Category: Crypto News
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The Netherlands tops the list in a new study as the country best prepared for the metaverse
Metaverse and digital reality experiences are for consumers whether they are ready or not. But some parts of the world are technologically more ready to embrace a digital future. A new study by Uswitch, an internet and phone services researcher, looked at a combination of fixed broadband speeds, prices of broadband plans, the number of…
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FTX co-CEO sued Sam Bankman-Fried days before the company went bankrupt
The FTX scandal writes new chapters every hour. Police this week arrested Sam Bankman-Fried in the Bahamas, where they hope to be extradited to the United States, on charges of fraud and conspiracy. And to spice things up further, we are told that Ryan Salame, co-CEO of the Bahamas branch, alerted authorities to the illegal…
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John J. Ray III: ‘FTX Engaged in Old-Fashioned Embezzlement’
FTX CEO John J. Ray III believes the Sam Bankman-Fried crypto scam was old-fashioned embezzlement. FTX’s new chief executive, John J. Ray III, a restructuring specialist who handled the liquidation of Enron Corp, one of the largest bankruptcies in history, said FTX was engaged in “old-fashioned embezzlement”. “It’s really old-fashioned embezzlement. It’s just taking customers’…
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What price will bitcoin reach in 2023?
Econometrics offers two scenarios If bitcoin has already bottomed out, its price in 2023 would be between $27,000 and $33,000, according to Ecoinometrics. Emphasizes:If the bottom hasn’t been hit yet, the price range is much more modest.Forecasts are based on previous bearish periods. The research firm Ecoinometrics published an analysis on Monday, December 12 in…
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The Justice Department intends to indict Binance for money laundering
In the midst of the crisis, the world’s largest stock exchange has managed to emerge unscathed from almost every bad market situation. Since 2018, however, the shadow of a legal investigation by the US Department of Justice has haunted Binance. Currently, the Justice Department is considering charging Binance with money laundering. The Justice Department is…
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Chinese authorities have arrested a gang who allegedly “laundered” money using cryptocurrency
According to Chinese authorities, a gang has used cryptocurrencies to “launder money”. The net flow exceeded 12 billion yuan. Chinese authorities recently arrested around 63 people suspected of laundering money using cryptocurrency. It is estimated that nearly 12 billion yuan (about $1.7 billion) has passed through various connected accounts in the cryptocurrency market. This comes…
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Binance Crypto Market Tests After Temporarily Restricting USDC Withdrawals
Binance, the largest cryptocurrency exchange in the world, has seen the largest customer withdrawal in the past few hours. Some news reports and the temporary restriction on USDC withdrawals had worried users. The specter of FTX and many other centralized cryptocurrencies seemed to have hovered over Binance earlier this week. It is that between Monday…
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Bitcoin may finally bottom out, says Arthur Hayes
The former head of crypto derivatives platform BitMEX, Arthur Hayes, believes Bitcoin prices may have bottomed out. Famous American businessman Arthur Hayes and former CEO of the crypto derivatives platform “BitMEX” believes that the worst may be over for Bitcoin. In fact, the “biggest and most irresponsible parties” don’t have any more BTC to sell.…
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The founder of the cryptocurrency platform FTX, detained in the Bahamas
Sam Bankman-Fried will be charged in New York with at least 4 counts, including fraud and money laundering. The founder of the ill-fated cryptocurrency platform FTX, Sam Bankman-Fried, arrested in the Bahamas, will be indicted by the New York District Attorney’s Office on charges of wire fraud, securities fraud, securities fraud conspiracy and money laundering, The New York Times announced this Tuesday.…
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The WhiteBIT cryptocurrency company, FC Barcelona new business partner
FC Barcelona and WhiteBIT have signed a new global sponsorship agreement through which the cryptocurrency company will become an official partner of the Barça entity for three seasons, until June 30, 2025. This association, as explained by the club, “promotes Barça’s commercial strategy, with the aim of consolidating international expansion and continuing to be a benchmark both on and…
