Cryptocurrency
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Crypto world wobbles on as Singapore’s Crypto.com set to offload 20% of global workforce
Singapore-based crypto exchange Crypto.com said on Friday it had decided to reduce global workforce by approximately 20%. The announcement comes after Coinbase Global Inc said on Tuesday it would cut…
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Data shows cryptocurrency crime skyrocket to $20bln in 2022
Illicit use of cryptocurrencies hit a record $20.1 billion last year as transactions involving companies targeted by U.S. sanctions skyrocketed, data from blockchain analytics firm Chainalysis showed…
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Embattled crypto exchange FTX says $5bn has been recovered amid ‘epic’ fraud saga
Crypto exchange FTX has recovered more than $5 billion but the extent of customer losses in its collapse is still unknown, an attorney for the bankrupt company founded by Sam Bankman-Fried said on We…
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Coinbase set to lay off 20% of its workforce as crypto contagion deepens
Coinbase Global Inc said on Tuesday it will cut about 950 jobs, or 20% of its workforce, as part of a restructuring plan that marks the third round of layoffs for the cryptocurrency exchange since la…
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[Cryptoverse] Bitcoin digs in for a bumpy new year
Bitcoin’s looking steady in 2023. But it’s only been a week. Cryptocurrencies have crept into the new year, licking their wounds after the carnage of 2022. The overall global crypto market cap has ri…
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U.S. prosecutors launch website for Bankman-Fried alleged fraud victims
The U.S. government plans to launch a website for victims of FTX cryptocurrency exchange founder Sam Bankman-Fried’s alleged fraud to communicate with law enforcement. In court papers filed on Friday…
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Coinbase agree to pay $100m to NY state in settlement of money policy probe
U.S.-based cryptocurrency exchange Coinbase Inc has reached a $100 million settlement with New York’s Department of Financial Services (DFS), the exchange and the regulator said in statements on Wedn…
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Ex-CFO pleads guilty to stealing from SPACs to trade meme stocks, cryptocurrencies
A former chief financial officer of multiple special purpose acquisition companies (SPACs) has pleaded guilty to embezzling more than $5 million from them, and losing almost all of it trading meme st…
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Sam Bankman-Fried pleads not guilty in FTX fraud case; October trial set
Sam Bankman-Fried pleaded not guilty on Tuesday to criminal charges that he cheated investors in his now-bankrupt FTX cryptocurrency exchange and caused billions of dollars in losses, in what prosecu…
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Bankman-Fried set to enter not guilty plea in FTX fraud case
Sam Bankman-Fried is expected on Tuesday to enter a plea of not guilty to criminal charges that he cheated investors and looted billions of dollars at his now-bankrupt FTX cryptocurrency exchange, ac…