BitGo Secures Crypto Custody Business License From Germany's BaFin

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BitGo has obtained a crypto custody business license from the German Federal Financial Supervisory Authority (BaFin), issued on October 24. Prior to this, BitGo had stored crypto assets for its clients under BaFin's supervision as part of a transitional regime. BitGo described the awarding of the license as a "milestone" for the firm, adding that it helped to create a "secure regulatory framework" for crypto.

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Ray Dalio Cautions CBDCs Could Give Governments Greater Financial Surveillance, Control

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Ray Dalio cautioned that central bank digital currencies (CBDCs) will provide governments with extensive visibility into financial activities, potentially offering tighter control over transactions. He mentioned that CBDCs could function like money-market funds but may not be significant due to lack of interest.


AI.com’s Super Bowl Splash Exposed the Gap Between AI Hype and Reality

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AI.com, acquired for $70 million by Crypto.com's CEO Kris Marszalek, faced service outages during its Super Bowl debut. The platform aims to offer AI agents for managing tasks, but users criticized the credit card verification process before any functional tools were available.


Robinhood's Q4 Revenue Fell Short of Analyst Expectations Amid Bitcoin Dive

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Robinhood reported $1.28 billion in fourth-quarter revenue, a 27% increase from last year but below analysts' expectations. The company's net income dropped 33% year-over-year to $605 million, with its stock price falling 6.5% in after-hours trading.


SafeMoon CEO Braden John Karony Sentenced to 100 Months in Prison for Defrauding Investors

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SafeMoon CEO Braden John Karony was sentenced to 100 months in prison for defrauding investors in the SafeMoon token, ordered to forfeit $7.5 million, with victim restitution pending. Karony's defense efforts to reduce his sentence were unsuccessful, resulting in an 8-year, 4-month prison term.


Michael Saylor Says Strategy Won't Be Forced to Sell Bitcoin, Will Keep Buying 'Forever'

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Despite incurring over $5 billion in paper losses on Bitcoin purchases, Michael Saylor's firm plans to continue buying the cryptocurrency indefinitely. Saylor remains confident, stating they will not sell but continue to acquire Bitcoin every quarter.


Aave Labs and DAO at Odds Over Conflict-of-Interest Proposal

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Aave DAO initiated voting on a new conflict-of-interest policy inspired by recent internal tensions. The proposal aims to enhance transparency and accountability within the DAO by requiring disclosure of funding recipients and abstention in conflicted matters.


FTX Fraudster Sam Bankman-Fried Seeks New Trial After Dumping Lawyer

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Sam Bankman-Fried, convicted of fraud, requested a new trial in Manhattan after firing his attorney. Representing himself, he filed for a new trial under Rule 33, claiming to have discovered new evidence.


Blockchain.com Secures FCA Registration in UK

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Blockchain.com has obtained registration with the UK's Financial Conduct Authority, allowing it to offer crypto services in the country. This move provides users with increased protection and oversight of their funds under strict regulatory guidelines.


Ledn's BBB- Rating for Bitcoin-Backed Loans Is Highest Among Crypto Firms

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Ledn, a Cayman Islands-based firm, received a BBB- rating from S&P Global for its Bitcoin-backed loans. The rating is the best achieved by a crypto firm, surpassing others like DeFi lender Sky and Michael Saylor’s Strategy.


Crypus Court Rules Against Israeli Couple, Letting Police Open Safe Deposit Boxes in €700M Crypto Laundering Case

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The Cyprus Supreme Court ruled against an Israeli couple, allowing police to open their safe deposit boxes in a €700 million crypto laundering investigation involving multiple countries. The couple's attempt to stop the search was dismissed due to evidence linking them to the laundering network.