Month: April 2023

US CFTC Penalizes Bitcoin Pool Operator $3.4 Billion In Largest Civil Fraud Victory

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Summary: South Africa-based Cornelius Johannes Steynberg was fined $3.4 billion for running an unregistered Bitcoin commodity pool operation, the CFTC announced in a Thursday statement. Steynberg founded Mirror Trading International (MTI), a BTC pool operator that illegally accepted $1.7 billion from 23,000 U.S. citizens while operating out of SA. The news marks the largest civil monetary penalty ever won in the history of the Commodities Futures Trading Commission, America’s commodities watchdog. The U.S. Commodities Futures Trading Commission was awarded $3.4 billion in penalties in a case against South African-based bitcoin…

Tim Draper tells how his family moved into Bitcoin

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Tim Draper, one of the most known Silicon Valley venture capitalists, has played a crucial role in the Draper VC dynasty. Not only because he was an early investor in tech firms like Tesla or Skype but also because he made a turning point in the Draper family’s path to Bitcoin (BTC). In the latest episode of Cointelegraph’s Crypto Stories, Draper tells the story of how the Draper dynasty became bullish on Bitcoin, the broader crypto market and blockchain technology. The Draper family crypto story started years ago when Tim…

Genesis Bankruptcy Parties Agree to a 30-Day Mediation Period

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Digital asset regulations around the world

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As cryptocurrencies continue to become a bigger part of the global economy, more and more governments are exploring ways to regulate the industry and construct rules for firms operating in the space. There have been some significant regulatory developments in recent weeks, with the European Parliament approving the Markets in Crypto-Assets (MiCA) regulations on April 20, Ukraine announcing it would adopt the same set of rules, and South Korea making progress with its proposed regulations. While US regulators have been busy infighting and refusing to provide the most basic of clarity…

FTX Boss Ryan Salame’s Maryland Home Searched by FBI in Unexplained Raid – Bitcoin News

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According to unnamed sources, the home of Ryan Salame, the former co-chief executive of FTX Digital Markets, was searched by the U.S. Federal Bureau of Investigation (FBI) on Thursday. The grounds for the raid remain unknown, and neither Salame nor his legal representative have offered any statement concerning the situation. FBI Conducts Mysterious Search on Home of Former FTX Executive Ryan Salame On April 27, 2023, a report from the New York Times revealed that Ryan Salame, the former co-chief of FTX Digital Markets, had his $4 million house in…

This beaten-up bitcoin proxy should rebound 35%, Berenberg says

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Bitcoin is back in a bull market by many accounts and is poised to continue its 2023 rally as the rest of crypto comes under regulatory scrutiny. Equity investors interested in riding bitcoin’s current uptrend should consider buying shares of Microstrategy , the enterprise analytics firm and bitcoin proxy, according to Berenberg Capital Markets. The firm initiated coverage of the company Thursday with a buy rating and a $430 price target, which is more than 34% from where the stock closed that day. “We believe a combination of circumstances, evolution,…

European Market Shakes Off Recession Fears but Misses Q1 2023 Growth Estimates

The European market recorded a gross domestic product (GDP) of 0.0 percent in the first quarter of 2023 compared with the fourth quarter of 2022. The European economy displayed market resilience during the first quarter despite being cut off from the Russian oil and gas supply since the invasion of Ukraine. The EU market was, however, marred by rising inflation amid bank deposits flight similar to the United States banking crisis. Nonetheless, the European Central Bank has continued to raise interest rates, with the recent update pushing by 50 basis…

Google Cloud to optimize Polygon zkEVM scaling performance

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Polygon Labs and Google Cloud announced a multi-year partnership at Consensus 2023 that will see the cloud computing service provider help boost the development of the Ethereum (ETH) scaling protocol’s tools and infrastructure. Polygon’s core protocols, including Polygon PoS (proof-of-stake), Polygon zkEVM and Polygon Supernets, are set to benefit from the provision of Google Cloud’s framework and developer tools. The partnership is aimed at simplifying developer integration to build, launch and grow Web3 products and decentralized applications (DApp) on Polygon. Google Cloud’s partnership with the ecosystem is expected to advance Polygon’s…

9 Common interview questions for AI jobs

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Artificial intelligence (AI) is a rapidly growing field, and as a result, the job market for AI professionals is expanding. AI job interviews can be particularly challenging because of the technical nature of the field. However, technical expertise is not the only factor that interviewers consider. Non-technical candidates who can demonstrate an understanding of AI concepts and an eagerness to learn are also valued. Technical candidates should be prepared to answer questions that test their knowledge of machine learning algorithms, tools and frameworks. They may be asked to provide detailed…

Investment Bank H.C. Wainwright Believes Crypto Winter Is Over, Rates Coinbase Stock as ‘Buy’ 

Analysts at H.C. Wainwright have said that the crypto winter of 2022 ceases to have any bearing on related stocks.  H.C. Wainwright believes that the crypto winter is over and has called for a buy on Coinbase (NASDAQ: COIN) stock. According to the New York-based investment bank, Coinbase stands to benefit from global digital asset economy growth sooner rather than later. H.C. Wainwright released a statement on Wednesday that underscored its bullishness on the prices of crypto assets. The investment banking platform wrote: “Crypto asset prices have rallied 45% YTD, supported by a 67%…