bitcoin
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Binance May Sacrifice $4 Billion to Settle DOJ Case
The US Justice Department seeks $US4 billion from Binance to end a years-long investigation into the world’s largest cryptocurrency exchange, according to Bloomberg. Negotiations are reportedly underway that could subject Binance co-founder and CEO Changpeng Zhao (aka CZ) to criminal charges in the US. Bloomberg cites “people familiar with the discussions” as saying that the…
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You Can Now Use Crypto to Buy a Ferrari
Nothing says luxury like tapping into a digital trend that is past its best days. Italian car manufacturer Ferrari announced its intention to let the bourgeoisie purchase its luxury vehicles using cryptocurrency. The plan was born out of Ferrari receiving requests from its wealthy customers to use crypto to purchase vehicles, Reuters reported Saturday. As…
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Bitcoin Freefalls to Two-Month Low After SpaceX Write-Down
If the spectacular failure of Sam Bankman-Fried’s FTX exchange wasn’t evidence enough, the crypto bubble has officially popped. Now, Bitcoin, one of the most widely used cryptocurrencies, has fallen to a two-month low. Reuters reports that today Bitcoin fell to its lowest value since June 16—its value this morning was $US26,172. That’s a slight improvement…
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Tesla Is Dodging Apple’s 30% App Store Tax
Apple has a controversial policy in its App Store, one that’s drawn the ire of Elon Musk in the past. If you want to charge people to unlock a feature in your app, you need to use Apple’s “In-App Purchase” system. That routes the transaction through Apple’s payment network, and the $US3-trillion tech giant takes…