Daily Archives: October 16, 2023, 8:12 am

Ferrari to accept crypto as payment for its cars in the US | Reuters

Ferrari has started to accept payment in cryptocurrency for its luxury sports cars in the U.S. and will extend the scheme to Europe following requests from its wealthy customers, its marketing and commercial chief told Reuters. The vast majority of blue-chip companies have steered clear of crypto as the volatility of bitcoin and other tokens renders them impractical for commerce.…

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Sam Bankman-Fried May Testify at Trial, Defense Says. First, He Needs His ADHD Meds

In a letter to Judge Lewis Kaplan, defense attorney Mark Cohen said his client “has been doing his best to remain focused during the trial” despite receiving inadequate doses of Adderall from the Bureau of Prisons (BOP). “However, as we approach the defense case and the critical decision of whether Mr. Bankman-Fried will testify, the defense has a growing concern…

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Grayscale’s Bitcoin ETF Push: What’s Next After SEC Doesn’t Appeal Ruling – Bloomberg

With the Securities and Exchange Commission opting against appealing a ruling that paves the way for Grayscale Investments LLC to convert its Bitcoin trust into an exchange-traded fund, analysts are now trying to gauge how the process may unfold from here. *** What’s likely to occur is that dialog between Grayscale and the SEC is going to open up, according…

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Crypto Lending Returns: Coinbase, Binance Try to Revive Revenues – Bloomberg

Crypto exchanges seeking to bolster sagging revenues are stepping up lending, potentially seeding the market with fresh risks less than a year after the last major crisis. Recently launched programs from the likes of Coinbase Global Inc. and Binance come in many different guises, from margin loans meant to stimulate trading to facilitating borrowing through their platforms to making direct…

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Gov. Gavin Newsom Signs California Crypto Licensing Bill

California Governor Gavin Newsom signed a crypto licensing bill on Friday, set to take effect in July 2025. Considered California’s answer to New York’s “BitLicense,” the Digital Financial Assets Law faced heavy industry criticism but was passed by the U.S. state’s Assembly in September 2022. The law requires California’s Department of Financial Protection (DFPI) and Innovation to create a regulatory…

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