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Bitcoin ETFs Can ‘Act as a Gateway to Crypto for Many’ — Mintlayer CEO Enrico Rubboli

July 22, 2023 0

According to Enrico Rubboli, the CEO of Mintlayer, Bitcoin exchange-traded funds (ETFs) can potentially act as “a gateway to crypto” for users who are likely to eventually show greater interest in the underlying asset. Rubboli argued that while bitcoin maximalists may view Blackrock or any

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FTX Sues SBF, Former Execs to Recover Over $1 Billion

July 22, 2023 0

Crypto exchange FTX is trying to regain $1 billion in a lawsuit against founder Sam Bankman-Fried (SBF) and some former executives. FTX’s new management argues the funds were misappropriated through dubious deals and transactions made before the coin trading platform went bankrupt last fall. Failed Crypto Firm FTX Files New Lawsuit Against Founders and Chiefs […]

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Nigerian Currency Plunges to All-Time Low Versus Dollar, Central Bank Revokes Licenses of 2,700 Currency Exchanges

July 22, 2023 0

The exchange rate of the Nigerian currency versus the greenback recently plunged to an all-time low of NGN860:USD1. The naira’s depreciation has been attributed to shortages of foreign exchange on the official market and the rising demand for forex. The Central Bank of Nigeria (CBN) said it has revoked the licenses of nearly 2,700 bureaux […]

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SEC Asks for Increased Funding to Tackle Crypto Market Risks and Wrongdoing

July 22, 2023 0

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has asked Congress for more funding for his agency to address “risks in the crypto markets.” In a Senate hearing, he stressed: “We’ve seen the Wild West of the crypto markets, rife with noncompliance, where investors have put hard-earned assets at risk in a highly speculative […]

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ASIC Manufacturer Bitmain Unveils $38K Filecoin Mining Rig 

July 21, 2023 0

Bitmain, the mining rig manufacturer, has announced the launch of a new rig that mines the digital currency filecoin (FIL). Similar to the company’s KAS Miner KS3, the new FIL miner carries a hefty price tag of $38,888 per machine. Bitmain Introduces On-Rack Filecoin Miner Bitmain announced Thursday that it will begin selling a newly […]

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NY Couple to Forfeit Billions in Crypto and Cash in Plea Deal Over Bitfinex Hack Laundering Case

July 21, 2023 0

Ilya Lichtenstein and Heather Morgan, the New York-based couple implicated in the alleged laundering of $4.5 billion in bitcoin pilfered from the 2016 Bitfinex cyber-attack, have reached a plea bargain, as revealed by recent court records. The pair is scheduled to appear before U.S. judge Colleen Kollar-Kotelly on August 3, 2023, and will be mandated […]

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BTC to Peak at $42K in 2023: Finder’s Bitcoin Price Predictions Report

July 21, 2023 0

Bitcoin is expected to reach its peak at $42,000 in 2023, with an end-of-year price prediction of $38,000, according to Finder’s bitcoin price predictions report. The report, based on a survey of 29 industry specialists, reveals that 43% of panelists believe bitcoin is currently underpriced, 36% say it is priced fairly, and 21% consider it […]

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Terraform Labs Appoints New CEO While Co-Founder Remains in Jail 

July 21, 2023 0

Terraform Labs appointed a new chief executive officer following Do Kwon’s resignation on March 31, 2023. In a Wall Street Journal interview, the interim CEO, Chris Amani, discussed his team’s “vision” for rescuing the beleaguered blockchain project. Terraform Labs Finds New Leadership, Attorneys Seek to Dismiss SEC Case Following Ripple Decision Chris Amani, Terraform

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Biggest Movers: DOGE Races to Highest Point Since May, Following Elon Musk Tweet

July 21, 2023 0

Dogecoin was one of the standout gainers during a quiet session, as the meme coin raced to a multi-month high. Prices rose as traders continued to react to a recent tweet from Elon Musk. Another notable gainer was polkadot, which rose nearly 7% higher. Dogecoin (DOGE) Dogecoin (DOGE) was a notable mover during Friday’s session, […]

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Sam Bankman-Fried Accused of Leaking Diary Excerpts to Discredit Key Witness

July 21, 2023 0

A court document penned by U.S. Department of Justice attorney Damian Williams alleges FTX co-founder Sam Bankman-Fried released diary excerpts from former Alameda CEO Caroline Ellison. The U.S. attorney asserts that Bankman-Fried intended to discredit the government’s key witness by disseminating the diary content. FTX Co-Founder Allegedly Leaked Caroline Ellison’s Diary