Day: October 5, 2023

Could A Crucial Update Propel The Altcoin Forward?

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XRP finds itself at a critical juncture as it grapples with a formidable resistance level at $0.54. The recent surge in XRP’s price has propelled it into this crucial resistance range, where it has made three unsuccessful attempts to breach in the past seven days. This repeated testing of the $0.54 mark underscores its significance as a formidable barrier for XRP. Despite these challenges, a price analysis suggests that XRP retains the potential to attract strong demand if certain conditions align in its favor. Over the last three weeks, there…

Unpacking the First Day of Sam Bankman-Fried's Actual Trial

A Parisian cocoa trader told Sam Bankman-Fried’s trial jury that pricey ads and FTX’s confident CEO helped convince him the crypto exchange was a safe place to deposit over $100,000 so he could trade cryptocurrencies – but he never expected that anyone but him would touch his funds, kicking off testimony just hours after the jury was selected and sworn in. Source

Warner Music’s key web3 supporter departs after nearly 10 years

Warner Music Group’s chief digital officer, Oana Ruxandra, says she now wants to further explore her “entrepreneurial spirit.” Oana Ruxandra, chief digital officer and key web3 advocate at Warner Music Group (WMG) is leaving the label, saying she has decided “it’s time for a change.” According to an internal memo obtained by Billboard, Ruxandra took the decision to leave the firm after she discussed her role with CEO Robert Kyncl. While the nature of these discussions remains undisclosed, Ruxandra said she now wants to explore “even further my entrepreneurial spirit.”…

Blackbird Labs Raises $24M in Series A Funding Round

According to Founder and CEO Ben Leventhal, the amount raised will be focused on scaling the firm’s operations. Blackbird Labs, the team behind Web 3.0 restaurant loyalty platform Blackbird has completed a $24 million Series A funding round. According to a report by TechCrunch, the round was led by Andreessen Horowitz but also saw participation from other venture capitalists. Other firms that took part in the round include QED, Union Square Ventures, Shine, Variant, and some restaurant groups such as Quality Branded, Rustic Canyon Group, Soulva, and Brooks Reitz. The…

Astera Labs Appoints Morgan Stanley and JPMorgan as Lead Underwriters for Its Planned IPO Expected in 2024

Astera Labs closed its series D funding round in November last year with $150 million at a valuation of about $3.15 billion. Santa Clara, California-based semiconductor connectivity solutions firm, Astera Labs Inc has appointed Morgan Stanley (NYSE: MS), and JPMorgan Chase & Co (NYSE: JPM) as the lead underwriters for its highly anticipated initial public offering (IPO). According to people familiar with the matter, the Astera Labs IPO is expected to take place sometime next year as the timing has not yet been finalized. The young tech company has recorded…

FTX exploiter moves $36.8M in Ether as Sam Bankman-Fried’s trial starts

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The crypto wallet address linked to the FTX exploiter moved roughly $36.8 million worth of Ether (ETH) in the last 24 hours amid the ongoing court trials of the defunct crypto exchange’s ex-CEO, Sam Bankman-Fried (SBF). Accounts linked to FTX and FTX.US were drained of $600 million on Nov. 11, 2022, hours after the crypto exchange had filed for Chapter 11 bankruptcy. At the time, FTX general counsel Ryne Miller informed traders about the hack caused by malware: “FTX has been hacked. Chat is open. Please don’t go to the FTX site,…

FTX founder lied says prosecutors, defense blames Ellison and Bitcoin crash

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Federal prosecutors told jurors that Sam Bankman-Fried (SBF) lied to the world about FTX’s finances but confided in Ellison and his inner circle, while defense attorneys moved to shift the blame on Alameda’s former CEO and Bitcoin volatility during opening statements on trial day 2. On day 1 of the voir dire, eight prospective jurors cited the 60 Minutes interview with author Michael Lewis. A handful referenced Bernie Madoff and one juror’s company lost money to FTX/Alameda. 18 jurors -12 primary and 6 alternates, were assigned from a pool of…

CBDC will improve tax collection — Argentine central banker

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Juan Agustín D’Attellis Noguera, a director of Banco Central de la República Argentina, the country’s central bank, publicly supported the Minister of Economy Sergio Massa in his promotion of central bank digital currency (CBDC) as a remedy for the national economy.  Giving commentary on local television, Noguera expressed his belief that the “digital peso” could help stabilize the Argentine economy as soon as 2024. In the official’s opinion, the key feature of the CBDC is its traceability, which would help the government to collect taxes: “By having traceability of operations with a…

Google Unveils Pixel 8 Smartphones and New Smartwatch with AI Integration

In addition to smartphones and watches, Google noted that it plans to enhance its virtual assistant with generative AI capabilities. Alphabet Inc’s (NASDAQ: GOOGL) Google has once again taken the tech world by storm with the launch of the Pixel 8 smartphones and a smartwatch with Artificial Intelligence (AI) features. Google’s latest upgrades to its Pixel 8 and Pixel 8 Pro are set to capture the attention of photography enthusiasts and those who cherish the pure Android experience. These enhancements couldn’t have come at a better time, as they are…