Month: May 2023
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Binance Founder Reportedly Plans Partial Exit From U.S. Subsidiary!
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The U.S. subsidiary of the world’s largest crypto exchange, Binance wants to reduce regulatory pressure with a change in ownership structure, according to a media report. Company founder and majority shareholder Changpeng Zhao is planning a partial exit from Binance.US, news portal The Information reported, citing insiders.
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Still Trusted? Crypto Exchange Binance Failed Twice Within 24 Hours!
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The crypto industry has been in panic mode since the collapse of Terra-Luna, Voyager Digital, and FTX. In this respect, Binance’s latest payout problems have caused a panic surge. On Sunday and Monday, Binance had to interrupt the transfer of Bitcoin for about two hours each.
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Sam Bankman-Fried Demands The Dismissal Of The Lawsuit!
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The FTX founder is accused by the U.S. Department of Justice (DOJ) of fraud, money laundering, and embezzlement. Now Sam Bankman-Fried is calling for the charges against him to be dropped.
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Meet Entrepreneur Jo Ann Barefoot!
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Jo Ann Barefoot (LinkedIn) wants financial regulation to keep pace with the evolution of technology, which means using innovative technology needs updated regulation around this technology.
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Crypto Trading AIs: The New Way Of Investing?
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Crypto trading AIs are programs designed to analyze the crypto market and automatically make trading decisions based on the algorithm’s recommendation. They use machine-learning and deep-learning algorithms to analyze large amounts of financial data and news and build predictive models for the cryptocurrency market.
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Struggling Swiss Fund Operator GAM Loses Independence!
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After years of struggling against cash outflows and another year of weak business figures, the Swiss fund company GAM is losing its independence. The British Liontrust Asset Management will take it over. Liontrust is offering 107 million francs in its shares for GAM, the two companies said Thursday. GAM’s board…
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FBI And Ukraine Seize Nine Exchange Domains For Money Laundering!
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On 25 April 2023, nine crypto currency exchanges alleged to have aided cybercriminals were seized by the U.S. Federal Bureau of Investigation (FBI) and Ukrainian law enforcement agencies. Authorities alleged that these exchanges enabled cybercriminals to evade anti-money laundering laws.
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Bitcoin Mining Chip From Twitter Co-Founder Jack Dorsey Enters Prototype Stage!
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Block’s Bitcoin mining chip will make Bitcoin mining easily accessible for individual miners and crypto mining firms. After resigning as Twitter CEO in 2021, Jack Dorsey shifted his focus toward building Block (website), a Web3-friendly financial services company. Block allegedly completed the prototype design of a 5-nanometer high-performance Bitcoin mining…
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Meet Entrepreneur Paul Klansckek And Bitpanda!
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In 2014 Paul Klanschek founded with Eric Demuth and Christian Trummer Bitpanda, one of the most popular crypto trading Platforms in Europe!
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Deutsche Bank’s Head Of Human Resources Faces A Fine After Buying Bonds!
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Michael Ilgner, Deutsche Bank’s head of human resources, had bought bonds from his employer shortly before the publication of the quarterly balance sheet. This is against the bank’s rules. The institute is investigating the matter.