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He also said that the criminal enforcement actions against Binance and the once-popular but now bankrupt crypto exchange FTX show that taking your business offshore doesn’t work. While Binance is a Hong Kong-based company, mostly focused on business in the Asia Pacific region, FTX was headquartered in the Bahamas. Source
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The suit, filed in the Superior Court of Cobb County on Nov. 1, lists six individuals as defendants: Timothy Shedd Jr., CEO of Hit Network (the company that owned Armstrong's former channel); Timothy Shedd Sr., CFO of Hit Network; Justin Williams, CEO of Voomio; Allison Fiveash, a frequent contributor on
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Crypto influencer Ben Armstrong, formerly known as ‘BitBoy,’ reportedly spent the night in the slammer and has been hit with two charges following his conspicuous arrest. Armstrong, who was taken into custody on Sept. 25 while livestreaming outside a former associate’s house, spent a little over 8 hours in a cell
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The arrest follows a series of controversies surrounding Armstrong. In late August, Hit Network, the entity overseeing the “BitBoy Crypto” brand, severed ties with Armstrong due to concerns related to substance abuse and financial issues affecting employees. Crypto influencer Ben Armstrong, known as BitBoy Crypto, found himself in handcuffs on Monday
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Armstrong has had an apparent fallout with his former business partners, several tweets suggest. Original Source
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“Bitcoin is the world’s digital monetary system, and Lightning is Bitcoin’s payments layer,” Cathie Wood, the head of Coinbase’s second-biggest shareholder, ARK Invest, wrote on X in response to Armstrong’s post Wednesday. “Coinbase’s integration with Lightning will give its 100 million users an on-ramp to faster and cheaper bitcoin transactions.
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Crypto exchange Coinbase has confirmed its decision to integrate layer 2 payment protocol Lightning Network as users seek faster and cheaper Bitcoin (BTC) transactions. Lighting Network (LN) was created to help solve Bitcoin’s scalability problem and to compete against newer cryptocurrency projects that promised comparatively faster and cheaper transactions. Up until recently,
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Coinbase CEO Brian Armstrong has shared his predictions for the role crypto will play in next years' elections in the United States, claiming that representatives in Washington, D.C. do not fully understand the crypto community's voting power in the upcoming race."I don’t think everybody in DC actually fully realizes how
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The parent of Hit network, which controls the ‘BitBoy Crypto’ brand, has cut ties with its public face Ben Armstrong, citing issues surrounding substance abuse and financial damage to employees.In an Aug. 28 announcement on YouTube and social media channels, a spokesperson said the company had reached its decision following
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The last point I’ll make is that when coming up with examples for non-financial uses, Armstrong did immediately go to decidedly financial examples: “Things like stablecoins for payments, DeFi, NFTs, these have already gotten substantial traction. But I think with Layer 2 solutions coming online, these can get much, much
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