jupiter
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1 year, 7 months ago
Former Alameda Research Engineer Reveals $190 Million Losses Due to Scams and Security Incidents
Former engineer at Alameda Research, Aditya Baridwaj, has claimed that FTX’s sister hedge fund lost at least $190 million due to avoidable scams. Baridwaj alleges that the firm’s agility led to major security inc…
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1 year, 7 months agoPalau's CBDC and Ripple-Powered Stablecoin Drive Financial Inclusion and Efficiency
Palau, a small island nation in the Pacific Ocean, is taking a significant step towards financial modernization by introducing a government-issued stablecoin powered by Ripple. This move aims to address the…
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1 year, 7 months agoBinance CEO and Executives Recommended for Indictment in Brazilian Financial Fraud Investigation
In a recent development, a Brazilian congressional committee has recommended the indictment of Binance CEO Changpeng “CZ” Zhao and three other Binance executives following an extensive investigation into fin…
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1 year, 7 months agoGalxe Refunds Over $396,000 to Users Affected by DNS Attack, Offers Additional Compensation
Galxe, a Web3 credentials and rewards platform, has taken swift action to address a recent DNS attack that left its users vulnerable. The platform has announced a refund of over $396,000 for more than 980 affected…
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1 year, 7 months agoEuropean Regulator: DeFi Poses Limited Risk to Financial Stability, Requires Monitoring
Decentralized finance (DeFi) is currently not a significant threat to overall financial stability, but it does require monitoring, according to the European Union’s financial markets and securities regulator, the E…
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1 year, 7 months agoUS Senators Push for Faster Implementation of Crypto Tax Rules to Prevent Billions in Lost Revenue
U.S. Senators Elizabeth Warren and Angus S. King, Jr. have urged the U.S. Department of the Treasury and the Internal Revenue Service (IRS) to speed up the implementation of new tax reporting rules for…
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1 year, 7 months agoCrypto Exchange WOO Network Severs Ties with Bankrupt Three Arrows Capital in Share and Token Buyback Settlement
Crypto exchange WOO Network has reached a settlement to sever ties with bankrupt hedge fund Three Arrows Capital. WOO will repurchase over 20 million WOO tokens and additional shares acquired by the hedge fund…
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1 year, 7 months agoStars Arena Recovers Majority of Stolen Crypto After Security Breach, Offers Bounty to Hacker
Web3 social media platform Stars Arena has announced that it has recovered almost all of the cryptocurrency that was stolen in a recent exploit. The platform was able to retrieve around 90% of the 266,000 Avalanche…
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1 year, 7 months agoFormer Alameda Research CEO Testifies about Hidden Payments to Chinese Officials in Trial of FTX Founder
During the trial of Sam Bankman-Fried, the founder of crypto exchange FTX, shocking revelations emerged from the testimony of former Alameda Research CEO Caroline Ellison. While Bankman-Fried was not charged with…
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1 year, 7 months agoLido Finance's Ethereum Staking Protocol Faces Slashing Events Due to Infrastructure Issues with Launchnodes Validators
Ethereum staking protocol Lido Finance has experienced 20 slashing events due to infrastructure and signer configuration issues from validators operated by Launchnodes. The incident occurred on October 11,…
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1 year, 7 months agoFormer CEO of FTX, Sam Bankman-Fried, sought capital from Saudi royalty and aimed to crack down on rival Binance, according to court testimony
Former CEO of crypto exchange FTX, Sam Bankman-Fried, was reportedly concerned about various issues leading up to the collapse of the exchange. According to former Alameda Research CEO Caroline Ellison’s personal n…
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1 year, 7 months agoSBF Trial: Explosive Testimony Reveals Ambitions, Bribery, and Controversial Tactics
The sixth day of the trial of FTX founder Sam Bankman-Fried (SBF) revealed new details about his ambitions and the events leading up to the collapse of FTX. Caroline Ellison, the CEO of Alameda Research, testified…
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1 year, 7 months agoReal Estate-Backed Stablecoin USDR Loses Peg to USD Amidst Rush of Redemptions
Real estate-backed stablecoin USDR has lost its peg to the U.S. dollar due to a surge in redemptions that depleted its liquid assets, including Dai from its treasury. USDR is issued by Tangible protocol, a…
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1 year, 7 months agoJPMorgan Successfully Conducts First Live Blockchain Collateral Settlement Transaction with BlackRock and Barclays
JPMorgan has achieved a significant milestone by successfully conducting its first live blockchain-based collateral settlement transaction. The transaction involved BlackRock and Barclays and utilized JPMorgan’s E…
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1 year, 7 months agoARK Invest Addresses SEC Concerns in Updated Bitcoin ETF Proposal
ARK Invest has updated its proposal for a spot Bitcoin ETF in response to criticisms from the U.S. Securities and Exchange Commission (SEC). The amendment addresses concerns regarding accounting methods, risk…
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1 year, 7 months agoShiba Inu Team Member Warns Community and Exchanges of Scammers and Fake LinkedIn Pages
The Shiba Inu community has seen increased activity since the launch of the Ethereum Layer 2 network Shibarium. However, this rise in activity has attracted bad actors looking to take advantage of the situation. A…
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1 year, 7 months agoSolana Co-Founder Highlights Obvious Use Case for Crypto: Simple Payments
Anatoly Yakovenko, co-founder of Solana, a smart contract platform, believes that one of the obvious use cases for cryptocurrency and blockchain technology is simple payments. In an interview, Yakovenko emphasized…
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1 year, 7 months agoUS Senators Urge Swift Implementation of Crypto Tax Reporting Requirements
Seven U.S. senators, including Elizabeth Warren and Bernie Sanders, have urged the Treasury Department and IRS to expedite the implementation of tax reporting requirements for crypto brokers. The lawmakers…
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1 year, 7 months agoBrazilian Congressional Committee Recommends Indictment of Binance CEO and Executives for Fraud and Illegal Practices
FTX co-founder Sam Bankman-Fried reportedly considered selling equity in the company to Saudi Crown Prince Mohammed bin Salman, according to testimony from former Alameda Research CEO Caroline Ellison during…
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1 year, 7 months agoBitcoin Drops Nearly 3% to $26.7K, Testing September Lows
Bitcoin experienced a decline of nearly 3% to $26.7K, reaching its lowest level since late September. Despite attempting to break through the $28,000 resistance over the weekend, the cryptocurrency was unable to…
