Republicans. However, according to reports, some of SBF’s political beneficiaries have returned the donations or given them to charity following FTX’s collapse. Amid ongoing investigations into Bankman-Fried’s dealings at FTX, US federal prosecutors contacted several Democratic members from various working committees.…

How will ChatGPT affect the Web3 space? Industry answers

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With the many possibilities opened by ChatGPT, executives within the Web3 space predicted how the artificial intelligence (AI) tool developed by OpenAI would make its impact on the industry.  From using the bot for smart contract auditing to enhancing user interactions with AI, various executives gave their thoughts on how the new AI tool will have an impact on the Web3 industry. Dmitry Mishunin, the CEO of the smart contract auditing firm HashEx, believes that ChatGPT will have an influence on the security of smart contracts. Mishunin told Cointelegraph that…

Nigeria to Pass Law Legalizing Bitcoin Trading

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If the suggested regulation efficiently solves the increasing Bitcoin use in the country, it possesses the power to catalyze the economy of Africa’s most populated country. According to a native Nigerian newspaper, the chairman of the House of Representatives Committee on Capital Markets and Institutions of Nigeria, Babangida Ibrahim has announced the legalization of Bitcoin and other crypto trading in the country. Ibrahim claims that the African nation will soon authorize a law that makes the usage of Bitcoin and other cryptocurrencies lawful. The bill would modify the 2007 Investments…

Binance FUD Continues As Experts Warn Of Serious Fallouts

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Binance rumors were the all-dominant topic last week after the FOMC meeting. Rumors of insufficient proof of reserves and the pullback from accounting firm Mazars, allegations of a bank run and insolvency, as well as CZ’s interview on CNBC have dragged the Bitcoin and crypto sentiment and prices down. Charles Edwards of Capriole Investments pointed out in a Twitter thread that this “FUD is really bad for the industry,” pointing out that there is “nothing” backed by data that is legitimately worrisome, “but when fear is great enough, it doesn’t…

Do You Know Best Legit Ways to Earn Litecoin for Free?

Freeward collaborates with businesses that wish to promote their applications, surveys, and goods by providing advertising space on its platform. Litecoin is one of the most popular cryptocurrencies currently in use. As a result, joining websites that offer you the chance to earn free Litecoin could be an intelligent choice; nevertheless, it is essential that you only do so on reliable and trustworthy websites. If you try to narrow down your alternatives on your own, it can take you a while, which is sad since many of the websites won’t…

Crypto Options Market Has Become More ‘Interdealer’ Since FTX’s Blowup: Paradigm

The crypto market, like traditional finance, comprises the “buy-side” and the “sell-side.” The buy-side invests in assets and includes pension funds, mutual funds, institutional investors, hedge funds and retail investors. The sell-side, which includes commercial banks, investment banks, market makers, stockbrokers and other entities, is concerned with creating, promoting and issuing traded securities. Source

Argo Blockchain Almost Bankrupt?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Please like and subscribe if you want to see more videos just like this! Argo Blockchain seem to be almost about to declare … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Trump Digital Trading Cards Fall 50% amid Mixed Social Media Reactions

Trump had previously revealed through Truth Social that he was about to make a significant announcement, which came out to be the Trump Digital Trading Cards NFTs. The hotly talked about Trump Digital Trading Cards (TRUMP), unveiled last week by former US President Donald J Trump, recorded high volatility during the weekend. According to market aggregate data from CoinGecko, the Trump Digital Trading Cards (TRUMP) price floor today is $357.62, with a 24-hour sales volume of approximately 1143.81 ETH. Interestingly, the TRUMP NFTs have a circulation of 45000 cards held…

What is crypto market capitulation and its significance

Capitulation literally means concede. In the financial sphere, this term reflects a period of aggressive selling when the last of the bulls concede defeat to become bears themselves. What is crypto market capitulation? Suppose a cryptocurrency drops 30% overnight. An investor is left with two options: they can continue to hold or sell to realize the losses. There would be sharp decline in price if most investors decide to realize their losses. In addition, this selling pressure could produce a price bottom as the bears eventually run out of coins…

Kazakhstan to Complete Its CBDC Rollout by 2025

Kazakhstan should have its in-house CBDC ready and available for commercial use as early as 2023. Kazakhstan has revealed plans to officially roll out its central bank digital currency (CBDC), the digital tenge, over the next three years. This follows after the National Bank of Kazakhstan (NBK) completed the second phase of testing for its digital currency. Kazakhstan is currently the world’s third-largest Bitcoin (BTC) mining location. That is after the US and China, in that exact order. During the just-concluded testing phase, the country set out to determine the…