Congressman Auchincloss noted that FTX may have violated rules that already exist in the U.S., regardless of the technology.
The world's largest gaming company, Tencent saw a 3% increase in its international gaming revenue to $1.65 billion this quarter as domestic Chinese revenues dropped 7% following two years of tech industry crackdowns.
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Republicans Elect Steve Scalise to Be Next House Majority LeaderHouse Republicans elected Minority Whip Steve Scalise (R-LA) on Tuesday to serve as majority leader in the next Congress in anticipation that Republicans will narrowly clinch the chamber majority.
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FTX Contagion Spreads: Crypto Lender BlockFi Faces Potential BankruptcyBlockFi, a platform for crypto-backed loans and trading, may also face bankruptcy due to its exposure to FTX, the beleaguered cryptocurrency exchange that was led by Democrat megadonor Sam Bankman-Fried.
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Opinion | An SEC Rule May Cost FTX Crypto Customers BillionsFrom WSJopinion: The SEC put Americans investing in crypto assets in harm’s way. We and others warned the SEC that their policies might have this effect, write HalScott_HLS and John Gulliver
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Paradigm co-founder feels 'deep regret' investing in SBF and FTXThe collapse of FTX has prompted some in the crypto community to question whether investment firms such as Paradigm did enough due diligence on the firm.
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After Bankruptcy, FTX User Claims Pay Cents on the DollarDistressed asset investment firm Cherokee Acquisition put a midpoint 10 cents on a dollar guide price on FTX deposits on its marketplace. A more realistic price might be around 3 to 5 cents, says one investor. sndr_krisztian reports
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Crypto Needs an FDIC-Like Protocol to Prevent Liquidity CrisesCrypto, with increased adoption, will lead to a more equitable and inclusive financial system. But not if we continue to expect new users and veteran users left shouldering the risk alone. insurenimble's Adam Hofmann (ahrevival) writes. Opinion.
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