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Day: November 29, 2023

  1. Home
  2. 2023
  3. November
  4. 29
  5. Page 2
Ripple CTO Calls for Legislative Clarity on Crypto Regulations
  • bob
  • 2023-11-29
  • Company News
  • Cryptocurrency Regulations
  • North America
  • Regulatory Developments

Ripple CTO Calls for Legislative Clarity on Crypto Regulations

David Schwartz, the CTO of Ripple, has called for legislative action to clarify regulations surrounding digital assets in the United States. In a series of tweets, Schwartz emphasized the need for a balanced approach to regulation and expressed skepticism that courts alone could effectively define what constitutes a security in the context of digital tokens. […]

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US Treasury Seizes Sinbad.io, Crypto Mixer Linked to North Korean Hackers
  • bob
  • 2023-11-29
  • Cryptocurrency Regulations
  • Europe
  • Financial Scams and Security
  • Regulatory Developments

US Treasury Seizes Sinbad.io, Crypto Mixer Linked to North Korean Hackers

In a joint operation by the FBI and Dutch Financial Intelligence, Sinbad.io, a cryptocurrency mixing service, has been seized by the U.S. Treasury Department. The move is part of a broader crackdown on illicit activities in the crypto space. Sinbad.io, which gained notoriety as a preferred choice for North Korean-state sponsored hacking organization Lazarus, was […]

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  • bob
  • 2023-11-29
  • Cryptocurrency Exchanges
  • Cryptocurrency Regulations
  • Europe
  • Financial Scams and Security

Cristiano Ronaldo Faces $1 Billion Lawsuit Over Binance Endorsement

In a surprising turn of events, renowned football star Cristiano Ronaldo is facing a class-action lawsuit in the United States. The legal action stems from allegations that Ronaldo’s endorsement of cryptocurrency exchange Binance resulted in financial losses for investors. The plaintiffs, Michael Sizemore, Mikey Vongdara, and Gordon Lewis, claim that Ronaldo’s promotion led them to […]

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Paxos Receives Regulatory Approval to Expand Stablecoin Operations in Abu Dhabi
  • bob
  • 2023-11-29
  • Cryptocurrency Innovations
  • Global Financial Events
  • Middle East
  • Regulatory Developments

Paxos Receives Regulatory Approval to Expand Stablecoin Operations in Abu Dhabi

Paxos, a leading digital asset company, has received provisional approvals from the Financial Services Regulatory Authority (FSRA) in Abu Dhabi. This marks a significant milestone for Paxos as it allows them to issue stablecoins backed by US dollars and other currencies, as well as offer crypto-brokerage and custody services from their regulated entities in the […]

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Wormhole Secures $225M Funding, Launches Wormhole Labs for Cross-Chain Expansion
  • bob
  • 2023-11-29
  • Company News
  • Cryptocurrency Innovations
  • Investment Insights
  • North America

Wormhole Secures $225M Funding, Launches Wormhole Labs for Cross-Chain Expansion

Wormhole, a company specializing in cross-chain expansion, has secured a record $225 million in funding. This significant milestone has propelled the company’s valuation to an impressive $2.5 billion. As a result of this funding, Wormhole has decided to spin off into Wormhole Labs, further emphasizing its commitment to expanding its cross-chain capabilities. This move is […]

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Binance Faces Regulatory Issues in the Philippines
  • bob
  • 2023-11-29
  • Asia
  • Cryptocurrency Exchanges
  • Cryptocurrency Regulations
  • Regulatory Developments

Binance Faces Regulatory Issues in the Philippines

The Philippines Securities and Exchange Commission (SEC) has issued a warning about Binance’s operations in the country. According to the regulator, Binance is not registered as a corporation in the Philippines and does not have the necessary license or authority to operate there. While Binance is registered in other countries, it has not fulfilled the […]

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UK Government Implements New Compliance Mandates for Unpaid Crypto Taxes
  • bob
  • 2023-11-29
  • Cryptocurrency Regulations
  • Europe
  • Government Policies and Cryptocurrency Adoption
  • Regulatory Developments

UK Government Implements New Compliance Mandates for Unpaid Crypto Taxes

The UK government has implemented new guidelines for reporting and paying taxes on cryptocurrency assets. Individuals and entities dealing with cryptoassets must comply with these guidelines to ensure tax obligations are met. Failure to report earnings can result in penalties and interest charges. Taxpayers must initiate a voluntary disclosure through the Government Gateway and provide […]

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  • bob
  • 2023-11-29
  • Cryptocurrency Market Analysis
  • Cryptocurrency Regulations
  • Investment Insights
  • World

Charlie Munger, Berkshire Hathaway Vice Chairman, Dies at 99: A Legacy of Investment Wisdom and Crypto Skepticism

Charlie Munger, the esteemed vice chairman of Berkshire Hathaway and long-time business partner of Warren Buffett, passed away at the age of 99. Munger was known for his distinctive investment philosophy, which focused on value investing and seeking out undervalued companies with long-term growth potential. His approach helped Berkshire Hathaway become a global powerhouse with […]

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Binance Faces Allegations of Unauthorized Business Operations in the Philippines
  • bob
  • 2023-11-29
  • Asia
  • Cryptocurrency Exchanges
  • Cryptocurrency Regulations
  • Regulatory Developments

Binance Faces Allegations of Unauthorized Business Operations in the Philippines

The Philippines Securities and Exchange Commission (SEC) has issued a warning against cryptocurrency exchange Binance, claiming that the platform has been operating in the country without the necessary authorization or license. According to the SEC, Binance is not permitted to sell or offer securities in the Philippines. Prior to offering securities to the public, exchanges […]

Read More
  • bob
  • 2023-11-29
  • Africa
  • Cryptocurrency Regulations
  • Fintech and Blockchain Startups
  • Government Policies and Cryptocurrency Adoption

Nigeria Urged to Implement Regulations for Blockchain Integration

A stakeholder in the blockchain and fintech ecosystem has urged the Nigerian government to implement regulations that will facilitate the widespread integration of blockchain technology in the country. The National Blockchain Policy, which was signed by former President Muhammadu Buhari, offers significant potential for economic growth, job creation, and financial inclusion. The President of the […]

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