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Day: November 6, 2023

  1. Home
  2. 2023
  3. November
  4. 06
Crypto Lawyer Predicts Major Legal Victory for Ripple in SEC Lawsuit
  • bob
  • 2023-11-06
  • Company News
  • Cryptocurrency Regulations
  • North America
  • Regulatory Developments

Crypto Lawyer Predicts Major Legal Victory for Ripple in SEC Lawsuit

John Deaton, a prominent crypto lawyer and founder of Crypto Law, has shared his opinion on the ongoing lawsuit between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). According to Deaton, a settlement of $20 million or less in the lawsuit would be a 99.9% legal victory for Ripple. He argues that those […]

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FTX Founder Found Guilty of Embezzling $8 Billion in Customer Funds
  • bob
  • 2023-11-06
  • Cryptocurrency Exchanges
  • Financial Scams and Security
  • Government Policies and Cryptocurrency Adoption
  • North America

FTX Founder Found Guilty of Embezzling $8 Billion in Customer Funds

Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, has been convicted on seven charges in New York. The jury found him guilty of embezzling $8 billion from customers, using the funds for speculative investments and an extravagant lifestyle. The verdict, delivered on multiple counts, highlights Bankman-Fried’s greed and deception. His defense of being a humble […]

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FTX Collapse Exposes Bitcoin Guru Sam Bankman-Fried’s Guilt
  • bob
  • 2023-11-06
  • Cryptocurrency Exchanges
  • Cryptocurrency Regulations
  • Financial Scams and Security
  • World

FTX Collapse Exposes Bitcoin Guru Sam Bankman-Fried’s Guilt

The recent downfall of Sam Bankman-Fried and his cryptocurrency exchange FTX has had a significant impact on the industry. Bankman-Fried, the former CEO of FTX, has been found guilty of fraud and faces a potential prison sentence of up to 115 years. The evidence against him was overwhelming, with three of his closest employees testifying […]

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Strategic Decumulation: Maximizing Retirement Savings While Maintaining Financial Security
  • bob
  • 2023-11-06
  • Europe

Strategic Decumulation: Maximizing Retirement Savings While Maintaining Financial Security

In the third phase of life, many people face challenges in various aspects, including finances. Retirement brings about a significant shift in social connections and daily routines, which can be difficult to navigate. Additionally, financial concerns become more pressing as individuals must consider how to effectively manage their savings and investments. Questions arise, such as […]

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Exploring the Potential of Central Bank Digital Currencies: Project Sela Pioneers Advanced CBDC Ecosystem
  • bob
  • 2023-11-06
  • Asia
  • Central Bank Actions
  • Cryptocurrency Innovations
  • Fintech and Blockchain Startups

Exploring the Potential of Central Bank Digital Currencies: Project Sela Pioneers Advanced CBDC Ecosystem

In a groundbreaking collaboration, the Hong Kong Monetary Authority (HKMA), the Bank for International Settlements (BIS) Hong Kong Centre, and the Bank of Israel (BOI) have joined forces to explore the potential of Central Bank Digital Currencies (CBDC). This initiative, known as “Project Sela,” aims to create an advanced CBDC ecosystem that prioritizes privacy, security, […]

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JPMorgan’s Digital Token, JPM Coin, Hits $1 Billion Daily Transaction Milestone
  • bob
  • 2023-11-06
  • Company News
  • Cryptocurrency Innovations
  • Fintech and Blockchain Startups
  • North America

JPMorgan’s Digital Token, JPM Coin, Hits $1 Billion Daily Transaction Milestone

JPMorgan Chase & Co. has achieved a significant milestone in its blockchain initiative with its digital token, JPM Coin, now processing $1 billion worth of transactions daily. The coin, which operates on Quorum, a private blockchain developed by the bank, enables instant payments between clients with accounts at JPMorgan. Each JPM Coin is pegged 1:1 […]

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Lawmakers Call for Charges Against Binance and Tether Over Alleged Terrorist Financing
  • bob
  • 2023-11-06
  • Cryptocurrency Exchanges
  • Financial Scams and Security
  • Government Policies and Cryptocurrency Adoption
  • Middle East

Lawmakers Call for Charges Against Binance and Tether Over Alleged Terrorist Financing

US lawmakers are calling on the Department of Justice (DOJ) to take action against major cryptocurrency companies Binance and Tether. They allege that these companies have facilitated illicit financial activities, including funding for the terrorist group Hamas. Senator Cynthia Lummis and Representative French Hill have sent a letter to Attorney General Merrick Garland, citing media […]

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Coinbase Launches Regulated Crypto Futures Trading for US Retail Investors
  • bob
  • 2023-11-06
  • Cryptocurrency Exchanges
  • Investment Insights
  • North America
  • Regulatory Developments

Coinbase Launches Regulated Crypto Futures Trading for US Retail Investors

Coinbase Financial Markets, the regulated derivatives division of Coinbase, has introduced regulated crypto futures trading for retail investors in the US. This move allows eligible US customers on the Coinbase Advanced platform to trade Bitcoin and Ethereum futures contracts. The company received regulatory approval in August to offer crypto derivatives to retail traders. By offering […]

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PayPal Faces SEC Subpoena Over PYUSD Stablecoin in Regulatory Crackdown
  • bob
  • 2023-11-06
  • Company News
  • Cryptocurrency Innovations
  • North America
  • Regulatory Developments

PayPal Faces SEC Subpoena Over PYUSD Stablecoin in Regulatory Crackdown

PayPal, the global payments firm, has received a subpoena from the US Securities and Exchange Commission (SEC) regarding its PYUSD stablecoin. The subpoena requests the production of documents, and PayPal has stated that it is cooperating with the SEC in connection with this request. This comes as regulatory scrutiny around stablecoins increases, with Circle, the […]

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National Bank of Georgia Partners with Ripple for Central Bank Digital Currency Pilot
  • bob
  • 2023-11-06
  • Central Bank Actions
  • Company News
  • Cryptocurrency Innovations
  • Europe

National Bank of Georgia Partners with Ripple for Central Bank Digital Currency Pilot

The National Bank of Georgia (NBG) has partnered with Ripple to launch a pilot program for a central bank digital currency (CBDC) called the Digital Lari. Ripple’s CBDC platform, built on a private version of the XRP ledger, will enable the NBG to mint, manage, and redeem CBDCs in a flexible and scalable manner. The […]

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