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Tag Archives: crypto

Russia and Iran Are Building a New Gold-Backed Cryptocurrency

Iran and Russia are reportedly working together to establish a new gold-backed digital currency that will help each nation avoid sanctions imposed by the United States. Many experts are saying this is easier said than done, and that building such a currency – much less living and breathing by it – will be very difficult to do. Russia and Iran Have Formed a Crypto Bond Russia has allegedly reported that it wants to utilize the cryptocurrency to engage in bilateral trades...

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New York Considers Crypto as a Method of Payment

The state of New York is moving towards accepting a new bill that if passed, would allow crypto to be used as a form of payment. Is New York Suddenly a Crypto Fan? This is huge for the Empire State in that it would not only put New York on the crypto map, but it would also ensure crypto – at least within the state’s borders – is utilized for the purpose it was created for. The bill states: This act amends the state finance law in relation to allowing New York state...

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Opinion: Trump Is Running for President Again, and Crypto Fans Owe Him Their Votes

In a very interesting twist, the United States Supreme Court is considering a case that would see Joe Biden removed from office while reinstating Donald J. Trump to the White House. Is Trump Again Heading to the White House? The details of the case are a tad more complicated, though the basic premise lays out what many Americans likely already knew beyond a reasonable doubt: that fraud indeed took place in the 2020 presidential election and Trump was cheated out of ...

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More Than $700 Million Has Been Taken from Sam Bankman-Fried

According to Sam Bankman-Fried, the disgraced head executive of the now defunct crypto exchange FTX, he only had about $100,000 to his name after his business fell into bankruptcy and he was arrested on alleged fraud charges. However, it appears federal prosecutors have seized as much as $700 million, all of which is believed to have been in accounts owned either by SBF himself or by the exchange. Sam Bankman-Fried Says He Only Had $100K In yet another string of lies,...

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How Did FTX Become the Opposite of What It Wanted to Be?

The FTX exchange, according to past testimony provided by its now disgraced founder and chief executive Sam Bankman-Fried, was initially designed as a way to merge both the crypto space and the traditional financial space together. FTX Started with Good Intentions In May of 2022, before the U.S. House Committee on Agriculture, SBF said the following: [FTX] was established to build a digital asset trading platform and exchange with a better user experience, customer...

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Crypto Held a Limited WEF Presence in Davos This Year

The World Economic Forum (WEF) takes place every year in Davos, Switzerland. This time around, things were no different except for one little change… Davos Didn’t See Many Crypto Participants During the event, the streets of Davos are usually swarming with crypto companies. Some of the biggest names in the industry rush to Switzerland to see what they can do about the ongoing energy crisis that is allegedly putting the planet in danger and causing all kinds of problems...

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The Crypto Space Is Once Again Worth More Than $1 Trillion

The crypto industry has again crossed the $1 trillion mark. The space – which was given several heated blows over the past 12 months – has seen its overall valuation fall from about $3 trillion in the beginning of 2022 to less than $1 trillion by the time the year ended. This means more than $2 trillion was lost to time over the course of one year. Crypto Is Returning to Form The crypto arena dealt with several problems throughout 2022, which will likely go down as one...

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Phony Crypto Facebook Post Sends Australia Into an Uproar

Crypto traders in Australia got scared a few weeks ago when they saw a phony Facebook advertisement claiming they needed “social credit scores” of approximately 100 or more to do business with crypto exchanges and trade digital currencies. Australia Fooled By Fake Crypto Facebook Post The Facebook post read as follows: BREAKING: Australian citizens can only access bitcoin if they have enough social credits – report. According to a new law, Australian citizens need at...

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Opinion: A Republican-Led House Will Diminish the Biden Anti-Crypto Agenda

Not long ago, the Republican dominated House of Representatives passed a bill to decrease funding for the Internal Revenue Service (IRS) by $70 billion. The bill is slated to wipe out support for the 87,000 agents being hired by the Biden administration, and most Americans are breathing a sigh of relief right about now. Biden Is Getting a Taste of His Own Medicine For crypto holders, the news is way better than expected. The fact is that the Biden administration has...

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Police Seize Nearly $2 Million in Crypto from New Zealand Drug Dealers

Crypto crime was a big deal in 2022, and while we’re only a few weeks into 2023, it looks like the trend is continuing after a criminal gang crackdown that resulted in close to $2 million in assets – some of which were crypto units – being seized by law enforcement officials. Crypto Crime Takes on a New Form Two men have allegedly been arrested in New Zealand for taking part in various drug dealings. Police came barging into the home they were both living in and seized...

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