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Sergei Potapenko and Ivan Turõgin asked a court for time served after admitting to wire fraud, but US prosecutors want them imprisoned for 10 years for their "classic Ponzi scheme.”
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Latest News on Business
When we talk about the role of Bitcoin (BTC) or blockchain in business, we are talking about either business ventures building blockchain/cryptocurrency systems, products or infrastructure; or the integration and adoption of cryptocurrency in existing enterprises as a supported payment method.
Bitcoin and cryptocurrency businesses face incredible challenges on two fronts: regulation and adoption.
Over the years, many high-profile crypto businesses such as some of the leading exchanges have had to move operations across the country or to other countries entirely to avoid severely inhibiting regulatory constraints in certain jurisdictions.
At the same time, mainstream adoption by individuals and established businesses is a very steep uphill battle for entrepreneurs as they attempt to make crypto more accessible and compelling to enterprises and laypeople alike.
Stay tuned as we chronicle blockchain and cryptocurrency’s shifting role in the world of business.
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Bitcoin asset manager Parataxis will go public via a SPAC deal that could see up to $640 million in gross proceeds to fund a Bitcoin treasury.
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South Korea’s KakaoBank is looking at services for the issuance and custody of stablecoins with plans to “actively participate” in the crypto market.
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Shares in IREN closed trading on Wednesday up 11.4% after it reported mining more Bitcoin than MARA Holdings in July.
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Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
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The deal marks Bakkt’s latest pivot toward becoming a crypto treasury company, with a 30% stake in Tokyo-listed Marusho Hotta and plans to rebrand it as bitcoin.jp.
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The deal was announced in response to the White House’s recent policy strategy to make the United States the AI capital of the world.
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Initial DEX offerings have strayed from their retail-first promise, becoming dominated by institutions and high barriers to entry. IDOs could reclaim their promise.
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Tokenized stocks are nearing an inflection point that may lead to a $1.3 trillion market opportunity, according to Binance Research.
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Apex Fusion will debut Vector, a Cardano-aligned blockchain that claims instant finality and 10x transaction speed, at Rare Evo on Saturday.
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SBI Holdings unveiled plans for exchange-traded products, including a gold-crypto ETF and a Bitcoin-XRP dual ETF.
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Satsuma Technology secured $217.6 million in its latest raise, with over half settled in Bitcoin, drawing support from top crypto funds and UK institutional investors.
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UK-listed Smarter Web Company raised $21 million via Bitcoin-denominated bonds, backed by Tobam, offering a new model for crypto-aligned fundraising.
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Crypto scammers are switching from code to exploiting human vulnerabilities that don’t require breaking through complex cybersecurity guardrails.
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South Korea’s BDACS has rolled out institutional custody support for XRP, following its partnership with Ripple and integration with top South Korean exchanges.
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