currency
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Binance Plans to ‘Move Away’ From Its Stablecoin After Regulators Slam BUSD Issuer
Binance’s prime stablecoin Binance USD is on the outs after regulators at both the state and federal level took aim at the company that was issuing one of the most popular stablecoins on the market.
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Facebook Still Wants to Launch Digital Currency Despite Reports It Killed Zuck Bucks
Meta, the parent company of Facebook, is still planning to create a digital currency, according to a new report from the Financial Times. The news comes after Facebook was said to have abandoned its cryptocurrency plans this past February — a project originally called Libra when it was first announced in June of 2019, but…
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Guy Who Claims He Invented Bitcoin Loses $140 Million in Court, Calls It a Win
After a week of deliberation, a Miami jury has cleared Craig Wright, an Australian computer scientist who claimed to have helped invent Bitcoin, of most claims in a multi-billion dollar lawsuit. The suit was brought by the estate of Wright’s now-deceased friend over the cryptocurrency’s intellectual property rights. But Wright still has to pay up…
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Roughly One-Third of Bitcoin Is Controlled by a Small Cabal of Whales, According to New Study
For all the talk of democratizing finance, the vast majority of Bitcoin continues to be owned by a relative handful of investors.