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Top Crypto Stories This Week: From Drink Spiking in HK to Bitcoin Spiking to $72K
Bitcoin surged past $70K, peaking at $72K before a dip. Yet, crypto firms Kraken, Consensys, and dYdX faced layoffs, Coinbase missed earnings, and Tether is under U.S. probe. Amid this, ex-DWF co-founder Eugene Ng faces drink-spiking allegations, casting scrutiny on crypto's ethics.
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De-Dollarisation: More BRICS in the Wall
The BRICS nations, led by China and Russia, are accelerating efforts to reduce reliance on the US dollar in global trade and finance. Cryptocurrencies and blockchain technology are emerging as key tools in this de-dollarization push, even as BIS officials are considering nixing the mBridge project.
Meet DWF Partner Eugene Ng - The Alleged Drink Spiker Scrubbed From Company Website
DWF Labs partner Eugene Ng tweeted "today's gonna be a good day" just hours before allegedly spiking a potential hire's drink and inviting her to his suite
Cryptos Bounce From The Regulatory Hit To "Too Big To Fail" Tether
Bitcoin hits $70K amid Tether probe, US election jitters, and inflows into crypto ETFs. Trump’s crypto-friendly stance boosts optimism.
Tether Confirms BTC Reserves But Is USDT Still a $120B Scam Amid US Probe?
Tether’s dominance and profit growth come as scrutiny over its role in global finance escalates. US agencies are investigating USDT’s links to national security threats, despite denials
Latest
Kraken Cuts 15% of Workforce, Appoints New Co-CEO
The recent layoffs at Kraken follow similar moves by other prominent crypto companies, including Consensys and dYdX.
Judge Spares Former FTX Head Nishad Singh From Prison Time
Nishad Singh, former FTX Head of Engineering, has received no prison time due to his cooperation, with Judge Kaplan calling it "remarkable"
Tether Reports Record-Breaking Q3 2024, Bolsters Reserves
Amidst regulatory scrutiny, the company reported a record-breaking performance, driven by strong growth and a strengthened reserve position.
Coinbase Announces $1B Share Buyback as Stock Plummets Amid Weak Earnings
Coinbase's stock tumbles after Q3 earnings miss despite $1B share buyback and a booming crypto market