In the context of FTX founder SBF being convicted of criminal charges, XRP lawyer John Deaton raised the issue of the founder's father's involvement in improper behavior that led to the collapse of a cryptocurrency exchange in November 2022. Deaton stated that it is well known that FTX founder's father Joseph Bankman is also facing fraud charges. When asked if his parents were involved in the case, Deaton recalled the email investigation results where Joseph Bankman sought higher salaries for his son.
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XRP lawyer files fraud charges against SBF’s father
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A senior Brazilian official: Bitcoin reserves are "crucial" to Brazil's prosperity
according to Decrypt, Pedro Giocondo Guerra, senior advisor to the Vice President of Brazil, stated in a recent speech on behalf of the government: "The strategic reserve of Bitcoin is crucial for the prosperity of the country. Discussions about establishing a BTC reserve may be a key factor in deciding the prosperity of Brazil, in line with the interests of the country and the public." Brazilian congressman Eros Biondini (PL-MG) previously proposed legislation to establish a "strategic sovereign Bitcoin reserve" (RESBit). Holding 5% of foreign exchange reserves (international reserves) in Bitcoin, the Central Bank of Brazil will use advanced monitoring systems, blockchain technology, and artificial intelligence to monitor transactions and be responsible for custody. -
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Web3 data and AI company Validation Cloud completes $15 million Series A funding
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David Sacks: The U.S. government’s premature sale of Bitcoin has cost U.S. taxpayers more than $17 billion
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David Sacks: The U.S. government will not acquire other crypto assets for strategic reserves except for confiscated assets
White House AI and cryptocurrency chief David Sacks posted on social media that President Trump's executive order also established the U.S. Digital Asset Reserve, which includes digital assets other than Bitcoin confiscated in criminal or civil litigation. In addition to assets obtained through confiscation procedures, the government will not acquire other assets for the reserve assets. The purpose of the reserve is to manage government digital assets under the leadership of the Treasury Department. -
Forbes reporter: Trump's executive order will establish two types of digital asset storage mechanisms
Forbes reporter Eleanor Terrett wrote on X platform that Trump's executive order will establish two different digital asset storage mechanisms: Bitcoin Strategic Reserve and Digital Asset Reserve. The Bitcoin Strategic Reserve will contain approximately 200,000 BTC obtained through criminal and civil forfeitures, with the government authorized to explore ways to acquire more bitcoin without increasing the taxpayer burden. The Digital Asset Reserve will include other digital assets such as XRP, ADA, ETH, and SOL, but the government will not actively seek to purchase these assets. The executive order also requires a comprehensive audit of all digital assets held by the government. According to David Sacks, the purpose of the reserves is "responsible management of government digital assets by the U.S. Treasury Department." -
Bloomberg ETF Analyst: XRP ETF may be the next exchange-traded fund product to be launched
Bloomberg ETF analyst James Seyffart forwarded market news on X platform, stating that during the Bitcoin 2024 conference, Discover Crypto CEO Joshua Jake was interviewed and he said that XRP ETF could be the next possible exchange-traded fund product to launch. -
Why is XRP price up today?
Key factors driving XRP's price upward today are hopes of spot XRP exchange-traded funds in the U.S. and increased accumulation by whales.
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