Tag: Report

Tesla Earnings Report Show Firm Holding onto Bitcoin in Q3 2023

Tesla continues to hold on to its BTC holding having last sold about 75% of it in the second quarter of 2022. It has now been five consecutive quarters that electric vehicle maker Tesla Inc (NASDAQ: TSLA) has left its sizable Bitcoin (BTC) holdings untouched. That is despite recently spending greatly towards improving its artificial intelligence (AI) ambitions and projects. According to Tesla’s Q3 2023 report that was released on Wednesday, the company still has $184 million worth of digital assets in its possession. That is as of September 30.…

financial forensic report exposes FTX $9.3b money trail

Following evidence of political affiliations unearthed by an FBI agent, a government witness in Sam Bankman-Fried’s criminal trial provided financial analysis pointing to conspiracy and fraud based on FTX and Alameda’s bank records. An FBI analyst plus a former FTX and Alameda executive testified to Bankman-Fried’s courting of the political class which evidence suggests was funded with user deposits.  Prior testimonies from the first and second weeks of the trial backed up these claims, with additional accounts that said Bankman-Fried spearheaded fraud, conspiracy, money laundering and campaign finance violations. The…

MOON, BRICK and DONUT Token Prices Plunge 60%-90% on Report of Community Points Windown

Moons (MOON), the native token of Reddit’s r/CryptoCurrency community, is lower by 85% on the news, while Bricks BRICK, distributed as a reward for contributions in the r/Fortnite subreddit, is down 67%. Donut DONUT the token that represents the community points of the r/ethtrader subreddit is off 66%. Source BrickCommunityDonutMoonPlungePointsPricesReportTokenWindown CryptoX Portal

Sui (SUI) Foundation Calls Report of Supply Manipulation ‘Materially False’

The Sui Foundation denied the allegations in an emailed statement to CoinDesk. “The Sui Foundation wants to address unfounded and materially false statements surrounding the supply of SUI tokens. Contrary to recent conjecture, there has never been any sale of SUI tokens by the Foundation after the initial Community Access Program (CAP) distributions,” according to a spokesperson for the Sui Foundation. Source

Pension funds could use AI to cut costs, increase returns, says report

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Artificial intelligence (AI) could be used by pension funds to cut costs, increase investment returns, and highlight possible risks, but there are still “significant challenges to overcome” with its use, said the Mercer CFA Institute global pension report. On Oct. 17, the annual joint report from the consulting firm and investment professional association marked AI as useful for helping pension fund managers trawl through massive amounts of data that could highlight opportunities and build custom investment portfolios. “AI will affect the operations of pension systems around the world,” lead author…

Scammers prefer banking customers over crypto investors in Ireland: Report

Fraudsters in Ireland prefer targeting traditional banking customers instead of cryptocurrency investors amid a two-year-long bear market. The frequency of cryptocurrency scams is often directly proportional to the hype and profits around the ecosystem at a given time. It appears that the ongoing crypto bear market has helped eradicate at least some of the bad actors, including scams and businesses, while it has largely retained serious investors who believe in due diligence. The resultant difficulty in targeting crypto investors has led scammers in Ireland to focus on banking customers. According…

Latin America takes global lead in preference for centralized exchanges: Report

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According to a recent report from blockchain analytics firm Chainalysis, Latin America has a distinct inclination toward centralized exchanges when compared to the rest of the world, as opposed to decentralized exchanges. Published on October 11, Chainalysis stated that Latin America has the seventh-largest crypto economy in the world, trailing closely behind the Middle East and North America (MENA), Eastern Asia, and Eastern Europe. However, it notes that crypto users in Latin America strongly favor using centralized exchanges: Latin America shows the highest preference for centralized exchanges of any region we…

US authorities monitor China-linked Bitcoin miners amid national security concerns: Report

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Officials within the United States government were reportedly keeping tabs on certain cryptocurrency mining operations with ties to China. According to an Oct. 13 report from The New York Times, many Bitcoin (BTC) data centers based in the U.S. can be traced directly to the Chinese government, raising concerns over operations in close proximity to military bases and other areas connected to national security. One of the sites reportedly being monitored by authorities was a mining operation in Wyoming near a Microsoft data center that supported some of the Pentagon’s…