Margot Robbie's Barbie Film Takes A Bitcoin Twist With "Ken Energy" Quip

Margot Robbie, the lead actress in the new Barbie movie, has sparked a conversation within the cryptocurrency community following her playful dismissal of Bitcoin (BTC) as a stereotypically “Ken” topic of discussion.  In a recent interview promoting the film produced by Mattel, Robbie jokingly referred to male producers frequently engaging in conversations about Bitcoin as “such Kens. Bitcoin…

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FTX's Bankman-Fried Has a Right to Defend His Reputation, Defense Tells Court

Bankman-Fried faces seven different charges, including securities and wire fraud allegations, for a trial currently scheduled to kick off in October. Another trial, set for March, will see the DOJ try Bankman-Fried again on another five charges, including conspiracy to commit bank fraud. #FTXs #BankmanFried #Defend #Reputation #Defense #Tells #Court

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FTX creditors unimpressed with exchange's bankruptcy exit plan

A body representing FTX customers said it is “extremely disappointed” by the exchange’s draft bankruptcy exit plan and claims it was ignored by FTX’s restructuring team. In a July 31 court filing, FTX’s Official Committee of Unsecured Creditors (UCC) said despite its repeated requests and previous promises from the team, it “did not have a single call or meeting” with FTX to discuss its draft…

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Alameda Research tied to Bald coin crash: Wintermute researcher

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Amid the controversy of Bald meme coin’s abrupt rug pull performance, Wintermute’s Igor Igamberdiev, steps into the spotlight to uncover where the funds have gone. Crypto Twitter has been sent into a tailspin following the alleged rug pull of the Bald meme coin, prompting blockchain investigators to delve deep…

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MicroStrategy Buys Another 420 BTC For $14.4 Million

Bitcoin (BTC) whale MicroStrategy announced on Tuesday that it has gobbled up another 420 BTC since its last announcement in June. This brings the company’s total holdings up to 152,800 BTC worth $4.46 billion. According to MicroStrategy’s Q2 earnings report, the firm’s 12,800 BTC acquired since Q1 was acquired for $28,233 per coin – below the asset’s current market price of $29,195.However, the…

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Mt. Gox Former CEO Breaks Silence, Delivers Important Message To Creditors

The Mt. Gox scandal remains one of the most significant events in the history of cryptocurrency. In 2014, the exchange suffered a major hack, resulting in the theft of over 850,000 Bitcoin (BTC), worth approximately $450 million. Since then, the hunt for the stolen Bitcoin has continued. In 2019, a group of creditors filed a civil rehabilitation petition to recover their lost funds. The trustee…

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Justin Sun, other crypto investors buy CRV token in attempt to help Curve Finance

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Following a recent exploit on the decentralized exchange, Curve Finance founder Michael Egorov managed to find an answer to his loan dilemma. Thanks to support from a group of backers, including Justin Sun, the principal value of Egorov’s loan on Aave (AAVE) decreased from $63.3 million to $54.1…

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IRS Classifies Crypto Staking Rewards As Taxable Income

The Internal Revenue Service (IRS) has recently issued a ruling stating that United States cryptocurrency investors who receive rewards from staking services are required to include the value of those rewards in their gross income. On July 31, 2023, the IRS issued Revenue Ruling 2023-14, providing clarity on the tax implications for individuals engaging in staking activities. Income realized in…

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Bitcoin Whale MicroStrategy (MSTR) Might Buy More Bitcoin (BTC)

“We intend to use the net proceeds from this offering for general corporate purposes, including the acquisition of bitcoin and working capital, and, subject to market conditions,” already issued bonds, according to MicroStrategy’s Tuesday filing. #Bitcoin #Whale #MicroStrategy #MSTR #Buy #Bitcoin #BTC

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Voyager customers targeted by scammers during 30-day withdrawal period: Report

Scammers set their sights on Voyager Digital customers during the month-long window when they were able to withdraw some portion of their funds from the bankrupt crypto brokerage, Bloomberg reported, citing Darren Azman, a lawyer for the firm. Law enforcement has been notified of the situation, he added. Voyager customers withdrew $490 million between June 23 and July 22. That sum was almost 80%…

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Biggest Base DEX LeetSwap pauses trading amid exploit concerns

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Decentralized exchange (DEX) LeetSwap, operating on Coinbase’s Base network, has temporarily halted trading due to concerns over a potential exploit.  According to an Aug. 1 tweet from LeetSwap, the exchange detected suspicious activity in some of its liquidity pools and decided to pause trading immediately to…

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Bitcoin Rebounds to $29.2K, Recovering From DeFi Fears; CRV Jumps 5%, XRP Rises

Ether (ETH), the second largest crypto in market value, was recently changing hands at $1,850, off 0.3% from Tuesday same time. SOL and ADA, the tokens of smart contracts platforms Solana and Cardano, were a few fractions of a percentage point in the red, while Ripple’s XRP was up slightly, despite a court ruling casting doubt on its partial legal win against the Securities and Exchange…

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Citigroup Reviews Partnership With Metaco, in Talks With Other Crypto Custodians: Bloomberg

Banking giant Citigroup (C) is reviewing its partnership with crypto custody firm Metaco one month after Ripple Labs announced that it agreed to acquire Metaco for $250 million. #Citigroup #Reviews #Partnership #Metaco #Talks #Crypto #Custodians #Bloomberg

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Buterin criticizes US crypto policy's detrimental impact on projects like Solana

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Ethereum (ETH) creator Vitalik Buterin has expressed concern about the US approach to crypto regulation, particularly the impact on projects like Solana. In a tweet, Buterin expressed sympathy for the affected projects and stated that if Ethereum were to prevail by excluding other blockchains from exchanges, it…

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Report: New EU Regulations Will Require Banks To Disclose Bitcoin Holdings

The European Union (EU) is making significant progress in the reform of its banking regulations, with a particular focus on bitcoin (BTC) and cryptocurrencies. The EU is now mandating that banks publicly disclose their holdings of crypto assets. This move aims to address the potential risks associated with these assets. Related reading: Ethereum Network Fees Experience Significant Growth In 2023…

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What is the International Monetary Fund, and how does it work?

Maintaining stability in the international financial system is essential for sustaining economic growth in a connected global economy. In this context, the International Monetary Fund (IMF) is essential for fostering international monetary cooperation, maintaining exchange rate stability and managing financial crises. This article provides an overview of the IMF and its objectives, governance…

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Slovakia approves lower crypto income tax rate

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Slovakian lawmakers have passed legislation to regulate and reduce the tax rate on cryptocurrency income. Under the new law, crypto income from assets held for at least a year will be taxed at a favorable rate of 7%, aligning Slovakia with other crypto-friendly countries such as Slovenia and Switzerland. In…

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