SBFDrama.com (2024)

16/06/2023

After recently suffering a recent exploit on its platform, decentralized finance (DeFi) protocol Sturdy Finance has reopened its stablecoin market. On June 16, the lending platform announced that it has unpaused the stablecoin market, allowing users to have access to their funds. The DeFi protocol told its users that no funds were at risk and the decision to pause the market was simply done out of “an abundance of caution.”...

After recently suffering a recent exploit on its p

16/06/2023

FTX Co-Founder Sam Bankman-Fried Faces Dual Criminal Trials Total 0 Share

FTX Co-Founder Sam Bankman-Fried Faces Dual C

16/06/2023

Generative artist Dmitri Cherniak's Ringers #879 non-fungible token (NFT) sold for a hammer price of $5.4 million and a full price of $6.2 million inclusive of Sotheby's buyer's premium on Thursday during a live auction at Sotheby's auction house in New York City, blowing past estimates during a time of slower market movement. The artwork, often referred to as "The Goose" for its likeness to the animal, was the top lot during Sotheby's most recent auction of NFTs from the "Grails" collection seized from bankrupt crypto hedge fund Three Arrows Capital (...

Generative artist Dmitri Cherniak’s Ringers

16/06/2023

A day after bitcoin dipped to a three-month low, crypto investors remained jittery, keeping bitcoin and most major altcoins in the doldrums and knocking Tether’s USDT stablecoin from its $1 peg. Bitcoin was recently trading at $25,239, roughly flat over the past 24 hours after spending most of Thursday in negative territory. On Wednesday BTC tumbled below this threshold for the first time since mid-March, according to CoinDesk Indices, as markets recoiled from a recommitment to monetary hawkishness from the Federal Reserve even as the central bank paused interest rate hikes for the first time in 14 months....

A day after bitcoin dipped to a three-month low,

16/06/2023

The Uniswap Foundation released its Bridge Assessment Report on Thursday, a major community undertaking that saw the biggest decentralized exchange (DEX) formally examine some of the core infrastructure powering its governance process. Uniswap is the largest DEX by trading volume. It was among the first blockchain-based programs to offer a decentralized alternative to the traditional currency exchange – using smart contracts to allow users to swap between different crypto tokens without the need for trusted middlemen....

The Uniswap Foundation released its

16/06/2023

Key takeaways Lens Protocol embraces an open governance model where community members can participate in the decision-making process for future development. Of the three live proposals, two revolve center around open standards for algorithms and metadata. Lens Protocol – a decentralized social media platform that originated from DeFi lending giant Aave – introduced Thursday a new open governance model where community members can propose improvements to the protocol....

Key takeaways Lens Protocol embraces an open g

16/06/2023

The judge overseeing Sam Bankman-Fried's criminal trial will allow the government to treat some of the charges against him as part of a separate criminal trial for the moment. Judge Lewis Kaplan, of the U.S. District Court for the Southern District of New York, ruled Thursday afternoon that five of the charges brought against Bankman-Fried can be brought to trial in March 2024, allowing the U.S....

The judge overseeing Sam Bankman-Fried’s cr

16/06/2023

Just days after Donald Trump became the first U.S. president to be charged with federal crimes, his two-part non-fungible token (NFT) project, Trump Digital Collectible Cards, informed collectors that it was not letting his second arrest stop them from awarding prizes. In an email sent from Collect Trump Cards with the subject "Claim Your Prize from the Trump Digital Trading Cards Sweepstakes NOW!", winners of prizes such as a one-on-one meeting with the former President, a gala dinner at Mar-A-Lago or group Zoom calls were told they could now burn their NFTs to…...

Just days after Donald Trump became the

16/06/2023

United States crypto lobby group Blockchain Association has filed a request with the U.S. Securities and Exchange Commission, seeking information about the formerly little-known crypto company Prometheum. The company became the center of the crypto industry's attention this week when its CEO Aaron Kaplan testified at a House hearing and gave its support of regulating crypto under securities laws and the SEC, a position that’s starkly opposite to other vocal proponents of the industry....

United States crypto lobby group Blockchain Associ

16/06/2023

BlackRock’s latest filing for a spot Bitcoin (BTC) trust will drive investors’ confidence in Bitcoin and may even be “the best thing that could happen” to BTC, according to some crypto industry observers — but others warn of a hidden cost. During an interview on June 16, Galaxy Digital CEO Mike Novogratz said the approval of BlackRock’s ETF application would be “the best thing that could happen to $BTC.”...

BlackRock’s latest

16/06/2023

Criminal charges against FTX co-founder Sam Bankman-Fried have been split, with the former CEO now facing two separate trials for his alleged mismanagement of the crypto exchange. Bankman-Fried is facing a total of 13 charges relating to fraud, fraud conspiracy and bribery. A trial for all the charges was scheduled to begin on Oct. 2. Five of those charges will now be split off into a second trial on March 11, 2024, according to a June 15 ...

Criminal charges against FTX co-founder Sam Bankma

16/06/2023

ETH price live data The Ethereum price is currently at $1,669.03, as of June 16, 2023. Over the past 24 hours, the price of ETH has moved by 2.15%. The 24-hour trading volume for Ethereum stands at $6,952,620,101. Over the past year, the ETH price has experienced a 41.78% change. Ethereum now holds the 2 position in crypto.news rankings, with a market capitalization of $200,687,586,685....

ETH price live data The Ethereum price is current

16/06/2023

BTC price live data The Bitcoin price is currently at $25,589.00, as of June 16, 2023. Over the past 24 hours, the price of BTC has moved by 2.85%. The 24-hour trading volume for Bitcoin stands at $12,563,851,707. Over the past year, the BTC price has experienced a 17.31% change. Bitcoin now holds the 1 position in crypto.news rankings, with a market capitalization of $496,318,097,582....

BTC price live data The Bitcoin price is currentl

16/06/2023

BNB price live data The BNB price is currently at $239.16, as of June 16, 2023. Over the past 24 hours, the price of BNB has moved by 1.72%. The 24-hour trading volume for BNB stands at $663,182,151. Over the past year, the BNB price has experienced a 5.66% change. BNB now holds the 4 position in crypto.news rankings, with a market capitalization of $37,273,906,223. The circulating supply of BNB is currently $155,855,196. The metrics are updated every minute for real-time accuracy.

BNB price live data The BNB price is currently at

16/06/2023

2021 The beginning of 2021 was quite bullish for SOL, as the token opened the year at $4.23 before taking a gigantic leap in February to hit the $13.31 mark. The upward momentum did not stop in March, however, as the token rose to around $19.18 and experienced massive volatility throughout that month. The month of April was no different from the rest, as SOL continued to enjoy a solid bullish run, increasing to $42.58, before decreasing to $28.56 in May of that year....

2021 The beginning of 2021 was quite bullish for S

16/06/2023

XRP price live data The XRP price is currently at $0.4795990, as of June 16, 2023. Over the past 24 hours, the price of XRP has moved by 1.41%. The 24-hour trading volume for XRP stands at $1,058,577,557. Over the past year, the XRP price has experienced a 44.38% change. XRP now holds the 6 position in crypto.news rankings, with a market capitalization of $24,935,036,329....

XRP price live data The XRP price is currently at

16/06/2023

21Shares, a provider of crypto exchange-traded products (ETP), introduced a way of gaining exposure to Lido DAO, offering traditional investors single asset exposure to the largest participant in the liquid-staking ecosystem. According to the Switzerland-based company’s issue-specific summary, “21Shares Lido DAO ETP (LIDO) is a non-interest bearing, open-ended security. Each series of the product is linked to an index or specific underlying asset Lido DAO.”...

21Shares, a provider of crypto exchange-traded pr

16/06/2023

Takeaways • Over 291 million CRV tokens have been deposited to Aave, equating to 34% of circulating supply. • CRV token is down by 2.1% in 24-hours following a sudden 17% drop on Saturday. Curve Finance founder Michael Egorov has deposited $24 million worth of Curve DAO (CRV) tokens to decentralized lending platform Aave to mitigate the liquidation risk of a $65 million stablecoin loan....

Takeaways • Over 291 million CRV tokens have bee

16/06/2023

The U.S. Securities and Exchange Commission (SEC)’s lawsuits against Binance and Coinbase highlight the need for U.S. lawmakers to come up with “a comprehensive framework on how to regulate the crypto industries and the relative responsibilities of SEC vs the Commodity Futures Trading Commission (CFTC),” JPMorgan (JPM) said in a Thursday research report. The SEC thinks most cryptocurrencies should be classed as securities, and therefore, most crypto companies and trading should fall under its supervision and comply with regulatory frameworks that are currently applied to other securities, the report said....

The U.S.

16/06/2023

Venture capital giant Andreessen Horowitz (a16z) chose London as the site for its first office outside the U.S., saying the U.K. government is willing to create policies that encourage startups to pursue decentralization. Menlo Park, California-based A16z plans to use the office, which will open later this year and be led by Sriram Krishnan, to invest in the crypto and startup ecosystem in the U.K....

Venture capital giant Andreessen Horowitz (a16z)

16/06/2023

Investors of Solana's SOL, Cardano's ADA and Polygon's MATIC, which were impacted by a sudden sell-off over the weekend, had a reason to cheer on Monday as prices stabilized and reversed some losses. SOL rose 2.2%, ADA was up 3.5%, while MATIC surged 5.5%, data from CoinGecko shows. Futures data showed relatively low open interest and liquidations, suggesting the move was led by spot trading....

Investors of Solana’s SOL, Cardano’s

16/06/2023

Open interest, or the number of unsettled and active futures contracts tied to Binance's BNB token, continues to rise, according to data tracked by Coinglass. Total open interest rose to 1.57 million BNB ($360 million) on Monday, the highest since Jan. 1. The tally has increased by over 8% in the past 24 hours and nearly 27% in one week....

Open interest, or the number of unsettled and act

16/06/2023

Gensyn, a provider of blockchain-based computing resources for artificial intelligence platforms (AI), has secured a $43 million, Series A funding round, led by venture capital giant a16z. The U.K.-based company’s protocol enables developers to build AI systems on smaller data centers, personal gaming computers and other connected hardware and to pay on demand. Gensysn uses a cryptographic verification network that without the need for intermediaries allows users to determine that machine learning work shared over the protocol has been finished correctly.....

Gensyn, a provider of blockchain-based computing

16/06/2023

CORRECTION (June 12, 08:07 UTC): Updates headline following Binance's comment that the Nigerian company is not affiliated with the company. An earlier version referred to Binance's Nigerian unit. A company called Binance Nigeria Limited was ordered to immediately halt operations in the West African nation by the local Securities and Exchange Commission (SEC), according to a Friday circular. "Binance Nigeria Limited is neither registered nor regulated by the Commission and its operations in Nigeria are therefore illegal," the notice said....

CORRECTION (June 12, 08:07 UTC): Updates headline

16/06/2023

Millions worth of polygon (MATIC) appeared to be sent by key market makers Jump Trading and Cumberland to crypto exchanges on Friday night ahead of a nearly 30% drop, blockchain data shows. Analytics firm Lookonchain said in multiple tweets on Saturday that Cumberland had deposited 9 million MATIC, worth over $6.3 million, to Binance and 5 million MATIC, worth $3.5 million, to Coinbase....

Millions worth of polygon (MATIC) appeared to be

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