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+23 +1
Binance sees withdrawals of $1.9 billion in last 24 hours, data firm Nansen says
Binance, the world's biggest crypto exchange, saw withdrawals of $1.9 billion in the last 24 hours, blockchain data firm Nansen said on Tuesday, as the platform said it had "temporarily paused" withdrawals of the USDC stablecoin.
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+19 +4
FTX founder Sam Bankman-Fried arrested in the Bahamas after U.S. files criminal charges
Bankman-Fried's arrest is the first concrete move by regulators to hold individuals accountable for the multi-billion dollar implosion of FTX last month.
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+25 +3
US prosecutors are reportedly investigating FTX founder Sam Bankman-Fried for fraud | Engadget
In a recent meeting between FTX, federal prosecutors and FBI agents, Justice Department officials asked for documents from the crypto exchange..
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+16 +2
Bitcoin Could Crash to $5,000 and Crypto Market Cap Could Reach $100 Billion Value in 2023
Bitcoin and digital currencies are as yet faltering from the unexpected breakdown of crypto trade FTX last month (with even the greatest bitcoin price bulls abruptly paddling back their forecasts). The bitcoin price has found a bottom at around $17,000 per bitcoin in the wake of imploding from nearly $70,000 toward the end of last...
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+21 +3
Not Your Keys, Not Your Bitcoin – FTX Was Selling Fake BTC to Its Users.
In the series “Not your Keys, Not your Bitcoin,” I call to the stand Sam Bankman-Fried. The now-infamous SBF who just turned FTX and Alameda into the biggest fiasco in cryptocurrency history! When a case like this breaks out, you are (unfortunately) never at the end of the (bad) surprises. That's what's happening right now for FTX, with new revelations that have just come to light.
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+22 +2
Jimmy Fallon, other celebs sued for promoting Bored Ape NFTs
Gwyneth Paltrow, Justin Bieber, Madonna, and more are accused of promoting Bored Ape Yacht Club NFTs without disclosing payments for endorsements
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+23 +4
Inside the Frantic Texts Exchanged by Crypto Executives as FTX Collapsed
A group chat including crypto leaders shows Binance’s Changpeng Zhao accusing FTX’s Sam Bankman-Fried of orchestrating trades to destabilize the industry.
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+19 +3
Coinbase CEO slams Sam Bankman-Fried: 'This guy just committed a $10 billion fraud, and why is he getting treated with kid gloves?'
FTX founder Sam Bankman-Fried has received "a lot of softball interviews" from the media, according to Coinbase CEO Brian Armstrong.
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+19 +2
FTX founder Sam Bankman-Fried 'willing to testify' at panel hearing - tweet
FTX's Sam Bankman-Fried is willing to testify before the U.S. House Committee on Dec. 13, the cryptocurrency exchange's founder said in a tweet on Friday, as regulators investigate his role in the wake of its collapse.
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+16 +1
‘Why do we allow this stuff?’ Jamie Dimon says investing in crypto tokens is like buying ‘pet rocks’
Long time cryptocurrency skeptic Jamie Dimon, CEO of banking giant JPMorgan, has doubled down on his dislike of decentralized digital assets and likened crypto to useless “pet rocks.” In an interview with CNBC’s “Squawk Box” show on Tuesday, Dimon referred to crypto as “a complete sideshow” and said the broadcaster spends “too much time [focusing] on it.”
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+21 +2
Just 8% of Americans have a positive view of cryptocurrencies now, CNBC survey finds
The survey shows 43% of the public with a negative view of cryptocurrencies, up from 25% in March.
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+25 +2
Sam Bankman-Fried could face years in prison over FTX's $32 billion meltdown — if the U.S. ever gets around to arresting him
FTX founder Sam Bankman-Fried remains in the Bahamas, even as regulators are rumored to be building a case against him. Why isn't he in jail yet?
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+26 +3
Bankman-Fried says he will testify before U.S. House committee
The House Financial Services Committee plans to hold a hearing to investigate the collapse of FTX and expects to hear from the companies and individuals involved, including founder and CEO Sam Bankman-Fried.
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+12 +2
Italy’s Budget Bill Encourages Crypto Investors to Disclose Holdings
Italian lawmakers have proposed in the budget bill to encourage taxpayers to declare their crypto assets as of Jan. 1, 2023, and pay a 14% tax, according to Bloomberg. The move comes as a part of Italy’s plan to tighten digital assets regulation and increase taxes on crypto gains next year.
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+23 +4
Bitcoin Is the Rediscovery of Money
Bitcoin is the rediscovery of money. It is money reconsidered. It is the removal of counterparty risk. It is the purest, fastest, soundest money, re-imagined from the ground up. It is computational proof of historical events, building up an incorruptible history without relying on trust.
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+18 +4
North Korea's nuclear program is funded by stolen cryptocurrency. Could it collapse now that FTX has?
Individuals, businesses and organisations around the world have felt the ripples – sometimes waves – from the FTX crash. Kim Jong-un is likely feeling them too.
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+29 +2
FTX’s Collapse Was a Crime, Not an Accident
Sam Bankman-Fried is a con man and fraudster of historic proportions. But you might not learn that from the New York Times, CoinDesk's Chief Insights Columnist David Z. Morris writes.
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+4 +1
ECB says bitcoin is on ‘road to irrelevance’ amid crypto collapse
European Bank criticises digital currency sector for facilitating illegal activity
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+19 +3
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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+27 +2
Binance deploys $1 billion to keep crypto industry afloat after FTX collapse
Cryptocurrency exchange Binance on Thursday announced new details about its industry recovery fund, which aims to prop up struggling players in the wake of FTX’s calamitous bankruptcy. In a blogpost, Binance said it will devote $1 billion in initial commitments to the recovery fund. It may increase that amount to $2 billion at a point in time in the future “if the need arises,” the company added.
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