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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

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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

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Crypto Exchange Bybit Launches Derivatives Products in South Africa

October 4, 2023 0

Bybit announced on Oct. 2 that it will be offering its crypto derivatives products in South Africa through Money Doc which acts as the crypto exchange’s “juristic representative.” The crypto exchange said its on-ramp service enables South African users to make deposits in local currency via bank transfers. Bybit’s ‘Juristic Representative’ Bybit, the United Arab […]

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Argentine Economy Minister Sergio Massa Proposes National Digital Currency

October 4, 2023 0

Sergio Massa, Argentine economy minister and presidential candidate, has announced that, if elected, his new government plan would include launching a national digital currency that local media has called the “crypto peso.” Massa also stated that this plan would involve a tax reduction for transactions that use this new currency. Argentine Presidential Candidate Sergio

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Brazilian CVM Resolution Comes Into Effect, Allowing Funds to Allocate Part of Their Portfolios Into Crypto

October 4, 2023 0

The Brazilian Securities and Exchange Commission (CVM) has opened the doors for investment funds to invest in cryptocurrency. Resolution 175, drafted last year and coming into effect on October 2, defines the rules these institutions must follow to invest in crypto, with analysts predicting a rise in interest in the sector. Brazilian CVM Resolution 175 […]

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Kevin O’Leary Warns of Crypto Innovation Fleeing US Due to Regulatory Hurdles

October 4, 2023 0

Shark Tank investor Kevin O’Leary, aka Mr. Wonderful, has expressed concerns that regulatory obstacles will drive crypto innovation away from the U.S. His comments followed a congressional hearing where Congress members grilled U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler over crypto regulation. O’Leary Expects Crypto Innovation to Leave the U.S.

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Ripple Gains a Victory as Judge Torres Rejects SEC’s Interlocutory Appeal

October 4, 2023 0

U.S. District Judge Analisa Torres rejected the Securities and Exchange Commission’s interlocutory appeal in the regulator’s lawsuit against Ripple, noting the SEC failed to explain why her prior decision was faulty. Torres set a trial date for April 2024 to address the remaining issues. SEC’s Appeal in Ripple Lawsuit Denied by Judge Torres, Trial Set […]

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Tesla CEO Elon Musk Calls Fiat Currency a Scam

October 4, 2023 0

Tesla and Spacex CEO Elon Musk believes that fiat currency is a scam that is so normalized that we don’t even realize that it’s a scam. Many people share a similar view, including Rich Dad Poor Dad author Robert Kiyosaki, who has frequently cautioned against investing in the U.S. dollar and other fiat currencies, which […]