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+33 +1
SBF’s parents were given $16.4M house paid for entirely by FTX, lawsuit says
FTX sues Bankman and Fried to claw back millions "siphoned" from crypto firm.
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+27 +1
White House Pushes for Punitive Tax on Crypto Mining
The Biden administration is campaigning for a tax first sought in a recent federal budget proposal, advocating that crypto miners pay an amount equal to 30% of their energy costs.
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+4 +1
Crypto wallets are targeted by a new “stealer” on Mac
New “stealer” malware was spotted this spring. It targets computers running macOS and seeks to steal a lot of information, including cryptocurrency wallets. Its name leaves little doubt as to its targets: computers running macOS. This is what the AMOS malware, an acronym for Atomic macOS Stealer, is aiming for. No need to be perfectly bilingual to guess the purpose of this program: it is to steal information on the victim’s machine.
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+18 +1
Jury Rules that NFTs Aren't Really Art
A Manhattan federal jury has ruled that NFTs don't really count as art in the case of a conceptual artist who used Hèrmes Birkin bags for his collection.
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+25 +1
Crypto Evolution: Nexa’s 2023 Plan to Redefine the Industry
Get ready to experience the future of cryptocurrency with Nexa! This cutting-edge platform is set to shake up the industry with its lightning-fast transactions, advanced security measures, and innovative features. In this article, we’ll take an in-depth look at Nexa’s ambitious plans for 2023 and how they’re poised to revolutionize the way we think about and use cryptocurrency. Are you ready for the Nexa revolution? Let’s dive in!
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+4 +1
FTX's Gary Wang, Alameda's Caroline Ellison plead guilty to federal charges, cooperating with prosecutors
FTX co-founder Gary Wang and former Alameda Research co-CEO Caroline Ellison have both pleaded guilty to federal charges, the U.S. attorney for the Southern District of New York, Damian Williams, said Wednesday.
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+4 +1
Why Bitcoin Is The Ultimate Wealth Preservation Technology
Evolutionary psychologists believe that the ability to "preserve wealth" gave modern humans the decisive edge in evolutionary competition with other humans. Nick Szabo wrote an interesting anecdote about how in his essay “Shelling Out: The Origins of Money.” When homosapiens displaced homo neanderthalensis in Europe circa 40,000 to 35,000 B.C., population explosions followed.
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+23 +1
Sam Bankman-Fried spent a fortune. Now, lawyers say 'the emperor had no clothes.' Here's where the money went.
Sam Bankman-Fried told Bloomberg in April that years down the road, he'd subsist on $100,000 a year — that's it. He'd keep a small percentage of the billions he had generated from his cryptocurrency empire and donate the rest. Bankman-Fried billed himself as an effective altruist, a person who would rack up stacks of money — or coins— to one day put it all toward the betterment of the world.
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+14 +1
Breaking: SEC Charges Sam Bankman-Fried with Defrauding Investors
The SEC has filed charges against former FTX CEO Sam Bankman-Fried, the securities regulator said in a doc released Tuesday. The SEC accused SBF of orchestrating a years-long scheme to defraud investors who committed nearly $2 billion to the fallen crypto exchange.
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+19 +1
Major Canadian Crypto Exchange Coinsquare Says Client Data Breached
Coinsquare, one of Canada’s largest cryptocurrency exchanges, may have been breached, but the company claims customer assets are “secure in cold storage and are not at risk.” The exchange, which touts itself as “Canada's trusted platform to securely buy, sell and trade Bitcoin, Ethereum, and more,” emailed customers yesterday to report a “data incident” in which an unauthorized third party accessed a customer database containing personal information.
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+25 +1
Amazon’s already greenlit an FTX miniseries
Though the real world impacts of FTX’s spectacular crash have yet to fully settle, Amazon’s reportedly moving forward with a miniseries about the bankrupt crypto exchange and its infamous former CEO Sam Bankman-Fried
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+18 +1
Sam Bankman-Fried Possibly Gambled Away FTX Investors Money
There are some huge tremors on the ground in the wake of FTX’s bankruptcy filing. The crypto exchange’s collapse has uncovered a massive scandal involving the CEO, his gambling penchant, and prominent names in the celebrity space.
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+4 +1
New FTX CEO: I've never seen 'such a complete failure of corporate controls'
The executive hired to steer FTX Group through bankruptcy offered his first findings of improper fund transfers and poor accounting at the collapsed crypto exchange on Thursday, describing it as a "complete failure" of controls. John Ray, who was named FTX's chief executive after the company filed for bankruptcy on Nov. 11, said in a court filing that the lapses in oversight, security and corporate governance he identified were greater than in any other process he has managed in his 40 years as a bankruptcy specialist, including at Enron.
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+20 +1
Hodlonaut Wins Norwegian Lawsuit Against Self-Proclaimed ‘Satoshi’ Craig Wright
Magnus Granath, known on Twitter as “Hodlonaut,” won a lawsuit against Craig Wright on Thursday, a Norwegian judge ruled. Granath sued Wright in Norway to try and preempt a defamation suit Wright planned to bring against Granath in the U.K., where defamation laws are heavily tipped in favor of the plaintiff and monetary damages can be enormous.
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+23 +1
Ethereum will use less energy now that it’s proof-of-stake
Ethereum, the second-largest cryptocurrency, has switched to proof-of-stake, cutting its energy demands. The transition, which has been in the works since 2016, won’t change much for the average Ethereum user, but it sidelines miners. The switchover began on September 6th, when the Bellatrix upgrade was activated. It is now complete after the mining of the Terminal Total Difficulty block, which triggered the Paris upgrade. The technical part is done; now, we get to see what happens.
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+20 +1
23,000 Extra Bitcoins! Microstrategy Uunveils Its New Purchase Plan
MicroStrategy has just announced that it has completed a private financing round of $500 million. This operation aimed at institutions will enable the issue of securities with an annual return of 6.125%. The amount raised will be used exclusively for the purchase of bitcoins in order to strengthen MicroStrategy’s position as the king of cryptocurrency assets.
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+20 +1
A Dubai of cryptocurrencies in Africa? Binance is working on it
Nigeria wants to create a virtual free zone for cryptos and wants to be inspired by that of Dubai, with the help of the Binance company.
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+27 +1
Bill Gates Does Not Hold Any Bitcoin, Calls it Speculative; Confirms in a Reddit AMA
Bill Gates recently in an Reddit AMA confirmed that he does not own any Bitcoin. He likes investing in companies that makes great products, and BTC is not one of them.
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+17 +1
Nvidia fined $5.5 million for hiding how many gaming GPUs were sold to crypto miners
Nvidia will pay $5.5 million to settle charges that it unlawfully obscured how many of its graphics cards were sold to cryptocurrency miners. The US Securities and Exchange Commission announced the charges and a settlement with the company today. Its order claims Nvidia misled investors by reporting a huge boost in revenue related to “gaming,” hiding how much its success relied on the far more volatile crypto market. Nvidia isn’t admitting to wrongdoing as part of the settlement, but it agrees to stop any unlawful failures to disclose information.
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+7 +1
Panama allows its citizens to pay in Crypto, even taxes
On Thursday the National Assembly of Panama passed a bill to regulate and commercialize the use of crypto and other digital assets in the country. Panama is often dubbed as the hub of offshore transactions and sometimes even a “tax haven”.
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