o758037 pfp

o758037

@o758037

199 Following
92 Followers
o758037 pfp
o758037
@o758037
Prosecutors also said the executives “would lie to potential clients about the cost of the machines” to make an additional profit and kept a spreadsheet with the real and inflated prices of mining rigs, which were “well above the stated 13-15% procurement fee that they would show to potential clients.”
0 reply
0 recast
0 reaction
o758037 pfp
o758037
@o758037
The trio also “used money from new clients — which the new clients believed had been used to purchase their miners — to buy Bitcoin and transfer it to the earlier clients without telling the earlier clients that their miners were not actually operating,” the complaint alleged.
0 reply
0 recast
0 reaction
o758037 pfp
o758037
@o758037
Fortunately, a fast-growing sector of Bitcoin decentralized finance (DeFi) applications and layer-2s is unlocking Bitcoin’s liquidity by creating a native DeFi ecosystem that will be one of the hottest new sectors in crypto during 2025.
0 reply
0 recast
0 reaction
o758037 pfp
o758037
@o758037
While the digital gold narrative is attracting increased institutional and retail interest — as can be seen by the record inflows in Bitcoin exchange-traded funds since their launch in January 2024 and the recent new all-time high — the vast majority of Bitcoin is sitting idle in wallets and is unproductive. With a market capitalization of over $2 billion, there is a vast untapped potential to put Bitcoin’s liquidity to work.
0 reply
0 recast
0 reaction
o758037 pfp
o758037
@o758037
Bitcoin is the oldest, most prominent, most secure blockchain and asset in the crypto space. Recently, it proved critics wrong by setting a new all-time high and breaking the psychologically significant barrier of $100,000, and continuing to break new all-time highs. While its adoption is steadily increasing, its primary use case has changed over the last 15 years since its inception. It was initially created as a peer-to-peer digital currency, but it has evolved to be seen as digital gold.
0 reply
0 recast
0 reaction
o758037 pfp
o758037
@o758037
In its heyday, FTX was one of the most prominent cryptocurrency exchanges in the world, bringing in millions of users from dozens of countries. That changed in less than a week in November 2022 after the firm reported liquidity problems and was forced to declare bankruptcy.
0 reply
8 recasts
15 reactions
o758037 pfp
o758037
@o758037
Though Bitcoin ended 2024 having reached an all-time high price of more than $100,000, the year also marked the end of criminal cases of many high-profile cryptocurrency industry leaders and scammers.
0 reply
2 recasts
14 reactions
o758037 pfp
o758037
@o758037
After their 2024 election wins, some in the industry have suggested that they will continue their approach to supporting candidates in the 2026 midterms and beyond. As of November, Fairshake reported having roughly $103 million to be used for the 2026 election cycle, primarily funded by Coinbase and Ripple. All 435 House members, serving two-year terms, will be up for election again at that time.
0 reply
2 recasts
15 reactions
o758037 pfp
o758037
@o758037
A new report by research firm Kaiko and Netherlands-based crypto exchange Bitvavo highlights the expansion of cryptocurrency trading in Europe, with euro trading volumes rising and stablecoin use adapting to new regulations.
0 reply
1 recast
13 reactions
o758037 pfp
o758037
@o758037
As cryptocurrency adoption grows in Europe and regulatory frameworks develop, compliant stablecoins are capturing a significant market share, signaling a notable shift in their usage across the region.
0 reply
1 recast
12 reactions
o758037 pfp
o758037
@o758037
The German bank has hinted at future partnerships in the United Kingdom and other European countries.
0 reply
1 recast
13 reactions
o758037 pfp
o758037
@o758037
Deutsche Bank offers fiat-to-crypto exchange and cross-border trading services to crypto companies, among other banking services.
0 reply
1 recast
13 reactions
o758037 pfp
o758037
@o758037
On Dec. 10, Deutsche Bank partnered with crypto exchange Crypto.com to provide corporate banking services across Asian-Pacific markets, covering regions including Singapore, Australia and Hong Kong.
0 reply
1 recast
10 reactions
o758037 pfp
o758037
@o758037
The technology offers regulatory tools such as “super admin rights,” enabling financial regulators to monitor and audit transactions when required.
0 reply
1 recast
8 reactions
o758037 pfp
o758037
@o758037
L2 blockchains operate on top of primary layer-1 networks like Ethereum, enabling faster and cheaper transactions.
0 reply
1 recast
6 reactions
o758037 pfp
o758037
@o758037
While the bank hopes to launch the platform as a minimum viable product in 2025, regulatory approval remains the next critical step to determining the release of its L2 blockchain.
0 reply
1 recast
4 reactions
o758037 pfp
o758037
@o758037
If successful, Deutsche Bank’s approach may encourage financial institutions to interact more with decentralized networks, Bloomberg reported.
0 reply
1 recast
4 reactions
o758037 pfp
o758037
@o758037
Deutsche Bank’s initiative indicates a push to use blockchain technology while addressing regulatory hurdles, potentially prompting other institutions to adopt asset servicing or to follow similar paths.
0 reply
2 recasts
4 reactions
o758037 pfp
o758037
@o758037
The Journal’s report came the same day a Washington, DC, federal judge in a Coinbase-backed Freedom of Information Act (FOIA) suit criticized the FDIC for heavily redacting so-called “pause letters” it sent to banks.
0 reply
1 recast
4 reactions
o758037 pfp
o758037
@o758037
Last month, Musk wrote on his X platform that “there are too many duplicative regulatory agencies.” He also called to “delete” the Consumer Financial Protection Bureau (CFPB), which was created in the wake of the 2008 global financial crisis that was caused by predatory bank lending and a lack of regulatory oversight.
0 reply
1 recast
4 reactions