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Senator Elizabeth Warren warned of cryptocurrency scams targeting seniors, citing a $2.5 billion loss in 2022 and endorsing new protective legislation.
Sam Bankman-Fried, founder of cryptocurrency exchange FTX, has been convicted of one of the biggest financial frauds in US history. Bankman-Fried, who amassed a net worth of $26 billion before turning 30, used his wealth to gain political influence and hired celebrities to promote FTX as safe. However, prosecutors claim that his responsible image was a cover for embezzling customer funds. Bankman-Fried has pleaded not guilty to seven counts of fraud and conspiracy.
Metaverse stocks offer investment opportunities as they redefine internet engagement. Meta Platforms, Roblox, and Microsoft are key players to consider.
Growing opposition to Rep. Jim Jordan's bid for Speaker of the House has sparked calls to empower Rep. Patrick McHenry with new powers to get the House operational again. McHenry, who currently oversees the chamber as Speaker Pro Tempore, would be faced with challenges such as government spending fights and ongoing cryptocurrency efforts. The idea has gained support from prominent conservative figures, including three former GOP House speakers, and Democrats have also expressed support for expanding McHenry's authorities. However, the proposal faces challenges from Jordan and his allies, and the extent and duration of McHenry's powers are still up for debate.
Democratic megadonor Sam Bankman-Fried considered paying former President Donald Trump not to run for reelection in 2020, according to a new book. Bankman-Fried's associates reportedly established a covert communication line with Trump's camp and found he could potentially be swayed for $5 billion. Bankman-Fried also planned to contribute millions to Senate Minority Leader Mitch McConnell to defeat "Trumpier" candidates. Bankman-Fried is currently facing charges of fraud and embezzlement.
Bitcoin's price has declined due to Tether's decision to stop supporting USDT on the Bitcoin blockchain, potentially impacting market volatility and deterring businesses from accepting Bitcoin. Elon Musk's sale of BTC holdings is also a contributing factor.
Bitcoin's price fell by nearly 8% in an hour of frenzied trading, erasing most of its gains since June. The sell-off coincided with news that Elon Musk's SpaceX had written down the value of its bitcoin holdings by $373mn and sold the cryptocurrency. The volatility comes as US regulators crack down on the sector and as expectations of interest rate cuts by the Federal Reserve are reassessed.
FTX founder Sam Bankman-Fried was taken into custody after a judge revoked his bail for attempting to influence witnesses.
Kim Jong Un reshuffles North Korean military leadership amid tensions, appointing Vice Marshal Ri Yong Gil as chief of the General Staff.
Coinbase argues recent Supreme Court ruling supports fight against SEC charges.
US court rules that XRP is not a security, vindicating Ripple Labs and impacting cryptocurrency regulations.
Meta's Twitter competitor, Threads, has gained 100 million users in a few days, surpassing ChatGPT. Meta's stock has risen over 135% this year, but Fidelity has written down its valuation of Twitter from $44 billion to $15 billion, representing a loss of 65.9%.
Discovering the World of Cryptocurrency News
Strapped in for a wild ride? Because when we're talking about cryptocurrency, that's what it can feel like! Cryptocurrency, an expansive topic, is packed with breaking news stories. What might you stumble upon under this guise you ask?
The Basics: To start off, there are stories touching on blockchain technology basics. Bitcoin and its tech-savvy sibling Ethereum often take center stage. In addition to these two major cryptocurrencies, you'll also unearth news surrounding Altcoins - those less-known digital currencies trying to inch into the spotlight.
Trends & Predictions: We’re all curious about where cryptos are heading, right? Luckily, tons of articles zero in on market analysis or cryptocurrency trends predicted by industry moguls or renowned financial analysts!
Innovations & Future Outlooks: If thought-provoking content revs up your interest machine then stay tuned because innovations around blockchain technologies or potential applications of decentralized systems will have you hooked casually sipping your morning coffee.
Risks and Regulations: Not all that glitters is gold though—we should always remember Grandma's old saying! You’ll find heaps of posts concerning regulatory measures laid out by nations across continents addressing growing concerns related to frauds/scams within crypto-world.
So then just imagine how enriching & exciting getting updated with cryptocurrency news could end up being? So why not dive deep into this unique world today as it’s anyone’s guess; who knows maybe even tomorrow's headlines will mention your newfound interest?
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