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Paxos’ $500K Bitcoin fee, FTX tokens sales set to begin and other news: Hodler’s Digest, Sept. 10-16

Paxos makes a mistake, pays $500k in Bitcoin transfer; FTX receives court approval for token sales, and Gemini Earn users receive plan for fund recovery.

Binance CEO responds to rumors, says US executive is 'taking a deserved break'

Despite Brian Shroder resigning as CEO of the exchange’s US wing amid SEC and CFTC lawsuits, Binance CEO Changpeng Zhao claimed that the departure was normal.

Government objects to ‘unnecessary,’ ‘prejudicial’ SBF jury selection questions

The U.S. attorney sees no reason for potential jurors to discuss effective altruism or ADHD, among other things, before trying SBF.

Gemini legal team accuses DCG of 'gaslighting' Genesis creditors

Lawyers representing Gemini Trust filed a response in bankruptcy court to Digital Currency Group's plan claiming to offer unsecured creditors a "70–90% recovery".

SEC reverses decision on sealing, redacting some documents in Binance.US case

The documents filed Aug. 28 may be seen by the public in a week. They are not all the sealed documents in the case, however.

Sam Bankman-Fried says, ‘I did what I thought was right,' in leaked docs: Report

Documents provided by crypto influencer Tiffany Fong reportedly revealed details about the former FTX CEO’s life under house arrest and his relationship with Caroline Ellison.

Celsius and Core Scientific propose $14M settlement for litigation

Though subject to court approval, the two firms have agreed on a settlement in which Celsius will purchase a $45-million mining data center from Core Scientific for $14 million.

JPEX hikes withdrawal fee to almost $1k after Hong Kong watchdog warning

Community members posted reports that the crypto exchange's staff has abandoned their booth at the Token 2049 event in Singapore after the warning.

Hong Kong politician responds to Vitalik's comments about crypto-friendliness

Johnny Ng of Hong Kong’s Legislative Council said he “sincerely invites” Vitalik Buterin to Hong Kong to better understand the situation regarding its crypto-friendliness.

XRP lawyer John Deaton joins LBRY case as amicus curiae

Deaton is known for his active engagements in legal proceedings and discussions surrounding cryptocurrency regulations and legal actions.

Binance.US not cooperating with investigation, US SEC says in filing

SEC said in a court filing that Binance.US has produced only 220 documents during the discovery process many of which were “unintelligible screenshots and documents without dates or signatures.”

Hong Kong retains top crypto-ready position for two consecutive years

While Hong Kong grabbed the top spot with a crypto readiness score (CRS) of 8.36, the United States fell down a spot to third place after recording a fall of 6.5% in its CRS score — from 7.7 in 2022 to 7.25.

North Korean crypto hacks down 80% but that could change overnight: Chainalysis

Crypto bad actors from the DPRK have stolen $340.4 million in 2023, down from $1.7 billion from the prior year, but that's no reason to feel at ease.

Two more top executives depart Binance.US amid layoffs, SEC action: Report

The Binance.US head of legal and the exchange’s chief risk officer have reportedly left the company while it faces an SEC suit.

Former Celsius exec pleads guilty to criminal charges

Roni Cohen-Pavon, Celsius’ former chief revenue officer, has pleaded guilty to four criminal charges and will be free on bail until a Dec. 11 sentencing hearing.

House Financial Services Comm. witnesses air multiple anti-CBDC arguments

The digital assets subcommittee heard from five opponents of a U.S. CBDC without giving supporters equal (or any) time.

Bitwave acquires crypto accounting platform Gilded

Bitwave announced the acquisition of Gilded to enhance accounting and enterprise solutions amid improving accounting and tax clarity in the United States.

EU announces initiative to fast-track supercomputer access for AI startups

E.U. president Ursula von der Leyen also called for the organization of a global AI governance body during the 2023 E.U. State of the Union address.

Web3 Gamer: PUBG devs’ Web3 project, Animoca’s $20M raise, Shardbound review

The company behind PUBG announces a new Web3 platform, monetization in Web3 and more.

Wyoming stablecoin: Are state digital currencies even possible?

The Stable Token Commission continues researching the potential implementation of stable tokens in Wyoming.

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