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The FTX debacle has triggered a bank run on Silvergate, causing the company to sell off its assets at a loss and cut staff by 40% to cover $8.1 billion worth of customer withdrawals.According to a report published by the Wall Street Journal, the bank liquidated debt that it was
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Chiliz (CHZ) looks bearish as it shaved off as much as 64% in 50 days. This entertainment- and sport-based blockchain platform is built on Socios and allows fans to interact with sporting brands and teams. Here’s a quick glance at how the crypto is performing so far: Chiliz plunges by 0.70% Sellers are
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On Dec. 21, Reuters reported that Sam Bankman-Fried, the former CEO of FTX — who is now facing criminal charges that could land him in jail for the rest of his life — may be granted bail in the United States ahead of his trial.Prosecutor Nicholas Roos reportedly proposed granting
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Place/Date: - December 5th, 2022 at 3:32 pm UTC · 3 min read Source: LYOPAY Photo: LYOPAYWho Is the Brazilian Entrepreneur Luiz GóesLuiz Góes is a business executive with a specialization in process management, leadership, and business implementation. He has worked in
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Following Binance CEO Changpeng Zhao’s announcement that the company would liquidate its position in FTX Token (FTT), FTX CEO Sam Bankman-Fried, also known as 'SBF,' took to social media seemingly in an effort to quell rumors of conflict between the major crypto exchanges.According to a Nov. 8 Twitter thread from
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“T-Mobile is excited to support Nova Labs’ innovation in this new crypto-powered space by enabling their mobility on the nation’s largest, fastest and most reliable nationwide 5G network,” Dan Thygesen, senior vice president of T-Mobile Wholesale, said in the press release. Original Source
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A British jeweler has sued its insurance company for refusing to cover a bitcoin ransom payment of $7.5 million. The jeweler paid the hackers to prevent sensitive customer data from being published. Insurance Company Faces Lawsuit for Refusing to Cover Bitcoin Ransom Payment A luxury British Jeweler, Graff, has sued its insurer,
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Summary: Bitcoin miners are continually selling their BTC to cover operational expenses. Bitcoin mining company, Core Scientific, has announced that it sold 7,202 BTC in June for $167 million. The Core Scientific team further explained the revenue was used for payments for ASIC servers, capital investments in additional data center capacity, and scheduled
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The Osmosis Chain will remain frozen for 48-hours following an exploit that resulted in an estimated $5 million loss. Source
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BusinessThe software and VC firm said Animoca Brand said it will cover the loss of 265 ETH, worth about $1.1 million.By Tanzeel AkhtarNov 24, 2021 at 2:46 p.m. UTCUpdated Nov 24, 2021 at 2:46 p.m. UTCAnimoca Brands co-founder and chairman Yat Siu (Getty Images) Source
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