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Reasoning by analogy: Can a jury understand Ethereum?

In a significant trial in the Southern District of New York, jurors are faced with determining whether blockchain code constitutes law. The defendants, Anton and James Peraire-Bueno, are accused of defrauding a group by exploiting Ethereum’s system, resulting in a loss of $25 million in ETH. The prosecution argues the brothers used deception to execute their scheme, while the defense claims they operated within Ethereum's rules, likening their actions to a baseball maneuver. This trial not only encompasses allegations of wire fraud and money laundering but also fundamentally questions the legality of actions taken under decentralized blockchain systems. Legal representatives employed various analogies, including cooking, to clarify Ethereum concepts for the jury. However, the complexity of the technology challenges the jurors’ ability to make informed judgments. The outcome could have substantial implications for cryptocurrency regulation, suggesting whether Ethereum’s code can adequately govern itself or requires judicial intervention. A guilty verdict for the defendants may reinforce the need for regulatory oversight, impacting the crypto landscape significantly.

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Robinhood, Coinbase Lead Crypto Stock Plunge as Investors Fret Over Macro Concerns

Crypto stocks, including Robinhood and Coinbase, tumbled as macroeconomic uncertainties dominated investor sentiment. Robinhood shares fell by over 7%, following a drop of more than 9% earlier, despite reporting better-than-expected earnings. Coinbase also saw a decline of over 6%. The falls come amid broader market pressures, with concerns over a

Robinhood, Coinbase Lead Crypto Stock Plunge as Investors Fret Over Macro Concerns

Crypto stocks plunged as macroeconomic worries intensified, particularly related to a prolonged government shutdown and weak job data. Robinhood's shares fell over 9% during trading, reaching a low not seen in two weeks, despite a recent positive earnings report. Coinbase also dropped more than 6%, with other firms

Robinhood, Coinbase Lead Crypto Stock Plunge as Investors Fret Over Macro Concerns

Robinhood and Coinbase saw significant stock declines as the broader crypto market faced losses amid ongoing macroeconomic uncertainties. Robinhood's shares dropped over 7%, reaching a low not seen in more than two weeks, following its recent Q3 earnings report which had exceeded analysts' expectations. Coinbase's

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