FinTech
How a Jack Dorsey-backed bitcoin miner uses a volcano in Kenya to turn on the lights in rural homes
HELL’S GATE, Kenya — Two-and-a-half hours northwest of Nairobi by car, a small group of bitcoin miners set up shop at the site of an extinct volcano near Hell’s Gate National Park. The mine, tucked away on the edge of Lake Naivasha, is operated by a startup called Gridless and consists of a single 500-kilowatt […]
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Messaging app Telegram to make it possible for Tether stablecoin payments
Stablecoin Tether and Circle’s USDC dominate the current market. Justin Tallis | Afp | Getty Images Telegram end users can now start out generating stablecoin USDT payments to each other by means of the encrypted messaging service’s connected blockchain. Telegram, which has around 900 million consumers around the globe, on Friday explained it will now […]
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Freetrade, Britain’s remedy to Robinhood, posted its 1st quarterly gain
The Freetrade brand on a smartphone screen. Rafael Henrique | Sopa Photographs | Lightrocket | Getty Pictures British inventory buying and selling application Freetrade strike eked out breakeven earlier this calendar year, the enterprise explained to CNBC, marking its first-at any time go into the black just after incurring full-yr losses in 2023. Freetrade claimed […]
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Ripple CEO predicts crypto current market will double in dimension to $5 trillion by the end of 2024
Critical Points Ripple CEO Brad Garlinghouse reported he expects the total price of the crypto market to double this year, citing the arrival of the first U.S. location bitcoin exchange-traded fund and upcoming so-known as bitcoin “halving.” “The total sector cap of the crypto business … is quickly predicted to to double by the stop […]
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Ripple to launch U.S. dollar stablecoin, having on a $150 billion sector dominated by Tether, Circle
In 2020, the U.S. SEC accused Ripple and its co-founders of breaching securities laws by providing its indigenous cryptocurrency XRP with no very first registering it with the SEC. Jakub Porzycki | Nurphoto | Getty Photographs Crypto startup Ripple is the hottest important participant to leap into the $150 billion stablecoin current market with the […]
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Coinbase spouse ClearBank posts to start with complete-year of financial gain as revenue almost doubles
Charles McManus, CEO of ClearBank, speaks at the Innovate Finance World wide Summit in April 2023. Chris Ratcliffe | Bloomberg | Getty Photos ClearBank, a British economic engineering firm powering payments for the likes of Coinbase, scored its initially comprehensive year of income following bigger desire rates served generate a 91% soar in revenues. The […]
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How Sam Bankman-Fried's ex-girlfriend and early recruit helped put the FTX founder behind bars for 25 years
Caroline Ellison, former chief executive officer of Alameda Research LLC, center, arrives at court in New York, US, on Tuesday, Oct. 10, 2023. Yuki Iwamura | Bloomberg | Getty Images In sentencing FTX founder Sam Bankman-Fried to a 25-year prison sentence on Thursday, Judge Lewis Kaplan cited testimony from Caroline Ellison, an ex-girlfriend of the […]
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SBF sentencing reside updates: FTX founder says he made ɾgocentric conclusions' at unsuccessful crypto exchange
FTX founder Sam Bankman-Fried instructed a judge at his prison sentencing hearing that he manufactured a “sequence of selfish conclusions” at the failed cryptocurrency exchange. “They constructed one thing genuinely lovely and I threw all of that away,” Bankman-Fried said of his co-workers at FTX. “It haunts me every single day.” “It’s been excruciating to […]
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Sam Bankman-Fried FTX fraud target tells choose: 'My whole existence has been destroyed'
NEW YORK, US – JANUARY 03: Sam Bankman-Fried leaves the court in New York, on January 03, 2023. Fatih Aktas | Anadolu Agency | Getty Pictures In a letter to the Section of Justice, an FTX purchaser who missing $4 million when the exchange submitted for bankruptcy in 2022 expressed disgust at a circulating narrative […]
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Ahead of sentencing, SBF workforce argues for 5-6 several years in jail mainly because FTX customers will get dollars back again
Govt exhibit in the situation versus former FTX CEO Sam Bankman-Fried. Supply: SDNY Whilst prosecutors are requesting that FTX founder Sam Bankman-Fried expend 40 to 50 many years in jail for his crimes, the protection staff is urging the judge to take into account a sentence that’s about 90% shorter. Bankman-Fried’s fate will be declared […]
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