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Perfect afternoon treat: coffee and cake today.
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Life's tapestry: woven with joy & sorrow, triumph & defeat, bonds & letting go. Love fuels our hearts, yet conflict lingers. In the dance of opposites, we find our fragile, fleeting peace.
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Smith said this is the most pro-crypto Congress to date, and the resolution passing through the Senate was the first time the sentiment had been converted into action.
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“DeFi is an American strategic strength, and today’s action helps ensure it will continue to develop on home soil,” Smith added.
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“The effort to repeal this rule should be seen as part of a broader move to keep crypto in the US,” she said.
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Analysts attribute the current decline to macroeconomic concerns related to a potential trade war between the US and China caused by US President Donald Trump’s decision to impose import tariffs.
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Bitcoin risks more downside if it loses a “key” $75,000 support amid growing concerns over a potential trade war between the United States and China.
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Tenev said one of the biggest pain points for Robinhood’s retail investor base has been that they can’t capitalize on perhaps the “biggest technological revolution that we’ve ever seen” — artificial intelligence.
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However, rug pulls and insider schemes involving Solana-based memecoins are driving investor outflows and a decline in capital inflows on the popular blockchain network, a potential impediment to an altcoin rally.
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Trump’s order created a crypto working group led by White House AI and crypto czar David Sacks to come up with a legal framework for crypto and stablecoins, along with studying the possible creation of a national crypto stockpile.
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It’s unclear whether Ulbricht intends to become a public figure in the crypto industry following his release. Major industry leaders, including former Binance CEO Changpeng “CZ” Zhao, have stepped back from their roles after being in prison — though in CZ’s case, he served his full four-month sentence rather than receiving a presidential pardon.
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Social media users and news outlets shared a photo of the Silk Road founder after his release from the US Penitentiary in Tucson, Arizona. At the time of publication, it did not appear as though he had made a public statement on Trump’s commutation of his sentence, nor posted on social media or his blog, which he updated from prison.
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News outlet CBS aired a documentary on Ulbricht in 2020 featuring an interview with his former girlfriend and FBI agents. Lionsgate also released a fictionalized version of the Silk Road founder’s story in 2021, starring actor Nick Robinson. Though the filmmaking duo Coen Brothers proposed a project based on Ulbricht’s life in 2016, the movie was never produced.
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Ulbricht created and operated the Silk Road darknet marketplace from 2011 until his 2013 arrest in a San Francisco Public Library. He was subsequently convicted of money laundering, computer hacking and conspiracy to traffic narcotics and sentenced to life imprisonment without the possibility of parole.
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US President Donald Trump commuted the Silk Road founder’s sentence on Jan. 21, prompting his release after roughly 12 years in US custody.
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According to Harris, the documentary, currently in post-production and expected to be released in 2025, will cover how Ulbricht “went from being a literal Eagle Scout to the center of a global manhunt.” Tulis suggested the film could help clear up “many misconceptions” about the Silk Road founder and the events leading to his arrest.
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In a Jan. 22 notice, filmmakers Blake J. Harris and Jonah Tulis — the duo behind the Console Wars documentary — said they had obtained more than 60 hours of footage containing exclusive interviews with Ulbricht as he served life in prison.
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Silk Road founder Ross Ulbricht, also known by his alias “Dread Pirate Roberts,” participated in a documentary about his arrest and incarceration during his time in federal prison.
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However, as the focus on compliance increases, the exposure of offshore crypto exchanges with Iranian services is on a steady decline.
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The increase was attributed to stolen funds, perpetrated by various hackers, including North Korea-linked Lazarus Group.
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