EmpiresX ‘head trader’ to face 4 years of prison over $100M crypto ‘Ponzi’

One of the leading figures convicted of being behind the $100 million crypto “Ponzi” scheme, EmpiresX, has just been handed an over four-year jail sentence by a United States court. The sentencing was handed to Joshua David Nicholas, the “head trader” of purported crypto platform EmpiresX, who is nowset to serve a 51-month prison sentence […]

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Huobi, Poloniex announced strategic partnership despite initial denials of a merger

Huobi and Poloniex announced a strategic partnership on Nov. 30. Reports of a planned merger of the two cryptocurrency exchanges emerged and were denied last week.  The two exchanges will “progressively cooperate” on Huobi’s HT coin ecosystem development, connectivity, liquidity sharing and global compliance. Beginning in December, the Huobi Advisory Board will make a monthly […]

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Don’t’ believe the hype — Bitcoin price rally to $17K reflects improving sentiment

Bitcoin (BTC) price gained 6.1% between Nov. 28 and Nov. 30 after briefly testing the $17,000 support. Favorable regulatory winds might have helped fuel the rally after the Binance exchange announced the acquisition of a regulated crypto exchange in Japan on Nov. 30. Bitcoin 12-hour price index, USD. Source: TradingView Binance shut its operations in […]

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DeFi growth could lead crypto to the next bull run

The crypto sector continues to battle masive contagion following FTX’s collapse and the 2022 bear market. Despite total value locked in decentralised protocols falling significantly amid the crypto winter, DeFi still shows considerable growth over pre-pandemic levels. Away from price action, DeFi and NFTs have shown massive potential to drive adoption. In the depths of […]

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The late John McAfee tells the story of how he first found out about Bitcoin

From the Cointelegraph archives, John McAfee tells his crypto story and takes a look back at his very fascinating life. Early in his life, the computer programmer landed a job at the United States National Aeronautics and Space Administration, also known as NASA, and worked on the world’s first weather satellite. There, he learned about […]

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Gemini and Nexo get regulatory approval in Italy

Gemini and Nexo have joined crypto exchanges Coinbase, Binance, and Crypto.com in getting regulatory approval from Italy’s Organismo Agenti e Mediatori (OAM). KEY TAKEAWAYS Both Nexo and Gemini can now offer virtual asset services to Italian citizens. Nexo also plans to use expected EU laws on crypto to passport their license across member states. Besides Italy, […]

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OKX introduces staking for SAND, APE, GALA, ETC, and ENS

New feature will meet users’ needs for more seamless deposits and withdrawals The staking spots are few in number and available on the principle of first-come, first-served OKX users in Europe will not pay fees when buying crypto using their debit or credit cards OKX, the second biggest crypto exchange by trading volume in the […]

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