Business News
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Celebrities face class action lawsuit for the promotion of FTX
NFL quarterback Tom Brady, Supermodel Giselle Bundchen, NBA Legend Shaquille O’Neal, famous comedian Larry David, this is just the beginning…
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El Salvador’s president wants to buy one BTC every day
El Salvador was the first nation to adopt Bitcoin as a legal tender in September 2021, when it was still…
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Crypto Lender/Broker Genesis halts customer withdrawals for different programs
The FTX collapse made yet another casualty. Genesis Trading, the largest prime broker and lender in the cryptocurrency space, had…
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Did Gary Gensler help SBF and FTX ?
The crypto community is once again targeting SEC’s Chairman Gary Gensler. Recent tweet from crypto-friendly senator Tom Emmer suggested Mr.…
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Binance receives final regulatory approval to operate in Abu Dhabi
After securing approval from Dubai regulators in September 2022, and following the in-principle approval from Abu Dhabi’s Global Market in…
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Sam Bankman-Fried is reportedly selling his assets, including his $39.5 million penthouse
Sam Bankman-Fried had his penthouse in Nassau, Bahamas, listed for sale for an impressive $39.5 million. The luxurious 12,000 square…
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$8 billion flowed out of exchanges in the last 7 days
Ever since the FTX debacle started, large quantities of BTC, ETH and stablecoins have been withdrawn from exchanges. The recent…
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Was Alameda Research buying token before their FTX listing ?
A report by Argus, a Fintech compliance & regulation company, relayed by the Wall Street Journal reveals that FTX’s sister…
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The Bahamas Police Force is investigating FTX for any criminal misconduct
The Royal Bahamas Police Force announced on Sunday that they are launching an investigation into the collapse of FTX, looking…
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Crypto.com reveals about $2.4 billion in reserves, mostly in BTC, SHIB and ETH
As crypto exchanges have been encouraged to share their reserves in an effort to improve customer trust and transparency, Crypto.com…
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Exchange Crypto.com sends $400 million in ETH by mistake to an address on Gate.io instead of cold wallet
A few days before revealing their reserves, Crypto.com sent by mistake about 285,000 ETH, worth over $347 million to Gate.io,…
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Over $650 million were ‘hacked’ from FTX, Crypto Twitter says it’s an inside job
After the bankruptcy filing, over $650 million were withdrawn from the exchange in a hack. Theories appeared then on Twitter,…
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Miami Dade County terminates the $135-million FTX Arena naming rights deal
FTX spent millions of dollars in sports sponsorships in recent years. The most famous one was over the naming rights…
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Binance is creating an emergency fund to help “strong” projects experiencing liquidity issues
In a tweet this morning, Binance CEO Changpeng Zhao declared that the exchange is creating an emergency fund in order…
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Binance reveals having $40 billion in stablecoin in its cold wallets
The need for trust and transparency has been made ever more important. Binance revealed on its website a list of…
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Ark Invest buys more Coinbase shares
On Nov. 9, Ark Invest increased its Coinbase holdings by purchasing $12.1 million worth of shares. The investment firm has…
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FTX files for Chapter 11 Bankruptcy as SBF resigns
FTX just posted an official statement saying they are filing for Chapter 11 bankruptcy More than 130 companies in FTX…
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Tron’s founder shows support to FTX on Twitter after Binance backs out of his acquisition deal
Justin Sun took to Twitter yesterday evening to show his support to Tron token (#trx, #btt, #jst, #sun, #ht) holders…
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Sam Bankman Fried diverted customer funds from FTX to Alameda
According to an earlier report from Reuters, Sam Bankman Fried used $4 billion in FTX funds in order to recoup…
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As a result of corporate due diligence, Binance will not acquire FTX
Binance had signed a non-binding Letter of Intention for the acquisition of FTX on Tuesday, saying they would do a…
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Binance agrees to acquire centralized exchange FTX
After the massive drop of liquidity caused by the reports, rumors and news around FTX and Alameda Research, Binance released…
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META set to lay off about 13% of his workforce
After Twitter, it’s Meta’s turn to lay off employees. Meta faces many challenges, partly because of its pivot into Web3…
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Sam Bankman-Fried loses 94% of his fortune
Last year, Sam Bankman-Fried was the world’s richest 29-year-old, with a fortune that was estimated at $22.5 billion. The recent…
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FTX token drops a record 31% in 24 hours, halts withdrawals
Following Binance’s declarations, FTX Token saw its price drop to $15.37 at the time of writing, a 31% drop in…
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Polygon network reaches 188 million unique adresses
The Ethereum scaling platform has recorded a lot of interest lately, from entities of Instagram (Meta) and JPMorgan. According to…
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Circle is set to launch its own stablecoin EUROC on Solana in early 2023
After XRPLedger integrated Stasis’ euro stablecoin EURS last week, the issuer of the second largest dollar-backed stablecoin announced at Solana…
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Binance wants to liquidate $500 million of its FTT holdings
Amid rumors of insolvability for FTX’s sister-company Alameda Research, which according to a recent report holds mostly FTT tokens in…
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Crypto.com is the official sponsor for the FIFA World Cup Qatar 2022
Crypto.com is the official sponsor of the FIFA World Cup Qatar 2022, happening from Nov. 20 to Dec. 18. This…
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Hong Kong intends to become a blockchain hub of the world by allowing retail crypto trading
Along Singapore and Dubai, Hong Kong has attracted a lot of attention from crypto entrepreneurs. The government is now planning…
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Coinbase reports $545 million losses in Q3
Market conditions have not been favorable to investors in the past few months. Many may have switched to other exchanges…
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Do Kwon could be hiding in Europe, according to prosecutors
South Korean prosecutors alleged that Do Kwon could now be illegally residing in Europe, after his passport has been revoked…
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