Arkham’s “DOX-to-Earn” program encouraging users to reveal IRL identities of blockchain users raises the prospect of digital witchhunts with uncertain consequences, says Marina Khaustova, CEO of Crystal. Source
On-chain data shows the profit-taking among Cardano investors has spiked to high levels, a sign that the asset may register a decline in the coming days. Cardano Has Observed High Profit-Taking After The Rally According to data from the on-chain analytics firm Santiment, AAVE, ADA, and CRV are among the altcoins that have recently observed the most extreme profit-taking. The relevant indicator here is the “ratio of daily on-chain transaction volume in profit to loss,” which, as its name suggests, tells us about how the profit-taking volume of any cryptocurrency…
The FTX founder’s trial kicked off Tuesday morning, with a jury pool exceeding 50 people and around 40 reporters present in the U.S. District Court for the Southern District of New York in lower Manhattan. No jurors have been selected as of press time; the morning was spent weeding out potential jurors who face hardships if they had to sit for a six-week trial, checking if any potential jurors had medical issues or if they had other conflicts. Source
Country by country, the policies and regulations applicable to DeFi are, to put it mildly, fragmented. Yes, DeFi is a very new and complex field, so the situation is somewhat understandable, but analyzing and adopting many different, and ever-changing, rules makes compliance a big challenge. That said, regulatory compliance is a must so that people and businesses feel comfortable their DeFi activities fall within relevant laws. Source
CryptoX – Cryptocurrency Analysis and News Portal Here’s how the former FTX CEO may have spent his time behind bars since a judge revoked his bail in August. Reflection of guilt? SBF faces the man in the mirror. Here’s how the former FTX CEO may have spent his time behind bars since a judge revoked his bail in August. Legal weights on his conscience and now in his makeshift gym. WiFi connection lost, much like his credibility. Jailhouse vegan woes: SBF resorts to peanut butter sandwiches. SBF’s desperate texts to…
The futures will be cash settled in U.S. dollars, meaning that dollars change hands at settlement instead of the underlying instrument (bitcoin, in this case). The futures settlement value will be determined by the CoinDesk Bitcoin Price Index (XBX), crafted by CoinDesk Indices, a subsidiary of CoinDesk. Original
CNA, also known as the Continental Casualty Company, has “unjustifiably failed to make timely payment on Mr. Bankman-Fried’s claims as required by the Policy,” said the filing, adding that those alleged breaches “have caused, and threaten to cause, substantial and irreparable harm to Mr. Bankman-Fried for which there is no adequate remedy at law.” Source
The criminal trial of former FTX CEO Sam Bankman-Fried (SBF) is currently underway in New York, and his legal team has filed motions aiming to ban testimony from users and investors in the exchange. In separate Oct. 2 filings in United States District Court for the Southern District of New York, SBF’s lawyers opposed pre-trial motions from prosecutors requesting FTX customers and investors testify regarding how they believed the cryptocurrency exchange would handle assets. They also sought to block the testimony of a former FTX user — an unnamed Ukrainian…
BSV has bucked a bearish trend amid the general crypto market downturn, posting notable gains over the past 24 hours. Bitcoin SV (BSV) recorded an 8% 24-hour price increase, while Bitcoin succumbed to bearish pressure, dipping nearly 3% today, October 3. As a result of today’s uptick, BSV now trades at $40.4, representing an 8% increase in the last 24 hours. Also, the token has recorded over 31% seven-day increase, regaining over 34% of its past month’s gains. These prominent strides confirm buyers’ dominance in the BSV market today. However,…
“Essentially, what we did was we ended up building a first pass, realizing that it was not the sustainable path forward, went to the drawing board, re-envisioning the way that this system works, and then, fast forward a year and a half, and we’re actually seeing the the kind of fruits of those design decisions,” Floersch added. Source link