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+27 +1
Cryptocurrencies use massive amounts of power – but eco-friendly alternatives come with their own risks
Cryptocurrencies such as Bitcoin can use more power than countries such as Finland. The emergence of eco-friendly alternatives provides hope, and a few concerns, for crypto users.
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+15 +1
Bitcoin Suisse CEO: The Next Bull Market Is Coming, And We Will Be Ready
Bitcoin Suisse is preparing for the next bull market by re-inventing itself as a fully-fledged “crypto asset manager” and wealth advisory firm that caters for an emerging breed of ultra high-net-worth individuals and crypto-curious institutions. The strategy involves complex efforts by the digital asset gateway to secure a license from the Swiss Financial Market Supervisory Authority (FINMA), Switzerland’s financial regulator, as well as expanding operations into the European Union, the United Kingdom and the United Arab Emirates.
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+16 +1
SEC charges Tron founder Justin Sun, celebrities Lindsay Lohan, Jake Paul with crypto violations
The Securities and Exchange Commission has unveiled fraud and unregistered securities charges against crypto founder and Grenadian diplomat Justin Sun, alongside separate violations against the celebrity backers of his Tronix and BitTorrent crypto assets, which included Jake Paul, Lindsay Lohan and Soulja Boy.
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+16 +1
Robert Kiyosaki warns 3rd U.S. bank to crash, Peter Schiff says 'bigger collapse' ahead
The United States financial system has been rattled by the collapse of Silicon Valley Bank (SBV) and Silvergate Bank within 48 hours as economic uncertainty prevails. Therefore, some financial sector players project that the situation will likely worsen in the coming days.
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+21 +1
Bank of America: It only Takes $93 million to Move the Bitcoin Price 1%
A 2021 report from US banking giant Bank of America (BofA) claimed that at a price-tag of $60,000, it only took $93 million in capital to move the Bitcoin price by one percent. Since then, the BTC exchange supply ratio dropped precipitously, per the latest data.
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+2 +1
There’s a wild theory that the price of Bitcoin is being propped up—and the academic who proved manipulation in 2017 suspects it may be happening again
Back in 2017, John Griffin, a professor of finance at the University of Texas McCombs School of Business, noticed something strange. Griffin follows a totally different beat from typical business school finance profs who explore, say, how business cycles influence commodity prices or Fed policy sways the term structure of interest rates.
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+19 +1
The Wild West days of Crypto are coming to an end
When bitcoin was created back in 2009, no one really paid any attention to it. It was considered a pet project of a few cypher punks on the internet. Fast forward to present times and it has become a giant that has become a commonplace name and birthed an entire industry, comprising thousands of coins and projects that came from it. Cryptocurrency has become so big that at the height of the bull run in 2021 its marketcap was three trilllion dollars.
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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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+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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+11 +1
Binance temporarily halts withdrawals of stablecoin USDC as investor concerns mount after FTX collapse
Binance, the world’s largest cryptocurrency exchange, said Tuesday it is pausing withdrawals of the stablecoin USDC while it carries out a “token swap.” The move comes as investor concerns grow about Binance’s stability following the collapse of rival exchange FTX as well as a report of a potential criminal investigation from the U.S. government.
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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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+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
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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+12 +1
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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+17 +1
FTX Founder Sam Bankman-Fried Says He Can’t Account for Billions Sent to Alameda
FTX’s founder said he couldn’t explain what happened to billions of dollars that customers of his failed cryptocurrency exchange sent to the bank accounts of his trading firm.
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+12 +1
Genesis Bankruptcy Jitters Send Bitcoin to Fresh Low
Days after its lending unit was forced to halt withdrawals in wake of the collapse of crypto exchange FTX, Genesis Global Trading has mentioned bankruptcy as a potential option as it seeks fresh capital, reports Bloomberg citing people with knowledge of the matter.
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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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+31 +1
Binance has a plan to save crypto—if it’s not too late
Few were prepared for the dramatic collapse of crypto exchange FTX on November 11. The incident has left hundreds of thousands of customers without access to their funds, and the ripple effects have wiped billions of dollars from the market, as well as casting doubt over the integrity of other crypto companies.
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+14 +1
220,000+ BTC Withdrawn from Exchanges in Week After FTX's Collapse
Investors have withdrawn 220K bitcoins from crypto exchanges in the week after the fall of FTX, according to data by Coinglass. The demise of Sam Bankman-Fried’s $32 billion crypto empire has affected not only crypto prices but seemingly investors’ confidence in centralized exchanges (CEX).
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+18 +1
The Fall of FTX Seems to Have Completely Screwed Over Tom Brady
Tom Brady is gradually realizing that you can’t win them all, even if we are simply referring to the 2022–23 NFL season and his current losing record. The former quarterback had invested in the crypto exchange FTX and even served as the company’s public face before it abruptly collapsed this week. We can only speculate on how much money Brady truly lost, given that FTX is already bleeding $8 billion and is rapidly approaching bankruptcy.
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