Day: December 29, 2022

Prosecutors unlikely to offer Sam Bankman-Fried a favorable plea deal, says lawyer

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Former FTX CEO Sam Bankman-Fried may not be able to offset the two counts of wire fraud and six counts of conspiracy he faces with the credits to be received if he enters a guilty plea instead of going to trial.  Set to appear in court in the first days of January to enter a plea, Bankman-Fried would be “unlikely to receive a favorable deal from prosecutors,” argued Mark Kasten, counsel in Buchanan Ingersoll and Rooney’s Blockchain and Crypto Assets practice group. Speaking with Cointelegraph, Kasten explained the government often…

‘Ultra Sound’ Money — Simulation Shows Ethereum’s Inflation Rate Is Significantly Lower Using Proof-of-Stake – Bitcoin News

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Its been 105 days since Ethereum transitioned from a proof-of-work (PoW) blockchain to a proof-of-stake (PoS) network and the number of Ethereum validators is set to surpass 500,000 in 2023. According to metrics, Ethereum’s issuance rate of new coins has dropped considerably and only 4,790.45 ether has been minted since The Merge took place on Sept. 15, 2022. Ethereum’s Issuance Rate Is 0.014% per Annum in Contrast to the Simulated PoW Inflation Rate of 3.58% per Year The Ethereum (ETH) network has been operating under its proof-of-stake (PoS) consensus algorithm…

Bank of India report calls for regulatory coordination on crypto market challenges

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The Reserve Bank of India (RBI) has appealed to the country’s presidency of the G20 group of the world’s largest economies as a pulpit to call for the development of a global regulatory framework for crypto assets. In its latest financial stability report, released Dec. 29, the bank again expressed its concerns about the burgeoning crypto ecosystem and suggested parts of it could be banned. The report was generally upbeat about current conditions in the country, despite “strong global headwinds,” saying, “the Indian economy and domestic financial system remain resilient.”…

Blockchain Business Models Explained

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io A Blockchain Business Model according to the FourWeekMBA framework is made of four main components: Value Model (Core … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Dogecoin To Remain Above These Levels To Turn Around

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The Dogecoin price had recently faced intense selling pressure; however, over the last 48 hours, DOGE showed signs of recovery. At the moment, however, the meme coin was consolidating on its daily chart. In the past week, the Dogecoin price has slipped almost 4%. As Bitcoin depicted positive price action in the last 24 hours, many other altcoins also moved up on their respective charts. The technical outlook of the meme-coin pointed towards circumstances changing for sellers. Buyers made an entrance, DOGE is, however still under the control of the…

FTX’s Liquid exchange hopes to return customer assets next year

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The FTX-owned Japanese crypto exchange Liquid has announced plans to begin the process of returning customer assets in 2023.  According to the Dec. 29 statement issued on its blog, the exchange is preparing to return assets entrusted by both customers from FTX Japan and Liquid Japan, and is working on a report for January 2023 that would further outline the details.  A statement from the team read: “For the assets entrusted to us by our customers at FTX Japan and Liquid Japan, we are proceeding with system development so that…