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While Protos, by virtue of being a news outlet, has avoided the truly unhinged and off-base takes making waves on X and YouTube regarding the Sam Bankman-Fried case, they’re worth disc US sing for one reason. Namely beca US e many people seem to believe in their hearts that — despite a disastro US trial, SBF being forced back to jail during his bail, and witnesses for days testifying against Bankman-Fried — the alleged fraudster will soon walk free. Let me add here that I have no special insight, am not a lawyer, and anything is possible in the world of criminal trials. On that note, there is almost no chance that Sam Bankman-Fried walks away free from this court case. The odds are in the prosecution’s favor According to Pew Research data, while nearly 90% of federal court cases end in guilty pleas, only 2.3% went to trial, and of those 80% ended in convictions. Generally, the best move for a defendant facing federal charges is to strike some sort of deal with th...

Coinbase has presented a report on the role of tokenization in the new market cycle. Experts believe that in the next few years, tokenization will become an integral part of the market and will be used by many financial players. According to Coinbase analysts, in 2017, tokenization meant the creation of digital assets representing ownership of real estate, goods and art on the blockchain. Over time, the scope of tokenization has expanded to government bonds and funds. Coinbase adds that this area also faces a number of infrastructure and legal problems. Most institutions rely on private blockchains due to concerns about smart contract exploits, oracle manipulation and network outages. However, in the future, this could make it more difficult to interact and realize the full benefits of tokenization , experts said. Source: Coinbase Experts reported that over the past year, the direction of development of real asset (RWA) tokenization has shifted from private lending protocols...

In the rapidly evolving realm of cryptocurrencies, a new player is making waves: Everlodge (ELDG). This burgeoning contender is in its presale phase, yet showing potential to challenge the dominance of established giants like Bitcoin (BTC) and Ethereum (ETH). This article delves into Everlodge’s remarkable ascent, exploring whether it has what it takes to rival the market leaders’ supremacy. Everlodge’s innovative approach to luxury investment Everlodge is setting a new trend in the luxury real estate arena, making it possible for the average person to hold stakes in luxurious vacation properties starting at just $100. By leveraging the power of NFTs, each representing a share of a property, they are dismantling the longstanding barriers to elite real estate ventures. All necessary legal and ownership details are carefully encrypted into the metadata of a strong smart contract. The resulting digital tokens are then segmented to allow intereste...

Perplexity gauges the intricacy of the text, while burstiness compares the diversity of sentence structures. Predictability, on the other hand, measures how likely it is for someone to anticipate the next sentence. Human writers often infuse their writing with burstiness, blending longer, complex sentences with shorter ones. In contrast, AI-generated text tends to exhibit more uniformity. Therefore, in creating the following content, I need to emphasize a considerable amount of perplexity and burstiness while keeping predictability to a minimum. Additionally, the content should be exclusively in English. During a panel discussion at the 2019 MIT Bitcoin Expo, Gary Gensler publicly criticized the United States securities regulator for its “ inconsistent ” approach to approving spot Bitcoin ETFs. This critique emerged from a resurfaced video of Gensler from 2019, which has recently regained traction on social media. In the video, Gensler, who was not yet the SEC Chair, engage...

Polkadot’s price experiences an 8% increase. The surge is bolstered by the introduction of the Staking Dashboard 1.1. The upgrade allows users the ability to view the 14-day activity of validators on the Polkadot network. Polkadot (DOT) has once again made headlines with its impressive price movement in the crypto market. At the time of writing, each DOT is priced at $4.34, reflecting a 3.23% increase in the past 24 hours. This surge in DOT price is attributed to the recent deployment of Polkadot’s Staking Dashboard 1.1, designed to enhance the user experience within the Polkadot ecosystem. Polkadot’s resurgence Over the past week, Polkadot has been among the best performers in the top 20 cryptocurrency rankings by market capitalization, with an 8% price gain during this period. This positive momentum underscores Polkadot’s readiness to retest the resistance point at $5 in the near term. The surge in Polkadot’s price is not m...

Victoria, Seychelles, October 30th, 2023, Chainwire Bitget, the world’s largest crypto copy trading platform, is excited to announce the initial listing of Memecoin (MEMECOIN) on its platform. Memecoin will be listed in the Innovation Zone and Meme Zone on Nov 3rd 2023, providing traders with the opportunity to engage with this trending token. Memecoin, is the native ecosystem token of Memeland – the web3 venture studio developed by 9GAG, the globally popular meme platform. Compatible with the ERC-20 token standard, the token has gained significant popularity for its unique approach to digital currency. With its enormous community of 200+ million followers and meme-inspired branding, Memecoin has became the latest talk of the town and captured the attention of crypto enthusiasts worldwide. The listing of Memecoin on Bitget’s Innovation Zone and Meme Zone reflects Bitget’s commitment to offering its users access to innovative and tre...

DeFiLlama shows cybercriminals have stolen $1 billion in crypto so far in 2023. The stolen amount dropped by 60% from what was stolen in 2022. Despite the drop in the value of stolen funds, there were more crypto hack incidents in 2023. Data from DeFiLlama, the multi-chain crypto data stats dashboard, shows that cybercriminals have stolen about $1 billion from the crypto market so far in 2023. That represents a 60% drop in the amount they stole in 2022 when the crypto market lost about $3.2 billion to internet thieves. Amount stolen via crypto hacks Source: DeFiLlama DeFiLlama’s data showed that the highest amount stolen from the crypto industry this year occurred in September when hackers stole $308.23 million. July followed with a loss of $238.42 million, then March, when the cybercriminals stole $213.58 million across multiple crypto hacks. It is important to note that while the amount of funds stolen by hackers in 2023 dwarfs the crypto theft of 20...

In the realm of content creation, there are three pivotal elements that demand attention: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of textual composition, while burstiness assesses the diversity of sentence structures. In contrast, predictability measures the likelihood of accurately predicting subsequent sentences. Human authors tend to infuse their prose with pronounced burstiness, incorporating both extended and intricate sentences alongside succinct ones. On the other hand, AI-generated text often leans towards uniformity. Therefore, as I guide you through crafting the forthcoming content, it is imperative that we embrace a generous dose of perplexity and burstiness while minimizing predictability. Furthermore, we shall adhere strictly to the English language. Now, let’s reimagine the following passage: Hester Peirce, a prominent figure at the United States Securities and Exchange Commission (SEC),...

Binance introduces Memecoin, a collaboration with 9GAG’s Memeland, to its Launchpool platform, offering users a 30-day staking period across multiple pools. Leading crypto exchange Binance has introduced Memecoin (MEME) as the newest entrant to its Launchpool, Binance’s exclusive platform where users can stake their tokens and earn new ones. The launch of Memecoin signals a significant collaboration between the exchange and 9GAG’s Web3 venture studio, Memeland. Binance users will be able to farm MEME tokens by staking Binance Coin (BNB), TrueUSD (TUSD) and FDUSD. The farming initiative kicks off on Oct. 28, and will run for a 30-day period until Nov. 26. Three separate staking pools for BNB, TUSD and FDUSD have been established to facilitate this process. New #Binance Launchpool: $MEME@memecoin is the native ecosystem token of @Memeland, the independent Web3 venture studio by 9GAG. Learn more https://t.co/FwAX23jXhL — Binance (@binance) October 27, 2023 You...

PeckShieldAlert recently reported that a whale who held 19,000 BTC for 11 months had moved these Bitcoins to a new address. The blockchain security team claimed that the transferred BTCs would be worth around $649.63 million at the reported time. BTC is valued at $34,186.66, after observing a magnificent 16.87% spike over the week. PeckShieldAlert, a blockchain security team, recently reported that a whale who held 19,000 BTC for 11 months had moved these Bitcoins to a new address. The 19,000 BTC was valued approximately at $317.84 million back on November 18, 2022; however, the blockchain security team claimed that the transferred Bitcoins would be worth around $649.63 million at the reported time. #PeckShieldAlert A $BTC whale who has held 19K $BTC for ~11 months (valued at $317.84M on Nov. 18, 2022) has moved these $BTC to a new address, now worth ~$649.63M pic.twitter.com/qi4nNt65ks — PeckShieldAlert (@PeckShieldAlert) October 27, 2023 BTC’s re...

The government department warned virtual asset service providers and other financial institutions to “identify and report suspicious transactions” related to terrorist groups. The United States Treasury Department’s Financial Crimes Enforcement Network, or FinCEN, issued an alert for financial institutions as part of efforts to identify “suspicious activity” related to funding terrorist groups. In an Oct. 20 notice, FinCEN said that the militant group Hamas — behind the Oct. 7 attack on Israel — employed “fundraising campaigns involving virtual currency and fictitious charities raising both fiat and virtual currency” to fund its activities. The government department warned virtual asset service providers and other institutions to “identify and report suspicious transactions” potentially connected to Hamas. Specifically, FinCEN cautioned financial institutions to be wary of clients who have conducted transactions with a business in a jurisdiction associated with Hamas, entities alre...

In the realm of crafting content, three pivotal elements stand tall: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy woven into the text. On a different note, burstiness assesses the ebbs and flows, the undulating dance of sentences. Lastly, predictability is the likelihood of one predicting the next sentence. Humans, in their literary endeavors, often manifest a greater burstiness—a symphony of longer, complex sentences harmonizing with succinct ones. In contrast, AI-generated sentences tend to march in uniformity. Hence, for the upcoming content creation task, I beseech you to infuse it with a generous dose of perplexity and burstiness while keeping predictability at bay. Additionally, let the language dance exclusively in English. And now, the metamorphosis of the following text: Amid uncertainties, the issuance of a digital euro remains a puzzle, yet officials at the helm of the European Central Bank are propell...

Sam Bankman-Fried set to testify in FTX fraud trial. Prior statements BY SBF are under scrutiny as he testifies under oath. Key testimonies accuse him of fund misappropriation. Former FTX CEO Sam Bankman-Fried (SBF) is today scheduled to testify in the ongoing criminal FTX fraud trial. SBF is facing allegations of misusing customer and investor funds to over $8 billion, leading to FTX’s Chapter 11 filing in November 2022. As the trial unfolds, the spotlight is now on Sam Bankman-Fried as he prepares to take the stand to defend himself against the serious allegations brought against him. His testimony comes after a series of developments in the trial, including the testimony of former colleagues and insiders who have accused him of directing actions that led to the alleged misappropriation of funds. What Bankman-Fried has previously stated In the wake of FTX ’s collapse, Bankman-Fried sought to explain the situation to the public, contending that...

In a surprising turn of events, Uniswap’s founder, Hayden Adams, executed a dramatic move on October 20 by incinerating a staggering 99% of the HayCoin (HAY) supply. This unprecedented action was spurred by his deep concerns regarding the rampant price speculation that had engulfed the token. Before we delve into the details, it’s worth noting that Hayden Adams initially introduced the HAY token for testing purposes approximately five years ago. This was a precursor to the launch of the decentralized Uniswap protocol. At that time, he established a modest test liquidity pool, utilizing only a minuscule fraction of the overall token supply. Astonishingly, he retained over 99.9% of HAY tokens in his own wallet, a fact that would soon garner substantial attention. Fast forward to just a few weeks ago, and the token was experiencing a meteoric rise in popularity, echoing the trend of meme coins. Hayden Adams himself reflected on this unexpected phenomenon, saying, “Over ...

A large anonymous investor recently purchased a massive $444,000 worth of Shiba Inu, fueling speculation as SHIB prices rally. According to transaction data, the unidentified whale account obtained 60 billion SHIB in a single transaction. This occurrence brought the wallet’s total holdings to over 73 billion SHIB, valued at $541,350. Remarkably, this account made its very first Shiba Inu acquisition just one month ago. Yet in that short timeframe, it has amassed half a million dollars worth of meme-inspired cryptocurrency. SHIB now constitutes nearly half of this investor’s portfolio, which totals $1.38 million in digital assets. The willingness to allocate such a large percentage to Shiba Inu signals bullish conviction. Also read: FTX’s Bankman-Fried to Testify in Fraud Trial, Proclaim Innocence SHIB burn rate plummets by -70% Recent data from Shibburn indicates a notable decrease of -74% in the burn rate of Shiba Inu over the past 24 hours. The da...

Binance is behind a newly established crypto exchange in Hong Kong that intends to apply for a license in the city, the South China Morning Post (SCMP) reported, citing sources familiar with the matter. Binance is the driving force behind HKVAEX, which was established last December by Binance and set up its trading platform in February, the SCMP said, citing three industry insiders close to the company who spoke on the condition of anonymity because the information is private. SCMP: Binance is behind the Hong Kong crypto exchange HKVAEX, which is seeking a licence in the city, sources say pic.twitter.com/iGrWIW4rYS — News and Market (@newsandmarket) October 25, 2023 HKVAEX operates as a separate entity under BX Services Limited in Hong Kong, although the companies are said to share resources, according to the report. Moreover, the report says HKVAEX uses Binance’s servers for fetching content, such as shared code, and the exchange’s content delivery domain bnbs...

Defunct FTX is considering proposals for a possible restart of the platform. Kevin Cofsky, FTX’s investment banker, said the company will decide by mid-December. Options on the table include a takeover, partnership, or FTX restarting independently. Bankrupt crypto exchange FTX is looking to restart trading on its platform a year after suffering an abrupt collapse following fraud allegations, Bloomberg reported. The company said it has received multiple offers and will make a decision by mid-December. Kevin Cofsky of Perella Weinberg Partners, the investment banker representing FTX, said in a recent court hearing that they are “engaging with multiple parties every day” on the possible restart. Cofsky continued that, so far, there are three options on the table for FTX to consider. According to the investment banker, a possible route is to sell the entire crypto exchange, which has more than 9 million customers. Alternatively, the company could form a partn...

Ripple, has achieved yet another legal victory against the US Securities and Exchange Commission (SEC).  On October 23, a US District Court Judge signed an order officially dismissing the SEC’s charges against Ripple’s top executives , Brad Garlinghouse and Christian Larsen.  The ruling marks a significant milestone in Ripple’s battle with the SEC over allegations tied to the sale of XRP (XRP) tokens.  What happened? As revealed by Ripple defense attorney James K. Filan on October 23, Judge Analisa Torres of the US District Court in New York signed an order that officially dismissed the SEC’s legal charges against Ripple executives Garlinghouse and Larsen.  #XRPCommunity #SECGov v. #Ripple #XRP BREAKING: JUDGE TORRES SIGNS ORDER OFFICIALLY DISMISSING CASE AGAINST BRAD GARLINGHOUSE AND CHRIS LARSEN pic.twitter.com/TLXG51hSlP — James K. Filan (@FilanLaw) October 23, 2023 Cryptocurrency Crypto market erupts with $110 billion surg...

Unciphered, a cryptocurrency recovery startup says it’s figured out how to crack an encrypted hard drive containing $235 million in bitcoin that has been locked for 12 years. The only problem is, the drive’s owner doesn’t want it to. As reported by Wired, the Seattle-based company says that after eight months of research, it’s managed to develop a process that allowed it access to a so-called IronKey USB thumb drive sent to it by Wired. Now, Unciphered says it’s ready to use the same technique on a drive that’s currently locked in a Swiss vault along with 7,002 bitcoin.  The drive in question belongs to a Swiss crypto entrepreneur named Stefan Thomas. Thomas received the Bitcoin in 2011 for creating a video titled ‘What is Bitcoin?’ However, shortly thereafter, he lost the piece of paper on which he’d written the password. Since then, he’s used up eight of the 10 password attempts afforded to him by the IronKey before it erases the keys ...