Day: September 30, 2023

FTX Customers, Investors Will Testify Against Sam Bankman-Fried, DOJ Says

“To obtain likely less than 30 minutes of testimony from overseas FTX customer witnesses, however, requires, for at least some countries, coordinating with local authorities, arranging multi-day travel itineraries to accommodate varying time changes and travel delays, and incurring significant costs associated with such arrangements. Notwithstanding those hurdles, the Government is in the process of arranging for some overseas FTX customers to travel to New York to testify,” the letter said. Source BankmanFriedcustomersDoJFTXInvestorsSamTestify CryptoX Portal

Crypto.com updates Euro wallet, expands payment offerings

Crypto.com has updated its Euro Wallet to serve users in the Euro payment area better. Crypto.com Updates EUR wallet Crypto.com is committed to providing its users with a seamless trading experience.  It recently expanded its offerings by integrating a Euro wallet and allowing for secure Single Euro Payments Area (SEPA) transfers with no transaction fees.  With these updates, users now have more options for providers when depositing and withdrawing EUR from the fiat wallet on the platform.  The deposit and withdrawal process has also been simplified, enabling access to over 250…

Ether futures ETFs launching, SBF trial to begin, 3AC’s Su Zhu arrested

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Top Stories This Week Ethereum futures ETFs to start trading next week Investment firm Valkyrie will start offering exposure to Ether futures in the coming days. On Sept. 28, the firm told Cointelegraph that its Bitcoin Strategy ETF will allow investors access to Ether and Bitcoin futures “under one wrapper,” making it one of the first firms to do so amid several pending applications with the U.S. Securities and Exchange Commission. Starting Oct. 3, the fund’s name will be updated to the Valkyrie Bitcoin and Ether Strategy ETF. Asset manager…

AI won’t realize its potential without web3

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Headlines touting the allure of artificial intelligence’s (AI) disruptive potential might make it seem like we’re already on the cusp of a completely automated and decentralized future. However, the reality is that, while this will be a transformative journey, it will likely be an incremental one over the next decade. First applications will be built by AI as a supporting developer tool. In the next phase of…

Brazil rolls out blockchain-based digital ID

Over 214 million Brazilians will soon be using blockchain technology for digital identity, the government recently announced. Rio de Janeiro, Goiás, and Paraná will be the first states to issue identification documents on-chain through a private blockchain developed by Serpro, Brazil’s national data processing service. The entire country should be able to issue identity documents through blockchain technology by November 6, reads a decree on Sept. 25. According to Alexandre Amorim, president of Serpro, the immutability and decentralization of blockchain made it an ideal technology for the country’s digital identification…

US-Based Crypto Exchange Gemini To Halt Trading Services in European Country of 17,000,000

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US-based crypto exchange Gemini is shutting down its trading operations in the Netherlands, which boasts the sixth-largest economy in the European Union (EU). In a new announcement, the company says that it will stop offering crypto services to the Dutch market on November 17th, due to requirements imposed by the De Nederlandsche Bank (DNB), the Netherlands’ central bank. Gemini says its customers need to withdraw their crypto and fiat balances by that date. “If you fail to withdraw your funds as outlined above, we are permitted to sell any remaining…

Azteco secures $6m in Jack Dorsey-led fundraiser

Azteco raised $6 million in funding, with Block Inc. CEO Jack Dorsey leading the round. The Santa Monica, California-based company aims to accelerate Bitcoin adoption by introducing Bitcoin gift cards. Azteco’s mission to democratize finance Dorsey’s support for Azteco stems from a deep respect for the company’s mission to make life easier for the unbanked population worldwide.  The former Twitter CEO believes that the technology and resources required to make this positive change are available, and Azteco is taking a crucial step in the right direction. Azteco’s core initiative revolves…

nChain claps back at former CEO’s allegations, behavior

Blockchain and web3 innovator nChain has issued a statement responding to accusations made by its former CEO, Christen Ager-Hanssen. Hours after Ager-Hanssen took to social media to announce his departure from the technology company, citing a conspiracy against shareholders, the Zug, Switzerland-based company responded with a statement of its own. I can confirm I have departed from @nChainGlobal as its Group CEO with immediate effect after reporting several serious issues to the board of nChain Group including what I believe is a conspiracy to defraud nChain shareholders orchestrated by a…

Connecticut authorities recover $3m worth of Bitcoin

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Westport, Connecticut police assisted a crypto investor in reclaiming over $3 million in Bitcoin (BTC) after they fell victim to a high-profile financial scam. Westport police thwart BTC scam  In May, the Westport police reportedly initiated an investigation following a report from a victim, who had been persuaded to transfer funds from their retirement account to a Kraken crypto exchange wallet address January, as stated by Lt. Eric Woods in a news release.  Between January and March, the victim discovered that over $3 million worth of Bitcoin had been withdrawn and…

VanEck to donate 10% of ETF profits to Ethereum contributors

VanEck has declared its support for the development of Ethereum by pledging to donate some of its upcoming Ethereum exchange-traded fund (ETF) profits. Global asset management company VanEck has promised to give the Ethereum Protocol Guild 10% of its Ethereum Futures ETF profits for the next ten years. The firm, which manages a portfolio with an asset value of nearly $80 billion, made the announcement in a Sept. 29 post on X. Big announcement! We intend to donate 10% of our $EFUT ETF profits (https://t.co/gr652AkUvv) to @ProtocolGuild for at least…