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“The vast majority of people betting on memecoins, especially at the beginning — and I think there’s a separate conversation — like, that is the game for everyone. And people that get mad are the people that aren’t insiders,” Davis said. He added:
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“The vast majority of people betting on memecoins, especially at the beginning — and I think there’s a separate conversation — like, that is the game for everyone. And people that get mad are the people that aren’t insiders,” Davis said. He added:
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An appellate court will also likely rule on a third legal matter over a 2022 request from Coinbase for the SEC to create “potential rules to identify which digital assets are securities.”
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The newsletter also explores Tether’s jarring lawsuit against Swan Bitcoin, the emerging role of institutional crypto and a looming TikTok ban in the United States.
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On Jan. 7, the Facebook founder said his company would “get back to our roots around free expression” by ending third-party fact-checking in the United States and “lifting restrictions” on speech.
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This week’s Crypto Biz explores Meta’s contradictory approach to free speech and whether Zuckerberg is sincere about getting back to his roots — or whether he’s playing a game of political chess with the incoming Trump administration.
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Meta’s commitment to free speech apparently doesn’t extend to backlinks to decentralized social media networks. According to a 404 Media report, Facebook has been actively removing links to Instagram competitor Pixelfed and Mastodon, an open-source social networking service.
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Disgruntled users took to Bluesky to complain about their posts being deleted.
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“Facebook has banned anyone from linking to Pixelfed,” said AJ Sadauskas, a Bluesky user. She said her post was deleted by Facebook “within seconds.”
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Another Bluesky user, Johan Vandevelde, said the same thing happened to him when he linked to Mastodon. “My comment was immediately removed, also because of ‘spam,’” said Vandevelde.
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The deletions were discovered mere days after Meta issued a news release promising “more speech and fewer mistakes,” which included removing third-party fact-checkers in the United States.
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It remains to be seen whether Zuckerberg is committed to free speech or whether he’s trying to appease incoming President-elect Donald Trump, who has previously threatened to jail the Meta CEO.
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Stablecoin issuer Tether has sued Swan Bitcoin for “significant breaches” in their joint venture agreement.
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The lawsuit was confirmed by Tether, which issued the following statement to Cointelegraph:
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The lawsuit, which was filed in the High Court of England and Wales, stems from a joint mining venture called 2040 Energy. Tether and Swan set up the operation in 2022 before Swan accused former employees of stealing proprietary information as part of a “rain and hellfire” sabotage campaign.
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https://warpcast.com/lucasjohnson0988/0x21ea2caf
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In August, Swan CEO Cory Klippsten was removed from his leadership role at 2040 Energy.
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Tether has denied any wrongdoing, claiming that it abided by its contractual rights under the joint venture agreement.
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Crypto has become a lucrative business for the German stock exchange Boerse Stuttgart, which reported a significant revenue boost from digital asset trading services.
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According to a Jan. 15 report by Barron’s, Boerse’s crypto trading volumes tripled last year, accounting for a whopping 25% of company revenues. By the end of 2024, clients held 4.3 billion euros ($4.4 billion) worth of digital assets at Boerse.
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