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FTX, Alameda allegedly schemed to cash in on Tether: lawsuit
Cryptocurrency trading platform FTX used a Bahamas-based lender, Deltec Bank & Trust Ltd., to secretly create and sell Tether (USDT) stablecoins as part of a profit-making scam, according to a new lawsuit reported by Bloomberg. Alameda Research, FTX’s sister firm, was also named in the lawsuit, which was filed Friday, in a Florida court. Caroline…
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BNB, VET, RNDR and KAS flash bullish as Bitcoin bulls fight to hold $52K
Inflows into the spot Bitcoin (BTC) exchange-traded funds (ETFs) topped $2.2 billion between Feb. 12 and Feb. 16, indicating a strong investor appetite. Bloomberg analyst Eric Balchunas said in a X post that BlackRock’s iShares Bitcoin Trust (IBIT) has attracted year-to-date inflows of $5.2 billion, which is “50% of BlackRock’s total net ETF flows, out…
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JPMorgan Analyst Criticizes Coinbase's Lack of Insights Into Its ETF Business
Coinbase reported strong fourth-quarter earnings on Thursday, partly driven by the launch of the ten spot bitcoin exchange-traded funds (ETFs). JPMorgan Analyst Criticizes Coinbase's Lack of Insights Into Its ETF Business