Category: Crypto
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Binance cancels FTX takeover
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The takeover of struggling crypto exchange FTX.com by rival Binance (PR42 profile) has fallen through. “We have decided not to pursue the potential acquisition,” Binance announced on Twitter. The reason, it said, was media reports of misconduct in the handling of customer funds and alleged investigations by U.S. authorities. Actually,…
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Binance Has Agreed “Non-Binding” Acquisition With FTX
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The crypto industry is witnessing a mega takeover on the horizon! The world’s largest exchange for digital currencies such as Bitcoin, Binance, wants to take over most of the business of rival FTX. After Zhao (Founder and CEO of Binance) himself seeded doubts about FTX’s cash reserves with a tweet…
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The Ripple Crypto Case: Why The SEC Can’t Win!
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The U.S. Securities and Exchange Commission (SEC) does not have good cards to win in court with its charges against Ripple. At least, this is the opinion of attorney Jeremy Hogan, who has been watching the process from the beginning and regularly assesses how the proceedings are going.
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Gate.io Is Introducing Their Crypto Payment Product Gate Pay
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The crypto-exchange platform Gate.io (PR42 profile) has officially launched Gate Pay, a leading crypto-based payment product. The launch of Gate Pay is based on Gate.io executives’ belief that cryptocurrencies can become a widely used means of payment, not just a tradable asset. Gate Pay is a free-to-use crypto payment technology developed…
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U.S. SEC Files Charges Against $295 Crypto Ponzi Scheme Trade Coin Club!
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The U.S. Securities and Exchange Commission (SEC) has filed charges against Douver Torres Braga, Joff Paradise, Keleionalani Akana Taylor and Jonathan Tetreault for their roles in Trade Coin Club. This fraudulent crypto Ponzi scheme collected more than 82,000 Bitcoin worth $295 million from more than 100,000 investors worldwide. Like all…
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Tel Aviv Stock Exchange wants to create crypto platform
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On October 24, the Tel Aviv Stock Exchange (TASE) has announced that it is developing a blockchain-based platform to expand its trading services to cryptocurrencies and other digital assets as part of a new strategic plan scheduled for 2023 to 2027.
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Twitter is allegedly in the process of launching a crypto wallet
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According to prominent tech blogger Jane Manchun Wong, Twitter is working on a “wallet prototype” that will allow cryptocurrencies to be deposited and withdrawn. The social media company has made no official confirmations or mentions on or about the matter. But as Wong notes, the wallet is believed to support…
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Yes, Online Merchants Are Interested In Crypto Payment Options!
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Merchants are interested in crypto payment options. Gaining new customers and eliminating middlemen are the top two reasons why merchants are interested in accepting cryptocurrency or expanding their crypto payments options, according to “Paying with Cryptocurrency,” a PYMNTS and BitPay collaboration based on a survey of 2,334 consumers and 202…
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Payout Issues At Crypto Exchange Blockchain.Com!
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In Feb 2022, the US crypto exchange operator Blockchain.com announced that its UK and European retail customers will be moved from the FCA-regulated EMD agent Blockchain Access (UK) Ltd to the Lithuanian subsidiary Blockchain (LT) Ltd. The UK entity is an agent of FCA-regulated Modulr FS Limited. For some time…
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Meet The Crypto Czar And FinTech Entrepreneur Alex Alexandrov
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The crypto czar and FinTech entrepreneur Alex Alexandrov was born in Ukraine and moved to Canada at a young age. He started a bitcoin mining venture around 2012 when the Bitcoin (BTC) price was around $4. In 2013, Alex and his then partner Jason Butcher acquired the crypto startup CoinPayments…