Bitcoin rebounds from key support as traders eye renewed push toward $80,000
BTC climbs after holding at the $75,600 support level while derivatives signal de-risking, and speculative flows build in memecoins ahead of tech earnings....
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Canada proposes ban on crypto ATMs as fraud cases mount
Canada's Liberal government calls machines a “primary method” for scams as data and law enforcement link them to rising losses...
Judge Shoots Down Sam Bankman-Fried's Bid for New Trial
Former FTX CEO Sam Bankman-Fried's request for a new trial has been rejected by the judge overseeing his case. This denial solidifies his November 2023 conviction on fraud charges, effectively closing a major legal avenue for appeal. The decision reinforces confidence in the crypto market's regulatory framework and demonstrates judicial scrutiny of exchange misconduct, relevant for Indian investors monitoring compliance standards.
Fake Hong Kong stablecoins start trading as real ones remain absent
Hong Kong's central bank warns that fake stablecoins using "HKDAP" and "HSBC" tickers are already circulating, despite no licensed Hong Kong dollar stablecoins being issued yet. The HKMA granted first licenses to HSBC and a Standard Chartered-led entity in April, with launches expected during Hong Kong's fintech week in November. Regulators urge users to transact only through official, regulated channels to avoid fraud.