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FTX Faces Allegations of Misusing Over $1 Billion in Customer Funds for Buyback from Binance

In an unexpected revelation, the U.S. Department of Justice (DOJ) has brought forward allegations suggesting that the prominent cryptocurrency exchange, FTX, had utilized more than $1 billion from its customer funds to buy back its own shares from another crypto giant, Binance. These disclosures have sent shockwaves through the

Leading Analyst Warns of Looming Dollar Shortage Worldwide

In a surprising revelation, Andrey Kochetkov, the prominent analyst from "Otkrytie Investitsii," cautioned of a potential deficit in the U.S. dollar, especially in nations whose economies are heavily import-dependent and closely tied to the United States. The prediction was recently cited by the "Prime" agency.

China's Luxury Sedan Competes with Aurus: A New Age of Automobile Excellence

In the League of Luxury: The Priced Challenger from China The world of luxury automobiles has another contender aiming to stand toe-to-toe with the elite. Hongqi, China's renowned luxury car manufacturer, is all set to roll out its next-generation L5 sedan. According to the publication CarsNewsChina, this vehicle

Details of the Seizures

The 200,000 bitcoins were not seized in one large operation but rather as a result of three separate investigations conducted over the past 18 months. The Wall Street Journal report gave an in-depth look into these operations: * The first seizure, which occurred 14 months ago, involved a major darknet

Key Developments in the SBF Trial, CZ's Unsuccessful Crypto Fund, and Blocking of Hamas Accounts

The cryptocurrency space, which has often seen its fair share of drama, has been rife with major revelations and announcements this week. Here's an exhaustive look at the series of events: 1. Revelations in the Sam Bankman-Fried (SBF) Trial: Former Alameda Head Testifies Against SBF: Caroline Ellison, the

HAPI ID: The Solution for Web3 Identification

The world of decentralized networks, commonly referred to as Web3, continues to push boundaries and redefine digital identities. Recognizing the growing need for user verification and ensuring a seamless online experience, the cybersecurity protocol, HAPI, has announced a pilot sale of tickets for early access to HAPI ID. "As

Bitstamp Phasing Out of Canada by 2024: A Deep Dive into the Decision

Bitstamp, one of the longest-standing cryptocurrency exchanges globally, has made an impactful decision that has reverberated throughout the crypto community in North America. As of January 8, 2024, Bitstamp will officially discontinue its services in Canada, leaving a noticeable void in the country's crypto infrastructure. With this move,

CZ's $1 Billion Crypto Rescue Plan Falls Short, Raising Just $30 Million

In an unexpected turn of events, the ambitious project to salvage the cryptocurrency market, spearheaded by Changpeng Zhao (CZ), the founder of Binance, has faced a major setback. The plan, which was initially designed to raise $1 billion to help rejuvenate an ailing sector, has only managed to pool a

Gitcoin Reports Loss of $460,000 Due to Transfer Error

Gitcoin, a prominent platform in the crypto community supporting open-source developers, has reported an unfortunate transfer error resulting in the loss of approximately $460,000 in Gitcoin (GTC) tokens. This news, sure to reverberate within the crypto ecosystem, speaks to the need for consistent diligence in the often-complex world of

The Most Undervalued Currency of G20 Countries Revealed

In the early fall, the Russian ruble has emerged as the most undervalued currency among the G20 nations. Based on the calculations from RIA Novosti, its rate should be approximately 33 rubles per US dollar. Earlier, a ranking of G20 countries was published based on the cost of a combo