Justin Sun’s guest list gets a new addition, Bakkt to launch user testing for BTC Futures and more

Crypto News – 22 July – Justin Sun’s guest list gets a new addition, Bakkt to launch user testing for BTC Futures and more Don’t forget to follow us for our daily videos pic.twitter.com/7xkcVpW9FB — AMBCrypto (@CryptoAmb) July 22, 2019 Crypto News – 22 July Tron hits a home run: The Tron community celebrated after it […]
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Source: AMB Crypto

U.S President Donald Trump on Bitcoin, Japanese crypto-exchange hacked and more

Crypto News – 12 July – U.S President Donald Trump on Bitcoin, Japanese crypto-exchange hacked and more Don’t forget to follow us for our daily videos#bitcoin #BitcoinIsBack #DonaldTrump #CryptoNews #cryptocurrency #BITPOINT #Crypto #cryptotrading pic.twitter.com/4hnkrYHf4g — AMBCrypto (@CryptoAmb) July 12, 2019 Crypto News – 12 July CB Insights on Fintech startups: According to a report by CB […]
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Source: AMB Crypto

Messari Crypto on Bitcoin’s performance, India’s regulatory uncertainty claims another victim and more

Crypto News – 28 June – Messari Crypto on Bitcoin’s performance, India’s regulatory uncertainty claims another victim and more Don’t forget to follow us for our daily videos #Binance #bitcoinnews #BitcoinIsBack #CryptoNews #CryptocurrencyNews pic.twitter.com/M76a125jg1 — AMBCrypto (@CryptoAmb) June 28, 2019 Crypto News – 28 June Maker releases new update: The Maker Foundation today revealed that it […]
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Source: AMB Crypto

Coinbase CFO on speculative trading, Facebook’s Libra runs into trademark trouble and more

Crypto News – 22 June – Bitcoin surges past $10K, Facebook’s Libra runs into trademark trouble and more Don’t forget to follow us for our daily videos#facebooklibra #bitcoin#CryptoNews #bitcoins#Coinbase #cryptocurrency #CryptoTwitter pic.twitter.com/v2oFTRepnD — AMBCrypto (@CryptoAmb) June 22, 2019 Crypto News – 22 June Bitcoin now being embraced by the masses? As charted out by cryptocurrency analyst […]
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Source: AMB Crypto

Brad Garlinghouse on Facebook’s Libra, CZ on Binance U.S and more

Crypto News – 19 June – Brad Garlinghouse on Facebook’s Libra, CZ on Binance U.S and more Don’t forget to follow us for our daily videos#facebooklibra #Binance #Ripple #cryptonews #cryptocurrency #Facebook #Crypto #Libra pic.twitter.com/2YRiEdpLw7 — AMBCrypto (@CryptoAmb) June 19, 2019 Crypto News – 19 June Bancor follows Binance, Bittrex’s footsteps: Decentralized trading platform, Bancor, recently announced […]
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Source: AMB Crypto

Litecoin: I created LTC for fun; wanted to mimic gold, silver relationship, says Charlie Lee

In the middle of the chaos within the crypto-ecosystem, Litecoin [LTC] has undoubtedly maintained its position as one of the top performing altcoins. The controversial Litecoin creator, Charlie Lee, made a rare appearance in a YouTube video interview to discuss Litecoin’s current position and future plans.
Taking a deep dive into the entrepreneur’s mindset, Lee said,
“I created Litecoin mostly for fun. I wanted to mimic the gold and silver relationship with Bitcoin and Litecoin, where Bitcoin bitcoin is good for store value and Litecoin is good for payments.”
Lee further acknowledged that he never expected Litecoin’s success in retaining its trading value since inception. He attributed the altcoin’s growth to not only Bitcoin’s [BTC] bull run and slow transaction speeds, but also to the activation of SegWit on the blockchain. Additionally, he highlighted the fact that no coin would be for “everything and everyone.”
In order to simplify the stark differences, the leader of the Litecoin Foundation clarified,
“Litecoin is less decentralized and less secure than Bitcoin, but it optimizes for faster transactions, lower fees, and more bandwidth. This feature made us target the micro-transaction space.”
One of the main reasons for Bitcoin’s comparatively slow transactions was that “miners were trying to find the highest fee pay transactions and mine those for greater profit.” Lee also shared that there were mechanisms in place which prevent miners from increasing/colluding mining fees, which would eventually create a good supply and demand for miners, until finding balanced fees for users as well.
Lee mentioned that he was involved in building Litecoin while working for Coinbase and shared the common intention to make Bitcoin [cryptocurrency] easy-to-use for the average person. Talking about one of Litecoin’s secrets to success, he suggested fellow entrepreneurs to make sure the entire ecosystem around their crypto was working perfectly, before even talking about launching it on a large exchange. While further discussing his experience in crypto, Lee said,
“It’s quite likely Satoshi’s actually passed away. But in case he’s actually still here, he doesn’t have to deal with all this bullshit.”
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Source: AMB Crypto

Bithumb resumes services, Ryan Selkis’s FOIL request for XRP II affiliate sales and more

Crypto News – 15 May – Bithumb resumes services, Ryan Selkis’s FOIL request for XRP II affiliate sales and more
Don’t forget to follow us for our daily video#XRPNEWS #bitcoin #BitcoinCash #eosio #EOS @BankXRP #xrparmy @twobitidiot @Travis_Kling #bitcoins pic.twitter.com/3OnBmAyStl
— AMBCrypto (@CryptoAmb) May 15, 2019

Crypto News – 15 May
Erik Voorhees on Bitcoin: The Shapeshift CEO is in the news after he claimed that the world’s largest cryptocurrency couldn’t have moved from $0 to its present price, without bubbles
Read more at https://bit.ly/2LKDf4b
Binance research on Bitcoin: The crypto-exchange’s research wing is in the news after a report by Binance claimed that Bitcoin offered far higher returns than traditional assets
Read more at https://bit.ly/2HrSaLq
SEC on Bitcoin ETF proposal: The United States’ Securities and Exchanges Commission continued to prevaricate, postponing a final decision on the Bitcoin ETF proposal to October 2019
Read more at https://bit.ly/2Hmxkyh
New Milestone for Tron: In more good news for the community, Tron [TRX] surpassed $1 billion in 24-hour trading volume after more than a year
Read more at https://bit.ly/2W1JJzL
Cryptopia writes final chapter: The New Zealand-based exchange that was a major target in a January hack, is in the news again after it entered the liquidation phase and appointed Grant Thornton
Read more at https://bit.ly/2HkERxl
Good news for Bitcoin Cash [BCH]: Bitcoin’s [BTC] average transaction fees soared to a 10-month high while Bitcoin Cash [BCH] showed little change
Read more at https://bit.ly/2LLiTrD
Tuur Demeester on crypto-exchanges: The Founder of Adamant Capital is in the news after he claimed that Bitcoin exchanges and custodians were too big to bail and can fail like pre-1914 gold banks
Read more at https://bit.ly/2Hrj0Dr
 
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Source: AMB Crypto

XRP registers massive surge, Bakkt makes major announcement and more

Crypto News – 14 May – XRP registers massive surge, Bakkt makes major announcement and more
Don’t forget to follow us for our daily videos#CryptoNews #cryptocurrency #XRP #ripple #xrp @BankXRP#Consensus2019 @Bakkt #CryptocurrencyNews #bitcoin pic.twitter.com/l9e4shFhAR
— AMBCrypto (@CryptoAmb) May 14, 2019

Crypto News – 14 May
Cryptopia goes down: The New Zealand-based exchange, last in the news for the infamous hack in January, is in the news again after users reported that its website had been down for over 8 hours
Read more at https://bit.ly/2Q5ATLV
New York gets XRP trading access: San Francisco-based crypto-exchange, Coinbase, today announced that it was allowing XRP trading access to residents in the state of New York
Read more at https://bit.ly/2LEVNCY
BitMEX research on Binance: New research released by BitMEX suggests that Binance is the world’s leading Initial Exchange Offering platform
Read more at https://bit.ly/2HjnBZo
BitMEX research on ICOs: New research by BitMEX suggested that the ICO market was down by 3800% in Q1 of 2019
Read more at https://bit.ly/2JF3OFk
New partnership for Gemini: Gemini, the cryptocurrency exchange, has partnered with Flexa, a global cryptocurrency payments network that enables major retailers to accept digital asset payments
Read more at https://bit.ly/2VCJxaL
New milestone for BitMEX: Noted crypto-exchange, BitMEX, marked a major milestone after registering a trading volume of $10 billion
Read more at https://bit.ly/2Q2e7Vb
Roger Ver on Binance Hack: Bitcoin Cash’s Roger Ver is of the opinion that people should not trust crypto-exchanges, but should instead, hold their money in their own wallets
Read more at https://bit.ly/2Yti1cQ
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Source: AMB Crypto

David Schwartz on #CraigIsSatoshi, Binance compromised and more

Crypto News – 08 April – David Schwartz on #CraigIsSatoshi, Binance compromised and more
Don’t forget to follow us for our daily videos#BinanceHack #Ripple #ripplenews @rogerkver @SatoshiLite @JoelKatz @binance #Binance #CryptoNews #cryptocurrency pic.twitter.com/hS9JAkQAON
— AMBCrypto (@CryptoAmb) May 8, 2019

Crypto News – 08 May
Litecoin releases LTC Core 0.17.1: According to Litecoin’s Medium page, the new release included new features, important bug-fixes, and overall performance upgrade and efficient translations
Read more at https://bit.ly/2J7WCC7
Barry Silbert on BTC and Gold: The Grayscale Investments CEO opined that Bitcoin does everything that gold used to do
Read more at https://bit.ly/2VoKSla
New allegation against Craig Wright: According to the WizSec Bitcoin Security Specialists blog, redacted and unsealed court documents reveal that Craig Wright used a “lazy, copy-paste job” to provide a list of his early BTC addresses
Read more at https://bit.ly/2H9ddC5
Bitfinex officially release IEO whitepaper: According to the whitepaper, Bitfinex will be offering USDT in exchange for LEO tokens
Read more at https://bit.ly/2H5YKXG
Binance confirms margin trading feature: During an AMA session, Binance’s Changpeng Zhao responded to a user’s query and confirmed margin trading on Binance
Read more at https://bit.ly/2DYRufv
Binance compromised by hackers: Hackers attacked cryptocurrency exchange, Binance, withdrawing $40 million worth BTCs and stealing several users’ API keys and 2FA codes
Read more at https://bit.ly/2JopyoRV
Roger Ver on Peter McCormack: Roger Ver targeted Peter McCormack and Eric Lombrozo during a Q&A session, claiming that the duo meticulously try to convince people from using Bitcoin to make payments
Read more at https://bit.ly/2LuEHry
 
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Source: AMB Crypto

Bank of America secures crypto-patent, new headache for Bitfinex and more

Crypto News – 02 May – Bank of America secures crypto-patent, new headache for Bitfinex and more
Don’t forget to follow us for our daily videos#bitcoin @Bitcoin @bitfinex @barrysilbert @BankofAmerica #cryptocurrency #bitcoinnews @GrayscaleInvest pic.twitter.com/vgvwgzrGOv
— AMBCrypto (@CryptoAmb) May 2, 2019

Crypto News- 02 May
Binance celebrates World Password Day: Binance’s native token, Binance coin, surged by over 5% in 2 hours as the exchange celebrated World Password Day
Read more at https://bit.ly/2PN7N3S
BitPay-Refundo partnership: Bitpay announced its partnership with Refundo, a collaboration that will enable customers to receive U.S Federal and State tax refunds in Bitcoin [BTC]
Read more at https://bit.ly/2PH8go2
Ripple at IFGS 2019: Ripple’s Head of Regulatory Relations, Europe, made news after he claimed that UK’s FCA had made the country more conducive to crypto-businesses
Read more at https://bit.ly/2VbYwrK
Jack Dorsey’s Square Inc. posts record revenue: Square Inc. released its Q1 report for 2019, stating that it posted record revenues and profits, with many attributing it to the #stackingsats movement
Read more at https://bit.ly/2WhRJta
Good news for Dogecoin: Fans of the meme-coin were elated after the popular coin was given support on Coinbase Wallet, after noting a 17% hike in 2019
Read more at https://bit.ly/2Ws9cPy
Brian Armstrong gets called out: Coinbase’s Brian Armstrong got called out by many in the Twitterverse for ‘shilling’ USDC Coin so soon after the Bitfinex/Tether episode
Read more at https://bit.ly/2IXuK3J
Binance stablecoin in the cards?: The online cryptoverse was rife with speculation after Binance’s CZ hinted at possibly developing a stablecoin of its own, in response to a user’s tweet
Read more at https://bit.ly/2Y1eeTK
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Source: AMB Crypto

Bitfinex responds to New York AG’s allegations, Bitrue collaborates with Wietse Wind and more

Crypto News – 26 April – Bitfinex responds to New York AG’s allegations, Bitrue collaborates with Wietse Wind and more
Do follow us for our daily video#Bitfinex #USDT #Bitrue #XRP #CraigWright #Poloniex #cryptonews pic.twitter.com/IZTPSaDHUW
— AMBCrypto (@CryptoAmb) April 26, 2019

Crypto News – 26 April
Ripple crosses new frontier: In a major development, Ripple partnered with Saudi British Bank to launch international instant remittance service to India
Read more at https://bit.ly/2L6kRTj
Gab chooses Bitcoin LN over BAT: Gab, the free speech-focused social network is considering replacing BAT with Bitcoin’s Lightning Network integration for its new browser
Read more at https://bit.ly/2IKdtdY
Bitfinex exec on financial problems: New reports suggest that a Bitfinex executive claimed in 2018 that monetary issues could pull the price of Bitcoin to below $1000
Read more at https://bit.ly/2vlKQer
Nicholas Maduro on Petro: Venezuela’s President urged his citizens to purchase Petro over rising number of users adopting cryptos in the region
Read more at https://bit.ly/2UHkBcD
Ripple-SBI Holdings partnership strengthened: SBI Holdings’ Yoshitaka Kitao has joined Ripple’s Board of Directors
Read more at https://bit.ly/2UDoRKt
Ran NeuNer on cryptocurrency market: Popular crypto influencer, Ran NeuNer, is in the news after he claimed that crypto bull run had begun since most coins’ YTD returns had surged
Read more at https://bit.ly/2vkSRAs
Nike joins crypto-race: Iconic sports equipment company was the latest to join the crypto bandwagon after it filed a trademark application for ‘CRYPTOKICKS.’
Read more at https://bit.ly/2IVrwwI
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Source: AMB Crypto

Weiss Ratings claims correlation between Binance Coin and cryptocurrency market’s performance

The crypto-rating giant, Weiss Ratings, has been in the news for quite a while now. However, none of its news-making antics over the past few weeks have reflected positively on Weiss Ratings itself. If getting called out for predicting a crypto-surge after the fact wasn’t enough for the ratings agency, Weiss Ratings is in the headlines again after making an astounding claim.
The ratings agency incited quite a reaction after positing that Binance Coin may be the new Bitcoin [BTC]. Weiss made the hypothesis after claiming that the collective cryptocurrency market’s pumps usually coincided with and followed a similar pump in Binance Coin’s price and vice versa. The agency’s full tweet read,
 “It seems #BNB is leading the market now – when BNB is up, the market is up – and vice versa. Is BNB the new #BTC? #bitcoin #crypto”
Weiss Ratings’ hypothesis is flawed on many counts. For starters, when compared to other major coins in the coin market, Binance Coin remains a new entry to the cryptocurrency market. Despite the dominance of Binance as a top cryptocurrency exchange, Binance Coin’s market share and daily transaction volumes remain a mere fraction of the king coin’s metrics.
While the king coin holds a market cap of over $97 billion (over 53% of the market share), BNB’s market cap is a mere $3.3 billion. Also, since the crypto-exchange, Binance, handles over 40% of Bitcoin trading volumes, it can also be argued that Binance itself has contributed to Bitcoin’s growth.
There are a few more flaws with the hypothesis. Since BNB remains a new entry to the cryptocurrency realm and given the volatility of the market, it’s unlikely that Weiss Ratings has an adequate sample size or a wider time frame to make such an assumption. Further, given the fact that the crypto-winter loomed over the cryptocurrency market for much of last year, it’s unlikely that Weiss could have tested the “when BNB is up, the market is up” proposition since the market was down for most of the time period.
At press time, Bitcoin, the world’s premier cryptocurrency, was surging by 4.93%. Additionally, major altcoins such as Cardano, Bitcoin Cash and Litecoin were also surging by 9.25%, 5.25% and 3.51%, respectively. Contrary to the collective market movement, however, Binance Coin [BNB] was down by 1.10%.
Further, Binance Coin pumped significantly last week on the back of the DEX announcement. On the other hand, the collective market was trading sideways. Ergo, the hypothesis that the market is up when BNB is up or vice versa is immediately disproven.
Twitterverse did not take kindly to Weiss Ratings’ new hypothesis. @XRPGhostmurdock responded,
“How lame is the social media team for Weiss ratings. Whoever they are they should be fired for putting out juvenile and terrible content.”
This is not the first time Weiss has been trolled for its social media “predictions” and “hypotheses” though. The ratings agency came under fire after claiming that its “model” correctly predicted Bitcoin’s surge in early-April. Weiss was called out for making the claim after the fact.
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Source: AMB Crypto

Bitcoin [BTC]: Craig Wright may have deleted all information pertaining to his role in Bitcoin’s creation, claims Phil Wilson

The real identity of Bitcoin’s creator, Satoshi Nakamoto, has always been shrouded in mystery. While many have come forward to claim the identity for themselves, none have conclusively proven it. nChain’s Craig Wright is the most famous of these claimants. However, he is not the only one. Phil “Scronty” Wilson has now come forward on Crypto Finder, reiterating his claims to the pseudonym.
This isn’t the first time the Kiwi computer programmer is staking his claim to the pseudonym. In fact, he has been doing so since publishing a story titled “Bitcoin Origins”, wherein he stated that he was part of the team behind the pseudonym Satoshi Nakamoto, a team that also included Craig Wright and David Kleiman.
Wilson’s claims had previously been disqualified over the fact that he couldn’t present any evidence to back his claims. In fact, even the self-proclaimed Satoshi Nakamoto, Craig Wright, who Wilson claims were his partner in the project has categorically rejected these claims.
Speaking on Crypto Finder, Wilson claimed that the “team” had always intended to reveal the identity of Bitcoin’s creators slowly, in light of the dubious legality of the brand-new currency. He said,
“It was better to be safe than wearing an orange suit.”
However, Bitcoin’s link to the WikiLeaks scandal “kicked the hornet’s nest”, he claimed. Citing the efforts of many in the early days of the cryptosphere to de-anonymise Nakamoto, Wilson said that the team resisted the urge to spend even one Bitcoin from those 2009, 2010 addresses. Wilson also stated that the team was cautious in the face of any action by “three letter agencies”.
During the interview, Wilson also spoke about Craig Wright, reiterating his claims that nChain’s Chief Scientist was part of the trio behind the creation of the world’s premier cryptocurrency. Despite much of the cryptocurrency community disputing Wright’s own claims of being Satoshi Nakamoto, Wilson claimed that there may be another reason why Wright was unable to produce any evidence to support his claims.
He said,
“The fear I put into him about deleting all the information so if anyone grabs him there’s no proof… looks like it might’ve actually happened.”
While Wilson continued to speak about his role in the creation of Bitcoin, he conceded that he was unable to prove the same since,
“I can’t do any proving, because I’ve got no data, no emails or any of that.”
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Source: AMB Crypto

Bithumb resumes Bitcoin [BTC] and Ethereum [ETH] withdrawal and deposit services

Bithumb, one of South Korea’s leading and more controversial crypto-exchanges, has been in the news for quite a while now. Just a few weeks ago, the exchange was hacked, contributing to the loss of millions in XRP and EOS. Almost two weeks after the exchange asked users to stop withdrawals and deposits, Bithumb today announced the partial resumption of the services.
Following the hack, which the exchange claimed was an inside job, Bithumb had asked its users to stop making cryptocurrency deposits while an investigation by KISA and several cyber-security agencies was still underway. The full statement read,
“We would like to ask you to stop making deposits of cryptocurrency in order to check our member’s assets through external organization and to cooperate with the investigating agency in connect with an accident that is supposed to be an internal embezzlement that occurred on March 29th.”
The suspension of these services was deemed “necessary” by the exchange, while a “fair and objective due diligence review” of all cryptocurrency assets held by Bithumb was conducted by an external auditing firm.
The South Korean exchange tweeted that it will be partially resuming withdrawal and deposit services on April 17, 2019, at 3 pm, local time. For the time being, this resumption of service will apply only to Bitcoin [BTC] and Ethereum [ETH] deposits and withdrawals, Bithumb’s blog read. It also stated that this was an attempt at “minimizing the inconvenience” caused by the suspension of services previously.
The exchange also announced that it will be resuming these services with additional and “enhanced security and monitoring systems” in order to safeguard its users’ crypto-assets. However, the exchange failed to go into the specifics of what changes it had made to its security system.
Bithumb’s blog concluded by stating that any cryptocurrency deposits made during the period of suspension would be processed sequentially, when services resume on April 17.
The development would be one of the few pieces of good news for the beleaguered exchange. Recent reports suggested that the exchange incurred a loss of $180 million, since the price of Bitcoin dropped in 2018. Following mounting losses, the exchange had to lay off over 50% of its staff last month.
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Source: AMB Crypto

Bitcoin.org’s Cobra accuses Jack Dorsey’s Square Crypto of pandering to Bitcoiners to promote Cash App

Cobra, Co-owner of Bitcoin.org and Bitcointalk.org, has always been very vocal about his views on other cryptocurrency projects. Cobra has consistently attacked altcoins, or what he calls “shitcoins,” while hailing Bitcoin as the “king coin” and “worth more than all other altcoins combined.” He is in the news again after attacking Jack Dorsey and his new crypto project, Square Crypto.
Cobra accused Dorsey and Square Crypto of pandering to Bitcoin users, while also suggesting that the crypto project is merely a way to bring in more users for Dorsey’s Cash App. Cash App, developed by Dorsey’s Square Inc., is a mobile payments app that announced Bitcoin support last year to great fanfare. Cobra’s tweet read,
“Gotta respect how hard @sqcrypto is pandering to Bitcoiners. Very clever how @Jack has embedded himself in the community; in return the community promotes @CashApp, which gives that service a small but dedicated and activist group of early users.”
For its part, Square Crypto has not announced anything major, since it was first launched last month. However, it is known that the crypto project is on the hunt for crypto engineers and designers. Square Crypto was also in the news after querying the cryptoverse about what it wanted to be added to the ecosystem, with privacy enhancements and lightning plug-ins being the most popular suggestions.
Cobra wasn’t done attacking Jack Dorsey. In the same thread, he further added,
“Liberal elites don’t like things they can’t control. Bitcoin goes against everything Jack stands for. He’s no Bitcoiner, and never will be.”
The response to Cobra’s tweets was mixed, however, with Twitter user @StopAndDecrypt commenting,
“Do things we like and it’s pandering, do things we don’t like and we’re being too tribalistic? Once again, it’s like Cobra doesn’t understand how any of this works.”
This isn’t the first time Cobra has spoken out against Dorsey and Cash App. Cobra had previously claimed that Dorsey’s Cash App will push the same kind of censorship Bitcoin advocates work against. Cash App’s censorship would be an extension of Twitter’s censorship policies, he said, adding that it will soon restrict users from accessing their own funds. He said,
“Word of caution for everyone riding @Jack’s dick, the same de-platforming tools will be applied to @CashApp eventually; loss of your money or suspension based on arbitrary BS.”
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Source: AMB Crypto