FTX founder Sam Bankman-Fried sentenced to 25 years in priso | Crypto News For You on Binance Square

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FTX founder Sam Bankman-Fried sentenced to 25 years in prison for fraud, perjury, and witness tampering. Defense argued he's a misunderstood genius, but Judge Kaplan highlighted false testimonies and attempts at witness tampering. Losses exceed $11 billion, contrasting defense's claims.
 #FTXTrial #HotTrends 

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Ferrari Expands Cryptocurrency Payment System to Europe Ferrari is expanding its cryptocurrency payment system to Europe by the end of July, following its successful launch in the US in October 2023. The new system will allow European dealers to accept crypto payments, which will be instantly converted into traditional currency to avoid handling digital assets directly. This initiative aims to attract younger investors and expand Ferrari's customer base. The company is working with crypto payment providers to ensure secure transactions and verify fund sources. Ferrari has not yet announced which cryptocurrencies will be supported in Europe. $BTC $ETH $SOL #HotTrends

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According to BlockBeats, on July 28, Andrei Grachev, a partner at DWF Labs, announced via a tweet that the company is currently in discussions with one of the largest payment systems in Central Asia. Grachev emphasized that one of the key pillars of DWF Labs' development strategy is the acquisition of infrastructure. This approach aims to provide compliant, cost-effective, and efficient fiat-to-cryptocurrency trading services in emerging markets.

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Many people misunderstand how leverage works in trading. For example, using 100x leverage means you can control a large position with a small amount of money. If you have $100 and use 100x leverage, you control $10,000 worth of assets, with the exchange lending you $9,900. A small market move can wipe out your $100 margin if you’re not careful. Influencers often show high returns from trades to attract attention, but these can be misleading. They might use small positions or high leverage to make their results look impressive while minimizing their own risk. Always be cautious and understand that high leverage can lead to big losses as well as big gains. #BTC☀ #ETH🔥🔥🔥🔥 #pepe⚡

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Morning news from CrypticNews Hub 1. Biden: If health issues arise, he will consider withdrawing from the elections; 2. Biden has tested positive for the new coronavirus, increasing the likelihood of his withdrawal from the elections to 65% according to Polymarket; 3. Launch of 9 #Ethereum spot ETFs announced; 4. The U.S. Securities and Exchange Commission has approved document 19b-4 for the Ethereum spot mini ETF by Grayscale. 5. Market News: American financial giant State Street explores creating stablecoins and deposit tokens; 6. StarkWare launches OP_CAT technology in Bitcoin's Signet test environment; 7. Data leak incident at Fractal ID affects Gnosis Pay and other cryptocurrency projects; 8. Grayscale: Market sentiment shifts due to expectations of a more favorable regulatory environment; 9. Vitalik Buterin opposes basing political voting on whether to "support cryptocurrency"; 10. CryptoQuant: Bitcoin's rise may be restrained by the market capitalization of stablecoins.

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