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New Year Brings Strong NFT Sales, Up 26% in First Week of 2023 With Top 5 Blockchains Seeing Double-Digit Increases

January 8, 2023 0

The first week of 2023 saw an upswing in non-fungible token (NFT) sales as seven-day volume increased 26.01% compared to the previous week, totaling approximately $208.99 million in NFT sales. Additionally, the top five NFT-issuing blockchains saw increases over the last week. Bored Ape NFT

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Report Claims U.S. Prosecutors Investigate Hedge Funds in Connection with Binance Dealings 

January 8, 2023 0

Federal prosecutors are reportedly investigating U.S.-based hedge funds that have dealt with the cryptocurrency exchange Binance, according to two people familiar with the matter. The hedge funds were allegedly issued subpoenas by the U.S. attorney’s office for the Western District of Washington. Sources Say U.S. Department of Justice Probes American Hedge Funds in

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Gold Prices Expected to Soar in 2023: Experts Predict Record Highs for Precious Metal

January 8, 2023 0

Gold is on the rise in 2023 and in the first week of the new year alone, the precious metal has jumped 2.36% against the U.S. dollar. Over the past 65 days, gold has soared 14.55% while silver has skyrocketed 22.31% against the greenback since Nov. 3, 2022. According to the head of metals strategy […]

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Robert Kiyosaki: SEC Will ‘Crush’ Most Cryptos, Burry on US Recession, Gold Bug Schiff on Inflation in 2023 — Week in Review

January 8, 2023 0

2023 is off to a rough start, with crypto business bankruptcies, inflation, and recession impacting markets and looming darker on the horizon. Rich Dad Poor Dad author Robert Kiyosaki says that other than bitcoin, the Unites States Securities and Exchange Commission is going to “crush” most cryptos with regulations. Other investors and economists such as […]

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Mexican CBDC Unlikely to Be Ready by 2024

January 8, 2023 0

The Mexican central bank digital currency (CBDC), the digital peso, is unlikely to be ready by 2024, as was announced back in 2021 by the Mexican government. In a statement, representatives from Banxico, the central bank of Mexico, stated the development of the currency was still in its initial stages, and there is still no […]

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Romania Carries Out Raids as Part of Crypto Tax Evasion Probe

January 8, 2023 0

Authorities in Romania have conducted more than a dozen raids against people suspected of hiding income from cryptocurrency operations. The searches took place in late 2022 following an earlier investigation which established that crypto traders had failed to report digital assets exceeding $50 million in value. Law Enforcement and Tax Authorities in Romania Go After […]

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Bank of France Governor Calls for Mandatory Licensing for Crypto Companies

January 8, 2023 0

France has to adopt a licensing regime for crypto service providers, the head of the country’s central bank has suggested. According to the executive, the need to tighten regulatory oversight stems from the “disorder” in the industry throughout the past year. Licensing Should Replace Registration for Crypto Firms in France, Governor Galhau Says Banque de […]

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DOJ Asks Victims of Sam Bankman-Fried’s Fraud to Come Forward

January 8, 2023 0

The U.S. Department of Justice (DOJ) has asked victims of former FTX CEO Sam Bankman-Fried (SBF)’s fraud to come forward. The former FTX executive has been charged with “defrauding customers of FTX.com, investors in FTX.com, and lenders to Alameda Research,” the Justice Department noted. DOJ Urges Victims of SBF Fraud to Come Forward The U.S. […]

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Billionaire Mark Cuban Warns of Next Crypto Implosion Coming From Wash Trades

January 8, 2023 0

Mark Cuban, a Shark Tank star and the owner of the NBA team Dallas Mavericks, has warned that the next crypto implosion could come from “the discovery and removal of wash trades” on centralized exchanges. The billionaire’s comments followed the collapse of crypto exchange FTX which wiped out billions of dollars of customer funds. Mark […]

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Former Fed Chair Alan Greenspan: Crypto Is Too Dependent on ‘Greater Fool Theory’ to Be a Desirable Investment

January 8, 2023 0

Former Federal Reserve Chairman Alan Greenspan says crypto is “too dependent on the ‘greater fool theory’ to be a desirable investment.” However, he noted that the collapse of crypto exchange FTX was “purely fraud,” rather than the result of a feature inherent to crypto. He does not expect the FTX contagion to spread far beyond […]