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Binance Lays Off 1,000 Employees, Could Cut Thousands More Jobs Amid DOJ Probe: Reports
Binance's legal troubles are mounting, and recent reports suggest the company is reducing its workforce in the thousands days after a string of executive exits.
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Crypto Will 'Transcend' US Dollar, Other Traditional Currencies, BlackRock CEO Predicts
BlackRock's Larry Fink believes cryptocurrencies have the ability to someday "transcend" all traditional currencies, about six years after he criticized digital assets, saying they could be used for money laundering activities.
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Judge Schools SEC, Says Agency Could've Given Exchange Heads Up Prior To IPO Approval
"You never could have said to them, 'Hey, you guys need to register as a securities exchange.' That was within the power of the SEC to do, was it not, " Judge Failla said, highlighting that it made sense for Coinbase to assume that it was in the clear since it received no warning from the SEC
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Bitcoin To Reach New Heights But Will See Downturn First, Says Top Crypto Trader
Although Bitcoin rallied last week due to the landmark decision of the court about the classification of Ripple Labs' native token XRP and other positive events, the maiden crypto saw some corrections after, which triggered the price of the crypto asset to trade above $30,000.
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Ripple CEO Says SEC 'Sowed Confusion In The Market,' Regulator's Appeal Could Take 'Years'
According to Garlinghouse, "the SEC 'sowed confusion' in the market." He noted that the financial regulator "knew there was confusion, and they actually did things that they knew would increase confusion."
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