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Lawyers representing former FTX CEO Sam Bankman-Fried, or SBF, have claimed the “extraordinary accommodations” offered by authorities were insufficient in order for him to prepare for his criminal trial in October. In an Aug. 25 filing in United States District Court for the Southern District of New York, SBF’s legal team said the plan proposed
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On the latest episode of Macro Markets, Cointelegraph analyst Marcel Pechman explains why United States consumption remains strong while auto-loan and credit card balance delinquency is accelerating. According to Pechman, consumers built a cushion of extra cash savings as the U.S. government injected money to avoid a recession and temporarily forgave student loan repayments. But, according
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Stablecoin issuer Tether maintains a liquidity cushion of nearly $3.3 billion to provide stability to the Tether ecosystem and garner trust among shareholders.  Tether’s reserves report as of Aug. 24 reveals a combined surplus in shareholder capital cushion of $3.29 billion — spread over 15 blockchain ecosystems. Apart from Algorand and Polygon, Tether has reserved
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Binance’s peer-to-peer (P2P) cryptocurrency exchange in Russia has continued facilitating transactions through sanctioned banks like Rosbank after denying relationships with “any banks.” On Aug. 23, multiple local news sources reported that Binance P2P has renamed some of its troubled payment options for withdrawals and deposits, namely the sanctioned Russian banks like Tinkoff and Rosbank. The
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Investment firms ARK Invest and 21Shares have teamed up to apply for two Ethereum futures exchange-traded funds after reports emerged last week that the United States securities regulator could soon begin approving applications. The two proposed Ethereum futures ETFs are “ARK 21Shares Active Ethereum Futures ETF” (ARKZ) and the “ARK 21Shares Active Bitcoin Ethereum Strategy
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Our weekly roundup of news from East Asia curates the industry’s most important developments. HashKey Hong Kong to commence retail trading  Crypto exchange HashKey, the first licensed virtual asset provider in Hong Kong, will open its doors to residents for retail trading on August 28.  According to local news reports, investors will only be allowed
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