Day: July 26, 2023

Judge warns Sam Bankman-Fried to ‘take it seriously’ as prosecutors push to revoke bail: Report

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A federal judge overseeing the criminal case against Sam Bankman-Fried, also known as “SBF,” will reportedly consider revoking the former FTX CEO’s $250 million bail based on allegations of intimidation against Caroline Ellison.  In a July 26 hearing in United States District Court for the Southern District of New York, individuals on site reported Assistant U.S. Attorney Danielle Sassoon requested the revocation of SBF’s bail based on allegations he used his freedom to intimidate Ellison, his former romantic partner and colleague. According to Sassoon, SBF made roughly 100 calls to a…

This AMD Ryzen Bug Can Compromise Your Crypto Wallet Keys

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A new bug called “Zenbleed” affecting specific AMD CPUs has been found that can potentially leak info, such as keys attached to crypto wallets. AMD Zenbleed May Be Exploited To Leak Crypto Wallet Keys As reported by the computer-focused news website Tom’s Hardware, a new vulnerability related to AMD CPUs has been discovered that can compromise sensitive info such as passwords and encryption keys. This bug was independently found by Travis Ormandy, a Google Information Security researcher, who has now made public a documentation of this vulnerability. The Zenbleed exploit…

Judge suggests IRS issued $4K refund over tax lawsuit based on quality of lawyers: Report

Oral arguments began on July 26 for an appeals case on a complaint a Tennessee couple filed against the United States Internal Revenue Service (IRS) on calculating their taxes based on earnings from staking tokens.  Joshua and Jessica Jarrett received a refund check from the IRS in 2021 after filing a lawsuit arguing the IRS had no right to tax income or profit from staked Tezos (XTZ), as the tokens were “created” and not sold. The couple originally reported the staked crypto as “other income” on their 2019 tax returns,…

U.S. Justice Department Wants to Jail Sam Bankman-Fried

While Judge Lewis Kaplan, of the Southern District of New York, declined to jail Bankman-Fried immediately, he set out a rapid schedule for both the prosecution and the defense to make formal written submissions on the matter. The DOJ has until Friday to file theirs. The defense can respond until Tuesday, and the DOJ can file a final response by Aug. 3. Source

SEC passes new ‘conflict of interest’ rules governing how brokers can use AI

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The United States Securities and Exchange Commission (SEC) approved a set of sweeping changes to the rules governing the use of “optimization functions” by brokers in a committee vote on July 26. We have an upcoming @SECGov Open Meeting on July 26 | 10am ET We’ll be discussing:1⃣Cybersecurity Risk Management, Strategy, Governance, & Incident Disclosure2⃣Use of Predictive Data Analytics3⃣Exemption for Certain Internet Advisers From the Prohibition Against Registration — Gary Gensler (@GaryGensler) July 20, 2023 During an internal meeting streamed on the SEC’s website, Chairman Gary Gensler invoked everything from…

Reddit Releases Gen 4 Collectible NFT Avatars, “Retro Reimagined”

The Reddit team learned from its previous drop in April, implementing anti-bot measures such as CAPTCHA to ensure a smoother rollout. In addition, the team is launching “initial access” for the first day of the release, which looks at your account age and “other metrics” and limits the number of collectibles you can purchase in one swoop. Collectors can spend up to $1,000, with a one-purchase per collectible avatar limit during this time. Initial comments in the r/CollectibleAvatars posts post-launch are mostly positive, though there were some complaints about glitches…

Price analysis 7/26: BTC, ETH, XRP, BNB, ADA, SOL, DOGE, MATIC, LTC, DOT

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Bitcoin and several major altcoins are trading inside a range, indicating that a strong catalyst is needed to start the next trending move. Bitcoin broke below the support of its narrow range on July 24, but the bears have not been able to capitalize on it and start a sharp downward move. This is a positive sign, as it shows a lack of aggressive selling at lower levels. The bulls will have to push and sustain the price back above $31,000 to trap the aggressive bears. Bitcoin’s (BTC) volatility is likely to…

What On-Chain Data Says About The Latest Dip Below $30,000

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The Bitcoin price has been underwhelming in the past few days, reflecting the current state of the cryptocurrency market. On Monday, July 24, investors watched the price of the premier cryptocurrency retreat beneath the $30,000 mark again.  Let’s look at what the on-chain metrics say about this latest fall below the critical price level.  69% Of Bitcoin Holders In Profit After Fall Below $30,000 A data report from IntoTheBlock reveals that roughly 68.96% of Bitcoin holders remained green after the price retreat below the $30,000 mark. There is also an…