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Bitcoin Spikes Above $28K; SBF’s Attorney Fees Paid by His Father With Gifted Alameda Funds: Forbes

Bitcoin (BTC) is jumping above the $28,000 level and is on track for its best quarter in two years. Separately, a new report from Forbes states that FTX founder Sam Bankman-Fried's father, Joseph Bankman, has been paying his son's legal fees with money borrowed from FTX’s sister company.

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Liability of Decentralized Autonomous Organizations (DAOs) Explored in U.S. Court

A U.S. court in California has ruled in favor of plaintiffs who alleged that the bZx protocol and governance token-holding members of its decentralized autonomous organization (DAO) were negligent and liable for losses resulting from a hack that drained its treasury. "The Hash" panel discusses the case and the implications for the future of DAOs.

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North Korea Hackers Likely Exploit Cloud Mining Services to Launder Stolen Crypto: Mandiant Research

North Korean hacker group APT43 probably uses cloud mining services to launder stolen crypto, according to research by Google-owned cybersecurity firm Mandiant. "The Hash" discusses the latest in the world of crypto crime.

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UK NFT Project Dropped Over Lack of Demand: Finance Minister

The U.K. government has decided to drop the highly anticipated non-fungible token (NFT) project initially announced last April, citing a lack of demand for an NFT issued by the Royal Mint, Finance Minister Jeremy Hunt said in a Treasury Committee meeting on Wednesday. "The Hash" panel discusses what this suggests about the state of the NFT markets.

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Binance Concealed Extensive Links to China for Years: Financial Times

According to the Financial Times, Binance hid the company's presence in China for several years, contrary to claims made by its executives that the crypto exchange left the country after a local crackdown on the industry in late 2017. "The Hash" panel discusses the latest on Binance amid continued regulatory scrutiny.

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Metaverse Seeing a 'Cool Down Moment' Amid Crypto Winter: Expert

Journey's Chief Metaverse Officer Cathy Hackl addresses the metaverse's "cool down moment" as Disney reportedly lays off its metaverse team. This comes as Metaverse Fashion Week ramps up, with luxury brands like Dolce and Gabbana participating. "We were on this train, destination metaverse," Hackl added, and a lot of people on the hype part of the train are now "off."

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Bitcoin Recovers Above Key $28K Level

Bitcoin (BTC) is heading for its best quarter in two years, outperforming ether, gold and the Nasdaq. Bitcoin is "the biggest beneficiary of everything that's going on," said Arca Chief Investment Officer Jeff Dorman. Dorman added that with the recent banking failures, "every single person is now having to re-rank what it means to own something safe."

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How Could CFTC Complaint Against Binance Impact U.S. Users?

The U.S. Commodity Futures Trading Commission (CFTC) could require Binance to cease operations in the U.S. as part of a potential settlement, Bernstein analysts predict. Braden Perry, Kennyhertz Perry partner and former CFTC senior trial lawyer, weighs in on how Binance.US customers could be affected.

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FDIC Tries to Push Crypto Depositors Stranded by Signature Failure to Cash Out

The Federal Deposit Insurance Corp. (FDIC) is trying to hurry the stranded crypto customers out the door of the temporary entity that holds the assets of the former Signature Bank, asking them to cash out by next week. CoinDesk's managing editor for global policy and regulation Nikhilesh De weighs in.

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XRP Climbs for a Second Day

XRP tokens jumped for a second straight day, adding as much as 11% in the past 24 hours. They were buoyed by speculation that the classification of bitcoin and ether (ETH) as commodities in the U.S. Commodity Futures Trading Commission (CFTC) suit against Binance might mean XRP tokens are classified as commodities as well. Arca Chief Investment Officer Jeff Dorman discusses the recent surge and why DeFi protocols could provide investors with "downside protections."

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