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Judge Bars Former Binance CEO From Leaving US as the Court Weighs Government’s Request

A federal judge has issued an order restricting former Binance CEO Changpeng Zhao (CZ) from leaving the U.S. until the court determines whether to approve the government's motion to force the ex-Binance boss to stay in the U.S. until sentencing. CZ Cannot Leave the U.S. for Now A federal judge has barred former Binance CEO […]

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The Week in Crypto: Bitcoin and Ethereum Show Modest Gains, BLUR Token Soars

Bitcoin and Ethereum's Modest Increase In the past week, bitcoin and ethereum, the two most popular cryptocurrencies, experienced modest gains against the U.S. dollar. Bitcoin saw a 2.7% increase, while ethereum rose by 6.5%. Although these gains were not significant, they indicate a positive trend in the market. BLUR Token's Impressive Surge While bitcoin and

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Stablecoin Market Rebounds — $5.48 Billion Growth in 22 Days

Stablecoins Experience Multi-Billion-Dollar Market Expansion in Three Weeks Over the past few weeks, the market value of leading stablecoins has seen a significant increase. The economy of these fiat-pegged tokens has grown from $123.66 billion to the current $129.14 billion. This substantial growth of nearly $6 billion comes after the stablecoin industry lost tens of

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Spot Bitcoin ETF: A Catalyst for Market Demand and Volatility

Introduction The potential approval of a spot bitcoin exchange-traded fund (ETF) in the U.S. has sparked significant interest in the cryptocurrency market. Glassnode, a blockchain data firm, recently conducted an analysis on how spot bitcoin ETFs could reshape market dynamics. This article explores the findings of Glassnode's report and delves into the potential impact of

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Ethereum L2 Platform Blast Draws $400M in a Week Despite Invite-Only Access and Criticism

This week, the crypto community is abuzz with discussions about Blast, a new Ethereum layer two (L2) platform. The project gained prominence after securing a notable $20 million in funding, spearheaded by Paradigm and Standard Crypto, among other investors. Developed by Pacman, the entrepreneur behind the non-fungible token (NFT) marketplace Blur, Blast has garnered over

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US Prosecutors Urge Court to Keep Binance’s Ex-CEO in the Country Amid Flight Risk Concerns

In the aftermath of the settlement between the U.S. Department of Justice and Binance, the largest cryptocurrency exchange in the world, federal authorities are insisting that Changpeng Zhao (CZ), the exchange's former CEO, remain in the United States until his sentencing in February 2024. Justice Department Seeks to Restrict Ex-Binance CEO's Travel Before Sentencing A

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Surging Altcoins Eclipse Bitcoin’s Gains, Sparking Buzz of an Imminent ‘Alt Season’

Bitcoin's Monthly Rise Outpaced by Altcoins Bitcoin has experienced a 23% surge in value against the U.S. dollar over the past month. However, this increase has been overshadowed by the substantial gains seen in a wide range of altcoins. The rise of these smaller market cap coins has led to discussions on social media platforms,

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Former NYSE President Expects Influx of Money into Bitcoin with Spot ETF Approval

Optimistic Outlook on Bitcoin's Future In a recent interview with CNBC, Tom Farley, the former President of the New York Stock Exchange (NYSE) and current CEO of Bullish, expressed his positive outlook on the future of cryptocurrency, particularly Bitcoin. He believes that the potential approval of a Bitcoin spot exchange-traded fund (ETF) by the Securities

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KPMG and Chainalysis Partner to Enhance Crypto Fraud Detection and Compliance

KPMG in Canada has formed a strategic partnership with Chainalysis, a blockchain surveillance firm, to strengthen efforts against crypto asset fraud. This collaboration marks KPMG's entry into the Chainalysis Solution Provider program and aims to provide enhanced monitoring and risk management tools for cryptocurrency exchanges, financial institutions, and government agencies. The announcement, made on Wednesday,

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Robert Kiyosaki Urges Investors to Prepare for Hyperinflation, Sees Bitcoin as the Best Protection

Robert Kiyosaki: Bitcoin Is Your Best Protection Robert Kiyosaki, the author of the popular book Rich Dad Poor Dad, is advising investors to prepare for hyperinflation and highlighting bitcoin as the best protection against it. With over 32 million copies sold in more than 109 countries, Rich Dad Poor Dad has been a staple on

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