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Oct 11 2024CRIME

FBI's Fake Crypto Sting: A New Way to Fight Market Manipulation

Ever heard of the FBI tackling crypto crimes? They did just that by creating a fake crypto token called NexFundAI. This token was designed to look like those used in early AI projects. The goal? To catch criminals who were manipulating the market by making fake trades, a practice known as wash tradi

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Oct 11 2024CRYPTO

Crypto's Casual Takeover of Online Casinos

Online casinos are welcoming cryptocurrencies with open arms, especially in North America and Europe. This trend has given birth to a new term: crypto gaming, which means betting using digital currencies like Bitcoin and Ethereum on games, sports, and esports. Unlike traditional online casinos, cryp

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Oct 11 2024CRIME

FBI's Fake Crypto Company Busts Market Manipulators

Imagine a fake crypto company set up by the FBI to nab market manipulators. This isn't a movie plot; it's real life. The FBI received a tip from the SEC about a Boston-based crypto firm called Saitama, which was potentially manipulating markets. They decided to act, creating a fake company called Ne

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Oct 07 2024BUSINESS

A Big Shift: Nvidia’s Finance Head Joins a Startup

Simona Jankowski, who has been at the helm of investor relations and strategic finance at Nvidia for seven years, is leaving to join a startup as their chief financial officer. The move comes after her notable contribution to the company’s growth during her tenure. In 2017, when she joined Nvidia fr

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Sep 16 2024FINANCE

The Crypto Market's Election Anxiety: Trump vs. Harris, Who Will Win?

The cryptocurrency market has always been sensitive to political rhetoric, and the upcoming presidential election is no exception. The market has been on edge as the odds of Vice President Kamala Harris's victory rise above those of Donald Trump. The uncertainty surrounding the outcome has led to a

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Sep 16 2024FINANCE

Bitcoin's Bubble Bursts: Why Investors are Fleeing from Crypto ETFs

In the midst of a broader market selloff, investors are pulling their money out of Bitcoin ETFs at an alarming rate. More than $287 million was withdrawn from the 11 U.S.-listed ETFs on Tuesday, the largest outflow in four months, according to Farside Investors data. This sudden exodus raises questi

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Sep 16 2024BUSINESS

The Crypto Crash: A Cautionary Tale of FTX's Downfall

It's a tale of caution, a story of how even the most cutting-edge and sophisticated companies can crumble under the weight of deception. Thoma Bravo, a private equity investor, once hailed FTX as the "most cutting-edge, sophisticated cryptocurrency exchange in the world." But now, after the company'

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