Russia Close To Legalizing International Trade In Bitcoin, Crypto

Russia Close To Legalizing International Trade In Bitcoin, Crypto

Russia’s Congressional finance committee chairman, Anatoly Aksakov, said the country is moving to greenlight international trade in cryptocurrency within the next month, according to a report by national news agency TASS. “In January, we want to legalize cryptocurrencies to ensure...
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BIS sets a limit of 2% on crypto reserves among commercial banks

BIS sets a limit of 2% on crypto reserves among commercial banks

Group of Central Bank Governors and Heads of Supervision (GHOS) of the Bank for International Settlements (BIS) sets a limit of 2% on crypto reserves among commercial banks. The new standard limits crypto reserves among banks to 2% by 2025,...
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FTX bankruptcy: $740M in crypto assets recovered

FTX bankruptcy: $740M in crypto assets recovered

The company tasked with locking down the assets of the failed cryptocurrency exchange FTX says it has managed to recover and secure $740 million in assets so far, a fraction of the potentially billions of dollars likely missing from the...
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New York Fed And 12 Banking Giants Launch Programmable Digital Dollar Test

New York Fed And 12 Banking Giants Launch Programmable Digital Dollar Test

Never let a crisis go to waste. With equity and bond markets stuck in brutal bear markets and providing a sufficient distraction to what is happening behind the scenes, the Fed and a group of banks have been quietly preparing...
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WSJ: Caroline Ellison said on the call that FTX used customer money to help Alameda meet its liabilities

WSJ: Caroline Ellison said on the call that FTX used customer money to help Alameda meet its liabilities

Citing ‘people familiar with the video’, the WSJ reports that Alameda employees held a video conference late Wednesday Hong Kong time, in which 27-year-old Alameda CEO Caroline Ellison (also known as @carolinecapital) said that she, Bankman-Fri...
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Sam Bankman-Fried described the crypto sold on FTX as a Ponzi scheme

Sam Bankman-Fried described the crypto sold on FTX as a Ponzi scheme

Inside DeFi ecosystem the source of double-digit yields has long been questioned. Here is transcription of podcast with FTX Chief Executive Officer and crypto billionaire Sam Bankman-Fried and Bloomberg Opinion columnist Matt Levine, to talk about how people ...
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The War On Crypto Privacy Intensifies

The War On Crypto Privacy Intensifies

Automatic Reporting of All Trades and Transactions Soon Mandatory. Massive overreach of international regulators to force all service providers in the industry to: Record ALL crypto trades on exchanges, DEFI and DEXs; Record (large) purchases from private wall...
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Russia One Step Closer To Using Crypto In International Trade

Russia One Step Closer To Using Crypto In International Trade

The Russian Ministry of Finance and its central bank have agreed on a draft bill allowing bitcoin and cryptocurrency payments for international trade settlements, per a report from Russian news outlet Tass. The bill “as a whole writes out how...
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White House Releases First Ever Comprehensive Crypto Regulatory Framework

White House Releases First Ever Comprehensive Crypto Regulatory Framework

Following U.S. President Biden’s executive order, the White House published a framework for CBDC development and draconian regulation of the crypto ecosystem. The White House has published a legal framework for engaging with bitcoin and cryptocurrencies in t...
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CBDCs are a dystopian implementation of money

CBDCs are a dystopian implementation of money

Central bank digital currencies (CBDCs) are being actively developed and discussed in many major nations in the world including 19 of the G20 countries, and around 105 others worldwide, as shown by Atlantic Council statistics in 2022. They are being advanced...
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Three Arrows Founders Bought $50 Million Superyacht Called “Much Wow” Prior To Firm’s Collapse

Three Arrows Founders Bought $50 Million Superyacht Called “Much Wow” Prior To Firm’s Collapse

The Crypto Geniuses Who Vaporized a Trillion Dollars The boat was a beauty of a thing: some 500 tons across 171 feet of glass and steel as white as Santorini. All rounded edges, the five decks — one with a glass-bottom...
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Sam Bankman-Fried’s crypto firms had deep ties to bankrupt Voyager Digital

Sam Bankman-Fried’s crypto firms had deep ties to bankrupt Voyager Digital

Sam Bankman-Fried became a crypto billionaire and one of the most famous players in the industry by building cryptocurrency exchange FTX. His company was pseudo-valued at $32 billion in January and currently has more than a million users. Voyager is a...
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Crypto DeFi Lender Celsius Files for Bankruptcy

Crypto DeFi Lender Celsius Files for Bankruptcy

Cryptocurrency lender Celsius Network Ltd. filed for Chapter 11 bankruptcy. Celsius – the latest casualty of a $2 Trillion crash that has wiped out some of the industry’s biggest idiots and exposed hundreds of thousands of individual investors to steep...
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Crypto lender Vauld freezes withdrawals, eyes restructuring

Crypto lender Vauld freezes withdrawals, eyes restructuring

Vauld, a crypto lender backed by U.S. based Coinbase Inc., said it froze withdrawals and hired advisers to explore a potential restructuring, joining rivals Celsius Network, Babel Finance etc. in resorting to last-ditch measures to survive the crypto market cr...
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FTX gains option to buy BlockFi for up to $240mln

FTX gains option to buy BlockFi for up to $240mln

Cryptoexchange FTX has also agreed to provide BlockFi with a $400 million revolving credit facility, Prince said in a tweet. He added that BlockFi has faced a jump in withdrawals after news of crypto lending platform Celsius Network’s freeze. Sam...
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