Unpacking the crypto rollercoaster with Cryptomania author Andrew Chow

Decentralize with Cointelegraph explores the origins, hype and future of the crypto space with Time magazine journalist Andrew Chow ahead of his new book, Cryptomania.

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Tether dominates with $113B post-SVB collapse IntoTheBlock

Tethers market cap surges post-SVB collapse, driven by liquidity and accessibility, says ITBs Vincent Maliepaard.

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NY Attorney General sues crypto trader NovaTech, claims $1B fraud

Two people took in $1 billion in crypto deposits and traded $26 million of it, the suit alleges.

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FTX Seeks Customer Consensus: Multi-Billion Dollar Compensation Plan Goes To Vote

Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this [...]

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Centralized crypto exchanges are key for mass adoption, despite FTX collapse X10 CEO

Hybrid, non-custodial exchanges could help restore industry trust in crypto, but CEXs remain key for onboarding new users, according to according to X10 CEO Ruslan Fakhrutdinov.

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Japanese exchange BitFlyer to acquire FTX Japan

Following the acquisition, FTX Japan will be renamed and operate a crypto custody service that will feature crypto ETFs once such products are allowed in Japan.

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FTX creditors seek repayments at current market rates

FTX's new compensation plan faces opposition as creditors demand repayments based on current asset values, not bankruptcy figures.

The post FTX creditors seek repayments at current market rates appeared first on Crypto Briefing.

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Binance Pushes to Dismiss FTXs $1.76B Clawback Suit Over Legal Flaws

Binance has filed a request for the dismissal of FTXs $1.76 billion lawsuit, claiming it has no legal basis. The exchange claims that FTX failed because of internal fraud, not because of it or its executives. According to the exchange, Sam Bankman-Fried and the FTX leadership are the main reasons for the companys failure. FTXs […]

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FTX Creditors Granted Deadline Extension for Proof of Debt Submission

The FTX Bankruptcy Saga Progre­sses with some Hope for Cre­ditors. Sunil, an FTX creditor, posted on X that the­ joint official liquidators of FTX Digital Markets extende­d de­adline for submitting proof of debt. The original date­ was May 15th, but now it has gone on to the end of July or the­ beginning of August. […]

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Post-FTX crypto industry needs education before regulation Former Biden adviser

What I preach for is regulation that protects and prevents but does not cripple and destroy [innovation], the senior adviser told Cointelegraph.

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DOJ rejects Sullivan & Cromwell, picks FRA for Binances monitorship

FRA is set to monitor Binance for compliance with a DOJ plea deal, following Binance's admission of regulatory violations.

The post DOJ rejects Sullivan & Cromwell, picks FRA for Binance’s monitorship appeared first on Crypto Briefing.

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Bitcoin Surges Past $80K While US Stocks Dodge Black Monday Collapse

Bitcoin Price Surges above $80K as US Stocks Steer Clear of Black Monday Catastrophe The price of Bitcoin has bounced back above $80,000 as US stocks manage to avoid a potential Black Monday crash. This positive movement in both the cryptocurrency and traditional financial markets comes as a relief to investors worldwide. Following a period [...]

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Crypto Business: Leaving the Shadow of FTX Collapse, Worst Quarter Hopes for Rebound

The cryptocurrency industry has experienced its most challenging quarter since the collapse of the FTX exchange. Market volatility, regulatory crackdowns, and concerns about security have all contributed to the struggles facing crypto businesses. Despite the setbacks, there are still opportunities for growth and innovation in the industry. Companies that can adapt to changing market conditions [...]

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Alex Mashinsky on the Verge of 20-Year Sentence as DOJ Slams Crypto Fraud Mastermind

The Department of Justice (DOJ) has requested that the founder of Celsius, Alex Mashinsky, serve a 20-year prison sentence because they believe that his actions didn’t come as a result of negligence or market misfortune but rather a series of calculated and deliberate decisions to lie. Their decision underscored the gravity of his offenses and […]

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Former Celsius CEO Alex Mashinsky Faces Life Sentence Call

The cries for justice are growing against former Celsius CEO, Alex Mashinsky, after pleading guilty to fraud.

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BlockFi Settles With FTX, Alameda Estates for $874.5M

The settlement with FTX and Alameda Research is a key part of BlockFi’s bankruptcy and reorganization plan.Source: CoinDesk

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FTXs Questionable Claim Valuations Spark Community Distrust And Demand Accountability

FTX, the bankrupt crypto exchange is offering a claims process with cryptocurrency valuations for major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and Binance Coin (BNB) that are much lower than their current market prices. This has triggered questions and worries among crypto investors and users. According to Wu Blockchain, FTX has set its […]

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Sam Bankman-Fried sentenced to 25 years in prison

Sam Bankman-Fried has been sentenced to 25 years in prison for running a crypto business that devastated thousands of investors.

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Bankers Are Lining Up Buyers for FTXs 8% Stake in AI Startup Anthropic: Report

FTXs slice of artificial intelligence firm Anthropic is up for sale, and global investors including sovereign wealth funds are lining up for the chance to purchase the shares, according to a new report from CNBC citing unnamed sources.Source: CoinDesk

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U.S. Governments Legal Precedents Dont Support Lengthy Prison Term, Bankman-Frieds Defense Argues

Sam Bankman-Fried’s lawyers have pushed back against the U.S. government’s sentencing memo which makes the case for why it thinks the former FTX CEO should be handed a sentence in the range of 40-50 years, a court filing on Wednesday shows.Source: CoinDesk

The post U.S. Government’s Legal Precedents Don’t Support Lengthy Prison Term, Bankman-Fried’s Defense Argues appeared first on Crypto Breaking News.

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