Lawyers for the disgraced exchange executive filed pre-trial motions in early May to dismiss most of the charges on technicalities or procedural issues.
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Worldcoin Rejects Buenos Aires’ Claims Regarding Abusive User Contract Clauses
Worldcoin, the digital biometric identification project, has rejected the claims made by Buenos Aires regarding possible infringements of customer protection laws. The organization told local sources that it answered Buenos Aires’ requirements since January to show the transparency it exercises in its operations. Worldcoin might face a deeper investigation if a local proposal gets approved.
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Bitcoin Depot’s Revenues Unaffected by Cryptocurrency Volatility, Maintains Growth Despite Market Fluctuations
Despite the high volatility of cryptocurrency prices, major industry players such as Bitcoin Depot, a leading Bitcoin ATM operator, report little impact on their business performance. In its latest 10-K annual report filed on April 15, Bitcoin Depot disclosed that its revenues show no historical correlation with Bitcoin’s fluctuating prices. The company reported revenues of $689 million in 2023 and $647 million in 2022, which did not fluctuate in tandem with Bitcoin’s price movements. Throughout 2023, while Bitcoin’s value surged by 155%, Bitcoin Depot’s revenue grew by only 6%. This indicates a disconnect between the company’s financial performance and the
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XRP Holder’s Attorney Represents Thousands of Coinbase Customers in SEC Battle
The post XRP Holder’s Attorney Represents Thousands of Coinbase Customers in SEC Battle appeared first on Coinpedia Fintech News Ripple’s XRP Holder’s Attorney to Represent Over 4,700 Coinbase Customers in SEC vs. Coinbase Case A few hours later after Eleanor Terret’s interview with the Securities and Exchange Commission (SEC) and Coinbase, the Fox Business journalist XRP holders’ attorney John E Deaton sought permission to represent a sizable group of Coinbase customers. XRP holders’ attorney …
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BDAG’s Moon Keynote Outshine Galaxy Fox Upcoming Listing
BlockDAG’s Presale Skyrockets to $18.5M, Overshadowing Galaxy Fox Upcoming Listing In the vibrant world of cryptocurrencies, BlockDAG is rapidly emerging as the center of attraction. It overshadows the anticipated Galaxy Fox upcoming listing with its innovative projects and substantial investor returns with an $18.5 million presale. This piece explores why
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One Project Man? Ripple CTO Clarifies Where His Loyalty Lays
Ripple’s Chief Technology Officer (CTO), David Schwartz, has been addressing some misconceptions and speculations about him. This week, the CTO was questioned about his wealth and billionaire status over NBA game seats. Now, the crypto community wonders about Schwartz’s relevancy at Ripple and whether he is loyal to his employer or the technology he has
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Polkadot Unveils Major Upgrade Plan: Relay Chain Replacement And 10M DOT Prize Incentive
Gavin Wood, the founder of the Polkadot protocol, has unveiled a new Gray Paper outlining the forthcoming Join-Accumulate Machine (JAM) upgrade for the network. This announcement occurred during Wood’s presentation on Polkadot’s future at the Token2049 crypto conference in Dubai. Wood introduced the JAM Implementer’s Prize, a 10 Million DOT prize pool, to encourage diverse development of the JAM protocol. Polkadot Unveils JAM Upgrade According to the announcement, the JAM upgrade aims to replace the relay chain, which acts as the central data chain in the Polkadot network, with a “more modular and minimalist design” that will allow Polkadot to run generic services and increase network stability. Related Reading: Ripple CEO Walks Back $5 Trillion Crypto Marker Prediction, Unveils New Target The parachains service within JAM will support existing Substrate-based parachains, enabling developers to continue using Substrate to develop and deploy their blockchains. Notably, these services will have no predefined limits on code, data, or state capacity and can accommodate additional DOT deposits for increased capacity. JAM’s design includes several technical improvements. It replaces WebAssembly with the Polkadot Virtual Machine based on the RISC-V ISA, an open-source instruction set architecture (ISA) used to develop custom processors. It also introduces SAFROLE, a SNARK-based block production algorithm. These upgrades are reportedly designed to optimize performance and scalability within the Polkadot network. On The Path To Decentralization? To realize the vision of “a truly decentralized protocol,” Polkadot aims to support multiple client implementations. Furthermore, the JAM Implementer’s prize has been established to incentivize and fund projects contributing to the development of JAM implementations. The announcement further reads on the matter: We believe that supporting a range of implementations in various programming languages will strengthen the ecosystem’s foundation. It distributes the power of protocol implementers more widely and reduces the risk of a bug in one implementation taking down the entire network. The JAM Implementer’s Prize will collaborate with existing and future funding initiatives that support Polkadot’s ecosystem and technology stack. These initiatives include Decentralized Futures, Grants, and Polkadot’s on-chain treasury. The prize will be activated when JAM is ratified as a Polkadot technology through the network’s on-chain governance mechanism. Related Reading: Railgun Among Crypto Market Top Gainers: Why Is RAIL 53% Up? Overall, Gavin Wood’s introduction of the JAM upgrade and the associated 10 Million DOT prize reflects Polkadot’s intention to increase the protocol’s use and adoption. JAM’s modular design and incentives for multi-client implementations are also expected to contribute to ongoing efforts to decentralize the Polkadot network. As JAM development continues, the Polkadot ecosystem welcomes proposals from teams interested in implementing it in various programming environments. Despite the recent announcement, the network’s native token, DOT, has been unable to break the downtrend witnessed over the past month. Currently trading at $6.75, it reflects a significant 24% decline in price over the last 30 days. Featured image from Shutterstock, chart from TradingView.com
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