Cryptocurrency

Robinhood Subpoenaed by SEC Over Cryptocurrency

Robinhood said it was subpoenaed by the Securities and Exchange Commission as the regulator investigates the firm’s cryptocurrency business.

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Bitcoin Price Jump

Bitcoin started the year with a bang as the cryptocurrency surprised investors with a 23% rise to $21,000 in January.

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FTX Lawyers Report $5 Billion in Recovered Assets

FTX has reportedly recovered over $5 billion worth of liquid assets, according to attorneys involved in the bankruptcy court proceedings during a recent hearing.

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House of Coins: The Collapse of FTX Bankruptcy, Fraud, Toxic Culture, Missing Billions, Criminal Charges - Everything You Need to Know

Nearly two months after the infamous Coindesk article went viral raising questions regarding the health of FTX, former FTX CEO “SBF” Sam Bankman-Fried has pleaded not guilty in Manhattan’s southern district of New York to the allegations of fraud, securities fraud, money laundering, and the related conspiracy charges. Amid these damning revelations around the collapse of the $32 billion crypto exchange juggernaut and billions missing in customer money the media dumped an onslaught of scattershot speculation, obfuscation, and straight-up puff pieces in clearly biased efforts to provide damage control for the embattled founder that the media previously exalted as a wunderkind and the next Warren Buffet.

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Binance US Buys Crypto Lender Voyager Assets

The U.S. arm of Binance, the world’s largest cryptocurrency exchange by trading volume, has agreed to buy the assets of bankrupt crypto lender Voyager Digital.

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Former FTX CEO’s Growing Legal Troubles

Former FTX CEO Sam Bankman-Fried told a Bahamas judge on Tuesday that he was not waiving his right to fight extradition to the U.S. The former crypto executive appeared in a Nassau, Bahamas courtroom on Tuesday morning to face an extradition order from the U.S. on federal charges of wire fraud, conspiracy, and other allegations.

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$9 Billion Crypto SPAC Falls Through

A Crypto group known as Circle has ceased to move forward with plans to go public through a SPAC deal that was valued as high as $9 billion.

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BlockFi Falls

BlockFi has filed for Chapter 11 bankruptcy today making it the second crypto exchange to fall since FTX filed for bankruptcy on November 11.

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Binance Hack

Hackers have struck again but this time their target was the world’s largest crypto exchange, Binance.

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Crypto Meets Commercial Trading

Despite the continued underperformance of cryptocurrencies some big-name asset managers are beginning to seek new ways of reigniting investor interest in this volatile market.

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SEC Nails Crypto Scam

The Securities and Exchange Commission has charged 11 people in an alleged $300mn crypto pyramid scheme, highlighting how authorities are ramping up their enforcement in digital asset markets.

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Yuga Sells $300 Million Worth of NFTs

Yuga Labs, the creators of Bored Ape Yacht Club, began selling off virtual land plots for the metaverse which has been valued at a total of $300 million making it the largest NFT launch to date

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Congress Looks to Stablecoin for Crypto Regulation Answers

The question of what to do about the volatility of the crypto market remains to be one that Washington can’t seem to agree on. Recent discussion of the issue has led congress and the Biden administration to put their focus towards Stablecoin

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Sequoia Bets on Magic Eden to Dethrone OpenSea

OpenSea is currently the leading ecosystem of nonfungible tokens. People buying or selling NFTs, the keys to owning digital assets, most frequently do so on OpenSea. It has 43% of the market, with $23.3 billion in total sales, according to an analysis of data from the research firm DappRadar. But OpenSea has a weakness, said Shaun Maguire, a partner at Sequoia Capital: It mainly relies on a less efficient blockchain, Ethereum

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Stranger Than Fiction: $4.5 Billion in Bitcoin and the Millennial Bonnie and Clyde

The Department of Justice today is taking a victory lap on its largest-ever financial seizure of $3.6 Billion in Bitcoin the proceeds of the 2016 Bitfinex Crypto Exchange hack, the assets at the time were valued at $71 million. Arrested were the eccentric Ilya “Dutch” Lichtenstein, 34, and his wife, the rapping “crocodile of Wall Street” Heather Rhiannon Morgan, 31, are standing accused of helping to launder $4.5 Billion — 119,754 Bitcoin pilfered from Bitfinex

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Polygon Sells Crypto Tokens to Sequoia for $450 Million

Polygon, which is most known for its protocol that allows for Ethereum transactions to be quicker and cheaper, has sold its crypto token, Metic, to Sequoia Capital for $450 million

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Binance Creates $1 Billion Insurance Fund

Binance has built up a $1 billion insurance fund for its users amid a barrage of hacks on cryptocurrency trading platforms, according to a memo

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Bankman-Fried's FTX Valued at $32 Billion

Crypto exchange FTX has been valued at $32 billion in a new funding round announced on Monday, as high profile investors continue to pile into the sector. Existing investors including SoftBank and Canada’s Ontario Teachers’ Pension Plan were among those that participated in a new $400m investment round for the Bermuda-based group, the third time FTX has gained new funds within six months

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BitMart Hacked

Crypto exchange BitMart experienced a security breach that resulted in hackers successfully extracting $196 million worth of cryptocurrencies from users of the service

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SEC Punts Coinbase's Lending Ambitions

Coinbase has caved to pressure from the SEC and tabled it’s plans to launch a product that would pay Coinbase users’ interest for lending out their tokens.The decision to shelve its Lending product, which the company announced quietly in a blog post on Friday, comes after the Securities and Exchange Commission threatened to sue if it moved ahead

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As El Salvador Adopts Bitcoin as National Currency Bitcoin Tanks

The Central American country of El Salvador made a tremendous change to its economy on Tuesday as it has become the first country in the world to accept Bitcoin as a legal tender. This means that citizens of El Salvador can use Bitcoin to purchase just about any commodity that would otherwise require a U.S. dollar after the nation adopted the U.S. dollar as its national currency in 2001

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The PolyHack

Ever hear of bank robbers pulling off a successful heist then subsequently deciding to return the money? Yeah, neither have we. Tuesday “hackers perpetrated what is likely the biggest theft ever in the world of decentralized finance, stealing about $600 million in cryptocurrency from a protocol known as PolyNetwork that lets users swap tokens across multiple blockchains.”

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The Banning of Binance

The crackdown on cryptocurrency is spreading across the world as regulations and restrictions on cryptocurrency trading began largely in China and have traveled over to the U.K.

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PRC Continues Crypto Crackdown

China is furthering its fight against Cryptocurrencies by attempting to eliminate all trading and mining throughout the country. On Monday, June 21, China gathered officials from banks across the country to enforce their ban on these banks providing cryptocurrency services to their customers. Chinese banks are also prohibited from allowing any form of cryptocurrency transactions through the bank

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What May Be Driving The Crypto Bear Market

China’s efforts to restrain cryptocurrency trading and mining are potentially driving wild volatility in bitcoin and other markets. Already down hard from records set this year, bitcoin and other digital currencies sold off last week after Chinese authorities renewed pressure on the country’s banks and payment companies to curb cryptocurrency-related transactions. Markets stumbled again after a powerful super-regulator chaired by Vice Premier Liu He pledged to crack down on cryptocurrency mining and trading

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Tesla Bets Big On Bitcoin

02.08.21 - Tesla is placing a big bet on bitcoin, stating that the company may soon accept the digital currency as payment for its cars, and stated further that it is now holding some of its money in bitcoin as opposed to traditional currencies

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Bitcoin Jumps to Record High

11.30.20 - Bitcoin just hit another milestone as the cryptocurrency surged 9% overall to a new all-time high of about $19,860 on Monday, just breaking the previous peak of $19,783 from December 2017

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