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Ending Jack Mas Ant Groups two-year-long regulatory feud, Chinese authorities will reportedly impose a fine of more than $1 billion on the billionaires fintech company. What Happened: Chinas central bank which has been driving the revamp at Ant after the Xi Jinping-led administration scuttled the company's $37 billion IPO at the last minute in 2020
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At this point, you have probably absorbed, directly and indirectly, more than enough information on Web3s disgraced hero, Sam Bankman-Fried (SBF) and his currently insolvent businesses, FTX FTT/USD and its sister company, quantitative trading firm Alameda Research. Yet the story continues to unfold well beyond the investigations underway by the US Securities and Exchange Commission
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1.0K shares Pin Share 1.0K Tweet Email SHTFPreparedness may collect a share of sales or other compensation from the links on this page. A cosmetic doctor in Naples, Florida,was found deadin a ditch with a gunshot to his head after he was accused of raping patients while they were sedated during medical treatments. 54-year-old Eric
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Fintech has not only changed the way we do business, but how we lead our daily lives. Millions of times every day, Americans use fintech apps like Venmo and Zelle to send money straight from their phones, or Paypal and TorFxto conduct business transactions. Today, there are more than 26,000 fintech companies worldwide, including the
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Edwin Dorsey, a 24-year-old investing maven and author of the weekly newsletter, The Bear Cave, recently posted on Twitter that institutional trading platform, FalconX would no longer be using Silvergate Exchange Network (SEN). Dorsey shared a communication that appears to be from FalconX to its customers. The message stated: Out of an abundance of caution
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Last month, Blockworks hosted its Digital Asset Summit (DAS) at the Royal Lancaster Hotel in London, England. During this event, builders, financiersand enthusiasts gathered to speak about the new world of finance and cryptocurrency thats still developing. At the time, the markets were still picking up the pieces after an algorithmic stablecoin implosion which resulted
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Physicists have used a quantum computer to simulate the first-ever holographic wormhole and transport information through it. The “baby” wormhole, created on Google’s Sycamore 2 quantum computer was not created with gravity, but through quantum entanglement — the linking of two particles such that measuring one instantaneously affects the other. By entangling qubits, or quantum
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UK house prices fell more than expected in November and at the fastest pace since June 2020, as rising borrowing costs weighed on sentiment, according to mortgage provider Nationwide. House prices fell 1.4 per cent between October and November — the biggest fall since the country was in the depths of a coronavirus-related lockdown more
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President Joe Bidens administrationhas called for stronger regulatory controls over Bitcoin BTC/USD and other cryptocurrenciesin response to the scandal, potential fraud, and money lost through the collapse of Sam Bankman-Frieds FTX FTT/USD exchange and sister company, quantitative investment firm Alameda. White House Press SecretaryKarine Jean-Pierresaid, Without proper oversight, crypto risks harming everyday Americans, so this
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