Kumo
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11 months, 4 weeks ago
Investment Firm Involved in Celsius Acquisition Reportedly Eyeing FTX for Potential Relaunch
Proof Group, a prominent Silicon Valley investment firm, has expressed interest in the potential relaunch of FTX, according to sources familiar with the matter. Proof Group, which is part of the Fahrenheit…
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11 months, 4 weeks agoFiat Payment Rails and Neobanking Services Drive Mainstream Adoption of Cryptocurrency
Fiat payment rails and neobanking services are playing a crucial role in driving the mainstream adoption of cryptocurrencies. Industry experts at the European Blockchain Convention in Barcelona emphasized the…
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11 months, 4 weeks agoNFT Market Shows Signs of Recovery with Increased Trading Volume
The NFT market is showing signs of recovery, with monthly sales volumes increasing for the first time in a year. In October, trading volume grew by 32%, reaching $405 million. However, this is still lower than the…
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11 months, 4 weeks agoGerman Pension System in Crisis: Financial Expert Supports Introduction of Stock Pension
The German financial expert, Michael Rasch, suggests that the generational contract, which is under pressure due to demographics and increasing performance promises, could be relieved in the medium term through…
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11 months, 4 weeks agoSenator Lummis Criticizes SEC's Crackdown on Crypto Industry, Urges Clarity and Collaboration
In a recent interview with Yahoo Finance, Senator Cynthia Lummis expressed her disapproval of the Securities and Exchange Commission’s (SEC) intensified crackdown on the crypto industry throughout 2023. Lummis c…
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11 months, 4 weeks agoLawmaker Proposes Slashing SEC Chair's Salary to $1 in Defunding Effort
A United States lawmaker has proposed a controversial amendment to the Financial Services and General Government bill, which aims to reduce government spending. The amendment suggests reducing the salary of…
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11 months, 4 weeks agoFTX Founder's Conviction Sparks Hollywood Interest and Future Adaptations
The founder of FTX, Sam Bankman-Fried, has been convicted on seven counts of fraud and conspiracy. After a month-long trial in federal court in New York City, Bankman-Fried was found guilty of cheating investors…
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11 months, 4 weeks agoRipple's Milestones Propel XRP to Fourth-Largest Cryptocurrency
XRP, the cryptocurrency associated with Ripple, experienced a significant surge in price, rising over 8% in the past 24 hours. This surge propelled XRP to become the fourth-largest cryptocurrency by market…
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11 months, 4 weeks agoUK Releases Suite of Documents on Stablecoin Regulation
A series of documents have been released in the United Kingdom regarding the regulation of stablecoins. The Financial Conduct Authority (FCA) and the Bank of England (BOE) have both published discussion papers on…
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12 months agoCrypto Lawyer Predicts Major Legal Victory for Ripple in SEC Lawsuit
John Deaton, a prominent crypto lawyer and founder of Crypto Law, has shared his opinion on the ongoing lawsuit between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). According to Deaton, a…
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12 months agoFTX Founder Found Guilty of Embezzling $8 Billion in Customer Funds
Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, has been convicted on seven charges in New York. The jury found him guilty of embezzling $8 billion from customers, using the funds for speculative…
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12 months agoFTX Collapse Exposes Bitcoin Guru Sam Bankman-Fried's Guilt
The recent downfall of Sam Bankman-Fried and his cryptocurrency exchange FTX has had a significant impact on the industry. Bankman-Fried, the former CEO of FTX, has been found guilty of fraud and faces a potential…
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12 months agoStrategic Decumulation: Maximizing Retirement Savings While Maintaining Financial Security
In the third phase of life, many people face challenges in various aspects, including finances. Retirement brings about a significant shift in social connections and daily routines, which can be difficult to…
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12 months agoExploring the Potential of Central Bank Digital Currencies: Project Sela Pioneers Advanced CBDC Ecosystem
In a groundbreaking collaboration, the Hong Kong Monetary Authority (HKMA), the Bank for International Settlements (BIS) Hong Kong Centre, and the Bank of Israel (BOI) have joined forces to explore the potential of…
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12 months agoJPMorgan's Digital Token, JPM Coin, Hits $1 Billion Daily Transaction Milestone
JPMorgan Chase & Co. has achieved a significant milestone in its blockchain initiative with its digital token, JPM Coin, now processing $1 billion worth of transactions daily. The coin, which operates on Quorum, a…
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12 months agoLawmakers Call for Charges Against Binance and Tether Over Alleged Terrorist Financing
US lawmakers are calling on the Department of Justice (DOJ) to take action against major cryptocurrency companies Binance and Tether. They allege that these companies have facilitated illicit financial activities,…
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12 months agoCoinbase Launches Regulated Crypto Futures Trading for US Retail Investors
Coinbase Financial Markets, the regulated derivatives division of Coinbase, has introduced regulated crypto futures trading for retail investors in the US. This move allows eligible US customers on the Coinbase…
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12 months agoPayPal Faces SEC Subpoena Over PYUSD Stablecoin in Regulatory Crackdown
PayPal, the global payments firm, has received a subpoena from the US Securities and Exchange Commission (SEC) regarding its PYUSD stablecoin. The subpoena requests the production of documents, and PayPal has…
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12 months agoNational Bank of Georgia Partners with Ripple for Central Bank Digital Currency Pilot
The National Bank of Georgia (NBG) has partnered with Ripple to launch a pilot program for a central bank digital currency (CBDC) called the Digital Lari. Ripple’s CBDC platform, built on a private version of the X…
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12 months agoFounder of Failed Crypto Exchange FTX Found Guilty on All Charges in Fraud Trial
Sam Bankman-Fried, the founder of FTX, a crypto exchange that collapsed last year, has been found guilty on all counts in his fraud trial. A federal jury convicted Bankman-Fried on seven criminal charges, including…
