Bahamian attorneys pursue access to FTX data of international customers

The Bahamian attorneys filed an emergency motion with a Delaware bankruptcy judge requesting access to FTX’s customer database to aid their ongoing investigations. Authorities across the globe are fighting against time to bring justice to the millions of people impacted by the financial frauds committed by FTX CEO Sam Bankman-Fried. As part of the ongoing investigations, attorneys representing the Securities Commission of the Bahamas seek access to FTX’s database with international customer information. The Bahamian attorneys filed an emergency motion with a Delaware bankruptcy judge requesting access to FTX’s customer database to aid their ongoing investigations. The motion highlighted previous failed attempts to access the defunct crypto exchange’s database. As a result, the lawyers claimed that FTX employees and counsel prevented authorities from getting critical financial information. The database in question is reportedly stored on Amazon Web Services (AWS) and Google Cloud P

SBF Dubs Potential FTX Relaunch a "Productive Path Forward"

FTX founder and CEO Sam Bankman-Fried has not lost hope in the troubled firm’s chances of resurgence. The troubled founder revealed in his reply to a recent tweet that he thinks reopening the exchange could set the platform back on track. Also today, SBF continued its well-documented spat with Binance founder Changpeng Zhao. Neuner Shares Plans to Restore FTX, Bankman Fried Agrees It began on Friday morning when CNBC crypto trader Ran Neuner shared a potential course of action for FTX. Neuner’s suggestions included the issuance of a new FTT token and its subsequent distribution to creditors and depositors. He also called for 100% of the profits to be directed to token holders. Neuner encouraged:  Fire up the FTX exchange! It will be the biggest exchange in the world and users will be made more than whole.” In another post shortly after, Neuner reaffirmed his faith in his ideas. If @cz_binance and or @benbybit are willing to back me and guide me, I’m happy to champion this.

US regulator seeks feedback on DeFi’s impact on financial crime: Finance Redefined

US regulators want to know from the industry on what they think about the financial crimes associated with DeFi. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The United States regulators want to take a closer look at money laundering and terror financing laws by the Financial Crimes Enforcement Network (FinCEN), as it asked banking sector players for feedback on DeFi’s crime risks. Ethereum developers are targeting the last week of March for Ethereum’s Shanghai hard fork and some additional improvement upgrades by June of next year. Ankr protocol has deployed $15 million to buy back the bad debt resulting from its recent exploit and the resultant circulation of HAY (HAY). Chainlink deploys staking to increase the security of oracle services. Stakers will earn Chainlink (LINK) tokens as they participate in a decentralized alerting system that flags the n

Lucky Block Crypto Casino Offers World Cup Betting – $1 Minimum Deposit, 15% Cashback Explained

Crypto-based bookie Lucky Block offers World Cup betting. Source: Lucky Block Punters are flocking to a brand-new cryptocurrency-based betting site called Lucky Block. Lucky Block, which alongside offering betting across all major sports and competitions also has a full-feature online Casino, was launched in late November. Lucky Block charges no fees on deposits or withdrawals (although blockchain network fees apply) and already supports deposits and betting in nine cryptocurrencies, including bitcoin, ethereum, USDT, Litecoin and Dogecoin. For non-crypto native users, Lucky Block allows users to buy cryptocurrency using their credit or debit card on the platform, and plans to integrate Apple and Google Pay in the future. The minimum deposit amount is just $1.0. With the World Cup in full swing, Lucky Block has a few incredible offers on for new customers. Users who deposit and wager any amount are eligible for the $10,000 LBLOCK (Lucky Block’s native token) airdrop

FTX: FTT Spikes 32% after Revival Plan gets SBF's Support

The FTX collapse left many in a state of shock. Although some could see the impending doom, many were caught off guard, thereby losing large sums of money. However, FTX ’s native token, FTT , surged today after a revival plan found support from Sam Bankman-Fried (SBF), founder of the failed exchange. Ran Neuner, a CNBC crypto trader and founder of Crypto Banter, took to Twitter and asked for the exchange to be fired up once again. He recommended issuing a new FTT token and distributing them to creditors and depositors. Moreover, 100% of the profits should be given to the token holders. Neuner added that, if accepted, the move would make FTX the biggest exchange in the world, “and users will be made more than whole.” Fire up the FTX exchange. Issue a new FTT token. Distribute the token to creditors/depositors. Accrue 100% of profits to token holders. It will be the biggest exchange in the world and users will be made more than whole. — Ran Neuner (@cryptomanran) December

NFTs could help solve diamond certification fraud

Non-fungible tokens are being used to serve as digital GIA diamond certificates to ensure immutability, transparency and proof-of-ownership. Diamonds may be a girl’s best friend, but unfortunately, the billion-dollar diamond industry is rife with scandal and fraud. There have been a number of cases where lab-grown diamonds have been graded as natural diamonds. An example of this was seen last year when the International Gemological Institute analyzed and graded a 6.18ct lab-grown diamond, which was previously claimed to be a natural diamond on its Gemological Institute of America (GIA) report.  It was also reported in 2005 that the Gemological Institute of America — which is one of the most trusted sources for evaluating gemstone quality — was accepting bribes to upgrade its GIA reports. According to sources, a lawsuit was filed against GIA in 2005 due to payments being accepted to “upgrade” the quality of diamonds submitted for grading. In addition, consumers are able to resubmit a

Terra Luna Classic Price Prediction – Can LUNC Hit $10 in the Next Bull Market?

Source: TradingView The Terra Luna Classic price has dropped by 0.5% in the past 24 hours, with its current level of $0.00017176 representing a 2% increase in the past week and a 6% jump in the past fortnight. However, with its community still debating future improvements, and with the FTX collapse still weighing down sentiment, LUNC has dropped by 10% in the last 30 days. Assuming that the Terra Luna Classic community, its developers and validators can agree on a strategy for restoring LUNC to something like its former value, there's every chance that the altcoin could enjoy a strong run during the next bull market. On the other hand, division and disagreement may mean that it continues to stutter between recovery and further losses for some time to come. Terra Luna Classic Price Prediction – Can LUNC Hit $10 in the Next Bull Market? LUNC's indicators signal a coin that has been on a decline for the past few weeks, with its 30-day moving average (red) still