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Cointelegraph reporters are on the ground in New York for the trial of former FTX CEO Sam Bankman-Fried. As the saga unfolds, check below for the latest updates.Oct. 3: SBF trial beginsThe trial of Sam Bankman-Fried began on Oct. 3 with jury selection. Bankman-Fried is charged with seven counts of
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A federal judge in California denied the motion to dismiss the case against Compound Labs and its associated entities, after allegations of violating financial regulations. This means owners of the COMP token can move ahead with their lawsuit. Partner identification The lawsuit claims those who control the decentralized organization known as Compound are
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DappRadar analysts say the industry and observers need to internalize the evolving utility of metaverses. Blockchain-based virtual worlds are struggling to weather the storm as on-chain data indicate a continued trade decline. According to a monthly overview report by DappRadar, in August 2023, there were only 8,329 land sales (worth $4.1
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The Federal Reserve Bank vice chairman spoke at the Philadelphia Fed’s fintech event on Sept. 8 about what the central bank’s role is in financial innovation. Research and supervision was the short answer, with a nod to the FedNow Service.Along with the standard disclaimer about it making no decisions without
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Recent changes to the Cambridge Bitcoin Electricity Consumption Index (CBECI) methodology have led JP Morgan to adjust its estimates concerning the production costs of Bitcoin(BTC). Previously pegged at approximately $21,000, the new model suggests that the cost of producing a single Bitcoin is now closer to $18,000. The shift signifies that
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Google says that since Sept. 15, advertisers promoting gambling-related content will not be allowed to advertise these products or services. As part of the change log, Google shares that in September 2023, it will update the cryptocurrencies and
Read MoreThe burning of SHIB tokens has become an important part of the Shiba Inu community. Each week, tokens are sent to a
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Polygon’s recent Dragon Fruit update has not impacted MATIC prices as developers might have expected. MATIC is Polygon’s native utility token. Amid this, Ethereum-based blockchain projects like InQubeta are actively being explored. InQubeta takes on the inefficiency and inaccessibility
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While on the surface, this may seem like an attempt to provide value to users, it highlights the ongoing tension between personalized experiences and the ethical use of personal data. X, the social media networking giant, formerly known as Twitter, has revised its privacy policy to incorporate the collection and utilization
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Recent reports have indicated that Elon Musk might be considering the transformation of X (former Twitter) into a modernized iteration of PayPal. Previously, a major institution’s endorsement of Bitcoin (BTC), like that of PayPal in late 2020,
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