Terraform Labs has urged the judge to grant its motion to compel trading data from Citadel Securities, which it says had a hand in the collapse of USTC in May 2022.
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Access real-time blockchain and cryptocurrency news updates from around the globe.
US senators draft NO FAKES bill to ban unauthorized AI copycats
The proposed act came just hours after talks broke down between actors and Hollywood studios, with AI replicas a major friction point in negotiations.
DOJ charges exec over ‘cherry picking’ scheme involving crypto futures
The former CEO of Systematic Alpha Management faces up to five years in prison for his role in a fraudulent scheme tied to crypto futures contracts.
BitVM’s goal is to scale Bitcoin, not be a pseudo-Ethereum, says dev
One of the developers working on “BitVM” — a Bitcoin-based virtual machine — reiterates the tech is intended to scale Bitcoin rather than launching Ethereum-like decentralized finance applications on the network.
BitVM’s whitepaper was released by ZeroSync’s project lead Robin Linus on Oct. 10 with technical support provided by pseudonymous developer “Super Testnet” — implementing BitVM’s first proof-of-concept and working on expanding BitVM’s capabilities.
Upon its release, some industry pundits formed the impression that BitVM would bring DeFi to Bitcoin like what the Ethereum Virtual Machine (EVM) did for Ethereum.
However, Super Testnet tells Cointelegraph that BitVM is scaling-focused rather than being about implementing smart contracts and an avalanche of altcoins:
“The real killer app is scaling Bitcoin. [Robin Linus isn’t] a big fan of smart contracts. He's not a big fan of increasing Bitcoin's expressivity. He really is interested in making it so that Bitcoin can process millions of transactions per second.”
BitVM’s goal is to scale Bitcoin, not be a pseudo-Ethereum, says dev
Building a decentralized exchange on Bitcoin would be a “step backward,” for example, said Bitcoin developer Super Testnet.
House committee chairman threatens SEC chair with subpoena, but not over crypto
U.S. House Oversight and Accountability Committee chair James Comer thinks Genlser is stonewalling him. Crypto supporters know the feeling.
Trader Joe’s grocery store files trademark lawsuit against Trader Joe DEX
Among the claims included allegations of federal trademark infringement and dilution, with Trader Joe allegedly capitalizing on the store's "name, goodwill, and brand recognition".
Changpeng Zhao's tweet 'contributed' to collapse of FTX, claims Caroline Ellison
The former Alameda Research CEO placed part of the blame for FTX's failure on CZ, while the Binance CEO claimed Ellison's offer to buy the firm's FTT holdings was the cause.
Uniswap launches Android wallet beta for Google Play
Uniswap launched a beta version of its wallet app for Android, paving the way for a Google Play Store launch once testing is complete.
Stars Arena recovers 90% of exploited funds after onchain negotiations
Stars Arena negotiated with the attacker over the course of four days, eventually recovering 90% of funds in exchange for an agreement not to prosecute.
Stars Arena recovers 90% of exploited funds after onchain negotiations
Stars Arena negotiated with the attacker over the course of four days, eventually recovering 90% of funds in exchange for an agreement not to prosecute.
Uptober might be over: Bitcoin price data shows investor sentiment at 3-month low
Bitcoin price has corrected at each attempt to rally above $28,000. Cointelegraph explains why.
China opens industrial park for digital yuan CBDC development in Shenzhen
The government is incentivizing new residents to come develop payment solutions, smart contracts, hard wallets and promotions for the digital yuan.
CFTC announces lawsuit against Voyager Digital and former CEO
The legal action followed reports staff at the commission had completed an investigation concluding Stephen Ehrlich violated U.S. derivatives regulations.
Trader swaps 131k stablecoins for $0 during USDR depeg
An attempt to withdraw USDR stablecoins amid a liquidity crunch appears to have gone horribly wrong.
Did SBF really use FTX traders' Bitcoin to keep BTC price under $20K?
Bitcoin sales by FTX come to light as part of the SBF trial, as one prediction suggests that they stopped the BTC price from hitting $100,000.
Mastercard announces successful wrapped CBDC trial results
The experiment demonstrated that CBDCs could be wrapped to purchase NFTs on blockchains such as Ethereum.
FTX hacker moves $120M amid Sam Bankman-Fried trial: Report
Blockchain analytics firm Elliptic didn’t rule out the possibility of the $477 million hack being an FTX inside job.
FTX hacker moves $120M amid Sam Bankman-Fried trial: Report
Blockchain analytics firm Elliptic didn’t rule out the possibility of the $477 million hack being an FTX inside job.
Elon Musk streams, Amazon partners with Immutable, MetalCore preview: Web3 Gamer
X’s new gaming feature, exclusive Q&A with Cronos Labs’ Ella Qiang, Immutable’s cloud titan partner.