BITCOIN

Attorneys for FTX founder Sam Bankman-Fried say he’s having trouble focusing during his criminal trial because he’s not getting his prescribed dose of Adderall each day. In a letter to the judge Sunday, lawyers said Bankman-Fried has gone without his medication most of the day, leaving him unable to concentrate as the defense prepares to make its case. FTX Founder’s Defense Claims Inadequate Adderall Dosing Hinders Trial Participation; Pleads for Medication Adjustment Sam Bankman-Fried’s attorneys asked the judge to delay Tuesday’s proceedings to resolve the medication issue. If that’s not possible, they requested the court allow them to provide Bankman-Fried his Adderall doses each day. Lawyer Mark Cohen said Bankman-Fried gets one dose of Adderall before 6 a.m. each morning before being brought to court. But that wears off well before proceedings begin at 9:30 a.m., according to the filing. Bankman-Fried doesn’t get another dose until returning to jail between 8 p.m. and 9 p.m....

The U.S. Federal Trade Commission (FTC) has warned consumers that crypto deposits are not insured by the Federal Deposit Insurance Corporation (FDIC). “That money isn’t FDIC insured or protected if the crypto company goes under,” the agency cautioned. “If something happens, the government may not have an obligation to step in and help get your money back.” FTC’s Crypto Warning The U.S. Federal Trade Commission (FTC) issued a Consumer Alert on Thursday warning that crypto assets are not FDIC-insured. The FDIC is an independent federal agency that provides insurance for bank deposits held by member institutions of up to $250,000 per depositor. “If your bank is FDIC insured, you’re protected up to $250,000 if the bank fails,” FTC’s Consumer Education Specialist Cristina Miranda explained. In contrast, she stressed: The funds you deposit with a crypto-based financial services provider … That money isn’t FDIC insured or protected if the crypto company goes under. She then brought up...

Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, has warned that the U.S. and China are at the brink of a hot war. He has outlined a scenario where “we will see the transition from contained pre-hot-war conflicts to a brutal World War III.” Ray Dalio Warns of ‘a Brutal World War III’ Bridgewater Associates founder Ray Dalio shared his thoughts on the conflict in the Middle East and the potential for World War III in an opinion piece published on Linkedin on Oct. 12. Noting that while “Israel, Hamas, Ukraine, and Russia are in hot wars,” Dalio stressed that currently: “The major powers (the US and China) are not, though they remain at the brink of one.” He added: It appears that we are at a very critical juncture in which we will soon see if the Israel-Hamas war spreads and how far it spreads. Moreover, he said it remains to be seen “whether the great powers are forces for peace (and will back away from the brink of direct conflict) or get involve...

Fraudsters targeting victims in Ireland are increasingly posing as bank officials rather than crypto promoters, the local press reported quoting police. Amid the growing trend, Irish investors have lost millions of euros to this type of schemes this year, with law enforcement authorities having recovered only a fraction. Criminals Drop Crypto Frauds in Favor of Banking Scams Cryptocurrency frauds are being replaced by scams in which criminals pose as representatives of reputable traditional banks, the Irish Independent revealed in an article. Investigators are working on multiple cases of fraud over fiat investments. Nearly €20 million (over $21 million) have been stolen from Irish citizens in these online fraud schemes since January, of which officers from the Garda National Economic Crime Bureau ( GNECB ) have managed to recover around €4 million, the report detailed. While previously accounting for over 95% of the registered cases, crypto scams are no longer the most prominent...