Thursday, April 18, 2024
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Terra co-founder Do Kwon’s jail time in Montenegro will be harsh: Report

Do Kwon, currently in custody in Montenegro and potentially awaiting extradition to the United States or South Korea, will reportedly face harsh conditions in the country’s penal system.According to a March 29 Protos report, an unnamed criminal defense lawyer said conditions at Montenegro’s jails and prisons “haven’t changed” from those

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Bitcoin can hit $40K before BTC price sees ‘harsh correction’ — analyst

Bitcoin (BTC) faced selling pressure at the Feb. 21 Wall Street open as United States' stock markets opened down.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price skids lower with US stocksData from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to daily lows of $24,324 on Bitstamp.Bearish signals were already in

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Doubts mount over Huobi’s future as harsh layoff rumors denied

Speculation on Twitter that crypto exchange Huobi has laid off staff and shuttered internal communications have prompted the community to advise users to withdraw funds, despite an advisor to the exchange denying the rumors. In a Jan. 5 tweet, Huobi advisor Justin Sun addressed rumors of purported insolvency saying the

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SBF’s Bahamian prison reported for ‘harsh’ conditions and ‘degrading treatment’ — US State Dept

After being denied bail in a Bahamas Magistrate Court, former FTX CEO Sam Bankman-Fried could spend up to two months in the country’s Fox Hill Prison, a facility with reported cases of physical abuse against prisoners and “harsh” conditions.Authorities in the Bahamas reportedly remanded Bankman-Fried to the medical wing of

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Reserve Bank of India ranks crypto near the bottom of systemic risks despite harsh criticism

In its latest financial stability report published on Thursday, the Reserve Bank of India, or RBI, reiterated its skepticism of digital assets, writing: "We must be mindful of the emerging risks on the horizon. Cryptocurrencies are a clear danger. Anything that derives value based on make-believe, without any underlying, is just

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Frax co-founder Sam Kazemian believes stablecoin regulations are currently too harsh

Stablecoins, or crypto assets which peg their value to less volatile fiat money, are useful tools for a variety of reasons. They can be used to cash out crypto investments, send or receive stable money abroad, and to pay for everyday consumer transactions without fear of fluctuation. A recent estimate

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