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Crypto Currency Gaming News

Riot Games – League of Legends requests that the court strike down FTX as a cryptocurrency sponsor.

Sam Bankman-Fried was the target of various jabs in a motion submitted by Riot Games. Riot Games has filed a legal move to try to discontinue FTX’s sponsorship of its League of Legends Championship Series in an effort to sever its relationship with the disgraced cryptocurrency exchange. On Friday, Riot submitted a motion to the […]

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Crypto Currency

After the U.S. CPI Report revealed slower-than-expected November inflation, the price of bitcoin increased.

In a sign of success in the Federal Reserve’s drive to rein in spiralling inflation, the U.S. consumer price index (CPI) increased by 0.1% in November compared to the month before, less than forecast from October’s 0.4% pace. The CPI increased 7.1% on an annual basis, according to data released by the US Labor Department […]

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Crypto Currency

Ethereum and Bitcoin Price Increase Following Jobless Claims Data

On Thursday, cryptocurrency prices increased as Dow Jones futures increased following the most recent report on jobless claims.On Wednesday, digital assets decreased in value as the stock market continued to decline due to concerns over interest rate hikes and a possible global recession. Many professionals reject Sam Bankman-regrets Fried’s for the FTX catastrophe.Brian Armstrong, CEO […]

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Crypto Currency

BlackRock CEO: FTX Token caused its demise, but technology is still cutting-edge

BlackRock’s CEO considers the tokenization of securities as the next stage in the development of the financial market, despite having issues with tokens produced by centralised exchanges. According to the CEO of BlackRock, the largest asset management company in the world, FTX failed because it developed its own FTX Token, which was centralised and incompatible […]

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Crypto Currency

Bitfront, a cryptocurrency exchange, closes

Bitfront claimed the action had nothing to do with current disputes involving certain cryptocurrency exchanges that have been accused of “misconduct.” Despite attempts to overcome difficulties in the quickly developing business, Bitfront, a U.S. cryptocurrency exchange sponsored by Japanese social media company Line Corp, announced it has ceased new sign-ups and credit card payments and […]

Crypto Currency

Post-FTX Meltdown, JPMorgan Predicts Significant Changes in the Crypto Industry

Following the failure of cryptocurrency exchange FTX, JPMorgan has outlined significant changes it anticipates for the regulation of the cryptocurrency business. A number of new regulatory efforts, including those emphasising custody, customer asset protection, and transparency, are planned by the international investment bank. The collapse of FTX and its sister company Alameda Research “has not […]