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Join the Economic Freedom Nexus — No BS Crypto News in the Context of Permissionless Exchange
23.10.2023
We all know central bank digital currencies (CBDCs) are the furthest thing there is from actual cryptocurrency. That “financial inclusion” usually just means more laws preventing poor people from free exchange and survival in broken, state-run fiat madhouses. The Economic Freedom...
People’s Bank of China Governor Vows to Curb Crypto Speculation
23.10.2023
The new governor of China’s central bank has promised to stop speculation associated with cryptocurrency transactions in the country. Pan Gongsheng made the vow in a report detailing measures to maintain the stability of the Chinese financial market and prevent risks. PBOC Prepares to Crack Down...
Peter Schiff: ‘No One Needs Bitcoin’
20.10.2023
Peter Schiff, a renowned economist and gold bug, has criticized Bitcoin’s role and utility in today’s economy. According to Schiff’s remarks, Bitcoin is useless, and its advocates are like a cult, trying to convince people to buy bitcoin after buying it themselves. Peter Schiff:...
FTX General Counsel gives Damning Testimony against Bankman-Fried in SBF Trial
19.10.2023
The trial against Sam Bankman-Fried continued in Manhattan federal court Thursday when Can Sun, FTX's former general counsel, took the witness stand.
The prosecution presented a robust direct examination of the Yale-educated Sun, who served as general counsel for FTX from August 2021 through...
Prosecution in SBF Trial Reveal Telling Twitter Messages from Bankman-Fried
19.10.2023
The prosecution in Sam Bankman-Fried's landmark fraud case revealed several telling messages the fallen crypto founder had via direct messaging on Twitter.
The prosecution called investigative analyst for the Southern District of New York, Shamel Medrano, to the witness stand, where he...
Notre Dame Professor Reveals FTX's Financials: "It Must've Come from Customer Funds"
18.10.2023
The case against disgraced FTX founder Sam Bankman-Fried continued in Manhattan federal court Wednesday, with University of Notre Dame accounting professor, Peter Easton, revealing the results of a detailed analysis of FTX and Alameda Research's financial past....
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Blackrock CEO Larry Fink Sees Global Demand and ‘Pent-up Interest in Crypto’ Amid Israel-Hamas War
18.10.2023
Larry Fink, the CEO of the world’s largest asset manager, Blackrock, sees the recent bitcoin rally as “an example of the pent-up interest in crypto.” Noting that as the Israel-Hamas war rages on, more people will be running to bitcoin as “a flight to quality,” the executive...
Bankman-Fried met with President Clinton, NYC Mayor Eric Adams and Saudi Arabia's Minister of Investment Before FTX Collapse, FBI Special Agent Testifies
18.10.2023
FTX founder Sam Bankman-Fried met with a number of high-profile political leaders in the lead-up to his crypto empire's collapse, according to phone records presented by the prosecution in Manhattan federal court Thursday afternoon....
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FTX Executive continues Testimony in SBF Trial, Gives Details on Discovering Alameda's $8 Billion Debt
17.10.2023
Nishad Singh, former head of engineering for FTX, resumed his time on the witness stand Tuesday morning after a gripping testimony yesterday.
Beginning his cross-examination, Singh called FTX's business spending "too large" and stated much of it "didn't make sense."...
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FTX Executive Describes Final Days of Doomed Crypto Exchange: "I'd Been Suicidal for Some Days"
17.10.2023
FTX's former head of engineering, Nishad Singh, finished up his direct examination in Manhattan federal fourt Monday afternoon by recounting the details of the crypto company's collapse.
In his testimony, Singh stated that he found FTX founder Sam Bankman-Fried's spending "excessive"...
From Larry David to Tom Brady, FTX paid $1.13 Billion in Endorsement Deals says Former Head of Engineering
16.10.2023
The trial of Sam Bankman-Fried readjourned Monday morning with FTX's former head of engineering, Nishad Singh, beginning his testimony.
Calling the FTX founder "a formidable character," "brilliant," and "intimidating," Singh first met Bankman-Fried when the two were in high school but didn't...
Ferrari Starts Accepting Crypto Payments for Luxury Sports Cars
15.10.2023
Ferrari has reportedly begun accepting payment in cryptocurrency. The Italian luxury sports car manufacturer cited requests from both the market and dealers as the primary motivation for this decision. “This will help us connect to people who are not necessarily our clients but might afford...
Saudi Arabian Funds, BlockFi's Founder, and a Star Witness: Recapping the Dramatic Second Week of Sam Bankman-Fried's Landmark Fraud Trial
14.10.2023
From FTX founder Sam Bankman-Fried's attempts to raise company funds from the Crown Prince of Saudi Arabia to using Thai prostitutes' identities in an attempt to unfreeze crypto accounts, the second week of Bankman-Fried's criminal trial proved damning for the disgraced "king of crypto."...
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BlockFi CEO Zac Prince Blames Bankruptcy on FTX and Alameda
13.10.2023
The federal criminal case against Bankman-Fried closed out its second week Friday with engaging testimony from BlockFi founder and CEO, Zac Prince.
Prince claimed that BlockFi began lending money to FTX towards the start of 2021, increasing the fallen crypto exchange's borrowing later on in...
Bankman-Fried Stopped Former Alameda CEO from Quitting, Star Witness Testimony Concludes
13.10.2023
Former Alameda Research CEO, Caroline Ellison, wrapped up three days of compelling testimony against former FTX founder Sam Bankman-Fried Thursday afternoon in Manhattan federal court....
Read More: Bankman-Fried Stopped Former Alameda CEO from Quitting, Star Witness Testimony Concludes
Caroline Ellison's Home was Raided by FBI while her New FTX/Alameda Boyfriend was there
12.10.2023
In another shocking day in the trial against Sam Bankman-Fried, Caroline Ellison revealed that the Federal Bureau of Investigation raided her home while her new boyfriend, a former FTX/Alameda employee, was present. However, Ellison did not reveal the identity of her new romantic partner.
The...
Ellison Breaks Down on Witness Stand: "I Didn't Have to Live a Lie Anymore"
11.10.2023
The courtroom watched with bated breath as former Alameda Research CEO, Caroline Ellison, broke down on the witness stand as she testified against Sam Bankman-Fried on the afternoon of Wednesday, October 11th....
Read More: Ellison Breaks Down on Witness Stand: "I Didn't Have to Live a Lie Anymore"
"I Didn't Feel Good About It" – Caroline Ellison Continues Compelling Testimony in SBF Trial
11.10.2023
Former Alameda Research CEO Caroline Ellison continued her powerful testimony against FTX founder Sam Bankman-Fried in Manhattan Federal Court Tuesday.
During her time on the witness stand, Ellison painted Bankman-Fried as a “very ambitious” risktaker willing to endanger customer funds for...
Caroline Ellison Begins Star Witness Testimony in SBF Trial
10.10.2023
Tensions were high in Manhattan Federal Court Tuesday as former CEO of Alameda Research, Caroline Ellison, began her star witness testimony against Sam Bankman-Fried.
The petite, glasses-wearing Ellison took a decent amount of time to identify the defendant in the courtroom. ...
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China Debuts Digital Yuan Interconnection With Hong Kong Payment System During 19th Asian Games
10.10.2023
The Chinese digital yuan, China’s central bank digital currency (CBDC), now features an interconnection with the Hong Kong payment system, allowing tourists coming to mainland China to purchase and top up a digital yuan wallet. The system, created by the Digital Currency Research Institute...