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Latest from Sheldon Reback
Australia Senate Committee Rejects Crypto Bill From Opposition Senator Andrew Bragg
Bragg said the Labor government had put regulating crypto in the slow lane.
First Mover Americas: Bitcoin Hovers Below $26K; Stellar’s XLM Rallies
The latest price moves in crypto markets in context for Sept 4, 2023.
Crypto ETF Opportunity Doesn't Stop at Bitcoin, Extends Into Multiple Digital Assets: Bernstein
The industry push for an ether spot ETF will follow immediately after a bitcoin ETF approval since ETH has a similar market structure of a traded CME futures market and a spot market, the report said.
Larry David’s Super Bowl Ad Casts Doubt on FTX.US Separation, DOJ Says
Sam Bankman-Fried says the FTX exchange’s bankruptcy isn’t relevant ahead of his October fraud trial.
Bitcoin's Use as Margin Collateral in Crypto Futures Trading Is Growing
Using BTC as collateral for a derivative is effectively a double whammy, according to analysts.
Traders Are Paying 2,000% to Buy CYBER as Social Network's Tokens Soar
The price of the tokens has more than doubled on some exchanges in the past week in an otherwise little-changed market.
Stablecoins Can Provide an Escape From High-Inflation Currencies: Brevan Howard Digital
Usage has shown a low correlation with crypto exchange volumes, which suggests that significant stablecoin transaction volumes are likely being used for non-speculative purposes, the report said.
Lira-Backed TRYB Token Becomes World's Second-Largest Non-Dollar-Pegged Stablecoin
BiLira's TRYB stablecoin is pegged to the lira (TRY) and 100% backed by fiat reserves held in Turkish banks.
HashKey Capital's $100M Digital Asset Fund to Invest Significantly in Altcoins: Reuters
Less than half of the fund's investments will be in bitcoin (BTC) and ether (ETH), the two largest cryptocurrencies, with the aim of diversifying allocations to smaller cap assets.
Elon Musk's X Has Licenses in Multiple U.S. States to Process Payments, Including Crypto
Musk's social media platform, X, formerly Twitter, has obtained money or currency transmitter licenses in seven U.S. states including Maryland, New Hampshire and Rhode Island.
