This week in cryptocurrency was surprisingly another FTX week. Sam Bankman-Fried wanted to start a new business to pay back the victims of the collapse, but soon he was arrested in the bahamas US filed criminal charges against him, after which he was denied bail and was placed in a detention center Known for overcrowding and lack of toilets, The new FTX CEO said that Assets worth one billion dollars recoveredand claimed Bankman-Fried’s crypto empire had no corporate controls and the astonishing lack of financial and other record-keeping.
Meanwhile, mid week, Binance saw net withdrawals of over $3 billion As rumors spread about the alleged problems, some reports claim that Binance and Changpeng Zhao may face money laundering charges in the USand some investors Not satisfied with the proof-of-reserves audit of the exchange, Also, Kevin O’Leary Binance criticized during Senate hearing on Wednesday. Its competitor Coinbase observed Requests from law enforcement increased by 66% this year Compared to last year. as that was happening, a US senator said he was not a regulator but he They saw no reason that crypto should existand another US senator put forth a bipartisan bill aimed at cracking down On Money Laundering Loopholes in the Crypto Industry.
As all this was happening, Metamask teams up with PayPal To enable its US users to buy ETH from within a wallet via the payments giant, Apple said it would allow iPhone and iPad Users Install Non-App Store Apps next year, and Busan said it would become First city to launch and operate a crypto exchange By the end of 2023. Meanwhile, Lodestar Finance $6.9m lost in one exploitand disgraced biotech entrepreneurs Martin Shkreli Claims to Know Who Satoshi Nakamoto Is,
Mining and regulation in the news: frequent blackouts in Cuba Crypto mining rigs made impossible to operatewhile russian Energy providers hunt down illegal crypto miners Those who were doing their business from home. G-20 countries plan To build a policy consensus on crypto to regulate it, whereas, in Brazil, regulators said they would look into Methods of issuing tokenized property to the policeand the public ministry claimed that “Bitcoin Pharaoh” Hired “Professional Gunmen” To slay your crypto competitors. Talking about crime, the police in China have arrested 63 people. Accused of Laundering $1.72 Billion Through CryptoAnd French prosecutors shut down two crypto scammers who “Suitcases” Full of Fake Cash Used to Defraud Crypto Investors,
Now that we’ve got all the news, let’s get down to all the fun.
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Good morning, CT! Sat down for your thoughts.
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how is everyone doing?
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Nothing is new in regulationland.
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HODLing is turning into a mental martial arts skill.
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Never mind, nothing to see here.
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There was nothing wrong with his math.
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Loyalty.
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Album Finally Out, (Alleged Thief) Artist Finally Inside.
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SBF has got VVIP spot in SAIL.
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He made all the news.
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Now they have ATM cats not letting us take Our Funds! But there is no crypto cat! … Is?
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Buy Goddard Dipty Dip!
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Dodged one.
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probably won’t help. There is still the other side. And she is clearly right handed. just saying…
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right or wrong?
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You guys are very funny.
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Mira almost half a day.
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And finally, as always, here’s your documentary based on actual documented events.
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