kingfabiii
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bob wrote a new post
11 months agoInconsistent Approach to Bitcoin ETF Applications Raises Regulatory Concerns
Over the past two years, Elizabeth Stark and her team at Lightning Labs have made significant strides in growing the Lightning Network. They have achieved a remarkable 1,200% increase in routed transactions,…
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bob wrote a new post
11 months agoFormer Binance CEO Changpeng Zhao's Wealth Surges by $24 Billion Despite Legal Troubles
Changpeng Zhao, the former CEO of Binance, has experienced a significant increase in his personal wealth despite facing legal troubles. His net worth has climbed by an impressive $24 billion this year, securing him…
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bob wrote a new post
11 months agoTelcoin Wallet Hack Results in $1 Million Loss and TEL Token Crash
Telcoin, a decentralized finance platform (DeFi), has suffered a hack in its mobile wallet application, resulting in a loss of over $1 million in cryptocurrencies. The incident, which was first reported by security…
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11 months agoJapan to Introduce Tax Relief for Companies Holding Crypto Assets
Japan is set to approve a revision to its taxation law that will provide tax relief for companies holding cryptocurrency on their books. The reforms, if approved, will come into effect in the 2024 fiscal year. The…
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bob wrote a new post
11 months agoJapan to Introduce Tax Relief for Companies Holding Crypto Assets
Japan is set to approve a revision to its taxation law that will provide tax relief for companies holding cryptocurrency on their books. The reforms, if approved, will come into effect in the 2024 fiscal year. The…
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bob wrote a new post
11 months, 1 week agoTether Mints $1 Billion in USDT to Replenish Inventory, Raises Transparency Concerns
Tether, a major stablecoin issuer, has minted an additional $1 billion of its USDT stablecoin on the Ethereum blockchain. This move is aimed at replenishing its inventory in anticipation of a surge in demand. The…
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11 months, 1 week agoCrypto Industry Titans Face Potential Prison Sentences in US
Several prominent figures in the cryptocurrency industry are currently facing criminal charges in the United States. These individuals, who were once considered titans of the industry, are now potentially facing…
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bob wrote a new post
11 months, 1 week agoGrayscale Announces Board Reshuffle as Barry Silbert Steps Down as Chairman
Key figures at Grayscale, including chairman Barry Silbert and Mark Murphy, president of its parent company Digital Currency Group (DCG), will step down from their board positions effective Jan. 1, 2024, according…
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11 months, 1 week agoCoinbase's Base Revolutionizes Ethereum with Innovative Layer-2 Network
American crypto exchange Coinbase has recently introduced Base, its Ethereum layer-2 network, which positions the company as a fundamental layer for decentralized commerce and activity. Base, built on the Ethereum…
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bob wrote a new post
11 months, 1 week agoTether Mints $1 Billion USDT as Inventory Replenishment on Ethereum Blockchain
Tether, the operator of the world’s largest stablecoin, has recently minted another billion USDT. This transaction, however, is authorized but not yet issued. Tether CEO Paolo Ardoino clarified that this amount w…
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bob wrote a new post
11 months, 1 week agoTether Mints $1 Billion USDT as Inventory Replenishment on Ethereum Blockchain
Tether, the operator of the world’s largest stablecoin, has recently minted another billion USDT. This transaction, however, is authorized but not yet issued. Tether CEO Paolo Ardoino clarified that this amount w…
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bob wrote a new post
11 months, 1 week agoBitcoin Network Surpasses Solana in Sales Volume, Boosted by Ordinals Transactions
In 2023, the world of nonfungible tokens (NFTs) experienced significant developments and challenges. Despite criticism, NFTs remained a vibrant part of the market, with sales reaching over $1.5 billion in the last…
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bob wrote a new post
11 months, 1 week agoChallenges Faced by NFT Marketplaces: Losses for Creators Due to Optional Royalties
In a recent development, Stoner Cats 2 (SC2), the creators of the popular Stoner Cats animated series, have been charged by the Securities and Exchange Commission (SEC) for conducting an unregistered offering of…
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11 months, 1 week agoMt. Gox Creditors Finally Receiving Repayments After a Decade of Insolvency
After a decade of insolvency, Mt. Gox cryptocurrency exchange creditors are finally receiving payments for their claims. Recent speculation on the mtgoxinsolvency Reddit page suggests that users affected by the…
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bob wrote a new post
11 months, 1 week agoPotential Ripple-SEC Settlement Hinges on Outcome of Coinbase Case
The legal battle between Ripple Labs, Inc. and the U.S. Securities and Exchange Commission (SEC) has attracted significant attention in the crypto community. Attorney John Deaton, founder of Crypto Law, recently…
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11 months, 1 week agoJudge Rejects Request to Delay Sentencing for Former FTX CEO
Judge Lewis Kaplan has rejected a request from SBF lawyers to delay the sentencing hearing for former FTX CEO, Sam Bankman-Fried. The request, made on December 20th, sought to adjourn the hearing by four to six…
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bob wrote a new post
11 months, 1 week agoEl Salvador Introduces Bitcoin Citizenship Law for Foreigners
The Legislative Assembly of El Salvador has passed a migration law that allows foreigners to obtain expedited citizenship by making Bitcoin donations to government programs. The law, which emphasizes support for…
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bob wrote a new post
11 months, 1 week agoRipple vs SEC Lawsuit Enters Remedies Stage: Key Dates and Potential Implications Revealed
After three years of legal battles, the Ripple vs SEC lawsuit is entering its next phase in 2024. The focus now shifts to the remedies stage, with several key dates to mark in the calendar.On February 12, 2024, the…
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bob wrote a new post
11 months, 1 week agoJapan's Cabinet Proposes Tax Breaks for Unrealized Crypto Gains
Japan’s Cabinet has approved a proposal to eliminate corporate tax on unrealized cryptocurrency gains, potentially revolutionizing the crypto landscape in the country. If this proposal becomes law, it would mean t…
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bob wrote a new post
11 months, 1 week agoUBS Tops Global Job-Cut Rankings in 2023
The UBS, a Swiss bank, is set to make significant job cuts and early retirements starting from January. This development has raised concerns in the financial sector as the year comes to an end. According to a…
