cryptocurrencies
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Actually, Bitcoin Didn’t Hit an All-Time High If You Adjust for Inflation
The crypto community took a victory lap Tuesday with the news that the price of Bitcoin hit an all-time high of $US69,210. Those celebrations cooled when the value dropped a full 8% just a few hours later, but it marked a stunning recovery from the crypto crash of 2022. For the fans, Bitcoin’s rally was…
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GameStop Bails on Its NFT Marketplace
After constructing its US-based NFT marketplace in hopes of attracting a tidy profit for nothing, Gamestop is now dropping the whole thing.
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Binance CEO Pleads Guilty to Money Laundering Violations, Will Step Down
Binance founder Changpeng Zhao (CZ) will step down from his CEO duties and plead guilty to criminal charges, paying a $US50 million fine, according to court documents made public Tuesday. The Department of Justice is expected to announce a $US4 billion settlement with Binance this afternoon, putting an end to a fierce legal battle between…
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SBF Finally Testifies in Court With No Jurors Present
FTX founder Sam Bankman-Fried testified in his fraud trial Thursday with no jury present. In his testimony, he acknowledged that Alameda was being used as a payment processor for FTX, but did not recall conversations around the $US13 billion hole in his crypto empire, according to Bloomberg. Bankman-Fried is on trial for allegedly defrauding FTX…