Convicted mango market extortionist Abraham “Avi” Eisenberg has asked the court to dismiss fraud and merchandising charges and retry him.77 pages work out In a lawsuit filed earlier this week, Eisenberg’s attorneys argue that the Southern District of New York is not the proper venue and that the government has failed to prove that Eisenberg intended to manipulate the price of perpetual futures contracts on decentralized cryptocurrency exchange Mango Markets.“The evidence was clear that Mr. Eisenberg acted alone in or around Puerto Rico during all relevant time periods—a somewhat limited time period since all relevant trading and withdrawal activity occurred…
Author: Crypto Flexs
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Join us telegram Stay up to date with the latest news coverage by subscribing to our channels. The price of XRP has surged 18% in the last 24 hours. Trading at $0.6104 As of 12:41 a.m. ET, trading volume had surged 199% to $4.9 billion. This comes after a federal judge ordered Ripple to pay $125 million in civil penalties for improperly selling XRP. The settlement of a three-year securities lawsuit against Ripple Labs is being seen as a “victory” after the SEC demanded a fine of around $2 billion. The SEC asked for $2 billion, and the court recognized…
It’s fair to say that the initial hype bubble around AI has burst, and people are starting to ask: What has AI done for me lately? Too often, the answer is not much. A study in the Journal of Hospitality Marketing & Management found that products described as using AI are consistently less popular. The effect is even more pronounced with high-risk purchases like expensive electronics or medical devices, suggesting consumers have serious reservations about the reliability of current AI tech. “When AI is mentioned, it tends to lower emotional trust, which in turn decreases purchase intentions,” said lead author…
According to a filing on August 7, the U.S. Securities and Exchange Commission (SEC) is seeking public comment on a proposal by NYSE American LLC to list and trade options on spot Ethereum exchange-traded funds (ETFs) from Bitwise and Grayscale.The SEC stated:”The Exchange proposes to amend Rule 915 to allow options listing and trading on the Bitwise Ethereum ETF, Grayscale Ethereum Trust (ETH), Grayscale Ethereum Mini Trust, and all trusts that hold Ether.”Options are derivatives that provide the right, but not the obligation, to buy or sell an asset, such as a stock or ETF, at a set price by…
Darius Baru 8 Aug 2024 14:47 Anthropic is expanding its AI Model Safety Bug Bounty Program to offer rewards of up to $15,000 to address common jailbreak vulnerabilities. The rapid advancement of artificial intelligence (AI) model capabilities requires rapid advancement of safety protocols. According to Anthropic, the company is expanding its bug bounty program to introduce a new initiative aimed at finding flaws in mitigations designed to prevent misuse of its models.Bug bounty programs are essential to strengthening the security and safety of technology systems. Anthropic’s new initiative focuses on identifying and mitigating universal…
Bitcoin (BTC) opened higher on August 8, breaking above $58,000 on Wall Street as U.S. unemployment data lifted sentiment.BTC/USD 1-hour chart. Source: TradingViewFalling unemployment claims, ‘good news’ for BitcoinAccording to data from Cointelegraph Markets Pro and TradingView, the local BTC price on Bitstamp hit a high of $58,482, the best performance of the week.Initial claims for U.S. unemployment benefits fell short of expectations of 233,000, sending a wave of optimism about the economy into a territory where recession fears had previously been high.“Despite being an inherently noisy, high-frequency data release, today’s US unemployment claims will attract a lot of attention,”…
According to court documents on Wednesday, Judge P. Kevin Castel of the Southern District of New York approved a $12.7 billion settlement between FTX, Alameda Research and the Commodity Futures Trading Commission.The shuttered cryptocurrency exchange FTX and its associated trading firm Alameda Research reached a settlement with the CFTC in July after months of negotiations, pending approval of the consent decree.This puts an end to a lawsuit the CFTC filed in December 2022 against the exchange, former FTX CEO Sam Bankman-Fried, and Alameda, alleging that customers lost $8 billion due to fraud. The agency originally sought a $52.2 billion claim.As…
Jorg Hiller Aug 8, 2024 07:28 Binance Futures will launch SOLUSD COIN-M Quarterly and Quarterly contracts on August 14, 2024, offering up to 20x leverage. Binance Futures will be launching SOLUSD COIN-M Quarterly and Quarterly Contracts, offering up to 20x leverage, according to an official announcement from Binance. The new contracts are scheduled to launch on August 14, 2024 at 12:00 UTC and 12:05 UTC, respectively. Details of the new contract The SOLUSD CM Q0927 and SOLUSD CM Q2 1227 contracts offer traders the opportunity to significantly increase their trading positions with up to…
A prominent cryptocurrency analyst says one competitor to Ethereum (ETH) could retest lower prices in the coming weeks. In a new strategy session, anonymous cryptocurrency trader Altcoin Sherpa told his 219,200 followers on social media platform X that Solana (SOL) could drop by at least 14% from its current value. “SOL: $125-$150 is still a good place to accumulate SOL. I still believe it will be one of the best retail chains this cycle, and there is still a lot of memecoin activity going on. There was a strong reaction (August 6th), but I personally think it could go back…
On Monday, the cryptocurrency markets experienced their sharpest correction since the FTX crisis, with Bitcoin prices dropping more than 15% before rebounding. According to JPMorgan analysts, the recovery was largely supported by institutional investors, who showed little risk reduction in Bitcoin futures despite the widespread market turmoil.JPMorgan’s futures position indicator, which tracks cumulative open interest in CME bitcoin futures contracts and the positive slope of the futures curve, suggests a bullish outlook among these investors, JPMorgan analysts led by Managing Director Nikolaos Panigirtzoglou wrote in a report published Wednesday. They said the higher bitcoin futures price premium over spot is…