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Ripple Retracts Acquisition Plans for Fortress Trust


Following the letter of intent to acquire Fortress Trust, Ripple CEO Brad Garlinghouse announced the company has decided “not to move forward with an outright acquisition.” Garlinghouse didn’t cite specific reasons for dropping the deal but said Ripple planned to remain an investor...

JPMorgan CEO Warns of the Fed Raising Interest Rates to 7% With Stagflation


JPMorgan Chase CEO Jamie Dimon has expressed concerns about the Federal Reserve potentially raising interest rates to 7% and that the U.S. economy could experience stagflation. “I am not sure if the world is prepared for 7%,” he stressed, adding that there is “a range of outcomes.”...

Local US Bank Shut Down after CEO Lost Millions in Crypto Scam


Heartland Tri-State Bank, a community bank in Elkhart, Kansas, has been forced to shut down after its CEO, Shan Hanes, lost millions of dollars in a cryptocurrency scam.  The incident unfolded on July 5 when Hanes, desperate to retrieve his money from a supposed cryptocurrency investment...

There's a Long Way Ahead to Make Crypto Safer: Hexens CEO


The cryptocurrency industry continues to evolve at a rapid pace, bringing with it a host of cybersecurity challenges.  While almost all cryptocurrencies are secured by cryptography, which makes these digital assets immune to hacks, counterfeit, or double-spend, the industry remains vulnerable to...

Payday 3’s Busted ‘Always Online’ Launch Is a Mess, CEO Apologizes


By many accounts, Payday 3 appears to be a disappointing half-step forward for the longrunning co-op bank robbery series. Unlike its predecessor, it also requires players to always be online, a seemingly grave misjudgement given Payday 3’s first-week launch woes. The problems with crashes, slow...

India's Crypto Tax Relief Likely Two Years Away, Says Leading Exchange CEO


India's crypto industry may have to wait for up to two years for a more lenient crypto tax regime, as per domestic exchange WazirX's CEO.  Last year, Indian authorities introduced a 1% Tax Deducted at Source (TDS) on cryptocurrency transactions, which led to a significant decline in trading...

Binance and CEO Changpeng Zhao File Motion to Get SEC Lawsuit Dismissed


Binance, Binance.US, and Changpeng Zhao have jointly filed a motion to dismiss a lawsuit brought by the United States Securities and Exchange Commission (SEC).  In their 60-page petition submitted on September 21, their legal team contends that the SEC exceeded its regulatory jurisdiction...

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