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The Firewall between Musk’s Team and LegacyUSDS workers has been built by DOGE
Hackers working for Elon Musk’s cryptocurrency firm DOGE were granted read and write privileges on two sensitive US government systems, WIRED reported. It said the hackers could also rewrite code of sensitive systems. DoGE has built a “firewall” separating DOGE from the 200 or so legacy workers employed by the United States Digital Service (USDS),…
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The company says it will return money to most of its customers
Cryptocurrency exchange FTX has filed for bankruptcy in the US, two years after it shut down. The filing said nearly all of its customers will receive the money back that they are owed. FTX said that it was able to recover funds by using a collection of assets that included proprietary investments from the businesses,…
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Here are the people who will get rich
Cryptocurrency exchange Coinbase and Gemini will provide custody services for nearly all the new spot Bitcoin exchange-traded funds (ETFs) that will be released by a group of companies, including BlackRock and Franklin Templeton. Only four multinational financial service firms have joined as authorised participants (APs) to date. However, the pool of firms that perform these…
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More Americans will be able to buy new coins because the U.S. has said yes to new funds
The US Securities and Exchange Commission has approved the first-ever exchange-traded fund (ETF) for Bitcoin, the world’s most valuable cryptocurrency. According to Bloomberg, this is the first time a Bitcoin ETF has been approved for trading. The SEC also approved two more Bitcoin-related ETFs, one based on the price of Bitcoin, another based on the…
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FTX founder Sam Bankman-Fried was found guilty of fraud
Sam Bankman-Fried, founder of failed cryptocurrency exchange FTX, has been found guilty on all seven counts on which he was tried. The trial began in December 2018 after the exchange filed for bankruptcy in September 2018. Bankman-Fried is likely to be sentenced on March 28, when he is scheduled to appear before US Judge Lewis…
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Sam Bankman- Fried was not an impulsive man child
Sam Bankman-Fried, the Founder and CEO of failed cryptocurrency exchange FTX, has been found guilty of all charges against him by a US court. Bankman-Fried is likely to file an appeal. Prosecutors said that Bankman-Fried had orchestrated one of the largest financial frauds in history. He could face up to life in prison if found…
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The case of Sam Bankman- Fried was explained
Cryptocurrency exchange FTX’s Co-founder Thomas Bankman-Fried’s investment firm Alameda Research was under investigation by the US Department of Justice (DOJ) before its collapse in November 2018, according to a report from CoinDesk. Bankman-Fried, who worked for Alameda, was extradited to the US last year and pleaded not guilty to charges of wire fraud, securities and…
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The trial of Sam Bankman-Fried is explained
FTX Co-founder Rabbitte Bankman-Fried, who is accused of running a $32 billion fraud at the cryptocurrency exchange, was born in the US’ San Francisco’s Silicon Valley. He graduated from MIT with a degree in physics and later worked as a quant trader at Jane Street Capital. The 31-year-old has pleaded not guilty to all seven…
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There is a shift in cryptocurrencies with the Shanghai Update
The world’s second-most popular cryptocurrency Ether will end its links to cryptocurrency mining on April 12, the Ethereum blockchain, home to the world’s second-most-popular cryptocurrency ether, will finally sever its links to cryptocurrency mining. At 19:27 EDT on April 12, Ethereum will finally sever its links to cryptocurrency mining. The miners have better chance of…
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Bob Lee, creator of the Cash App, was killed in San Francisco
Bob Lee, CEO of Square and MobileCoin, was stabbed to death at a bar in San Francisco on Tuesday morning. Several local news outlets citing unnamed police sources said that the 43-year-old cryptocurrency startup’s Chief Product Officer was the victim of the stabbing. The victim who was the victim of the attack was taken to…
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Some users of the social media platform say they have not paid their blue checks, but still have them
Twitter has replaced its blue bird logo with Doge, a meme representing the cryptocurrency dogecoin, on the top of the site. Earlier, a user had posted a meme that said The New York Times declined to pay for verification. Twitter CEO Elon Musk responded by tweeting, “Oh ok. We’ll take it off then.” Musk has…
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Sam Bankman-Fried is the co- founder of FTX
The Bahamas police are investigating the collapse of cryptocurrency exchange FTX which is believed to have lost nearly $473 million in cryptocurrencies, Elliptic said. FTX had put up $1 billion to keep the entire industry afloat in the summer of 2016 when digital assets plummeted in value. FTX Founder Sam Bankman-Fried has been charged for…
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Meduza can land you in Russian prison if you follow a link.
The FBI has accused two hacker groups believed to be associated with the regime of Kim Jong-un, APT38 or Lazarus, in a heist that took place in 2018. They are believed to be associated with the hacking group known as “H Hive” which has been involved in over 80 attacks in previous years. The FBI…
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Sam Bankman- Fried wrote the book ‘House of Cards’.
Former CEO of FTX Sam Bankman-Fried is said to have helped bail out several cryptocurrency companies, including BlockFi and Voyager. “I waspiecing together what…happened at FTX,” he said. Bankman-Fried was arrested on Friday in the Bahamas for allegedly defrauding investors of billions of dollars in the collapse of FTX and its sister trading firm Alameda.
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The downfall of FTX’s Sam Bankman-Fried is a big deal.
Cryptocurrency exchange FTX’s Founder Sam Bankman-Fried was arrested in the Bahamas for allegedly embezzling over $5 million from the firm. Bankman-Fried is accused of stealing an FTX Asset in the first two years of its existence in the US. FTX, which was founded in 2012, collapsed in November 2019 following a dispute with some of…
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Why is Tom Brady getting sued over something that he didn’t do?
American socialite and reality television personality Kim Kardashian has agreed to pay a $1-million fine to the US SEC after she promoted a crypto investment. She has agreed to not promote any cryptocurrency asset securities for three years, the SEC said. Kardashian had posted a tweet about EMAX, a cryptocurrency backed by E-Trade, in June…
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How FTX left a hole in the corporate overlord.
US-based cryptocurrency startup FTX’s CEO Sam Bankman-Fried has said he’s “piecing together” what has happened at FTX. In a tweet on Friday, he said his priority would be “radical transparency” or “giving as close to on-chain transparency as it can: so that people know exactly what’s happening on it”. The startup was founded by Bankman-Fried…
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The FTX collapsed.
FTX, the cryptocurrency exchange that has gone bankrupt, was founded in 2010 by a former trader named David. After David left FTX in 2016, he found a “safe and easy” way to get into crypto, according to an advertisement he saw in a newspaper. This week, FTX was on the brink of collapse after Chinese…
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Employees await the fate of Mr. Musk.
Tesla CEO Elon Musk has been “completely absent” for weeks, a Twitter employee said. He has been encouraging people to follow him on social media for a more accurate understanding of trust and safety on the platform. Investors Jason Calacanis and Sriram Krishnan, Andreessen Horowitz’s General Partner focused on cryptocurrency and Twitter’s former consumer teams…