In this news segment from "Crypto World," several key points are covered:
1. Bitcoin is attempting to break a three-week losing streak, despite low volatility and liquidity in the crypto market.
2. Ryan Salem, a former FTX executive, has pleaded guilty to campaign finance and money transmitting charges in federal court, forfeiting over a billion dollars.
3. Coinbase CEO Brian Armstrong discusses the company's focus on international expansion due to regulatory uncertainty in the United States.
4. Backed CEO Gavin Michael talks about the company's plans for international expansion and the impact of recent crypto court rulings on their business.
5. Backed has adopted a compliance-first approach and continues to navigate the regulatory landscape.
6. The company reported a quarterly loss but is focused on reducing expenses and improving profit margins.
7. Backed plans to expand into Latin America, the UK, the European Union, Hong Kong, and Australia due to strong regulatory clarity in those markets.
8. The interview also touches on the discontinuation of Backed's consumer app and the company's future plans.
Sure, here are the key facts extracted from the provided text:
1. Bitcoin aims to end a three-week losing streak.
2. Former FTX executive Ryan Salem pleaded guilty to campaign finance and money transmitting charges in federal court.
3. Salem admitted to directing millions of dollars to both Democrats and Republicans between fall 2021 and November 2022.
4. He claimed these donations were made on behalf of Sam Bakeman Freed.
5. Salem will forfeit more than one and a half billion dollars as part of his plea.
6. Coinbase is focusing on international expansion due to regulatory uncertainty in the United States.
7. Coinbase praised the responsible development of crypto laws worldwide and prioritizes markets in Canada, Brazil, Singapore, Australia, and Europe.
8. Coinbase mentioned that the EU is leading the way in crypto regulation.
9. Backed, a digital asset platform, is expanding into markets with more regulatory clarity.
10. Backed CEO Gavin Michael discussed the company's expansion plans and its compliance-first approach.
11. The SEC lost some cases against crypto exchanges, including Grayscale's victory related to converting its Bitcoin trust into an ETF.
12. Ripple received a partial win in a lawsuit stating that its native token XRP is not a security in some cases.
13. Backed operates with a strong focus on regulatory compliance in the United States.
14. The company delisted certain tokens but noted that it's not a permanent decision and could relist them in the future.
15. Backed mentioned its acquisition of Apex Crypto and its impact on the company's ecosystem.
16. Backed reported a quarterly loss in its second-quarter earnings but is taking actions to manage expenses.
17. The company has plans for international expansion, starting with Latin America and then the UK, European Union, Hong Kong, and Australia.
18. The choice of these markets is driven by their strong regulatory clarity.
19. Backed aims to maintain a compliance-first approach as it enters these new markets.
20. The interview with Backed CEO Gavin Michael can be found on CNBC's website.
Please note that these facts have been extracted from the provided text, and some of them may be subject to updates or changes over time.