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Ernest Hoffman

Ernest Hoffman

Crypto/Market Reporter

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Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations. Ernest began working in market news in 2007, establishing the broadcast division of CEP News in Montreal, Canada, where he developed the fastest web-based audio news service in the world and produced economic news videos in partnership with MSN and the TMX. He has a Bachelor's degree Specialization in Journalism from Concordia University. You can reach Ernest at 1-514-670-1339.

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Binance finally big in Japan: World's largest crypto exchange purchases 100% of Sakura

(Kitco News) - Cryptocurrency exchange Binance announced on Wednesday that it has acquired 100% of Sakura Exchange BitCoin (SEBC), a Japanese-registered crypto exchange. The acquisition means that Binance is now operating in the Japanese market as a Japan Financial Services Agency (JFSA) regulated entity.

Brazil approves crypto bill for Bitcoin payments and digital asset investments

(Kitco News) - Brazil's lawmakers have approved a cryptocurrency framework bill that will allow Brazilians to use Bitcoin for payments and will recognize digital assets as an investment asset class.

ECB officials say this is ‘Bitcoin's last stand'

(Kitco News) - As crypto markets continue to reel from the collapse of FTX, they've been able to take solace in the relative price stability of Bitcoin. But European Central Bank (ECB) officials made it clear on Wednesday that even if BTC appears to hold its value, they see no future for the flagship cryptocurrency.

Sam Bankman-Fried addresses bankruptcy, Alameda backdoor, political contributions, FTX ‘hacker', Ukraine allegations in new interview

(Kitco News) - Sam Bankman-Fried, the embattled former CEO of FTX, gave an exclusive interview to twitter crypto influencer Tiffany Fong which was published Tuesday afternoon. It provides a detailed and revealing look into some of the most controversial aspects of the collapse of his crypto empire earlier this month.

Ukraine publishes an outline of its 'e-hryvnia' CBDC project

(Kitco News) - The National Bank of Ukraine (NBU) has published a draft concept for an ‘e-hryvnia', a central bank digital currency (CBDC) version of its national currency.

Fidelity Crypto is a go: $4.5 trillion firm launches retail crypto trading

(Kitco News) - Investment giant Fidelity has launched their new retail crypto trading accounts, moving deeper into the beleaguered cryptocurrency ecosystem despite pushback from U.S. lawmakers.

Genesis and other firms under investigation for securities violations in multiple U.S. states

(Kitco News) - Cryptocurrency lender Genesis Global Capital and several other crypto companies are under investigation by state securities regulators in the U.S., according to a Barron's report.

Bahamas AG says FTX is under civil and criminal investigation, rebukes new FTX CEO

(Kitco News) - Bahamas Attorney General Ryan Pinder said on Sunday that FTX is under both civil and criminal investigation, criticized FTX's new U.S. management, and fired back at critics of his country's actions since the collapse of the exchange.

Aave temporarily freezes lending on 17 tokens to defend against further attacks

(Kitco News) - DeFi protocol Aave froze lending on 17 cryptocurrencies, including five stablecoins, following a vote by its governance members on Sunday.

IMF says Africa's burgeoning crypto market poses risks, needs regulation

(Kitco News) - The IMF believes the collapse of Sam Bankman-Fried's FTX exchange should serve as a warning to African nations about the risks posed by crypto to their economies, according to a blog post published this week.