Crypto Genius™

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Preparing for Trial: Sam Bankman-Fried’s Legal Team Seeks Temporary Release

Crypto News and Updates / Logan / August 25, 2023

Former FTX CEO Sam Bankman-Fried’s lawyers argue that the accommodations provided for his criminal trial preparation are inadequate. They claim that the millions of pages of discovery materials produced by the U.S. Justice Department are too overwhelming to access from jail. Bankman-Fried’s legal team believes that temporary release is necessary for him to properly participate in his defense. They emphasize his dedication to reviewing the voluminous discovery and creating analyses to share…

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Get your cryptocurrency news & events at cryptogeni.us! Image used for: Crypto Biz: Binance Fiat Troubles, Coinbase-Circle Realignment, and Shopify's USDC Integration

Crypto Biz: Binance Fiat Troubles, Coinbase-Circle Realignment, and Shopify’s USDC Integration

Crypto News and Updates / Logan / August 25, 2023

This week’s Crypto Biz explores the latest on Binance’s global on-ramps and off-ramps, Coinbase-Circle re-alignment, and Shopify’s acceptance of USDC payments. Binance faces issues with fiat withdrawals in Europe due to SEPA transfer problems, while Binance.US partners with MoonPay to use Tether (USDT) as its new ‘base asset.’ Coinbase and Circle shut down the Centre Consortium to comply with stablecoin regulations, with Coinbase taking an equity stake in Circle. Shopify introduces Solana Pay…

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Get your cryptocurrency news & events at cryptogeni.us! Image used for: Allegations of Illegal Activities at Worldcoin: Former Employee Speaks Out

Allegations of Illegal Activities at Worldcoin: Former Employee Speaks Out

Crypto News and Updates / Logan / August 25, 2023

A former employee of Worldcoin, who goes by the name Nadir Hajarabi, has come forward with allegations of questionable and potentially illegal activities within the company. Hajarabi claims to have witnessed these actions before quitting the project just before its token launch. The Worldcoin project, which aimed to use retinal scans for identity verification, faced criticism and scrutiny for its data collection methods and privacy concerns. Authorities in different jurisdictions are repor…

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The Impact of Robinhood’s Bitcoin Holdings on the Crypto Landscape

Crypto News and Updates / Logan / August 25, 2023

Robinhood’s recent accumulation of $4.24 billion in Bitcoin holdings has the potential to reshape the cryptocurrency landscape. The platform’s ownership of a significant amount of BTC introduces a new dynamic, as Robinhood is traditionally known for its focus on equities and options trading. This development highlights the growing influence of retail investors and challenges the dominance of crypto-native exchanges. The implications of Robinhood’s involvement in the crypto market could hav…

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