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Ex-Coinbase Exec Balaji Srinivasan Closes Out $1 Million Bitcoin Bet

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Former Chief Technology Officer at Coinbase, Balaji Srinivasan, closed out early a bet that the price of bitcoin would hit $1 million by mid-June amid hyperinflation of the U.S. Dollar. Srinivasan paid a total of $1.5 Million, more than the initially…

Breaking the Barriers of Traditional Banking With Digital Assets

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Another one bites the dust! The banking industry in the United States is in trouble, and regional banks are feeling the squeeze. A number of banks have failed recently due to mismanagement, poor risk management, and other factors which are leading…

Dollar to Play Lesser Role Due to Its Weaponization, Digitale Währungen, Economist Jeffrey Sachs Says

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Within the next decade, die USA. dollar will play a much less dominant role than it is today, according to Jeffrey Sachs. The renowned economist listed a few factors for the diminishing status of the greenback such as its use as…

Nasdaq Aims to Launch Crypto Custody Services in Second Quarter

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Nasdaq intends to launch its custody services for digital assets like bitcoin by the end of this year’s second quarter. The exchange operator is among those traditional financial firms that want to play a role as intermediaries in the crypto sector…

Die Aktien der First Republic Bank wurden von S. auf Junk-Status herabgestuft&P Global; Die Aktie rutscht um mehr als ab 25% Untere

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Nachdem die UBS die Credit Suisse übernommen hatte, spritzten fast ein Dutzend Finanzinstitute ein $30 Milliarden in die First Republic Bank vor vier Tagen, S&P Global hat die Aktien von First Republic am Sonntag auf Junk-Status herabgestuft. Anleger befürchten, dass die Geldspritze ausbleibt…

Pakistan Banks to Use Blockchain Technology for KYC

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Banks in Pakistan plan to launch an electronic platform for know-your-customer procedures that will be operating on a national level. The blockchain-based system will allow them to exchange the personal information of customers through what they describe as a decentralized and…

Crypto Exchanges Allow Russians to Circumvent Sanctions, Report Alleges

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Major crypto exchanges have failed to prevent sanctioned Russian banks and traders from transacting, according to a blockchain forensics report. At least two established coin trading platforms continue to allow Russians to use their bank cards in peer-to-peer deals, the analysis…

New York Attorney General Sues Celsius Co-Founder Alex Mashinsky for Crypto Fraud

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Es ist Jan. 5, 2023, the state of New York and attorney general Letitia James filed a lawsuit against Alex Mashinsky, the co-founder and former CEO of Celsius. The lawsuit claims that Mashinsky and Celsius defrauded “hundreds of thousands of investors, einschließlich…

Venezuelan Banks Have Blocked Over 75 Accounts Since the End of Last Year Due to Cryptocurrency-Related Activities

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Venezuelan Banks have started eyeing the accounts of customers with ties to cryptocurrency trading, principally related to peer-to-peer (P2P) transaction activity. According to Legalrocks, a crypto and blockchain-focused legal firm in Venezuela, mehr als 75 accounts have been blocked by Venezuelan…