Author: e_cash_top
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Binance assists Royal Thai Police in massive crypto scam crackdown, leading to recovery of over $270M
[ad_1] Binance, the world’s leading blockchain ecosystem and digital asset infrastructure provider, recently assisted the Royal Thai Police in two primary operations to dismantle criminal networks engaged in crypto scams. According to a Binance blog post, these significant enforcement actions, marked by the arrest of principal members and substantial asset seizures, underline Binance’s commitment to…
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Lawsuit accuses Binance and CEO of unfairly triggering collapse of competitor FTX
[ad_1] A class action lawsuit was filed on Oct. 2 in California federal court accusing cryptocurrency exchange Binance and its CEO Changpeng Zhao (CZ) of unfair competition and manipulating the market to trigger the downfall of rival exchange FTX. The lawsuit was filed by an FTX user who lost assets when FTX collapsed and filed…
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Lawyers file last ditch requests to judge including barring Ukrainian testimony
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The Trial of Sam Bankman-Fried: Key Points to Understand
[ad_1] Sam Bankman-Fried, often referred to as SBF, is about to face one of the most significant legal battles in the crypto industry. Less than a year ago, SBF was a renowned figure in the crypto industry, leading the celebrity-endorsed cryptocurrency exchange FTX. With an impeccable academic record from MIT and a promise to philanthropically…
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Celsius lawyer says revival plans include $450M in seed funding
[ad_1] Bankrupt crypto lending firm Celsius has found a way to fund its proposed relaunch, according to reports from Bloomberg on Oct. 2. Christopher S. Koenig, a lawyer for Celsius, said during bankruptcy proceedings that the company intends to exit bankruptcy with $450 million in seed funding. That funding will come from Fahrenheit LLC, a…
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CFTC Chair Rostin Behnam disagrees with Gary Gensler on the state of digital asset regulation
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Ethereum futures ETFs launch with modest first day of trading
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Jamie Dimon praises AI tech, saying JP Morgan could use it in ‘every single process’
[ad_1] Jamie Dimon, the CEO of JP Morgan Chase, praised various applications for artificial intelligence (AI) in an interview with Bloomberg on Oct. 2. Dimon called AI a “living, breathing thing” that can adapt to multiple multiple areas. He said that JP Morgan could use AI in “every single process,” stating: “So errors, trading, hedging,…
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Bitcoin solidly above short-term holder cost basis reflecting strong investor confidence
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IMF paper proposes risk assessment framework for integrating crypto into financial system
[ad_1] The rapid growth of the crypto asset industry in recent years has sparked heightened concerns about potential risks to financial stability, according to a new working paper released by the International Monetary Fund (IMF). The IMF research follows multiple failures in the crypto space, including the collapse of TerraUSD and FTX, which have led…