‘Crypto King’ Has Luxury Cars Seized After $35 Million Vanishes

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23-year-old ‘Crypto King’ Aiden Pleterski as he appeared in a paid article on the far-right website The Daily Caller, purchased in December 2021. Screenshot: Daily Caller Five luxury cars, including two BMWs, two McLarens, and a Lamborghini, have been seized from 23-year-old Aiden Pleterski, the self-described “crypto king” of Canada, during bankruptcy proceedings according to...

Here’s what’s in Biden framework to regulate crypto

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The framework also points to the potential for “significant benefits” from a U.S. central bank digital currency, or CBDC, which you can think of as a digital form of the U.S. dollar. Right now, there are several different types of digital U.S. dollars. Sitting in commercial bank accounts across the country are electronic U.S. dollars,...

Mysterious Black Janitor Annoyed To Be Wasting His Folk Wisdom On White Man Asking Crypto Advice

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SEATTLE—Expressing frustration that his ageless insights were being utterly squandered by the overeager mid-level executive, a mysterious and potentially supernatural Black janitor was reportedly annoyed Thursday to be wasting his folk wisdom on a white man asking for crypto advice. “I cannot believe that every time I shuffle in here, lean up against my broom,...

Coinbase Tested Group to Speculate on Crypto – WSJ

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Earlier this year, the team completed a $100 million transaction that the group viewed as a test trade of the new effort, according to the people. The transaction came after Coinbase executives testified to members of Congress last year that the company didn’t buy and sell digital currencies for its own account. The monthslong effort to launch the Coinbase Risk Solutions group...

Crypto Network Tron Set to Capitalize on DeFi Boom With Wintermute as Market Maker

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Apart from supporting Tron’s decentralized finance ecosystem, Wintermute will provide liquidity for major TRX pairs across multiple crypto exchanges, improving its accessibility. This content was originally published here.

Ethereum Plunges After SEC Chair Says Crypto Could Be Security

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Gary Gensler, chair of SEC, testifies during a Senate Banking, Housing and Urban Affairs Committee hearing in Washington, D.C., on Thursday, September 15, 2022. Photo: Graeme Sloan/Sipa USA (AP) Ethereum, the second largest cryptocurrency in the world, continued to plunge in price over the weekend following the network’s highly publicized technical change known as ‘the...

How Crypto Sectors Are Trading Through the Dollar Strength ‘Tsunami’

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Higher interest rates fuel demand for dollars (to put it in terms crypto folks can understand, remember how everyone was buying UST because of the near 20% APYs the Anchor protocol was paying back in April?). The U.S. Dollar Index, which measures the greenback against a basket of six foreign currencies, is now trading at...

Crypto Liquidations Rise, ETH Dips by 25% in 7 Days

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<p>According to the recent data published by Coinglass, crypto liquidations jumped dramatically on 19 September after Bitcoin (BTC) and Ethereum (ETH) dropped below key price levels. In the past 24 hours, ETH has suffered the most as more than $150 million worth of long Ethereum trading positions got liquidated.</p><p>Other crypto assets like Bitcoin, Ethereum Classic...

How One Man Lost $1 Million To A Crypto ‘Super Scam’ Called Pig Butchering

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A 271,000-word WhatsApp conversation between a Bay Area man and his scammer reveals the heartbreaking mechanics of a new breed of investment racket. Experts believe the global losses are in the billions. The message to Cy’s WhatsApp came out of the blue. “Jessica” told him she’d found his number in her phone contacts and was...

Crypto Exchange Coinbase Could Earn $1.2B in Revenue Next Year From Higher Interest Rates, JPMorgan Says

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Over half of that would come from the company’s share of interest income from USDC reserves. This content was originally published here.