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As the saying goes, âIt never rains but it pours.â 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.
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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.
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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.
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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
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