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Lucid Motors Stock Sinks to All-Time Lows on Tepid Q3 Deliveries
Lucid Motors stock (NYSE: LCID) fell to an all-time low in US price action today amid the broad-based sell-off in electric vehicle (EV) stocks. The company also missed Q3 delivery estimates which is also adding fuel to the fire. Lucid... -
South Korea’s FSS Targets January for Digital Asset Legislation Launch
South Korea’s Financial Supervisory Service (FSS) is ramping up efforts to bring much-needed regulation into the burgeoning crypto space. According to the body’s head, Lee Bok-hyun, crypto asset legislation should come into force by January 2024. New Standards for Crypto... -
FTX Customers Set to Recover $9B by End of Q2 2024
The customers of bankrupt crypto exchanges FTX global and FTX.US are set to recover about 90% of their total assets following a new set of agreements. FTX.com Customers to Get $8.9B In an October 17 tweet, FTX debtors announced they... -
Nigerian Central Bank Eases 2015 Import Restrictions to Boost Naira’s Value
On October 12, the Central Bank of Nigeria made an important decision. They decided to remove some restrictions that limited the use of foreign money for buying 43 different items. These rules had been in place since 2015 and these... -
US Government Has $5 Billion Worth of Bitcoin – Here’s How It Happened
The United States government has become one of the world's largest Bitcoin (BTC) holders, having acquired approximately 215,000 coins valued at around $5 billion. This accumulation stems from seizures associated with criminal activities, firmly establishing the government as a major... -
Israeli Police Freeze Hamas-Linked Crypto and Bank Accounts Amid Rising Tensions
Israel's police have taken action to freeze cryptocurrency accounts linked to Hamas on Binance, a popular crypto exchange. In a significant development, Hamas, a Palestinian militant group, has conflicted with Israel. Moreover, the police announced this move through their official... -
JD.com Stock Falls to Record Lows After Flurry of Earnings Downgrades
JD.com (NYSE: JD) stock hit its all-time lows in yesterday’s Hong Kong price action as analysts get jittery over the growth outlook for the Chinese e-commerce company amid a sagging Chinese economy. Multiple brokerages slashed their earnings estimates amid a... -
CEO Pleads Guilty to Manipulating Crypto Futures in Cherry-Picking Scheme
Former CEO of Systematic Alpha Management LLC (SAM), Peter Kambolin, pleaded guilty to his involvement in a cross-border scheme related to foreign exchange and cryptocurrency futures contracts. He now faces a maximum penalty of five years in prison, pending the... -
Sergio Massa: Argentina’s Push for Digital Currency & Tax Cuts
The government is taking a major step forward in Argentina by launching its national digital currency. This move is all about bringing their financial system into the modern age and making their economy more stable. Meanwhile, Volcano Energy has taken... -
Court Grants Genesis Bankruptcy Settlement Request of $175M to FTX
A federal court has granted approval for a $175 million settlement between the now-defunct Genesis Global Trading and the FTX exchange. According to the court’s ruling, Alameda Research, an affiliate of FTX, is eligible to receive this specified sum, marking...


