Former General Counsel Shocked by Secret Transfers Can Sun, the former general counsel of FTX, testified in federal court on Thursday, revealing his shock at discovering that FTX founder, Sam Bankman-Fried (SBF), had secretly transferred billions of dollars in customer funds to his hedge fund, Alameda Research. Sun told prosecutors that he resigned from his […]
Former FTX Lawyer Testifies About Misappropriation of Funds Read More »
SEC Drops Charges Against Ripple Executives In a significant development, the U.S. Securities and Exchange Commission (SEC) has decided to drop all charges against Ripple's executives, CEO Brad Garlinghouse and co-founder Chris Larsen. Ripple's chief legal officer described the SEC's move as a surrender rather than a settlement. This decision marks a major turning point
SEC Drops Lawsuit Against Ripple Executives as Meme Coin Market Shrinks Read More »
Introduction The securities regulator and the central banking institution of Hong Kong have recently revised the region's crypto policy in response to industry inquiries. The authorities have implemented additional measures to safeguard retail investors and limit their access to what they classify as "complex products." Background Initially, Hong Kong's approach to regulating crypto assets focused
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Robert Kiyosaki, the globally acclaimed author of "Rich Dad Poor Dad," projects a significant rise in Bitcoin value, touching $135,000. He also predicts a substantial surge in the gold price, soaring to $3,700 in the near future. However, Kiyosaki sends out a warning to those investing in U.S. dollars, terming it as "counterfeit money," implying
Bitcoin.com and Hummingbot Collaborate to Boost Liquidity and Trading Volumes Bitcoin.com, a leading global platform for introducing newcomers to cryptocurrency, is excited to announce its partnership with Hummingbot for an innovative campaign on KuCoin. The campaign aims to enhance liquidity and trading volumes for the VERSE/USDT trading pair. Hummingbot, known for its open-source market making
Economist Peter Schiff Raises Concerns over Inflation, Recession, and Depression Economist and gold bug Peter Schiff recently took to social media platform X to issue a series of warnings about the U.S. economy and the U.S. dollar. He emphasized that the ongoing financial and economic crisis, which has been long overdue, is now unfolding before
Peter Schiff Warns of Inflationary Depression, Predicts Higher Recession Severity Read More »
Jeffrey Gundlach, a well-known billionaire and affectionately referred to as the "Bond King," has expressed concern over the potential risk that the U.S. dollar's reserve status may face due to the escalating national debt. He cautioned that the future of the U.S. dollar, along with the probability of uncontrolled inflation, largely hinges on regulating both
The Future of the U.S. Dollar Amidst Rising National Debt: Analysis by Jeffrey Gundlach Read More »
Recent insights from Bloomberg's team of economic experts suggest that an all-out war between Iran and Israel might set off a worldwide economic downturn. They highlighted that a sharp increase in oil prices, coupled with a drastic decline in risk assets, could significantly impact growth and potentially elevate inflation levels. They further cautioned that the
Peter Schiff, a respected economist and a known supporter of gold, has recently sparked controversy by voicing his negative opinion on the value and role of Bitcoin in today's economy. Schiff's argument revolves around his conviction that Bitcoin is devoid of any real utility, and its proponents are akin to a religious sect, persuading others
Renowned Economist Peter Schiff’s Controversial Take on Bitcoin’s Role in Modern Economy Read More »
The world of cryptocurrencies experienced a considerable upturn recently, with Bitcoin reaching a three-month high and Ethereum also showing significant progress. The substantial surge in these cryptocurrencies has been attributed to the growing market optimism about the potential approval of several spot bitcoin ETFs by the Securities and Exchange Commission (SEC). Let's take an in-depth
Bitcoin and Ethereum: Promising Market Trends Amidst Potential ETF Approvals Read More »