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” PayPal has become an episode of Black Mirror: Elon Musk “ PayPal’s former leadership, also known as the “PayPal Mafia,” have slammed the payments giant for its debanking policies of late, with one co-founder calling the freezing of funds “totalitarian,” while another compared it to an episode of Black Mirror. Despite becoming crypto-friendly in recent years,…
” Apple to allow third-party app stores in windfall for NFTs and crypto “ Tech giant Apple is gearing up to permit third-party app stores on its devices to comply with new anti-monopolistic requirements from the European Union (EU), which could be seen as a huge win for crypto and NFT app developers, at least…
” Binance net withdrawals topped $3.6B over the last 7 days: Report “ Binance appears to be suffering from a decline in liquidity. A report from crypto analytics firm, Nansen, indicates that Binance has had net withdrawals of more than $3.6 Billion from Dec. 7 to Dec. 13. Binance gross outflows have been approximately $8.8…
” Canada bans crypto leverage and margin trading after FTX collapse “ Authorities in Canada are taking measures to better protect Canadian cryptocurrency investors in the aftermath of the FTX collapse and the spreading contagion. The Canadian Securities Administrators (CSA), the council of Canada’s provincial and territorial securities regulators, on Dec. 13 issued an update…
” Hours before his arrest, SBF denied being part of ‘Wirefraud’ chat group “ Merely hours before news of his arrest by Bahamian police, Sam Bankman-Fried took to Twitter denying his involvement or knowledge of a secret group chat named “Wirefraud” — which allegedly involved former FTX and Alameda ranking executives. In a Dec. 12…
” Crypto Twitter explodes over the news of Sam Bankman-Fried’s arrest “ Crypto Twitter has blown up over the shocking news of Sam Bankman-Fried’s arrest in The Bahamas — many of whom weren’t expecting it to happen so soon. On Dec. 12, the disgraced FTX founder was arrested by the Royal Bahamas Police after receiving…
” Argo Blockchain reports insufficient funds, ‘no assurance’ it can avoid Chapter 11 bankruptcy “ Crypto mining firm Argo Blockchain has reported it had been negotiating to sell assets and “engage in an equipment financing transaction” in an effort to avoid filing for bankruptcy. In a Dec. 12 announcement, Argo Blockchain said it was at…
” Bitcoin could reach $1M in 5 years due to fiat currencies’ collapse, says Samson Mow “ Despite the ongoing bear market, Jan3 CEO and Bitcoin (BTC) proponent Samson Mow believes that the leading cryptocurrency could reach the $1-million-price benchmark in the next five to 10 years. The collapse of major fiat currencies will be…
” Sam Bankman-Fried says he will testify before the US House Financial Services Committee remotely “ Continuing his so-called apology tour, Sam Bankman-Fried appeared on a Twitter Spaces chat with Unusual Whales and told nearly 60,000 listeners that he intends to testify at the United States House of Representatives Financial Services Committee remotely on Dec….
” US DOJ split over charging Binance in the 2018 AML investigation: Report “ The United States Department of Justice (DOJ) is nearing the completion of its investigation into cryptocurrency exchange Binance, which started in 2018. A report from Reuters suggests there is a conflict among US prosecutors over whether the gathered evidence is enough to press…