Court and court, law and lawsuits and 20 Crypto jokes
This week in crypto: JPMorgan predicts a 20% drop in Bitcoin's hashrate after the next halving, some argue there is a connection between crypto, bitcoin and stocks, and Jim Cramer comments on a sharp drop for Bitcoin. The fall of bitcoin is expected. After the FTX crash, Binance's $1 billion industry recovery fund underperformed, and Coinbase's trading volume fell 52% to $76 billion, marking its lowest quarter since its public listing. On the other hand, the movie ‘The Silent Maid', which was financed by the sale of NFTs, got a worldwide sales deal.
In the legal event of the crypto century, the trial of Sam Bankman-Fried began with surprising revelations, Bankman-Fried wrote a draft Twitter thread to announce the possible closure of Alameda Research two months before the collapse of FTX, Caroline Ellison included the connection of Alameda Research. According to international government officials and a former engineer, Alameda Research lost $200 million to several phishing attacks due to “poor security practices.” Meanwhile, Coinbase director Alameda Research said that more than $39.55 billion in USDT will be available throughout 2021.
Meanwhile, a Brazilian congressional committee proposed the indictment of four top executives of Binance, including CZ, a US federal judge ordered mediation over a $284 million payment dispute for BlockFi and Three Arrows Capital, and Trader Joe's Supermarket filed a federal lawsuit against Trader Joe's DEX. Trademark Infringement, and Ethereum DeFi Protocol Barnbridge Raises Token Holder Voice as it Faces SEC Action and Penalties Since then, Coinbase, Revolut and Binance have updated their apps to comply with the new UK FCA guidelines, the FCA has sanctioned Binance's UK partner RebuildingSociety.com for financial promotions, and added 143 crypto exchanges to its warning list. In Cyprus, authorities have said they will impose heavy fines on unregistered crypto asset service providers.
While that was happening, Circle announced plans to make USDC live on the Polygon network, Bitstamp was in talks with three major European banks about offering crypto services, and JPMorgan Chase made its first blockchain-based securities deal with BlackRock and Barclays, a consortium. Japanese companies set to launch yen-based digital currency by July 2024, Russia's central bank argues digital ruble could allow citizens to pay abroad without using SWIFT, Nigeria's central bank threatens digital currency e-naira
Meanwhile, crypto stolen from a businessman in India was found in accounts linked to Hamas, and Hamas received $41 million in crypto for spearheading attacks on Israel. Hong Kong police issued an alert after 11 Binance users in the region fell victim to a phishing scam, Platypus Finance suffered a security breach that cost more than $2 million, and crypto exchange HTX recovered $8 million lost by a hacker in a recent security breach. breach, and Avalanche-based Star Arena received 90% of the hacked funds and gave 10% as a bonus.
Joke time!
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GM, Cryptoverse!
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How was your week everyone?
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Let's check the markets.
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Oh, how times have changed.
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“And another!”
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How dare you own things and be happy? what's wrong with you?
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We reached out to ETH holders for feedback.
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Yes, and discuss.
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But are they?
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There was zero mercy.
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You too can be like her! Fall 2023 court season.
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If you're not following.
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seems legal.
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Every story has a twist.
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for sure.
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… I can't even …
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Lasting.
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Remember, it's a marathon.
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Some things are unbelievable.
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And a post-audit documentary. Live streaming with found footage.
