Among the conditions submitted for approval to District Judge Lewis Kaplan of the Southern District of New York, Bankman-Fried will be given a new phone that won’t have internet access and will be limited to text messages and voice calls. He will also be provided a new laptop with limited functionality that will be allowed access only to approved websites. Source
President Nayib Bukele is promoting El Salvador as the “new land of the free,” as part of an invitation for foreigners to move to the Latam country. Bukele tweeted a poster in vintage American style that included several advantages that the country brings its citizen, including the adoption of bitcoin as legal tender. EL Salvador’s ‘New Land of the Free’ Campaign Invites People to Move in With Bitcoin as Legal Tender President Nayib Bukele is inviting people to move to El Salvador. Bukele posted a poster in vintage American style…
Right before the exchange platform Binance and its CEO Changpeng Zhao have been accused of regulatory violations by the United States Commodity Futures Trading Commission (CFTC), almost a billion dollars in crypto reportedly left the platform’s wallets. According to the Thanefield Capital data research, a few hours before the Binance CFTC indictment, which occurred at 3 pm UTC on Monday, March 27, an unusually large amount was withdrawn across centralized exchanges. In 12 hours preceding the indictment, almost $1.5 billion left such platforms as Binance, Kraken, Coinbase and Bitfinex. More…
The network is the final testnet before a mainnet deployment in April as part of a broader revival plan for EOS. Source
Soon after the United States Commodity Futures Trading Commission (CFTC) sued crypto exchange Binance and its CEO Changpeng “CZ” Zhao for regulatory violations, the entrepreneur sought damage control measures while rejecting allegations of market manipulation. However, investors responded by pulling over 3,400 Bitcoin (BTC) from Binance within 24 hours of the announcement, anticipating market fluctuations. “Binance.com does not trade for profit or “manipulate” the market under any circumstances,” stated CZ, responding to the CFTC’s allegations. However, episodes involving crypto entrepreneurs such as FTX’s Sam Bankman-Fried and Terraform Labs’ Do Kwon have shaken investor…
Cross-chain liquidity protocol THORChain has paused its network due to new claims of a potential network vulnerability. THORChain took to Twitter on March 28 to announce it has halted all trading amid reports of a potential vulnerability with a THORChain dependency that may affect the network. The decision was taken as a precautionary measure while the reports are verified, THORChain said. The announcement came soon after social media reports indicated THORChain’s liquidity platform Nine Realms and the dedicated security team THORSec received “credible reports” of a potential vulnerability affecting THORChain. The…
Given that cryptocurrency trading is a global business, Bernstein expects that Binance will look to “safeguard its dominant international business, which is its cash cow, and where it has worked on licenses in Europe, Africa and Australia,” analysts Gautam Chhugani and Manas Agrawal wrote. Source
The attacker sent over 7,000 ether to Euler Tuesday and seemingly apologized for their actions in a transaction message. Source
Horizon Software, an algorithmic and electronic trading technology solution provider for global capital markets, has announced its certification on the Montreal Exchange (MX). According to Tuesday’s press release sent to Finance Magnates, the certification allows Horizon’s clients to trade exchange-traded derivatives, such as equity, index, currency options, and interest rate derivatives, on the MX platform. Horizon is now equipped to offer connectivity Connectivity Connectivity is defined as a term used for connecting devices to each other. In most cases, this refers to computer networking and more specifically includes bridges, routers,…
Tim Draper, a venture capitalist and bitcoin millionaire, has included bitcoin as part of a series of cash management recommendations offered to startup founders. Draper recommended having at least two payrolls worth of cash in bitcoin or other cryptocurrencies to avoid being affected by bank failures like the collapse of Silicon Valley Bank (SVB). Tim Draper Touts Bitcoin as Hedge Against Bank Failures Tim Draper, a well-known venture capitalist and crypto enthusiast, has recommended bitcoin as part of his cash diversification advice for business founders. Draper, known for winning an…