Author name: Peter

Significant Staff Reductions at Cryptocurrency Investigation Leader Chainalysis

In the wake of ongoing challenges within the cryptocurrency domain, blockchain forensics pioneer, Chainalysis, has announced major staff layoffs. This decision, marking the second of its kind this year, speaks volumes about the increasing turbulence in this digital realm. Incumbent industry forces, coupled with rigorous regulatory measures, are compelling crypto ventures to reassess their operational […]

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Understanding the Robust Performance of Cryptocurrencies: An Evaluation of Bitcoin Cash and Tron

The world of cryptocurrencies continues to be a dynamic landscape brimming with fascinating trends, including the impressive surge experienced by Bitcoin Cash (BCH) and Tron (TRX). Even in the face of certain challenges, such as fluctuating market trends, these cryptocurrencies continued to demonstrate commendable resilience, emerging from the crucible stronger than ever. A Closer Look

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Kraken Gains Stature in European Market with Acquisition of Prominent Dutch Crypto Broker

In an ambitious bid to bolster its foothold in the European market, the celebrated cryptocurrency exchange, Kraken, has unveiled its strategy to take over the Dutch crypto brokerage, Coin Meester B.V. (BCM). The Netherlands, famed for its culture of innovation and substantial crypto adoption, is key to USA-based Kraken's European blueprint. Accelerating their continental growth

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Alleged Misuse of Client Funds: FTX Co-Founder Gary Wang Reveals Startling Details

FTX's co-founder, Gary Wang, has recently provided a compelling testimony to federal prosecutors, accusing CEO Sam Bankman-Fried of secretly diverting billions from customer accounts to benefit his hedge fund, Alameda Research. During his testimony, Wang revealed how Bankman-Fried instructed him to create a specialized trading tool that allowed Alameda to overdraw its account, using FTX

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When Inflation Becomes Overwhelming: A Look at the CPI Report and its Implications

Introduction Traders and investors closely awaited the release of the CPI report last week, which provided valuable insights into the current state of inflation. As expected, the report indicated that inflation had surpassed expectations and recorded its largest monthly increase in August this year, with a year-on-year increase of 3.7%. Surprisingly, the reaction in the

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