Cryptocurrency

According to an Aug. 8 Bloomberg report, lawyers for Salame could enter a guilty plea as early as September, in advance of former FTX CEO Sam Bankman-Fried’s criminal trial, scheduled to start on Oct. 2. Prosecutors had reportedly been investigating Salame for potential violations of U.S. campaign finance laws related to his girlfriend Michelle Bond’s run for Congress, in which they both allegedly exceeded the federal limits on contributions.Continue Reading on Coin Telegraph More

In an Aug. 8 letter to Judge Lewis Kaplan, U.S. Attorney Damian Williams said the Department of Justice (DoJ) plans to pursue seven charges against SBF in its trial scheduled to begin in October. Though the DoJ said it was “prevented by its treaty obligations to the Bahamas” from adding an eighth count to SBF’s indictment on violations of campaign finance law, prosecutors would consider evidence of the alleged scheme as part of an existing wire fraud charge. Continue Reading on Coin Telegraph More

For Bitcoin (BTC) and cryptocurrency investors, inflation has typically been viewed as a positive factor influencing the price, as evidenced by the previous all-time highs of $65,000 and $69,000 that occurred during a period of monetary expansion and increasing inflation in 2021. However, the current situation is different because inflation is making a comeback while the Federal Reserve has been effectively reducing liquidity in the system. As a result, the impact of inflation on cryptocurrencies remains uncertain.Continue Reading on Coin Telegraph More

In the episode “How the West Was 1010001,” which was released on Hulu on Aug. 6, the main characters find themselves in debt to the Robot Mafia and are forced to journey west to “Crypto Country” — a parody on mining the materials needed to create Bitcoin in the literal Wild West. According to Futurama, not only is the price of BTC still volatile in the year 3023, but people travel in search of “cheap, filthy electricity” to continue to mine blocks.Continue Reading on Coin Telegraph More

In an Aug. 7 announcement, Kraken announced the listing of Moons (MOON) and Brick (BRICK) for spot trading and perpetual futures. At the time of publication, users could only deposit the two tokens via the Arbitrum Nova network. Continue Reading on Coin Telegraph More

The British government launched the consultation under the headline “Payments Regulation and the Systemic Perimeter” in 2022 to get market proposals on reforming the BoE payments perimeter, given the evolution of financial stability risks. Continue Reading on Coin Telegraph More

The August report analyzed 70 AI Chrome extensions across seven different categories, including 10 writing extensions, which all fell into the high-risk category. 48 of 70 fell into the high-risk impact category if beached, yet 60% of the extensions were of low risk to face a security breach in the first place.Continue Reading on Coin Telegraph More

In an announcement, MAS highlighted that the funds will be spent in three years under its renewed Financial Sector Technology and Innovation (FSTI) scheme. According to the announcement, the new scheme will aim to “accelerate and strengthen innovation” by supporting projects that use cutting-edge technologies. Continue Reading on Coin Telegraph More