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As the saying goes, “It never rains but it pours.” On top of the recent bail revocation and jail sentence, Sam Bankman-Fried (SBF), the founder and ex-CEO of FTX, has now found himself entangled in legal intricacies as charges of illicit campaign financing activity come to the fore.
A superseding indictment, officially filed yesterday, serves as the instrument of these allegations. According to the prosecution's narrative, SBF stands accused of orchestrating a series of financial manoeuvres that exceeded $100 million, all directed towards both Democratic and Republican campaigns. The underlying motive appears to be the influencing of cryptocurrency regulatory frameworks and these substantial sums are purported to have been sourced from customer deposits.
A superseding indictment, officially filed yesterday, serves as the instrument of these allegations. According to the prosecution's narrative, SBF stands accused of orchestrating a series of financial manoeuvres that exceeded $100 million, all directed towards both Democratic and Republican campaigns. The underlying motive appears to be the influencing of cryptocurrency regulatory frameworks and these substantial sums are purported to have been sourced from customer deposits.
Dubai has taken a significant step towards establishing itself as a prominent hub for cutting-edge technology companies in the Middle East and North Africa (MENA) region.
Global payments leader Visa has recently tested a solution to directly pay on-chain gas fees using their credit cards.
A trial that allowed users to utilise their Visa cards to pay on-chain gas fees, the event took place on the Ethereum Goerli testnet, which is a dedicated platform for testing applications based on the Ethereum network.
A trial that allowed users to utilise their Visa cards to pay on-chain gas fees, the event took place on the Ethereum Goerli testnet, which is a dedicated platform for testing applications based on the Ethereum network.
A recent financial disclosure form submitted to a federal ethics agency reveals that former President Donald Trump holds a noteworthy amount of cryptocurrency.
The filing, which provides details about his assets and income sources, includes a mention of a "cryptocurrency wallet (Ethereum)" valued between $250,000 and $500,000
The filing, which provides details about his assets and income sources, includes a mention of a "cryptocurrency wallet (Ethereum)" valued between $250,000 and $500,000
CoinDesk, a crypto news platform, is set to reduce its workforce significantly due to the finalization of a major business deal.
As per reports, CoinDesk will convene an extensive staff meeting in the near future to furnish additional information.
As per reports, CoinDesk will convene an extensive staff meeting in the near future to furnish additional information.
McDonald's in Lugano, Switzerland, has commenced accepting Bitcoin as a legitimate mode of payment. This stride is realized through a collaboration between Plan ₿ Foundation and Go Crypto.
What is PYUSD?
PYUSD, which stands for PayPal's native stablecoin, is a digital currency introduced by PayPal.
It's designed to be backed by the US dollar on a one-to-one basis, meaning that for every PYUSD in circulation, there's an equivalent amount of US dollars held in reserve.
This stablecoin serves as a digital representation of the US dollar, providing users with a way to hold a cryptocurrency that's tied to the value of a familiar fiat currency.
PYUSD, which stands for PayPal's native stablecoin, is a digital currency introduced by PayPal.
It's designed to be backed by the US dollar on a one-to-one basis, meaning that for every PYUSD in circulation, there's an equivalent amount of US dollars held in reserve.
This stablecoin serves as a digital representation of the US dollar, providing users with a way to hold a cryptocurrency that's tied to the value of a familiar fiat currency.
PayPal has entered the digital asset arena with the introduction of its Cryptocurrencies Hub, offering users interaction with various crypto assets, including Bitcoin (BTC) and Ethereum (ETH).
Stablecoins are designed to maintain a fixed value against specific fiat currencies, can be a reliable means of exchange when properly regulated.
This supports innovations like purchasing and selling digital assets directly on the blockchain.
This supports innovations like purchasing and selling digital assets directly on the blockchain.
The buzz surrounding Bitcoin exchange-traded funds (ETFs) has been going on for quite some time now, with many companies applying to offer it like BitWise, BlackRock, Fidelity Investments, and the likes. However, approval or rejection is up to the United States (US) Securities and Exchange Commission (SEC) and the outlook seems divided.
Hong Kong could be extending its Web3 aspirations into mainland China as part of efforts to attract foreign-based firms to the city.
Hong Kong Legislative Council member Johnny Ng told Chinese news outlet The Paper that he expects greater collaboration between mainland China and Hong Kong in Web3 technologies in the coming years. Ng revealed that both jurisdictions could achieve Web3 interconnectivity through talent exchanges and linking up with digital currency service providers in Shanghai. #Web3
Hong Kong Legislative Council member Johnny Ng told Chinese news outlet The Paper that he expects greater collaboration between mainland China and Hong Kong in Web3 technologies in the coming years. Ng revealed that both jurisdictions could achieve Web3 interconnectivity through talent exchanges and linking up with digital currency service providers in Shanghai. #Web3