Sam Bankman-Fried's Legal Battles Rage On
Sam Bankman-Fried was convicted on all charges in the Department of Justice's fraud case against the ex-FTX chief, but his legal woes are far from over. He is also under pressure from the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), which have slammed him with accusations of both securities and digital commodities fraud. Additionally, Bankman-Fried is grappling with a class action lawsuit alongside a list of celebrity FTX endorsers.
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Coinbase Website Blocked in Kazakhstan
Regional reports from Kazakhstan indicate that Coinbase, one of the largest crypto exchanges globally, has been blocked as it reportedly "violates paragraph 5 of Article 11 of the Digital Assets Law of the Republic of Kazakhstan." Essentially, the clause is a policy on the issuance and sale of unregistered crypto securities, according to Kazakhstan's Ministry of Culture and Information.
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2 Vintage 2010 Bitcoin Wallets Valued at $3.4 Million Awakened
Bitcoin has surged over 24% against the U.S. dollar this month, and on November 7, 2023, an intriguing event took place: two dormant bitcoin addresses from 2010 were activated and transferred roughly 100 BTC, valued at $3.4 million according to the current bitcoin exchange rates. While 100 BTC may not be a staggering amount, these two transactions represent the 11th instance of dormant bitcoin wallets from 2010 reawakening in 2023, marking a significant decrease in frequency compared to past years.
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