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2022-12-25 05:58:02 Caroline Ellison admits to concealing billions of dollars of FTX loans

FTX associate Caroline Ellison admitted during her plea deal that she concealed billions of dollars worth of loans, according to a Reuters report on Dec. 23. FTX to borrow funds from Alameda without limit. The two executives also hid that fact from investors and the wider public.

Alameda Research is generally considered a sister firm of FTX, as Bankman-Fried founded both firms. While FTX operated as a cryptocurrency exchange, Alameda served as a hedge fund, allowing the two companies to work together closely. Ellison admitted to the lending arrangement in a statement to U.S. District Judge Ronnie Abrams in Manhattan federal court.

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2022-12-25 05:40:04 Airlines cancel 5,700 U.S. flights amid fierce winter storms

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2022-12-25 05:11:04 North Korean Hackers Have Stolen $1.2B in Crypto Since 2017

Hackers sponsored by North Korea have stolen an estimated 1.5 trillion won ($1.2 billion) in cryptocurrencies from around the world since 2017, according to an AP News report citing South Korea's main spy agency, the National Intelligence Service (NIS).

The NIS believes that North Korea is among the best in the world when it comes to stealing crypto as the country turned its focus on cybercrime after U.N. economic sanctions were toughened in 2017 in response to its nuclear and missile tests. Of that sum, a reported $78 million has come from South Korea.

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2022-12-25 04:32:02 Bank of England's Cunliffe Pushes for Crypto Regulation

Bank of England Deputy Governor Sir Jon Cunliffe has revealed that the British central bank is planning to step up its efforts to regulate cryptocurrency trading with new laws. “We should think about regulation before it becomes integrated with the financial system.

Sir Jon Cunliffe, Bank of England (BOE)’s deputy governor for financial stability, talked about cryptocurrency in an interview with Sky News Thursday. He explained that the British central bank plans to step up its effort with new laws to regulate crypto trading following the collapse of crypto exchange FTX.The Bank of England deputy governor noted that trading.

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2022-12-25 04:14:00 The art of the drop: Trump NFTs may prove the utility of utility

Donald Trump’s recent NFT drop was ridiculed. Bigly. But the former U.S. president seems to have had the last laugh and may have provided the digital asset community a valuable lesson if they can get past the snark. Trump managed to sell out his collection in a matter of hours in a market where NFT trading volumes have declined more than 90% from earlier this year. And while speculation runs rampant on Twitter and in the media about the identity of those who own a large number of valuable Trump NFTs, with other Twitter users pointing to evidence that suggests the collection used copyrighted material.

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2022-12-25 03:14:01 Russian Parliament Postpones Adoption of Crypto Mining Bill

Russian lawmakers will consider a draft law on cryptocurrency mining in 2023 despite earlier indications they were going to vote on the proposal in December. The bill is expected to set the rules for the extraction and sale of cryptocurrency in Russia amid sanctions limiting. Members of the State Duma will review and vote on the draft law designed to legalize cryptocurrency mining in the Russian Federation in 2023, the head of the Financial Market Committee Anatoly Aksakov announced in comments for the crypto section of the business news portal RBC. positions of the various regulators involved in the process.

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2022-12-25 02:36:03 WALL STREET 2022 PERFORMANCE:

*DOW -8.6%
*S&P 500 -19.3%
*NASDAQ -32.9%
*RUSSELL 2000 -21.6%

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2022-12-25 00:41:00 Samsung Is Investing More Than $35 Million in Latam-Focused Metaverse Initiatives

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2022-12-24 23:03:00 Elrond (MultiversX) Lists on Top US Exchange Coinbase

EGLD, the native token underlying the MultiversX (formerly Elrond) blockchain, is now listed on Coinbase, the largest U.S. crypto exchange by trading volume. EGLD trading is now available to over 108 million users in over 100 countries, including institutional entities, thanks to this new listing. This would suggest that the listing would give more users access to the MultiversX (EGLD) ecosystem.According to a Coinbase publication, trading on the EGLD/USD pair has started today, and deposits and withdrawals of EGLD are already open within the Coinbase web and mobile product suite. This news follows a string of strategic listings for EGLD, including key placements on U.S. markets, and likewise represents a big milestone.

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2022-12-24 22:59:02 Be ‘very wary’ of crypto proof-of-reserve audits: SEC official -Link

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