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Economy

A collection of 596 issues

Ousted Binance Founder CZ’s Fortune Grows by $25 Billion in 2023 Amid Legal Challenges

IntroductionSummary of key points: Changpeng Zhao (CZ)'s net worth increase, legal challenges, and the broader context of the cryptocurrency market in 2023.Brief introduction of CZ and Binance.The Rise of CZ's Fortune in 2023Detail CZ's wealth growth: From what to what, key reasons for the increase.Discuss the

Worldcoin's Global Shift: Impact and Insights Post Shopify Integration

Subtitle: Analyzing the Sudden Withdrawal of Iris Biometrics Orbs from India, Brazil, and FranceIntroduction: Worldcoin, the ambitious digital identity venture known for its distinctive approach to biometric enrollment, has recently pulled its iris-scanning orbs from three key markets: India, Brazil, and France. This move comes amidst the company's celebrated success

Polkastarter Announces New IDO: Overlay Protocol (OV) - A Revolution in Decentralized Derivatives Trading

Introduction Overview of Polkastarter and Overlay Protocol: Briefly explain what Polkastarter is and its relevance in the cryptocurrency space. Introduce Overlay Protocol (OV) and its unique proposition in the decentralized finance (DeFi) ecosystem.Significance of IDO: Describe what an Initial DEX Offering (IDO) is and why it's important for projects

FTX Resolves Dispute with Bahamian Liquidators

Overview: FTX Trading, a bankrupt crypto exchange, has reached a settlement with the liquidators of its Bahamas unit.The dispute centered around whether the U.S. bankruptcy proceedings should have precedence over Bahamian liquidation.Key Details of the Settlement: Asset Pooling and Harmonized Valuation: FTX and FTX Digital Markets will

OKX's NFT marketplace topped $60 million

Introduction Overview of the key news: OKX's surge in NFT trading volume.Comparison with other marketplaces like Blur, OpenSea.Mention of Bitcoin Ordinals as a driving factor.Market Analysis Detailed statistics on NFT trading volumes.Comparative analysis of market shares of OKX, Blur, OpenSea, Magic Eden, and UniSat.Discussion on

SEC Denies Coinbase's Petition for New Crypto Asset Rules

IntroductionOverview of the SEC's decision on Dec. 15 to deny Coinbase's petition.Brief background on Coinbase's request from July 2022.Background of the PetitionDetails of Coinbase's original petition in July 2022.The aim for a new regulatory framework for crypto asset securities.Coinbase's criticism of current SEC rules as inadequate

"Ethereum to Surpass Bitcoin in 2024, Predicts JPMorgan: The Rise Following EIP-4844 Upgrade"

In a bold prediction that is stirring up the crypto community, JPMorgan, a leading global financial services firm, has forecasted that Ethereum will outperform Bitcoin by 2024. This anticipated shift in the crypto market dynamics comes in the wake of Ethereum's upcoming EIP-4844 upgrade, also known as proto-danksharding. The upgrade,

"BlackRock Revises Spot Bitcoin ETF, Opening Doors for Wall Street Banks"

IntroductionBrief overview of BlackRock's revision to its spot Bitcoin ETF.Importance of this revision in the context of Wall Street banking and cryptocurrency.BackgroundExplanation of what a Bitcoin ETF is.BlackRock's role in the financial and crypto markets.Previous challenges faced by banks in participating in crypto-based ETFs.BlackRock's Revised

FTX: IRS's $24 billion claim will rob lenders of their money

IRS Tax Bill Would Take Cash From Victims of FTX Bankruptcy In a dramatic turn of events in the ongoing saga of FTX Trading Ltd., the United States Internal Revenue Service (IRS) has placed a staggering $24 billion claim against the bankrupt crypto firm. This development, as reported in a

Binance Co-Founder Yi He Confronts Critics, Announces Plans for Headquarters and Board

Introduction: In a striking address, Binance co-founder Yi He has openly criticized certain users for their negative portrayal of the world’s largest cryptocurrency exchange. Emphasizing the company's resilience and future plans, He announced that Binance is poised to establish its headquarters and a formal board of directors, marking a