Day: August 16, 2023

Another Crypto Millionaire Has Been Found Dead

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Another shocking discovery has rattled the crypto sector as Christian Peev, a 41-year-old US cryptocurrency investor has been found dead. Christian Peev’s Alleged Murderer Was A Friend According to Peev’s cousin, the crypto investor disappeared in early August, and growing increasingly worried, Peev’s cousin reported him missing to authorities on August 10, which prompted an investigation.  The dismembered body of the American-Bulgaria investor was found days later by plumbers called to fix a blocked drain in Sofia, Bulgaria, who eventually discovered that it was pieces of a human body that…

Judge greenlights investment banker declarant’s entry

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In the most recent update in the legal proceedings of the United States Securities and Exchange Commission (SEC) against Ripple Labs, Judge Torres grants permission for an investment banker declarant to make an appearance.  According to a court filing, Judge Analisa Torres granted permission for Andrew A. Kunsak from the law firm Sidley Austin LLP to serve as an investment banker declarant in the ongoing lawsuit of U.S. SEC v. Ripple Labs. Previously, Ripple had objected to a similar appearance by an investment banker declarant affiliated with the law firm…

RocketSwap unveils response strategy after $865k hack

RocketSwap Labs has unveiled its strategy for recovering from a forceful hack that seized $865,000 (471 ETH) from the protocol on Aug. 14. The decentralized exchange on Base intends to reintroduce a fresh farming contract and publicly share it on the blockchain, among other measures. The decentralized exchange on Base agreed upon the emergency program. It will introduce a fresh farm contract by eliminating the proxy contract. Subsequently, it will share its open-source version on the blockchain while advancing the production reduction plan by 0.075 per block. The emergency programme…

Binance To Delist These Three Tokens In August Due to Non-Compliance

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The world’s largest exchange Binance announced on Tuesday, August 15, intentions to delist three tokens from its trading platform. According to the exchange’s official statement, it regularly conducts a periodic review of all cryptocurrencies and trading products on its platform, ensuring they are of the highest standards in order to protect its customers’ interests. This review is based on certain factors, including trading volume and liquidity, network stability, network security against attacks, and the project’s team commitment, among others.  Based on the results of their latest reviews, Binance states the following…

Bitcoin (BTC) Prices Lack Direction Despite Ruble and Argentinian Peso Crash

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The leading cryptocurrency by market value, widely considered digital gold due to its finite supply, remains listless above $29,000, extending its multi-week dull price action. Bitcoin was one of the preferred safe havens during Turkey’s currency crisis of 2021. Gold, meanwhile, hit a seven-week low of $1,896 per ounce on Tuesday and traded around $1,905 at press time. Original

Europe’s spot Bitcoin ETF goes live in Amsterdam

Bitcoin (BTC) ETF will launch on Euronext Amsterdam under the ticker BCOIN following a delay of over two years. Jacobi Asset Management recently introduced the Jacobi FT Wilshire Bitcoin ETF, a digital asset fund emphasizing environmental sustainability. The ETF aligns with the European Union’s sustainable finance guidelines. The company initially filed for it in 2021 and planned a July 2022 release on Euronext Amsterdam. However, its launch was postponed due to market upheavals caused by the Terra ecosystem collapse and FTX crypto exchange issues. Originally slated for a July 2022…

OpenAI says ChatGPT-4 cuts content moderation time from months to hours

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OpenAI, the developer behind ChatGPT, is advocating the use of artificial intelligence (AI) in content moderation, touting its potential to enhance operational efficiencies for social media platforms by expediting the processing of challenging tasks. The company said that its latest GPT-4 AI model could significantly shorten content moderation timelines from months to hours, ensuring improved consistency in labeling. Moderating content is challenging for social media companies like Facebook parent Meta, necessitating the coordination of numerous moderators globally to prevent users from accessing harmful material like child pornography and highly violent images. “The process (of…

Ethereum Futures ETF To Launch On Oct 12, Will ETH Echo BTC?

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The crypto space is on the verge of another potentially historic moment with the first Ethereum Futures ETF in the US. Volatility Shares, a pioneer in the ETF space, has announced its intention to launch the Ether Strategy ETF (Ticker: ETHU) on October 12, 2023. If all goes as planned, this could mark the first Ether based exchange traded fund (ETF) in the United States. First Ethereum Futures ETF Is Set To Launch In The US Volatility Shares has positioned the ETF around cash-settled Ethereum futures contracts trading on the…

‘Low Tier’ Crypto Exchanges Gain after Binance Falters

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Regulatory and legal troubles Binance faced in the United States (and globally) led to a significant drop in the crypto market giant’s share. Surprisingly, the main beneficiaries of this situation were not the exchange’s main competitors, but smaller platforms whose share in total volumes considerably grew since the beginning of the year. Discover StealthEX.io – the future of cryptocurrency. Swap instantly across 1000+ coins, no sign-up, secure, and private. Dive into the new age of crypto! According to data presented by CCData, exchanges located in Seychelles, including KuCoin and Huobi…

Dogecoin drama takes legal turn, DigiToads presale wins over whales

In the crypto market, two narratives currently dominate: the Dogecoin lawsuit and the rise of DigiToads in the ongoing presale. These can reshape the meme coin landscape and the broader crypto market. Dogecoin holders sue Elon Musk Dogecoin is firm beyond factors related to the market. Over 67 million DOGE worth over $5 million were moved to Coinbase recently. The transfer pumped prices by 3%, fanning speculations about the trigger of the whale transfer. Adding further complexity to the Dogecoin narrative is an ongoing legal contention that features Elon Musk, the CEO…