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FTX founder Sam Bankman-Fried’s legal team argued that the Department of Justice (DoJ) is embellishing their client’s access to defense documents. In a letter released on Sept. 8, the defense insisted that their client’s access to necessary legal material via laptops is limited. Meanwhile, prosecutors maintain that they have resolved the
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United States House Financial Services Committee chair Patrick McHenry has pointed a finger at the Biden administration for the lack of bipartisan agreement on a stablecoin bill.In a July 27 hearing, Rep. McHenry said the version of the Clarity for Payment Stablecoins Act, H.R. 4766, being considered for markup was
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Terraform Labs founder Do Kwon told a Montenegro court that he wasn’t aware the passport he was traveling with was allegedly forged and instead pinned the blame on a Chinese-named agency.In a June 17 report from South Korean news outlet Segye Ilbo, Kwon told the Montenegrin Basic Court he received
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Ongoing regulatory pressure has created a difficult working terrain for the banking partners of Binance.US. Binance.US has told its customers that they may not be able to buy crypto with their US dollars from June 13. The Thursday announcement follows after the Securities and Exchange Commission (SEC) filed a lawsuit against
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Barney Frank, a former member of the United States House of Representatives and board member of Signature Bank, has pointed fingers at certain members of the public in the wake of the bank’s collapse.In a May 30 hearing before the New York State Senate, Frank said he had “no mea
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Binance will withdraw from the Canadian market, the cryptocurrency exchange announced on Twitter on May 12. It called its withdrawal “proactive” as new guidance issued by Canadian regulators continues to take a toll on the country’s crypto industry.Binance is joining some of its smaller competitors in the Canadian exodus brought
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Binance, the world’s largest cryptocurrency exchange, has re-opened bitcoin (BTC) withdrawals after a 1-hour suspension, the latest data on May 7 shows. Binance halts BTC withdrawals Binance said they were halting withdrawals on the Bitcoin network due to
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Chegg is facing massive disruptions in its education business amid the rapid growth of AI platforms. To contain this, Chegg is building its own AI platform CheggMate in collaboration with OpenAI. The introduction of ChatGPT by OpenAI has certainly created a massive disruption in the tech world while giving other
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied CertiK has attributed the over $1.82 million loss suffered by zkSync-based decentralized exchange, MerlinDEX, to a private key management issue rather than an exploit by bad actors. CertiK conducted an audit on MerlinDEX’s smart contracts before
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Circle CEO Jeremy Allaire says that a cryptocurrency crackdown by the United States regulators has been a major factor behind the declining market capitalization of its stablecoin, USD Coin (USDC).Circle chief’s comments on the U.S. crackdown come amid heavy regulatory scrutiny following the collapse of the FTX exchange, a banking
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