<img alt="" class="attachment-full size-full wp-post-image" height="900" src="https://statics.ambcrypto.com/wp-content/uploads/2023/09/ambcrypto_Polkadot_DOT__1200x900.png" style="float: left; margin: 0 15px 15px 0;" width="1200" />Polkadot bulls could take advantage of easing selling pressure at key support to rally. Is a bullish rebound on the cards?

Polkadot [DOT]: Can bulls rally from this critical support level?

During a court hearing held on Thursday, September 28, 2023, the Court ruled that the former CEO of now-bankrupt crypto exchange FTX Sam Bankman-Fried aka SBF will remain in jail throughout his trial. Sam Bankman-Fried To Remain In Jail Throughout His Trial At the brief court hearing on Thursday at the Manhattan federal court, Bankman-Fried’s lawyers requested that the court should temporarily release their client so he could be able to prepare his defense against the charges raised against him. However, the judge overseeing the case Judge Lewis A. Kaplan has denied the request as he believes the Defendant is a flight risk. Related Reading: Important Events That Could Have A Massive Impact On XRP Price “The closer we get to trial, the more I’m wondering about that. Your client in the event of conviction could be looking at a very long sentence. If things begin to look bleak … maybe the time would come when he would seek to flee.” Judge Kaplan stated in the court hearing in Manhattan federal court. Bankman-Fried’s lead lawyer Mark Cohen then argued that there was no reason for his client to try and flee. Cohen told Judge Kaplan that his request was made due to him being unable to meaningfully confer with his client Bankman-Fried as long as he is jailed at the Metropolitan Detention Center in Brooklyn. In response, Assistant US Attorney Danielle Kudla told Judge Kaplan that Sam Bankman-Fried already had enough time to prepare for his trial. Kudla pointed out that Bankman-Fried had more than seven months to review his evidence and better prepare for his trial from the comfort of his parent’s home in Palo Alto, California since his freedom was not revoked until July 2023. Sam Bankman-Fried was extradited to the United States from the Bahamas in December last year and he was placed on house arrest in his parent’s home in Palo Alto, California where he had limited access to electronic devices until he was jailed on August 11, 2023, by Judge Kaplan. Sam Bankman-Fried was denied a $250 million bond by Judge Kaplan after the judge discovered that Bankman-Fried tried to tamper with and influence potential witnesses testifying against him. However, Judge Lewis A. Kaplan pondered on what Cohen had said and he stated that the court would arrange for Cohen and other lawyers to meet with Bankman-Fried most of the trial days at 7:00 AM at the court to speak with Bankman-Fried hours before the testimony begins. Bankman-Fried’s trial is set to begin on Tuesday, October 3, 2023, and it is expected to last more than 6 weeks. His lawyers already lost two other bail appeals before now. This marks the third time that the Defendant’s request to be released during his trial will be rejected by the court.  Prosecutors Bring Several Allegations Against FTX Founder CEO Sam Bankman-Fried has pleaded not guilty to several allegations brought against him following the collapse of crypto exchange FTX back in November 2022. Prosecutors accused Bankman-Fried of allegedly deceiving customers and investors to enrich himself and other executives while playing a major role in FTX’s multibillion-dollar collapse in November last year. Related Reading: $9 Trillion BlackRock Sees Bitcoin Spot ETF Approval Delayed, What This Means It was believed that Bankman-Fried stole billions of dollars in FTX customer deposits to resolve Alameda Research debts – a crypto hedge fund governed by him, live lavishly in the Caribbean, and fund political campaigns. Former Chief Executive Officer of Bankman-Fried’s Alameda Research hedge fund Caroline Ellison already pleaded guilty to fraud. She is expected to testify against Bankman-Fried in the upcoming trial. FTT price falls following court's rejection | Source: FTTUSDT on Tradingview.com Featured image from Yahoo Finance, chart from Tradingview.com

Court Rules Sam Bankman-Fried Will Remain In Jail Through Trial, Here’s Why

While Cardano was once deemed the ETH-killer, its latest efforts seem to be not working in favor of the chain. However, ADA's development activity over the last six months highlights the blockchain's efforts.

Is ADA a strong bet in Q4 2023? These developments suggest that…

In a surprising turn of events, the burn rate of the meme-inspired cryptocurrency Shiba Inu ($SHIB) has skyrocketed by an astonishing 940% within 24 hours. This surge in the burn […]
The post $SHIB Burn Rate Skyrockets by 940% as Shibarium Transactions Keep Rising appeared first on BitcoinWorld.

$SHIB Burn Rate Skyrockets by 940% as Shibarium Transactions Keep Rising


                    
                    The losses on US Treasuries recently surpassed $1.5 trillion and the likely outcome is turbulent markets, but how will Bitcoin price fare? 
                    The U.S. economy has been facing turbulent times lately, with the U.S. personal consumption expenditure (PCE) inflation index rising by a significant 3.5% over the past 12 months. Even when excluding the volatile food and energy sectors, it's evident that the efforts made by the U.S. Federal Reserve to curb inflation have fallen short of their 2% target rate.U.S. Treasuries have lost a staggering $1.5 trillion in value, primarily due to these rate hikes. This has led investors to question whether Bitcoin (BTC) and risk-on assets, including the stock market, will succumb to heightened interest rates and a monetary policy aimed at cooling economic growth. Theoretical losses of U.S. Treasury holders, USD. Source: @JoeConsortiAs the U.S. Treasury keeps flooding the market with debt, there's a real risk that rates could climb even higher, exacerbating the losses to fixed-income investors. An additional $8 trillion in government debt is expected to mature in the next 12 months, further contributing to financial instability.As Daniel Porto, the head of Deaglo London, pointed out in remarks to Reuters:"(The Fed) is going to play a game where inflation is going to lead, but the real question is can we sustain this course without doing a lot of damage?" Porto's comments resonate with a growing concern in financial circles—a fear that the central bank might tighten its policies to the point where it causes severe disruptions in the financial system.High interest rates eventually have devastating consequencesOne of the primary drivers behind the recent turmoil in financial markets is the rise in interest rates. As rates increase, the prices of existing bonds fall, a phenomenon known as interest rate risk or duration. This risk isn't limited to specific groups; it affects countries, banks, companies, individuals and anyone holding fixed-income instruments.The Dow Jones Industrial Index has experienced a 6.6% drop in September alone. Additionally, the yield on the U.S. 10-year bonds climbed to 4.7% on Sept. 28, marking its highest level since August 2007. This surge in yields demonstrates that investors are becoming increasingly hesitant to take the risk of holding long-term bonds, even those issued by the government itself.Banks, which typically borrow short-term instruments and lend for the long-term, are especially vulnerable in this environment. They rely on deposits and often hold Treasuries as reserve assets. When Treasuries lose value, banks may find themselves short of the necessary funds to meet withdrawal requests. This compels them to sell U.S. Treasuries and other assets, pushing them dangerously close to insolvency and requiring rescue by institutions like the FDIC or larger banks. The collapse of Silicon Valley Bank (SVB), First Republic Bank, and Signature Bank serves as a warning of the financial system instability.Federal Reserve shadow intervention could near exhaustion While emergency mechanisms such as the Federal Reserve's BTFP emergency loan program can provide some relief by allowing banks to post impaired Treasuries as collateral, these measures do not make the losses magically disappear. Banks are increasingly offloading their holdings to private credit and hedge funds, flooding these sectors with rate-sensitive assets. This trend is poised to worsen if the debt ceiling is increased to avoid a government shutdown, further raising yields and amplifying losses in the fixed-income markets.As long as interest rates remain high, the risk of financial instability grows, prompting the Federal Reserve to support the financial system using emergency credit lines. That is highly beneficial for scarce assets like Bitcoin, given the increasing inflation and the worsening profile of the Federal Reserve's balance sheet as measured by the $1.5 trillion paper losses in U.S Treasuries.Timing this event is almost impossible, let alone what would happen if larger banks consolidate the financial system or if the Federal Reserve effectively guarantees liquidity for troubled financial institutions. Still, there’s hardly a scenario where one would be pessimistic with Bitcoin under those circumstances. This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.


Bitcoin’s inflation-hedge theory tested as rising interest rates bring turbulence to markets

Su Zhu, a founding member of the now-insolvent Three Arrows Capital, was apprehended in Singapore at Changi Airport on Friday, as per the firm’s liquidator, Teneo. Zhu received a four-month prison sentence for failing to cooperate in the bankruptcy proceedings, Teneo revealed. Crackdown at Changi Airport: 3AC’s Su Zhu Detained, Associate Kyle Davies Fugitive Teneo, […]

Former Three Arrows Capital Executive Su Zhu Arrested in Singapore

Argentina’s capital city is teaming up with Self-Sovereign Digital Identity (SSI) protocol QuarkID to launch a digital identification service that uses the layer-2 blockchain zkSync Era. According to a press release, Buenos Aires will roll out the blockchain-based identification initiative for its 15 million residents in October. Citizens living in the city can download the […]
The post South American City of 15,000,000 To Launch Blockchain-Based Digital Identification Services appeared first on The Daily Hodl.

South American City of 15,000,000 To Launch Blockchain-Based Digital Identification Services

#cryptocurrency #digitalfinance #finance #bitcoin #cryptopodcast #sbf

Sam Bankman-Fried will head to court on Oct. 3, facing charges related to fraud and conspiracy. The FTX founder has pleaded not guilty and awaits his trial in jail. "CoinDesk Daily" host Jennifer Sanasie breaks down what former colleagues are set to testify against the 31-year-old who was once known as crypto's white knight.

Subscribe to CoinDesk on YouTube: https://www.youtube.com/user/CoinDesk?sub_confirmation=1

The SBF Trial: Names You Should Know

Lego says that it cannot make bricks from recycled material. They tried and they simply cannot do it without increasing carbon emissions. That’s a refreshing admission. Most companies take on “green initiatives” anyway, even if they prove to make the problem worse. In a similar vein, the CEO of Lufthansa admitted that“going green” would require the airline to use up HALF of Germany’s electricity. So not green at all then. Meanwhile, Ford says that it will pause construction of a $3.5 billion plant to build EV batteries in Michigan. They aren’t saying why. It just goes to show: It ain't easy being green. 

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About Clayton and Natali Morris:
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Some of the links in this description and in our videos may be affiliate links, and pay us a small commission if you use them. We really appreciate the support.

The content in our Youtube videos SHALL NOT be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other & may be outdated or inaccurate; it is your responsibility to verify all information. We are not financial advisers. We only express our opinions based on our experiences. Your experience may be different. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. You must conduct your own research. There is NO guarantee of gains or losses on investments.

These videos are for entertainment purposes ONLY. IF stocks or companies are mentioned, we MAY have an ownership interest in them -- DO NOT make buying or selling decisions based on these videos. If you need advice, please contact a qualified CPA, attorney, insurance agent, contractor/electrician/engineer/etc., financial advisor, or the appropriate professional for the subject you would like help with. Linked items may create a financial benefit for our company.

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Lego just hit a climate BRICK wall | Redacted with Natali and Clayton Morris

Epic Games refused to pay two Fortnite Champions because they were Russian. The two champions were told that their $200,000 cash prize money would be withheld because they are from a “Prize Restricted Region.” But they don’t live in Russia. They live in Belarus, which is not a “Prize Restricted Region” and one of them holds a bank account in Kazakhstan, which is not one either.  The rationale is that Russian people must be punished because their country “invaded” Ukraine. By that logic, all Americans should be punished for their country’s current illegal occupation of Syria. Or past invasion of Iraq, Syria, Libya, Afghanistan, Somalia… You pick. That would mean seizing Jeff Bezos’ yachts, Bill Gates' farmland and the Four Seasons. Wait, did we know that Bill Gates owns the Four Seasons? Well he does. And he gets to keep it because he's not Russian. 

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-----
About Clayton and Natali Morris:
Clayton Morris is a former Fox News anchor. In Redacted, Clayton and his wife Natali take an in-depth look at the legal, social, financial, and personal issues that matter to you. They want to set the record straight and bring you the stories nobody else tells. Along with the facts and the complete picture, Redacted offers real-world analysis without an agency driven by corporate overloads. With Clayton’s extensive journalism experience, he isn’t afraid to demand the truth from authorities. Redacted is an independent platform, unencumbered by external factors or restrictive policies, on which Clayton and Natali Morris bring you quality information, balanced reporting, constructive debate, and thoughtful narratives. 

DISCLAIMER:

Some of the links in this description and in our videos may be affiliate links, and pay us a small commission if you use them. We really appreciate the support.

The content in our Youtube videos SHALL NOT be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other & may be outdated or inaccurate; it is your responsibility to verify all information. We are not financial advisers. We only express our opinions based on our experiences. Your experience may be different. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. You must conduct your own research. There is NO guarantee of gains or losses on investments.

These videos are for entertainment purposes ONLY. IF stocks or companies are mentioned, we MAY have an ownership interest in them -- DO NOT make buying or selling decisions based on these videos. If you need advice, please contact a qualified CPA, attorney, insurance agent, contractor/electrician/engineer/etc., financial advisor, or the appropriate professional for the subject you would like help with. Linked items may create a financial benefit for our company.

Follow Clayton on Twitter: 
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Why are Jeff Bezos and Bill Gates Getting Away With This? | Redacted with Natali and Clayton Morris

The Army War College thinks war with Russia or China could cause 3,600 casualties per day so they're considering a draft. Raise your hand if you want to die to go to war with China!? Anyone? Anyone? They say that this must be done in order to combat Vietnam syndrome. Will they ever learn? 

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👕 REDACTED MERCH 👕
Go grab some Redacted Merch from our store. Go to https://RedactedStore.com and pick some up. When you get it, send photos of you wearing it to photos@redacted.inc. Can't wait to see you in it! 

💥 Follow us on RUMBLE: 
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📚 Read Clayton and Natali's Amazon best-selling book on finance. How To Pay Off Your Mortgage in 5 Years 👉🏻 https://amzn.to/3Guh4IC

✅ 💥 Best Way to Invest in Gold is with Lear Capital ⚡️
👉 Call them today at tel:800-613-3557
👉 or go to https://LearRedacted.com
⭐️ Get your FREE Gold and Silver investor guides from Lear Capital
⭐️Receive up to $15,000 in FREE bonus metals with a qualified purchase 

🚀 Limited Time: Get up to 16 Free stocks with moomoo! Open a free account and claim your free stocks after you make your initial deposits. Click here to learn more ➡ https://redacted.inc/moomoo 🚀 

🇦🇺 (Australians get 10 Free Stocks when deposit A$2K) T&C Applys: https://redacted.inc/moomoo 🚀

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Become a YouTube Channel Member today. This is TOTALLY different than the community over on Locals. Head to this link to join:
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#redacted #claytonmorris #natalimorris #news #independentjournalists
-----
About Clayton and Natali Morris:
Clayton Morris is a former Fox News anchor. In Redacted, Clayton and his wife Natali take an in-depth look at the legal, social, financial, and personal issues that matter to you. They want to set the record straight and bring you the stories nobody else tells. Along with the facts and the complete picture, Redacted offers real-world analysis without an agency driven by corporate overloads. With Clayton’s extensive journalism experience, he isn’t afraid to demand the truth from authorities. Redacted is an independent platform, unencumbered by external factors or restrictive policies, on which Clayton and Natali Morris bring you quality information, balanced reporting, constructive debate, and thoughtful narratives. 

DISCLAIMER:

Some of the links in this description and in our videos may be affiliate links, and pay us a small commission if you use them. We really appreciate the support.

The content in our Youtube videos SHALL NOT be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other & may be outdated or inaccurate; it is your responsibility to verify all information. We are not financial advisers. We only express our opinions based on our experiences. Your experience may be different. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. You must conduct your own research. There is NO guarantee of gains or losses on investments.

These videos are for entertainment purposes ONLY. IF stocks or companies are mentioned, we MAY have an ownership interest in them -- DO NOT make buying or selling decisions based on these videos. If you need advice, please contact a qualified CPA, attorney, insurance agent, contractor/electrician/engineer/etc., financial advisor, or the appropriate professional for the subject you would like help with. Linked items may create a financial benefit for our company.

Follow Clayton on Twitter: 
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Get Ready! Biden set to bring back the DRAFT? | Redacted News

People can be liabilities, too. #liabilities #assets  #richdad

In this enlightening video, Madex opens up about the significance of starting your journey into the world of Bitcoin. He emphasizes that nobody becomes an expert overnight and that every newcomer should be given the space and resources to learn and improve their security practices. If you've been hesitating to dive into Bitcoin because it seems too complex, this discussion with Madex is the nudge you need to take that first step and understand why it's crucial for your financial security.

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Bitrefill is the easiest way to shop and live on Bitcoin! Grab virtually any gift card with BTC on-chain or via lightning network! 
https://www.bitrefill.com/buy/?code=O04UMic9

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