[ad_1] Chinese blockchain personality Justin Sun, who also serves as the de facto owner of crypto exchange HTX (formerly Huobi Global), claims that the firm posted a profit of $98 million in Q3 2023.According to the October 26 thread, Sun says that HTX generated a total of $202 million in revenues during the quarter, which was offset by $104 million in expenses, leaving a total profit of $98 million. For
[ad_1] For more than a decade, the primary narratives surrounding Bitcoin (BTC) have focused on its role as a peer-to-peer digital cash and store of value.However, all indications suggest that we are witnessing a significant shift in this paradigm.Since the beginning of 2023, one of the most discussed topics in the Bitcoin ecosystem has been the use of the world's leading blockchain to store information that goes beyond the previously
[ad_1] Testifying in court but without the jury for his criminal trial present, Sam “SBF” Bankman-Fried faced questions from prosecutors who pressed the former FTX CEO on his alleged involvement in using customer funds for investments through Alameda Research.According to reports from the New York courtroom on Oct. 26, Bankman-Fried denied knowing why crypto exchange FTX began moving user funds from a bank account with Alameda to a firm called
[ad_1] Lawmakers call for expedited DOJ action in investigating Binance and Tether’s potential role in crypto funded terrorism. Image by orcea david, Adobe Stock. Today, as the U.S. Department of Justice (DOJ) evaluates possible criminal charges against Binance and Tether, two prominent U.S. lawmakers are emphasizing the urgency of the matter. U.S. Senator Cynthia Lummis (R-Wy.) and Representative French Hill (R-Ark.) dispatched a letter to Attorney General Merrick Garland, insisting
[ad_1] Bitcoin is experiencing a marginal dip today after having consecutive green closes for nearly a week. While Bitcoin takes a pause, investors are contemplating top options such as GALA, The Graph, and GMX, as well as crypto presales like Bitcoin Minetrix and Meme Kombat, in search of the best crypto to buy now.GALA, the native token of Gala Games’ blockchain-based platform, has been showing increased price volatility for the
[ad_1] Disgraced FTX founder Sam Bankman-Fried (SBF) tried to explain his rationale for deleting corporate messages during a closed-door testimony without the presence of the trial's jury on Oct. 26.When prompted as to why he started using corporate communications on the encrypted messaging app Signal by prosecutor Danielle Sassoon of the Southern District of New York, SBF claimed that he only did so with the approval of FTX counsel Daniel
[ad_1] Cointelegraph reporters are on the ground in New York for the trial of former FTX CEO Sam “SBF” Bankman-Fried. As the saga unfolds, check below for the latest updates.Oct. 26: Prosecutors rest their caseAttendees of Sam Bankman-Fried’s trial on Oct. 26 had a disappointing morning as attorneys from both sides kept an endless cycle of repeated questions, sidebars and objections, prompting District Court Judge Kaplan to interrupt witness testimony
[ad_1] Former FTX CEO Sam “SBF” Bankman-Fried addressed a New York courtroom under oath without the 12-member jury present.According to reports from the courtroom on Oct. 26, SBF’s highly anticipated testimony kicked off with defense attorney Mark Cohen questioning the former FTX CEO on his use of the messaging app Signal and retention of communications data at the crypto exchange. Bankman-Fried reportedly claimed he acted in accordance with company policies
[ad_1] Source: Adobe / Ascannio Bankrupt crypto exchange FTX’s new management is evaluating proposals from three potential bidders to revive its trading platform, according to a Bloomberg report. The final decision on how to proceed is expected by mid-December, as stated by Kevin M. Cofsky, an investment banker from Perella Weinberg Partners, during a recent court hearing in Delaware. FTX is actively engaged in negotiations with these investors to discuss
[ad_1] Declining staking yields and rising stake rates stir questions about the long-term viability of staking crypto. Image by Sweeann, Adobe Stock. As proof of stake networks see a surge in stake rates, a consequent plummet in staking yields is concerning investors and market watchers. According to a third-quarter report from Staked, a subsidiary of the Kraken exchange, the average staking yield for the top 35 stakable cryptocurrencies has dwindled
