Tag: News

Document Claims Alameda CEO Caroline Ellison’s FTX Margin Position Was Negative $1.3B in May 2022 – Bitcoin News

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In a number of recent interviews, the former co-founder of FTX, Sam Bankman-Fried (SBF), explained that he “wasn’t running Alameda” and he “didn’t know the size of their position.” In a more recent discussion with The Block’s Frank Chaparro, SBF explained that auditors were looking at FTX’s corporate financials, but the auditors were “not looking at customer positions and not looking at customer risk.” This week, an FTX insider speaking to Bitcoin.com News under terms of anonymity shared a document that purportedly shows Alameda Research CEO Caroline Ellison’s personal account…

RBB LAB Uses NFT to Serve Alberto De Luigi and Andreas Kohl Summons – Press release Bitcoin News

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press release PRESS RELEASE. San Marino, Dec 5, 2022 — RBB Lab, a technology development firm based in the Republic of San Marino, has used NFT (Non-Fungible Token) technology to issue court summonses for the case against Alberto De Luigi, Andreas Kohl, both former collaborators of the firm, and their company Sequentia AG incorporated in Liechtenstein. This will be the first time NFTs will be used to issue court documents in Italy. This technology offers several advantages over traditional means. It can be cheaper and faster, and also allows courts…

LTC Climbs to Highest Level Since May – Market Updates Bitcoin News

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Litecoin rose to a seven-month high to start the week, as cryptocurrency markets continued to react to the latest U.S. nonfarm payrolls figures. The token was up for a second consecutive session, climbing to its highest point since May. Shiba inu was also a notable gainer on Monday. Litecoin (LTC) Litecoin (LTC) raced to a six-month high on Monday, as the token climbed for a second consecutive session. Following a low of $75.93 on Sunday, LTC/USD raced to an intraday peak of $83.49 earlier today. This move saw litecoin climb…

North Korean Lazarus Group Linked to New Cryptocurrency Hacking Scheme – Security Bitcoin News

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The Lazarus group, a North Korean hacking organization previously linked to criminal activity, has been connected to a new attack scheme to breach systems and steal cryptocurrency from third parties. The campaign, which uses a modified version of an already existing malware product called Applejeus, uses a crypto site and even documents to gain access to systems. Modified Lazarus Malware Used Crypto Site as Facade Volexity, a Washington D.C.-based cybersecurity firm, has linked Lazarus, a North Korean hacking group already sanctioned by the U.S. government, with a threat involving the…

BTC Races to 3-Week High on Monday – Market Updates Bitcoin News

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Bitcoin was trading above $17,000 on Monday, as the world’s largest cryptocurrency raced to a three-week high. Today’s move comes as prices rose for a second straight day, with momentum now firmly bullish. Ethereum was also in the green to start the week, with the coin hovering near the $1,300 mark. Bitcoin Bitcoin (BTC) surged to a three-week high on Monday, as prices climbed for a second straight session. Following a low of $16,940.90 on Sunday, BTC/USD moved to an intraday peak of $17,378.15 earlier in today’s session. This high…

Spanish Soccer League Laliga Will Certify Goal Scoring Balls Using Blockchain Tech – Blockchain Bitcoin News

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Laliga, the premier Spanish soccer league, has announced the implementation of a new system that will use blockchain for tracking soccer balls that were used to score a goal. The system, which will be provided by Gol-Ball, a third-party company, will certify these balls to allow users to purchase them through official markets or raffles. Spanish Laliga to Use Blockchain System for Soccer Ball Certification Laliga, the leading soccer league in Spain, has announced it will be one of the first organizations to certify balls used to score goals using…

Swingby Partners With Chainlink To Secure Bitcoin Bridge – Press release Bitcoin News

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press release PRESS RELEASE. Swingby has recently announced a newly established partnership with Chainlink for Proof of Reserve. The recently publicized partnership is aimed to help secure the Swingby Skybridge which connects the Bitcoin blockchain, enabling the introduction of BTC into the Ethereum network. Swingby Develops A More Advanced And Secure BTC Bridge Swingby is a BTC bridge ecosystem with plans to expand into other blockchain ecosystems in addition to Bitcoin and Ethereum, which the platform has already accomplished. In fact, the advance in platform security made possible from the…

Nigerian Finance Bill Has Provisions Allowing Govt to Tax Crypto Transactions – Taxes Bitcoin News

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A Nigerian finance bill, which seeks to amend the country’s various tax statutes, contains provisions which allow the government to tax cryptocurrency and other digital asset transactions, a report has said. Nigeria is reportedly seeking to join six other countries, including two from Africa, which already levy taxes on digital asset transactions. Extracting More Revenue From E-Commerce Transactions According to the Nigerian finance minister, Zainab Ahmed, the country’s 2022 finance bill — which seeks to amend excise and duty statutes — has provisions allowing the government to collect tax on…

Brazilian Companies Break Crypto Purchasing Records Again in October – News Bitcoin News

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According to the latest reports from the Brazilian tax authority (RFB), institutions have again broken crypto purchasing records in Brazil. The organization registered that almost 42,000 companies purchased some kind of cryptocurrency during October, a new record that overturns the 40,161 that declared having purchased crypto during September. Brazilian Companies Purchase Crypto in Waves More and more companies are introducing crypto as part of their treasuries in Brazil. According to the last data issued by the Brazilian tax authority (RBF), which is empowered by law to receive crypto…

Russia’s Largest Digital Asset Deal Denominated in Chinese Yuan – Finance Bitcoin News

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A Russian company has announced the country’s first authorized transaction with digital financial assets (DFAs) involving a foreign currency, China’s yuan. The deal, reportedly the largest made to date under the current Russian DFA law, covers the issuance of tokens secured by commercial debt. Digital Financial Assets for 58 Million Yuan Issued by Russian Platform A licensed firm has finalized Russia’s first deal with digital financial assets denominated in foreign fiat. The transaction involved the issuing of DFAs worth 58 million Chinese yuan (approx. 516 million rubles or $8.26 million)…