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Report: Tom Brady Received $55 Million for FTX Commercials Before Its Collapse

October 5, 2023 0

According to a report, former National Football League quarterback Tom Brady was paid $55 million to feature in the collapse cryptocurrency exchange FTX’s advertisements. As part of the arrangement, Brady would devote 20 hours of his time each year for three years. Celebrities Paid to Promote

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South African Crypto Exchange Valr Receives ‘Initial Approval’ From Dubai Virtual Assets Regulator

October 5, 2023 0

Valr, the South Africa-based crypto exchange, recently said it had won initial approval from the Dubai virtual assets regulator. The crypto exchange’s Head of Growth, Blake Player, said Valr has been attracted by the Middle East region’s significant crypto flows and in particular Dubai’s growing reputation “as a forward-thinking and pragmatic jurisdiction.” Valr Cannot

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SEC Seeks Rejection of Coinbase’s Pushback Against Its Lawsuit

October 5, 2023 0

The U.S. Securities and Exchange Commission (SEC) has asked a judge to reject Coinbase’s attempt to have the regulator’s lawsuit against it dismissed. The exchange had alleged that the agency overstepped its authority and abused its discretion in claiming that digital assets offered on the trading platform were unregistered securities. SEC Adds Arguments to Support […]

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A Shot at Full Recovery? Amazon’s Billions to Anthropic Ignite Hopes for FTX Creditors

October 5, 2023 0

FTX creditors might see a silver lining following the recent partnership between Anthropic and Amazon, as the tech behemoth unveiled plans to pour up to $4 billion into the budding artificial intelligence (AI) startup. Over on the social media haven X, a cadre of FTX creditors, united under the banner of “FTX 2.0 Coalition,” explained […]

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Crypto Tycoon SBF in the Dock: Jury Selection Extended; Hearing Reveals Financial Carnage 

October 4, 2023 0

Sam Bankman-Fried (SBF), the disgraced co-founder of the now insolvent cryptocurrency exchange FTX, concluded his first day of trial involving jury selection and voir dire questioning. The process extended into Wednesday as U.S. District Judge Lewis Kaplan eliminated several potential jurors on Tuesday. Trial of FTX Co-Founder SBF Unveils Juror Crypto Losses on Day One

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Bitfinex’s Role in Taming Crypto Market Volatility: Resilience at Its Core

October 4, 2023 0

Understanding volatility in the crypto market The world of cryptocurrencies is known for its volatility, with prices fluctuating wildly within short periods. For traders, the ability to navigate and even capitalize on this is crucial to success. Understanding volatility in the crypto market is the first step to mastering it. Volatility refers to the rapid […]

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DOJ Clamps Down on SBF’s Regulatory Loophole Defense Amid Ongoing Fraud Trial

October 4, 2023 0

The Department of Justice (DOJ) has asked the judge in Sam Bankman-Fried’s (SBF) criminal case to restrict several planned defense arguments about financial regulations. Prosecutors said in a new court filing that SBF should not be allowed to claim he’s innocent because cryptocurrency exchanges faced little regulation. They also argued he can’t use his compliance […]

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Biggest Movers: MATIC Moves to Highest Point Since August

October 4, 2023 0

Polygon surged to its strongest level since the end of August, as the token extended recent gains. The rally comes despite cryptocurrencies mostly consolidating on Wednesday, following recent declines. XRP was another notable gainer today. Polygon (MATIC) Polygon (MATIC) rose for a back-to-back session on Wednesday, hitting a multi-week high in the process. MATIC/USD moved

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‘Verified Satoshi’ Handle on X Triggers Debate Among Bitcoin Circles, Elon Musk Called to Act

October 4, 2023 0

On the social media platform X (formally Twitter), an account created in 2018 is causing a lot of uproar as the account is called “@satoshi,” and has a verified check mark confirming its identity. A few bitcoin influencers have called on Elon Musk to remove the account’s checkmark, and others, including a Community Notes post, […]

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Bitcoin, Ethereum Technical Analysis: BTC Rebounds From Key Price Floor on Wednesday

October 4, 2023 0

Bitcoin marginally rebounded on Wednesday, after the cryptocurrency collided with a key support point in yesterday’s session. Markets have consolidated Tuesday’s losses, with the global crypto market cap up 0.7% as of writing this. Ethereum remained under the $1,700 level. Bitcoin Bitcoin (BTC) climbed marginally higher on Wednesday after the price bounced off a recent