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Bitcoin
Robert Kiyosaki Breaks Down Rich Dad’s First Lesson — Says Bitcoin Provides ‘Lifelong Financial…
Rich Dad Poor Dad author Robert Kiyosaki has broken down Rich Dad’s lesson number one. Explaining in simple terms why the rich become richer, the renowned author said: “They understand the importance of preserving tangible…
Dubai Financial Authority Approves XRP as ‘Recognized Crypto Token’
Dubai’s financial regulator, the Dubai Financial Services Authority, has approved XRP as a recognized crypto token for use within the Dubai International Financial Centre (DIFC), a special economic zone. “Licensed virtual…
FBI Dives Into FTX Customer Records — Field Offices Issue Subpoenas to Bankruptcy Consultants
Reports indicate that the U.S. Federal Bureau of Investigation (FBI) has received data on FTX clients from the advisors of the now-insolvent firm. These consultants have complied with a minimum of five inquiries issued by the bureau’s…
Central Bank Gold Demand Swells in Q3 Amid Global Unrest
Central banks around the world maintained their appetite for gold in the third quarter of 2023, with their purchases totaling 337 metric tons, the World Gold Council’s (WGC) third-quarter report shows. Analysts from the council…
The Clock Ticks for Sam Bankman-Fried: Countdown to a Crypto Mogul’s Day of Reckoning
A jury has unanimously convicted Sam Bankman-Fried on a slew of charges, encompassing wire fraud, conspiracy to engage in wire fraud, and money laundering among the seven counts. The following is an in-depth look at what will happen between…
Crypto Gainers and Losers: This Week’s Market Snapshot
This week, while bitcoin and ethereum decelerated, they still managed a modest uptick of 2-3% against the U.S. dollar. Meanwhile, a roster of around 50 cryptocurrencies recorded double to triple-digit gains during the same seven-day span.…
NBA Star Seeks to Void Property Sale After Learning of Canadian Crypto King’s Past Occupancy
National Basketball Association player Shai Gilgeous-Alexander is suing owners of the lakefront mansion previously occupied by Canada’s “crypto king.” The basketball player also claimed to have learned of Pleterski’s…
Aave’s GHO Stablecoin Grapples With Dollar Peg Stability: Liquidity Fixes on the Horizon
The decentralized finance (defi) protocol Aave’s stablecoin asset called GHO has been struggling to keep its peg to the U.S. dollar. While it is coasting along at $0.966 per unit at the time of writing, five days ago it tapped an all-time…
HSBC Launches Tokenization Platform for Gold Markets
HSBC announced the launch of a platform that will allow the tokenization of gold bullion, with a stated potential market reach of $525 billion. Mark Williamson, HSBC’s global head of FX and commodities partnerships and propositions,…
Study: Stablecoin Activity the Highest in Q3 of 2023 With Approximately 400K Daily Active Addresses
By the end of Q3 2023, activity in the stablecoin category as measured by the number of daily active addresses (DAA) stood at over 400,000 — the highest in any category. In the decentralized finance (defi) category — the next…