Author name: Peter

Prosecutors Investigate Sam Bankman-Fried’s Actions in FTX Case

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Introduction During an ongoing hearing, federal prosecutors questioned Sam Bankman-Fried about his practices of deleting messages and the alleged use of customer funds while he served as the CEO of FTX, a now-bankrupt crypto exchange. Sam Bankman-Fried's Use of Encrypted Messaging App Prosecutors focused on Bankman-Fried's use of the encrypted messaging app Signal and his […]

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Bitcoin’s Longevity Examined by Market Strategist Gareth Soloway; Anticipates Gold Surge

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Introduction Bitcoin (BTC), the leading digital currency by market cap, has experienced a remarkable increase of over 100% year-to-date. This surge has generated interest in the longevity of its upward trajectory. Gareth Soloway, the head market strategist at inthemoneystocks.com, recently shared his insights on the potential duration of this rally. Additionally, Soloway discussed the upcoming

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Bitcoin Price Prediction: Experts Forecast BTC to Reach $87,000 by 2025

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Analyzing Bitcoin's Potential Growth Bitcoin (BTC), the dominant cryptocurrency in terms of market capitalization, has garnered significant attention in the digital currency landscape due to its strength and market dominance. Currently valued just below $34,000, BTC's future price trajectory has been explored in the latest report by finder.com, which gathers insights from 31 experts and

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Mexican Billionaire Advocates for Bitcoin as a Hedge Against Inflation

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Introduction Ricardo Salinas, a prominent billionaire and the honorary chairman of TV Azteca, recently expressed his belief in the importance of Bitcoin as a store of wealth. In an exclusive interview with Bitcoin Magazine reporter Isabella Santos, Salinas discussed the cryptocurrency's ability to protect against inflation and its potential to revolutionize traditional financial systems. This

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Bitcoin’s Dramatic Surge to $35,000 Erases $232M in Short Positions in Just 24 Hours

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Bitcoin Soars by 13% in Early Morning Trading On October 24, 2023, bitcoin (BTC) experienced a significant surge of 13% during the early morning trading hours, Eastern Time (ET). This rapid rise propelled bitcoin's value to $35,108 per unit, causing the entire cryptocurrency market to increase by over 10%. Traders who had bet against cryptocurrencies

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Bitcoin Futures Open Interest Skyrockets Amid Rising Market Enthusiasm and ETF Anticipation

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Bitcoin Futures Open Interest Surges The open interest (OI) for Bitcoin futures has experienced a significant surge in recent days, with CME Group's OI reaching an impressive 100,000 bitcoins, equivalent to $3.4 billion. This surge is not limited to CME Group, as other platforms such as Binance, Deribit, Bitget, and Okx are also seeing substantial

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North America Is the Largest Crypto Market Despite Regulatory Uncertainty, Reports Chainalysis

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Introduction Despite ongoing regulatory uncertainty, North America continues to be the leading region in terms of cryptocurrency usage, according to blockchain forensics firm Chainalysis. While stablecoin-related activity has been decreasing, the region's share in decentralized finance (defi) usage has also declined. In this article, we will explore the findings of Chainalysis' 2023 Geography of Cryptocurrency

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Former FTX Boss Sam Bankman-Fried to Testify on Thursday in High-Stakes Trial

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Sam Bankman-Fried Gears Up to Assert Innocence in High-Stakes Trial Former FTX chief, Sam Bankman-Fried, is preparing to take the witness stand and testify in his ongoing trial. In recent weeks, several witnesses have spoken against him, but Bankman-Fried is determined to plead his case directly to the jury. Bankman-Fried has already shared his side

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