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1 year agoBitcoin Supply on Exchanges Drops to 5-Year Low, Whales Accumulating BTC
The supply of Bitcoin (BTC) on cryptocurrency exchanges has dropped to a 5-year low of around 2.29 million BTC, according to blockchain data platform Glassnode. This decrease in supply on exchanges has been…
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1 year agoBinance Helps Thai Authorities Dismantle $277 Million Crypto Scam
Binance, a crypto exchange, has played a key role in helping Thai authorities dismantle a massive crypto scam that drained over $277 million from victims across Thailand. Working with the Cyber Crime Investigation…
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1 year agoJudge Torres Rejects SEC Motion to Appeal Ripple Ruling
Judge Analisa Torres has rejected the United States Securities and Exchange Commission’s (SEC) motion to file an interlocutory appeal against the recent Ripple ruling. In an Oct. 3 court order, Judge Torres d…
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1 year agoSam Bankman-Fried Worried Employees Got Too Rich After SRM Price Increase
Sam Bankman-Fried, the CEO of FTX, was worried that his employees had become too wealthy due to the sudden increase in the value of SRM. As a result, he changed the rules and made them wait longer to sell their…
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1 year agoCelsius Network Seeks Redemption Through Chapter 11 Revival
Celsius Network has begun its bankruptcy trial in New York, with the goal of relaunching itself as a user-owned Bitcoin miner. The company has informed a judge that it intends to repay customers whose funds have…
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1 year agoSam Bankman-Fried Trial Begins as FTX Collapses
Sam Bankman-Fried, former CEO of FTX, is on trial in New York for seven counts of conspiracy and fraud in connection with the collapse of the cryptocurrency exchange he co-founded. He has pleaded not guilty to all…
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1 year agoU.S. Treasury Sanctions Crypto Wallets Connected to Fentanyl Trafficking
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned crypto wallets allegedly connected to individuals and companies involved in the production of fentanyl. The U.S. J…
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1 year agoBinance Assists Thai Police in Crypto Scam Investigation
Binance, a crypto exchange, has recently joined forces with the Royal Thai Police in an investigation that led to the arrest of several suspects behind fraudulent activities. The investigation was assisted by…
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1 year agoArdana Labs Closure: $4 Million in Funds Misused Through CEFI Exchanges
Ardana Labs, a project that aimed to provide an innovative stablecoin platform for the Cardano network, raised $10 million from investors in 2021. However, the project suddenly closed up shop in November 2022,…
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1 year agoCrypto Exchange Collapse: Can You Trust FTX?
Sam Bankman-Fried, the former CEO of cryptocurrency exchange FTX, is facing a criminal trial in the United States Justice Department. During jury selection on Oct. 3, Assistant U.S. Attorney Danielle Sassoon…
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1 year agoAlex Mashinsky to Stand Trial in September 2024 for Securities Fraud
Alex Mashinsky, the former CEO of Celsius, will stand trial in September 2024 for multiple counts of fraud, including wire fraud, securities fraud, commodities fraud, and conspiracy to manipulate the value of the…
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1 year agoCelsius Seeks Final Approval for Reorganization Plan, Repayments by Year-End
Celsius, a troubled cryptocurrency network, is currently in court seeking approval to initiate customer repayments by year-end and gain complete approval for its reorganization plan. The repayment to creditors will…
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1 year agoChainlink Data Streams Launched to Enhance DeFi Performance
Chainlink, a leading blockchain oracle ecosystem, has launched Chainlink Data Streams, an all-in-one data solution for decentralized applications (Dapps) and decentralized financial ecosystem (DeFi) developers. The…
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1 year agoCrypto and Web3 Projects Suffer 153% Increase in Attack Incidents in Q3 2023
Crypto and Web3 projects experienced a 153% increase in attack incidents from July to September 2023 compared to the same period in 2022, according to a report from blockchain security platform Immunefi. In Q3…
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1 year agoCross-Border Trading Experiment Using CBDCs and DeFi Technology Successfully Completed
The Bank for International Settlements (BIS) has successfully completed a cross-border trading experiment using central bank digital currencies (CBDCs) and decentralized finance (DeFi) technology. The experiment,…
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1 year agoAlex Mashinsky to Face Fraud Trial in September 2024
Alex Mashinsky, former boss of the now-defunct crypto lending firm Celsius, is set to begin his criminal fraud trial on September 17, 2024. US District Judge John Koeltl confirmed the news during a hearing on…
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1 year agoSEC Appears to be Warming Up to Spot Bitcoin ETFs
Jan van Eck, CEO of investment firm VanEck, and Matt Hougan, Chief Investment Officer of crypto investment firm Bitwise, both expressed optimism in an interview with CNBC yesterday that a spot bitcoin ETF could be…
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1 year agoSatoshi Nakamoto's Account Reappears After 5 Years, Sparking Speculation
The social media account with the username @satoshi has recently broken its silence on X, sparking curiosity and speculation within the cryptocurrency community. The account, attributed to the individual or group…
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1 year agoBinance to End Support for BUSD Stablecoin Amid Regulatory Pressure
Binance, a global crypto exchange, announced on Oct. 3 that it will end support for Binance USD (BUSD) borrowing and staking positions by Oct. 25, 2023. The exchange has urged its users to convert their BUSD…
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1 year agoBitstamp Introduces USDC on Stellar Network for Faster, Low-Cost Transactions
Bitstamp, a prominent cryptocurrency exchange, has announced its plan to embrace multi-chain functionality by introducing USDC on the Stellar network. This development marks the start of an exciting journey to…