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Sui's native SUI token has struggled to regain ground after plunging more than 9% amid allegations from South Korean regulators, which have accused the Sui Foundation of manipulating the supply of the token for its own gain. SUI token gained a little under 1% in the last 24 hours after falling
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Part of Kaplan’s rationale for denying the release request came from his belief, as a seasoned jurist, that Bankman-Fried might present a flight risk. “Your client could be looking at a very long sentence,” Kaplan told Bankman-Fried’s lawyers. “If things look bleak […] if he had that opportunity, maybe he
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Custodia's challenge of the Federal Reserve Bank of Kansas City's decision to deny the crypto-friendly bank access to the Fed banking services can continue, a U.S. district court ruled Thursday, rejecting a Fed motion to dismiss the case. The U.S. District Court of Wyoming, however, did reject Custodia's request that
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Over the past century, the number of American banks has significantly decreased, dropping from 30,000 banks in 1921 to 4,997 U.S. banks in 2021, according to data from the Federal Reserve. Recently, the U.S. central bank denied Custodia Bank of Wyoming, a financial institution that holds $1.08 for every dollar
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The U.S. Trustee, a branch of the Department of Justice (DOJ), had previously argued that bankruptcy law requires an independent probe for any case of such magnitude, despite warnings that it could cost as much as $100 million. In its arguments, the Trustee said an independent examiner could look into
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“Tether’s competitive advantage, and the area of highest competition between stablecoin platforms, lies not in the operational features of the tether token itself but rather in the liquidity of the tokens in the marketplace, Tether’s presence on multiple blockchains, and the stability, reliability, and profitability of Tether as an entity,”
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Distributed Denial of Service is known for damaging enterprises for over $2.3 million and negatively affecting the reputation of companies that
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South Korean cryptocurrency exchange Bithumb is denying recent reports that Chinese authorities have raided its Shanghai offices.On Nov. 21, a Bithumb spokesperson informed the Block that the recent rumors of a police raid and closure of the exchange’s Shanghai offices are false and that its one and only Shanghai
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Bitcoin (BTC) rewards shopping app Lolli has responded to Alibaba’s denial of a partnership between the two companies following Singles’ Day marketing blitz.CEO of Lolli Alex Adelman refuted Alibaba’s denial of partnership with Lolli. In an email to CryptoX on Nov 17, Adelman maintained that Lolli did have a
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