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Amid Rising Bitcoin ETF Hopes, Critics Warn of Vulnerability and Echoes of Precious Metal Manipulation

October 20, 2023 0

In recent months, the buzz around a potential bitcoin exchange-traded fund (ETF) has surged, echoing in its climbing price. But the enthusiasm isn’t universal. Some fear a spot bitcoin ETF could make BTC vulnerable, much like the gold and silver markets. The approval might open doors to

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MultiversX Launches Strategic Partnership With Google Cloud to Further AI and Big Data Ambitions in the Web3 World

October 20, 2023 0

PRESS RELEASE. After outlining a comprehensive strategy to spearhead the development of blockchain-powered tools and Web3 solutions that leverage and extend the reach of emerging AI technologies, MultiversX, the leading layer-1 smart contract platform, has announced a strategic partnership with Google Cloud, the global public cloud leader, renowned for exceptional

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FinCEN Targets Crypto Mixers Over Laundering and National Security Concerns

October 20, 2023 0

The U.S. Treasury Department’s Financial Crimes Enforcement Network, or FinCEN, this week proposed regulations aimed at increasing transparency around crypto mixing services. These services, the agency says, are used by terrorist organizations and state actors to obscure financial transactions. FinCEN refers to these services as “Convertible Virtual Currency Mixing” or CVC

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Biggest Movers: XRP Surges as SEC Drops Lawsuit Against Ripple’s Senior Management

October 20, 2023 0

XRP was a big gainer on Friday, as markets reacted to the SEC’s decision to drop its lawsuit against Ripple’s management team. The commission previously alleged that CEO Brad Garlinghouse and chairman Chris Larsen had violated securities laws. Solana also surged, rising by over 10% today. XRP XRP rose to a two-week high on Friday, […]

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LBank Labs Demo Day Marks a Notable Collaboration in Web3 In Partnership With Collab+Currency and Blockchain Builders Fund

October 20, 2023 0

PRESS RELEASE. On October 19, 20, and 23, the blockchain community converged for LBank Labs’ Demo Day, a collaborative effort with Collab+Currency and the Blockchain Builders Fund. The event garnered significant attention, with over 200+ registrants and a turnout of more than 150+ attendees, of which over 70% are global funds. Serving as a nexus […]

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Bitcoin, Ethereum Technical Analysis: BTC Above $30,000 as ETF Hopes Intensify

October 20, 2023 0

Bitcoin rallied to a three-month high on Friday, as market optimism grew that the Securities and Exchange Commission (SEC) could soon approve several spot bitcoin ETFs. As reported yesterday, SEC Chair Gary Gensler stated that the regulator is currently reviewing up to ten filings for the product. This comes as the commission also opted to […]

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Crypto’s Role in Terrorism Financing Overestimated, Chainalysis Shows

October 20, 2023 0

Inaccurate methodologies have resulted in overstated metrics about the use of cryptocurrency by terror groups fighting Israel, according to Chainalysis. The analytics company has tried to “correct the record” on crypto’s role in terrorism financing amid ongoing hostilities in the Middle East. Terrorism Financing Is a Small Portion of Already Small Illicit Crypto Volume,

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Coinbase: ‘Overwhelming Majority’ of Terror-Related Funding Still Funneled via Traditional Financial Systems

October 20, 2023 0

According to Coinbase, an overwhelming majority of terror-related funding is still done via traditional financial systems. The crypto exchange suggested that terrorist organizations that do receive crypto funding normally use “offshore entities” when attempting liquidate such digital asset holdings. ‘Clear Rules of the Road’ Terrorist organizations that do receive funding

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Peter Schiff: ‘No One Needs Bitcoin’

October 20, 2023 0

Peter Schiff, a renowned economist and gold bug, has criticized Bitcoin’s role and utility in today’s economy. According to Schiff’s remarks, Bitcoin is useless, and its advocates are like a cult, trying to convince people to buy bitcoin after buying it themselves. Peter Schiff: ‘Bitcoin Is Nothing’ Peter Schiff, chief economist and global strategist at […]

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A SWIFT Shakeup: Yuan Dethrones Euro as Runner-Up in Trade Finance Markets

October 20, 2023 0

The latest report published by the Society for Worldwide Interbank Financial Telecommunications (SWIFT) has revealed that the Chinese yuan overtook the euro as the second most used currency in trade finance markets. However, the dollar is still comfortably in first place, with more than an 80% share in these payments. Chinese Yuan Overtakes Euro in […]