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“With this plea deal, the expectations for a spot bitcoin ETF might have increased to 100% as the industry will be forced to follow the rules that TradFi firms must follow,” wrote Markus Thielen, head of research at Matrixport, referring to traditional finance. Source
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The Hong Kong government says the recent $165 million alleged scandal involving crypto exchange JPEX won’t stifle its Web3 vision for the region. In a Nov. 2 keynote at Hong Kong Fintech Week, the region’s Secretary for Financial Services and the Treasury Christopher Hui said the saga hasn’t affected the
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Defense attorneys representing Sam “SBF” Bankman-Fried questioned the former FTX CEO in front of a jury for the first time as they prepared to rest their case.According to reports from the New York courtroom on Oct. 27, Bankman-Fried denied defrauding FTX customers during his time leading the crypto exchange. The
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There is a “real risk” that the artificial intelligence (AI) industry could develop in a way that could end up with only a few firms dominating the market while consumers are bombarded with harmful information, according to the United Kingdom’s competition watchdog. In a report published on Sept. 18, the Competition
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A British parliamentary committee is pressuring the government to axe plans that would allow artificial intelligence developers to freely train their systems on existing works of music, literature and art. In an Aug. 30 report, the Culture, Media and Sport Committee warned the government’s original plan to exempt text and data
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However, the move is unlikely to hurt the crypto exchange’s market share, given its extensive global footprint. “It’s difficult to assess the impact of this on Binance, which is still a leading exchange from a liquidity point of view,” Weisberger said. “Until that changes, people will continue to trade there,”
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During a panel at Collision 2023 in Toronto, Canada, Anthony Scaramucci, former White House Communications Director, and founder of Skybridge Capital, stated that disgraced crypto executive Sam Bankman-Fried "really hurt the industry in the United States from a regulatory perspective." Scaramucci continued:"He embarrassed the politicians; he gave a lot of
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Investment analyst Jon Wolfenbarger has warned that a successful BRICS currency could hurt U.S. living standards and “lead to less power for the U.S. government, similar to the weakening of the UK after World War II.” He stressed: “Due to the Russia-Ukraine war and China’s continued economic growth, the BRICS
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U.S. Treasury Secretary Janet Yellen talked about the dangers that sanctions based on the U.S. dollar might pose for the hegemony of the currency in international markets. According to Yellen, the government tries to use sanctions “judiciously,” as they can create a desire to find alternatives to the U.S. dollar. U.S.
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A plan to rescue startups and tech companies affected by the Silicon Valley Bank collapse is underway in the United Kingdom, according to multiple reports on March 12. The emergency plan will include a cash lifeline to a number of businesses. Prime Minister Rishi Sunak said the government is working "at
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