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Former Binance CEO Changpeng "CZ" Zhao has opposed the United States government's efforts to block his return to the United Arab Emirates (UAE) to be with his family while awaiting sentencing following his guilty plea.In a court filing on November 23, Zhao’s lawyers urged the judge to reject the proposed
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Bitcoin (BTC), worth over $7.2 billion, is still controlled by the United States government — but its losses are mounting.Data from on-chain analytics firm Glassnode shows that Washington’s seized Bitcoin total 210,429 BTC as of Oct. 31.195,000 BTC sold, $6.3 billion downThe U.S. Department of Justice (DOJ) and Internal Revenue
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The lawyer representing Sam Bankman-Fried, the former CEO of the now-defunct exchange FTX, has claimed that the proposed jury questions for the upcoming fraud trial might potentially elicit biased responses.In a court filing on September 29, lawyer Mark Cohen, who is representing Bankman-Fried, contends that the jury questions presented by
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The United States House of Representatives has rejected a bill passed on by the Senate aimed at funding the government, and Speaker Kevin McCarthy’s proposals have so far failed to gain traction with far-right lawmakers in the House — all actions suggesting that the U.S. government is heading toward at
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The United States government could be shut down in the next 7 days with House Speaker Kevin McCarthy facing political pressure from members of his own party on how to handle spending plans — a decision that could adversely affect how lawmakers move forward with crypto bills awaiting a vote.In
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Bitcoin (BTC) starts the last week of September with a retest of $26,000 as a stubborn range persists.An unimpressive weekly close sets the tone for the culmination of what is a traditionally lackluster month for BTC price action.Having shaken off a hectic week of macroeconomic events, Bitcoin has plenty more
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Cryptocurrency and stock trading platform Robinhood has announced the purchase of more than 55 million shares of the firm previously held by former FTX CEO Sam Bankman-Fried, also known as SBF.According to an Aug. 31 blog post, Robinhood completed a purchase of 55,273,469 shares for roughly $606 million following a
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News headlines have recently covered how China’s struggling economy poses significant risk to global growth. Economic activity and the flow of credit in the region are weakening, and analysts are not convinced that the Chinese government’s interventions are a sufficient fix for what appear to be structural problems. For instance, industrial
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On this week’s episode of Macro Markets, Cryptox analyst and writer Marcel Pechman explores the United States debt downgrade by Fitch Ratings. According to Pechman, this change signaled diminished confidence in the U.S. government’s ability to handle its fiscal responsibilities.The downgrade nudged investors into a cautious stance, leading many to
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Led by supporters of the ousted leader Aung San Suu Kyi, the Spring Development Bank (SDB), will target Suu Kyi supporters as customers, including the Burmese diaspora, the spokesperson said. The NUG’s stance is that it is the legitimate sovereign and government of Myanmar, not the military junta. Original Source
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