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In a significant development in the FTX scandal, former executive Nishad Singh has captured the attention of US prosecutors with his willingness to cooperate during the investigation into the failed cryptocurrency exchange. According to a recent court filing dated October 23, prosecutors are advocating for favorable consideration of Singh’s “substantial assistance,” emphasizing his earnest remorse
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India stands at a crossroads regarding the future of cryptocurrencies and the potential implementation of Central Bank Digital Currencies (CBDCs). While the subcontinent has recognized a growing wave of cryptocurrency adoption, it now faces increasing scrutiny over the safety and stability of private digital currencies such as Bitcoin. Recent discussions within regulatory bodies reveal a
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The cryptocurrency market has shown an impressive upward trend, particularly noted on October 14, 2024. This particular rally, sparked in part by Vice President Kamala Harris’s unveiling of a new regulatory framework for digital assets, reveals a profound investor optimism in the market. Such developments underscore not only the volatile nature of cryptocurrencies but also
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In an escalating legal confrontation, Coinbase has initiated a motion for partial summary judgment against the United States Securities and Exchange Commission (SEC). This legal maneuver comes as the exchange seeks internal documents that could illuminate the SEC’s enforcement strategies concerning the cryptocurrency market. The lawsuit arises from the SEC’s denial of a Freedom of