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Day: October 4, 2023

  1. Home
  2. 2023
  3. October
  4. 04
BIS Launches Project Atlas to Explore Crypto Assets and DeFi
  • bob
  • 2023-10-04
  • Cryptocurrency Regulations
  • Europe
  • Macro-economic Trends
  • Regulatory Developments

BIS Launches Project Atlas to Explore Crypto Assets and DeFi

The Bank for International Settlements (BIS) has launched Project Atlas, a proof of concept aimed at exploring the economic impact of crypto assets and decentralized finance. The project is a combined effort of the BIS Innovation Hub Eurosystem Centre, De Nederlandsche Bank, and the Deutsche Bundesbank. It seeks to streamline the data collection process from […]

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MEXC Ventures Invests in The Open Network, Partners with TON Foundation
  • bob
  • 2023-10-04
  • Company News
  • Cryptocurrency Innovations
  • Europe
  • Investment Insights

MEXC Ventures Invests in The Open Network, Partners with TON Foundation

MEXC Ventures, a subsidiary of MEXC’s global cryptocurrency exchange MEXC, has announced a significant investment in The Open Network (TON), the largest layer-1 investment the firm has ever made. This investment works alongside a strategic partnership with The Open Network (TON) Foundation. This symbiotic partnership represents the shared vision of both companies in promoting global […]

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Cryptocurrency Wallets Targeted in DOJ Crackdown on Illicit Drug Trade
  • bob
  • 2023-10-04
  • Cryptocurrency Regulations
  • Government Policies and Cryptocurrency Adoption
  • North America
  • Regulatory Developments

Cryptocurrency Wallets Targeted in DOJ Crackdown on Illicit Drug Trade

The Department of Justice (DOJ) has recently unsealed eight indictments in a significant move against the illicit production and distribution of fentanyl and methamphetamine. The indictments also encompassed crimes associated with the sale of precursor chemicals, revealing the multifaceted nature of the illegal drug trade. Cryptocurrency has become a key facilitator for these criminals, allowing […]

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Former FTX CEO Sam Bankman-Fried on Trial: Witnesses Testify
  • bob
  • 2023-10-04
  • Company News
  • Cryptocurrency Exchanges
  • Europe
  • Regulatory Developments

Former FTX CEO Sam Bankman-Fried on Trial: Witnesses Testify

Former FTX CEO Sam Bankman-Fried, also known as SBF, is facing criminal charges in a trial that began on October 4th. The prosecution has called witnesses, including a London-based cocoa broker named Marc-Antoine Julliard, who spoke of learning about the crypto exchange from a friend and seeing advertisements for the firm by Gisele Bündchen. Julliard […]

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Solana Token Faces Bearish Outlook as FTX Liquidation Looms
  • bob
  • 2023-10-04
  • Cryptocurrency Exchanges
  • Macro-economic Trends
  • Market Analysis and Predictions
  • North America

Solana Token Faces Bearish Outlook as FTX Liquidation Looms

Solana token SOL has dropped 8% since October 1, reaching $22.8 in the New York hours of October 4. Technical analysis of the daily and weekly charts, as well as macroeconomic conditions, suggest a bearish continuation for Solana in Q4.The coin has been charting within a technical pattern called the “rising triangle”, with a flat […]

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TMX Group to Launch Bitcoin Futures Contracts on Derivatives Platform
  • bob
  • 2023-10-04
  • Cryptocurrency Innovations
  • Investment Insights
  • Market Updates
  • North America

TMX Group to Launch Bitcoin Futures Contracts on Derivatives Platform

TMX Group, the largest exchange in Canada, is set to launch Bitcoin (BTC) futures contracts on its derivatives trading platform, Montréal Exchange (MX). The move is in response to the growing market demand for digital cryptocurrency asset classes. The Bitcoin Price Index Futures will enable investors to hedge exposure to Bitcoin spot trading and explore […]

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MEXC Ventures Invests in The Open Network, Partners with TON Foundation
  • bob
  • 2023-10-04
  • Company News
  • Cryptocurrency Exchanges
  • Investment Insights
  • Mergers and Acquisitions (M&A)
  • World

MEXC Ventures Invests in The Open Network, Partners with TON Foundation

MEXC Ventures, a subsidiary of MEXC’s global cryptocurrency exchange MEXC, has announced a significant investment in The Open Network, the largest layer-1 investment the firm has ever made. This investment works alongside a strategic partnership with The Open Network (TON) Foundation, which is dedicated to transforming TON into an accessible platform as a simple gateway […]

Read More
Celsius Network to Repay Creditors with $2 Billion in Crypto Assets
  • bob
  • 2023-10-04
  • Company News
  • Cryptocurrency Regulations
  • Market Analysis and Predictions
  • North America

Celsius Network to Repay Creditors with $2 Billion in Crypto Assets

Celsius Network, a bankrupt digital asset lender, has presented a restructuring plan in a US bankruptcy court filing that will generate funds for a new corporate spinoff, dubbed “NewCo”, and repay customers. The plan provides for a distribution of at least $2.03 billion of cryptocurrency to creditors, subject to fluctuations in the cryptocurrency market. NewCo […]

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Elon Musk Reignites Criticism of Fiat Currency as a “Scam
  • bob
  • 2023-10-04
  • Cryptocurrency Innovations
  • Financial Scams and Security
  • Market Analysis and Predictions
  • World

Elon Musk Reignites Criticism of Fiat Currency as a “Scam

Elon Musk, founder and CEO of Tesla and SpaceX, recently expressed his criticism of fiat currencies by calling them an “scam” on Twitter. Musk has previously voiced his support for cryptocurrency, stating that “the true battle is between fiat & crypto” and that he “supports the latter.” His own social media platform X plans to […]

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Exchange Founder Diverted Funds for Luxuries, Political Donations
  • bob
  • 2023-10-04
  • Cryptocurrency Exchanges
  • Financial Scams and Security
  • Government Policies and Cryptocurrency Adoption
  • North America

Exchange Founder Diverted Funds for Luxuries, Political Donations

The FTX app and its terms of service promised customers that their money was being kept safe, as if it were in their own possession. However, according to Rehn, the money was actually diverted to a smaller, secretive company called Alameda Research, and was used to purchase luxuries for Bankman-Fried, his friends, and family members. […]

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