Legendary Basketballer Shaquille O’Neal has finally been served a class-action lawsuit against FTX founder Sam Bankman-Fried, lawyers of the plaintiffs tweeted on Sunday. Source
Shaquille O'Neal Finally Served FTX Lawsuit: Lawyers
Day: April 17, 2023
Aave’s proposal to launch on zkEVM passes ‘temperature check’ vote
A “temperature check” proposal to deploy the decentralized exchange (DEX) Aave on the zkSync Era Mainnet has passed with overwhelming support from the Aave community. When voting closed on April 16 more than 99% of Aave (AAVE) token holders voted in favor of launching the third version of the lending and borrowing protocol on the zero-knowledge Ethereum Virtual Machine (zkEVM). According to the proposal first pitched on March 26, the launch will be limited to USD Coin (USDC) and Ether (ETH). A [Temp Check] is currently running to deploy Aave…
Ether hits 11-month high as post-Shapella withdrawals pass 1M ETH
Over 1 million Ether (ETH) worth $2.1 billion has now been withdrawn from Ethereum’s Beacon Chain within the first four days of the Shapella hard fork and Ether has pushed over $2,100 for the first time in 11 months. The 1.03 million ETH withdrawals have come from 473,7000 withdrawal requests, with Saturday, April 15 being the largest withdrawal day at 392,800 ETH according to data from beaconcha.in. Of the active validators, nearly 87% or 469,000 of the 540,000 are now able to withdraw their staked Ether. April 15 to 16…
Latam Insights – Inflation Skyrockets in Argentina, El Salvador Processes Digital Assets Licenses, Venezuelan Crypto Corruption Probe Continues – News Bitcoin News
Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue: Inflation in Argentina goes over 100%, El Salvador issues its first digital assets licenses, and the crypto-linked corruption probe in Venezuela is still ongoing. Argentina Registers 104.3% Inflation In March, the Highest in Latam The National Institute of Statistics and Census in Argentina released inflation numbers for March 2023, registering a 7.7% increase month-over-month. This number is higher than the 6.6% registered during February, produced…
Blockchains need an interoperable standard to evolve, say crypto execs
Blockchain technology needs a benchmark communications standard that can be easily integrated by every network in order for a complete transition from Web2 to Web3 to occur, industry commentators say. Many expect there will be multiple blockchains and such an ecosystem requires communication protocols similar to the Transmission Control Protocol/Internet Protocol (TCP/IP) used on the internet. Ryan Lovell, director of capital markets at crypto price oracle solutions firm Chainlink Labs told Cointelegraph that blockchains without interoperability are like what computers are without the internet — isolated machines which cannot transfer…
Blockchain Association files further FOIA requests over banking closures
More Freedom of Information Act (FOIA) requests seeking information on recently closed crypto-friendly banks have been submitted by cryptocurrency advocacy group the Blockchain Association (BA) to two regulators. On April 14, the Association said that in addition to the FOIA requests, it has also filed Freedom of Information Law (FOIL) requests to the Federal Housing Finance Agency (FHFA) and the New York Department of Financial Services (NYDFS). The organization is seeking further information on the de-banking of crypto companies following the seizure of Signature Bank and the failure of Silvergate…
Rep. Davidson to introduce legislation to fire SEC boss Gensler for crypto overreach
Securities and Exchange Commission (SEC) chair Gary Gensler could be facing unemployment after United States Representative Warren Davidson declared he would introduce legislation to fire the SEC boss. In an April 15 tweet responding to Coinbase’s legal chief, Paul Grewal, the crypto-friendly Representative announced his intention to have Gensler removed from his role after the SEC’s latest announcement about revisiting the proposed redefinition of an “exchange.” “To correct a long series of abuses, I am introducing legislation that removes the Chairman of the Securities and Exchange Commission and replaces the…
China, Brazil Can Be Instrumental in Building Less Centralized World With No Hegemony, Says Lula’s Adviser – Economics Bitcoin News
Brazil’s President Luiz Inacio Lula da Silva’s chief adviser on foreign policy, Celso Amorim, says China and Brazil “are coming closer together” and they could play important roles in building a less centralized world with no hegemony. Commenting on de-dollarization, he stressed: “I think it’s very important that we are free from the dominance of one single currency because sometimes it is used politically.” Brazil, China ‘Coming Closer Together’ Brazilian President Luiz Inacio Lula da Silva’s senior foreign policy adviser, Celso Amorim, discussed de-dollarization on Friday in an interview with…
Bitcoin, Ether are ‘like gold’ says Cathie Wood, but Ray Dalio is skeptical
Recent turmoil in the banking sector has shown that Bitcoin (BTC) and Ether (ETH) can withstand a shaky economy, outperform other asset classes and function like gold, says ARK Invest chief executive Cathie Wood — though one long-time investor still isn’t sold. Wood explained in an April 15 interview that Bitcoin’s resilience throughout the most recent banking crisis has been “the most remarkable” of all indicators her tech-focused investment management firm is monitoring. Bitcoin and Ether are now acting as “risk-off” assets and as a “flight to safety” for investors…
Ether Price Hits Fresh 11-Month High
Ether was over $2,100, as many investors opt for the prospect of additional liquidity while earning staking rewards over the desire to take immediate profits and run. Dexterity Capital managing partner Michael Safai shared his crypto markets analysis. Plus, Blockchain Association director of government relations Ron Hammond weighed in on the state of crypto regulation ahead of SEC chair Gary Gensler’s testimony before lawmakers next week. And TurboTax tax expert Lisa Greene-Lewis shared tips on what crypto investors need to know ahead of Tax Day. Source