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JPMorgan CEO: Inflation May Be Stickier Than People Think, Fed May Raise Rates Further

November 3, 2023 0

The CEO of JPMorgan Chase, Jamie Dimon, has warned that inflation may be more persistent than many expect, and the government’s fiscal and monetary stimulus in the past several years has been greater than many realize. Dimon also expects more interest rate hikes from the Fed, stating: “I

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Guilty on All Counts: Former FTX CEO Sam Bankman-Fried Faces Potential Century-Long Sentence

November 3, 2023 0

Sam Bankman-Fried, the disgraced former CEO of FTX, has been convicted on all seven charges, including wire fraud, securities fraud, commodities fraud, and money laundering. The jury reached a verdict at around 7:45 p.m. (ET) on Thursday evening according to an account shared by Matthew Russell Lee from the Inner City Press. Bankman-Fried Convicted on […]

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Prosecutor: FTX Boss Sam Bankman-Fried Stole Billions From Customers, Lied About It

November 2, 2023 0

Federal prosecutor Nicolas Roos argued this week that Sam Bankman-Fried stole billions in customer funds from his cryptocurrency exchange FTX and lied repeatedly to cover it up, actions that make him guilty on all counts. The prosecutor’s closing argument paints a picture of Bankman-Fried building a mountain of lies that eventually collapsed, “leaving countless victims

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OCCRP Investigation Alleges Bukele Embezzled $200 Million for Bitcoin Projects in El Salvador

November 2, 2023 0

An investigation led by the Organized Crime and Corruption Reporting Project (OCCRP) alleges that Nayib Bukele, President of El Salvador, deviated hundreds of millions of dollars granted by the Central American Bank for Economic Integration (CABEI) to develop the project of making bitcoin legal tender. OCCRP States Nayib Bukele Embezzled Funds to Make Bitcoin Legal […]

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October’s NFT Market Contracts Over 21%, With Ethereum’s Share Shrinking by $35 Million

November 2, 2023 0

October proved to be a beneficial period for the broader crypto asset landscape; however, it cast a shadow on the non-fungible token (NFT) sector, witnessing a 21.64% dip in sales. Ethereum’s NFTs took the lion’s share, amassing $171 million out of the $313 million total, despite experiencing a 17.26% decrease in sales volume over the […]

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Sam Bankman-Fried’s Attorney Paints Picture of Mistakes, Not Crimes, in Closing Argument

November 2, 2023 0

Sam Bankman-Fried’s lawyer Mark Cohen gave a final argument Wednesday, portraying the FTX founder as someone who “did his best” and made mistakes but did not commit crimes. Bankman-Fried’s Lawyer: ‘Mistakes Are Not a Crime’ Sam Bankman-Fried‘s attorney, Mark Cohen, is well-known for representing convicted sex offender Ghislaine Maxwell. This year, he is defending the […]

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Paypal Faces SEC Scrutiny Over New Stablecoin PYUSD, Cooperates With Document Production Request

November 2, 2023 0

After releasing its new stablecoin PYUSD, the payments giant Paypal disclosed that the U.S. Securities and Exchange Commission (SEC) subpoenaed the company concerning the stablecoin. Paypal stated in its Form 10-Q for the third fiscal quarter that it had been asked to produce documents for the SEC and is “cooperating” with the securities regulator. Paypal […]

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Report: Taiwan Law Enforcement Seize Over 320 Million USDT From Alleged Money Launderer

November 2, 2023 0

Taiwanese law enforcement recently revealed the seizure of more than 320 million USDT stablecoins from an alleged money launderer. The seizure has been described as Taiwan’s largest bust ever from a single individual. Lamborghini and a Lexus Seized Taiwan’s law enforcement recently said it nabbed the four individuals behind what is being described as the […]

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Microstrategy Expands Bitcoin Trove, Total Holdings Now Stand at 158,400 BTC

November 2, 2023 0

Microstrategy reported a 3.3% increase in total revenues to $129.5 million in the third quarter of 2023, even as the company took impairment losses of $33.6 million on its bitcoin holdings, according to the firm’s latest financial disclosure. The firm’s founder, Michael Saylor, revealed that Microstrategy purchased an additional 155 BTC for $5.3 million in […]

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Bitcoin.com’s VERSE Token to Make Groundbreaking Debut on Polygon Network

November 2, 2023 0

PRESS RELEASE. November 2nd, 2023 — Bitcoin.com, a pioneer in democratizing cryptocurrency access, is thrilled to announce the upcoming launch of its VERSE token on the Polygon PoS chain. This significant move follows the Verse community’s first-ever direct vote, a process that underpins Bitcoin.com’s commitment to community-driven decision-making and amplifies the ethos