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Bulgaria’s Oldest Soccer Club Botev Plovdiv Adds Bitcoin as a Payment Option
3.11.2023
PFC Botev Plovdiv, Bulgaria’s oldest soccer team, recently said it now accepts bitcoin payments at fan shops and catering points during matches. Fans who make payments using the top cryptocurrency anytime in the month of November are eligible for a 10% discount. Fans to Buy Tickets With...
Another Court Finds SEC Acted ‘Arbitrarily and Capriciously’
3.11.2023
The United States Court of Appeals for the Fifth Circuit has found that the U.S. Securities and Exchange Commission (SEC) acted “arbitrarily and capriciously” in a case involving the stock buyback disclosure rule. “Another day and another court finds that the SEC again acted...
Guilty on All Counts: Former FTX CEO Sam Bankman-Fried Faces Potential Century-Long Sentence
3.11.2023
Sam Bankman-Fried, the disgraced former CEO of FTX, has been convicted on all seven charges, including wire fraud, securities fraud, commodities fraud, and money laundering. The jury reached a verdict at around 7:45 p.m. (ET) on Thursday evening according to an account shared by Matthew Russell...
JPMorgan CEO: Inflation May Be Stickier Than People Think, Fed May Raise Rates Further
3.11.2023
The CEO of JPMorgan Chase, Jamie Dimon, has warned that inflation may be more persistent than many expect, and the government’s fiscal and monetary stimulus in the past several years has been greater than many realize. Dimon also expects more interest rate hikes from the Fed, stating:...
OCCRP Investigation Alleges Bukele Embezzled $200 Million for Bitcoin Projects in El Salvador
2.11.2023
An investigation led by the Organized Crime and Corruption Reporting Project (OCCRP) alleges that Nayib Bukele, President of El Salvador, deviated hundreds of millions of dollars granted by the Central American Bank for Economic Integration (CABEI) to develop the project of making bitcoin legal...
Prosecutor: FTX Boss Sam Bankman-Fried Stole Billions From Customers, Lied About It
2.11.2023
Federal prosecutor Nicolas Roos argued this week that Sam Bankman-Fried stole billions in customer funds from his cryptocurrency exchange FTX and lied repeatedly to cover it up, actions that make him guilty on all counts. The prosecutor’s closing argument paints a picture of Bankman-Fried...
October’s NFT Market Contracts Over 21%, With Ethereum’s Share Shrinking by $35 Million
2.11.2023
October proved to be a beneficial period for the broader crypto asset landscape; however, it cast a shadow on the non-fungible token (NFT) sector, witnessing a 21.64% dip in sales. Ethereum’s NFTs took the lion’s share, amassing $171 million out of the $313 million total, despite...
Sam Bankman-Fried’s Attorney Paints Picture of Mistakes, Not Crimes, in Closing Argument
2.11.2023
Sam Bankman-Fried’s lawyer Mark Cohen gave a final argument Wednesday, portraying the FTX founder as someone who “did his best” and made mistakes but did not commit crimes. Bankman-Fried’s Lawyer: ‘Mistakes Are Not a Crime’ Sam Bankman-Fried‘s attorney...
Paypal Faces SEC Scrutiny Over New Stablecoin PYUSD, Cooperates With Document Production Request
2.11.2023
After releasing its new stablecoin PYUSD, the payments giant Paypal disclosed that the U.S. Securities and Exchange Commission (SEC) subpoenaed the company concerning the stablecoin. Paypal stated in its Form 10-Q for the third fiscal quarter that it had been asked to produce documents for the...
SUSHI and BDX Spearhead Market Surge as 2 Dozen Cryptos Witness Double-Digit Gains
2.11.2023
On November 2, 2023, the crypto economy is thriving, boasting a value of $1.31 trillion following a 2.88% increase in the past 24 hours. Bitcoin has notably surpassed the $35,000 mark, showing a 2.8% increase, while a wide array of two dozen digital assets have experienced double-digit growth this...
Microstrategy Expands Bitcoin Trove, Total Holdings Now Stand at 158,400 BTC
2.11.2023
Microstrategy reported a 3.3% increase in total revenues to $129.5 million in the third quarter of 2023, even as the company took impairment losses of $33.6 million on its bitcoin holdings, according to the firm’s latest financial disclosure. The firm’s founder, Michael Saylor...
Bitcoin.com’s VERSE Token to Make Groundbreaking Debut on Polygon Network
2.11.2023
PRESS RELEASE. November 2nd, 2023 — Bitcoin.com, a pioneer in democratizing cryptocurrency access, is thrilled to announce the upcoming launch of its VERSE token on the Polygon PoS chain. This significant move follows the Verse community’s first-ever direct vote, a process that underpins...
Report: Taiwan Law Enforcement Seize Over 320 Million USDT From Alleged Money Launderer
2.11.2023
Taiwanese law enforcement recently revealed the seizure of more than 320 million USDT stablecoins from an alleged money launderer. The seizure has been described as Taiwan’s largest bust ever from a single individual. Lamborghini and a Lexus Seized Taiwan’s law enforcement recently...
Nigerian Central Bank Refutes Claims It Plans to Redenominate the Naira in 2024
2.11.2023
The Nigerian Central Bank has denied claims in a widely circulating text message that it plans to redenominate the naira starting in January 2024. According to the bank, the authors of the message had seemingly “modified text eked from an old policy” by a previous governor in 2007....
Paypal Achieves FCA Registration in the UK, Paving the Way for Crypto Services Resumption in 2024
2.11.2023
The payments giant Paypal has successfully achieved registration with the Financial Conduct Authority (FCA) in the United Kingdom, a fact verified by the FCA’s website on October 31. This move comes shortly after Paypal’s temporary cessation of crypto purchases within the U.K., although the company...
UK Government’s Ambition to Make Britain a Global Crypto Hub ‘Remains Steadfast’
2.11.2023
Britain’s Economic Secretary to the Treasury Andrew Griffith MP has reaffirmed the government’s ambition to make the U.K. a global hub for crypto asset technologies. He stressed that in order to realize this ambition, “we must make the U.K. a place where cryptoasset firms have...
Senator Rand Paul: Out-of-Control Government Spending Threatens ‘the Very Existence’ of US Dollar
2.11.2023
U.S. Senator Rand Paul has cautioned that the government’s “out-of-control spending” is threatening the very existence of the U.S. dollar and even the country. Commenting on the government spending billions of dollars to help multiple countries, Paul warned: “They’ll...
Analyst Predicts Bitcoin Price Rising to $150,000 by 2025 — ‘Imminent’ Approval of Spot Bitcoin ETFs Expected
2.11.2023
Global asset management firm Alliance Bernstein expects the price of bitcoin to reach $150,000 by 2025. The firm’s analyst has predicted “imminent” approvals of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC), including those by leading...
Billionaire Stan Druckenmiller: I Don’t Own Bitcoin but I Should
2.11.2023
Renowned billionaire hedge fund manager Stanley Druckenmiller says he doesn’t own any bitcoin but he should. He sees the crypto as a brand. When comparing bitcoin to gold, he said: “It’s clear that the young people look at it as a store of value because it’s a lot easier...
Coinbase Launches Leveraged Crypto Futures for US Traders With Nano-Sized BTC and ETH Contracts
1.11.2023
Coinbase Financial Markets (CFM) introduced regulated leveraged crypto futures for its U.S. customers Wednesday, now available to Coinbase Advanced users. The trading platform currently offers nano-sized contracts at one-hundredth of a bitcoin and one-tenth of an ethereum. Coinbase Financial...