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Categories: Cryptocurrencies
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The latest news from the world of cryptocurrencies.
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The latest Messages

2024-03-25 16:34:14
Singapore-Licensed DigiFT Introduces US Treasury Bill Depository Receipt Tokens

DigiFT, a Singapore-based fintech company, has made a foray into the digital asset realm with the launch of the its US Treasury bill depository receipt (DR) tokens. The DR tokens offer investors fractional ownership in the underlying US Treasury bills, enabling investors to gain exposure to the traditionally secure US debt market without the need for substantial upfront capital, the firm said in a Monday press release.

Traditionally, investing in US Treasury bills has required significant financial resources. DigiFT’s DR tokens aim to dismantle this barrier by allowing investors to purchase fractional shares of these bills.

“DigiFT’s innovative DR structure addresses a pain point in the current RWA market, empowering investors with direct ownership of underlying assets and returns,” Henry Zhang, the founder and CEO of DigiFT, said. He further emphasized DigiFT’s commitment to expanding the range of traditional financial assets in the Web3 space through the DR model, which offers enhanced investor protection and transparency.

One key aspect emphasized by DigiFT is compliance with regulations, providing investors with peace of mind, the company said. Traditional asset ownership often involves navigating complex legal and regulatory frameworks.
12.9K views13:34
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2024-03-23 16:34:21
Saudi Investors Barred from FTX’s Anthropic Stake Sale Over National Security Concerns

AI startup Anthropic will not accept investments from Saudi Arabia in the sale process of 8% of its shares as part of FTX’s bankruptcy proceedings. Executives at Anthropic have cited these concerns as the reason for ruling out Saudi Arabian involvement, as reported by CNBC.

The proceeds from the stake sale will be used to repay FTX customers, and the transaction is expected to conclude within the next few weeks, according to insiders who have requested anonymity due to the confidential nature of the negotiations.

Sources reveal that the class B shares, which do not grant voting rights, are being sold based on Anthropic’s most recent valuation of $18.4 billion. In recent years, Anthropic has raised approximately $7 billion from tech giants such as Amazon, Alphabet, and Salesforce.

While founders Dario and Daniela Amodei retain the right to challenge potential investors, they are currently not involved in the fundraising process or discussions regarding FTX’s stake. The Amodei siblings were introduced to Bankman-Fried through the concept of “effective altruism,” which involves maximizing wealth for charitable causes.
15.5K views13:34
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2024-03-21 16:32:50
FTX CEO Slams Attempt to Reduce SBF’s Sentence, Highlights Ongoing Suffering of Victims

John Ray III, the CEO and restructuring officer of FTX, has criticized an attempt made by Sam Bankman-Fried’s lawyers to reduce his sentence, emphasizing that the victims of the fraud “have suffered and continue to suffer.”

On Wednesday, Ray penned a victim impact statement, addressing Judge Lewis Kaplan on behalf of FTX and its “millions of creditor victims.” The purpose was to rectify the “material misstatements and omissions” made in Bankman-Fried’s sentencing submission.

The letter ostensibly came in response to Bankman-Fried’s lawyers arguing on Tuesday that the proposed 40-to-50-year sentence recommended by the U.S. government prosecutors was unduly severe. In the letter, Ray vehemently countered Bankman-Fried’s claims that FTX remained solvent during bankruptcy proceedings and that no money had been lost, labeling them as “categorically, callously, and demonstrably false.”

Ray stressed that the victims of Bankman-Fried’s actions would never be able to regain the economic position they would have been in had they not encountered his colossal fraud. He underscored the extensive efforts made by his team since assuming the role of CEO in November 2022, stating that they had diligently worked to salvage the company from a metaphorical “dumpster fire” and were now poised to return substantial value to creditors.
15.2K views13:32
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2024-03-20 22:33:27
The Most Hyped P2E Game of the Last 72 Hours - Be the First to Know!

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12.7K views19:33
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2024-03-19 16:33:16
FTX Creditors Submit Impact Statements Before Bankman-Fried’s Sentencing, Highlighting Devastating Consequences

The Department of Justice (DOJ) has filed dozens of victim impact statements in the criminal case against Sam Bankman-Fried ahead of his sentencing. In the filings, victims of FTX’s collapse expressed their anguish, claiming that the event robbed them of financial security, inflicted emotional distress, and eroded their trust in the financial system.

The impact statements were provided by FTX creditors from various parts of the world, outlining their FTX holdings and detailing the profound impact of the exchange’s bankruptcy on their lives. One victim lamented their precarious financial situation, revealing that as a restitution claimant, they had experienced a complete loss of income for over a year.

Numerous other respondents shared similar stories, disclosing that they were unemployed due to health issues and heavily relied on the funds they had stored in FTX. Many victims expressed their trust in FTX based on Bankman-Fried’s previous remarks about the exchange or their belief that U.S.-based crypto exchanges were regulated and considered safe.

Some victims expressed dissatisfaction with the restitution process, highlighting that they would only be receiving 100% of the value of their assets as of November 2022, rather than the current value based on prevailing crypto prices.
13.9K views13:33
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2024-03-18 16:02:59
BeFi Labs LBP sale is Live on FjordFoundry!
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12.9K views13:02
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2024-03-17 16:33:01
Unmasking ‘Mr. 100’: The Enigma Behind Bitcoin’s 14th-Largest Holder

A Bitcoin (BTC) whale known as “Mr. 100” has captured the attention of the crypto community in recent days. The enigmatic individual has amassed a staggering 52,996 Bitcoin, worth over $3.5 billion, making them the 14th-largest holder of the digital currency.

On March 15, the whale purchased at least 1,000 Bitcoin, which accounted for 52% of the total 1,907 BTC bought by the top 10 Bitcoin exchange-traded funds (ETFs), sparking speculation about the true identity of Mr. 100. Interestingly, the wallet associated with Mr. 100 has been consistently receiving Bitcoin since November 2022, around the time of the FTX exchange collapse.

What’s more, the wallet has been adding approximately 100 BTC on a daily basis since February 14. Larger Bitcoin transfers from a secondary wallet address have also been observed, with this secondary address accumulating tranches of 100 BTC since 2019.

Some speculate that the whale could be a Hong Kong financial institution pre-seeding for ETFs, the Qatar Investment Authority, other Middle Eastern sovereign wealth funds, a cold wallet associated with the South Korean Upbit exchange, or even an unidentified address belonging to a tech billionaire.
13.5K views13:33
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2024-03-15 16:32:57
Worldcoin Addresses Orb’s Privacy Concerns with Third-Party Audit

Worldcoin has released the results of a third-party audit conducted by Trail of Bits focused on its iris-scanning Orb technology. According to a recent report, Tools for Humanity (TFH) and the Worldcoin Foundation enlisted Trail of Bits to perform a detailed audit of the Orb’s software. This audit went beyond standard security checks to assess specific privacy and functionality aspects of the Orb.

The audit investigated Worldcoin’s Orb devices, focusing on how they handle and secure user data. The findings indicated that the devices do not store personal information, except for iris codes, which are encrypted and uploaded for verification purposes.

During the default opt-out signup process, the Orb is designed to collect only the user’s iris code, avoiding any storage or transfer of personally identifiable information (PII) other than this.

The goal is to ensure no PII is written to the Orb’s persistent storage or uploaded from the device, except for the iris code. For users opting into a more data-inclusive signup flow, any PII saved on the device’s SSD is encrypted asymmetrically, making it inaccessible for decryption by the Orb itself.
13.0K views13:32
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2024-03-13 16:33:29
Wall Street Whales Test Blockchain Waters: Goldman Sachs, BNY Mellon in Pilot

Major Wall Street whales, including Goldman Sachs, BNY Mellon, and Cboe Global Markets, have successfully concluded a large-scale pilot test utilizing blockchain technology on the Canton Network. The series of pilot tests successfully concluded on the Canton Network makes it one of the largest-scale experiments utilizing blockchain technology in capital markets.

Nearly a year after its launch, the Canton Network, a blockchain network spearheaded by leading financial institutions such as Goldman Sachs and BNY Mellon, has undergone a series of tests. The network was launched in May last year, with testing slated for July 2023. It has now commenced its testing phase. At the time of the network’s inception, Microsoft and Deloitte were reported to be participating partners.

According to a report by Bloomberg on March 12, this recent testing phase represents one of the most comprehensive experiments in the financial industry. The firm revealed significant strides in its blockchain interoperability, with 155 participants from 45 prominent organizations showcasing successful settlements across 22 permissioned blockchains linked to its ledger.

The firm outlined the extensive trial period, which lasted four days and included the opportunity to engage with 22 decentralized applications (dApps). Institutional investors participated in over 350 simulated transactions using distributed ledger technology (DLT) in various areas, such as tokenized assets, fund registries, digital cash, repo, securities lending, and margin management.
13.3K views13:33
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2024-03-11 18:04:53
#Bitcoin Price Forecast: Major Pre-Halving Sell-Off Brewing As $BTC Hits $72,000?

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14.7K views15:04
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