Cryptocurrency
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FTX founder Bankman-Fried received $2.2bn from company via related entities – managers
Bankrupt cryptocurrency exchange FTX made transfers of about $2.2 billion to company founder Sam Bankman-Fried through related entities, the company’s new management said. Overall more than $3.2 bill…
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Crypto exchange Binance to halt sterling transfers
Binance is halting its sterling deposits and withdrawals, a company spokesperson said on Tuesday, a month after the world’s largest crypto exchange ceased dollar transfers. Binance has been informed …
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Major crypto steady after U.S. SVB intervention
Major cryptocurrencies stabilised on Monday after U.S. authorities announced plans to limit the fallout from the collapse of Silicon Valley Bank (SVB) and the issuer of the USD Coin stablecoin said i…
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UK authorities squash illegal crypto ATMs across London
Britain’s markets regulator and police have swooped on suspected illegal crypto cashpoints (ATMs) across east London as authorities step up attempts to disrupt unregistered businesses deemed high ris…
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Bitcoin fells by 5.2% on Friday
Bitcoin dropped 5.2% to $22,253 at 2204 GMT on Friday, losing $1,213 from its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is down 11.9% from the year’s high of $25,270…
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Crypto platform Coinbase cut ties with embattled lender Silvergate
Cryptocurrency exchange Coinbase Global Inc on Thursday cut financial ties with Silvergate Capital Corp and said it had minimal exposure to the lender, whose latest filing raised questions about its …
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Visa, Mastercard pause crypto push in wake of industry meltdown – sources
U.S. payment giants Visa and Mastercard are slamming the brakes on plans to forge new partnerships with crypto firms after a string of high-profile collapses shook faith in the industry, people famil…
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[FTX Bankman-Fried case] Exploiting customer trust
After founding FTX in 2019, Bankman-Fried rode a boom in the value of Bitcoin and other digital assets to attain an estimated $26 billion net worth. The exchange collapsed in November amid a flurry o…
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[FTX Bankman-Fried case] Embattled chief accused of hiding hundreds of illegal political donations, faces new charges
Sam Bankman-Fried was hit with new criminal charges on Thursday, in an expanded indictment accusing the founder of the now-bankrupt FTX cryptocurrency exchange of conspiring to make more than 300 ill…
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Crypto firm Polygon Labs lays off 20% workforce
Cryptocurrency firm Polygon Labs said on Tuesday that it has cut 20% jobs after it combined multiple business units earlier this year, making the company the latest executing a string of job cuts at …