gmc
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bob wrote a new post
1 year ago
Ripple Executives Secure Legal Victory as SEC Case Dismissed
In a significant development, Ripple executives Brad Garlinghouse and Chris Larsen have emerged victorious in their legal battle against the U.S. Securities and Exchange Commission (SEC). On Monday, October 23,…
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1 year agoMarinade Finance Halts Services for UK Users Amid Regulatory Concerns
Marinade Finance, a leading decentralized finance (DeFi) protocol on the Solana blockchain, has halted its services for users in the United Kingdom due to compliance concerns with the UK Financial Conduct Authority…
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1 year agoMarinade Finance Blocks UK Users Amid Compliance Concerns
Marinade Finance, a decentralized finance (DeFi) protocol on the Solana blockchain, has reportedly blocked users from the United Kingdom. The issue was discovered by U.K. customers on October 23rd when they tried…
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1 year agoCryptocurrency Funding Fuels Hamas's Attack on Israel
Israel’s “Iron Dome” air defense system has protected the country from air attacks, but recently, Hamas fired over 2,000 rockets into Israel from the Gaza Strip. The financing behind this attack has raised quest…
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1 year agoDismissal Order Signed in SEC Case Against Ripple Executives
US District Judge Analisa Torres has dismissed the case against Ripple executives Brad Garlinghouse and Chris Larsen, according to an order signed on October 23, 2023. The dismissal order specifically refers to…
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1 year agoCoinbase Denies Imposing $5,000 Weekly Limit on Bitcoin Withdrawals Amidst Social Media Rumors
Crypto exchange Coinbase has denied rumors that it has implemented a $5,000 per week limit on Bitcoin withdrawals. The rumors began after a user claimed on social media that they had encountered this restriction…
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1 year agoCryptocurrency Project Safereum Plunges 94% After Alleged Exit Scam
The cryptocurrency project Safereum has left the crypto community in shock after a significant amount of liquidity was drained from the project shortly after a successful $600,000 fundraising campaign. The…
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1 year agoBlackRock Expected to Provide Seed Funding for Bitcoin ETF
BlackRock, the world’s largest asset manager, is reportedly planning to provide seed funding for its iShares spot Bitcoin exchange-traded fund (ETF). This funding would involve BlackRock purchasing a certain a…
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1 year agoBlackRock's Bitcoin ETF Listed on DTCC, Signaling Potential SEC Approval
The iShares spot Bitcoin exchange-traded fund (ETF) proposed by BlackRock has been listed on the Depository Trust & Clearing Corporation (DTCC), indicating potential approval by the United States Securities and…
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1 year agoBlackRock to Sponsor Its Own Bitcoin ETF Launch, Demonstrating Confidence in the Market
Investment manager BlackRock has revealed plans to provide initial funding for its spot Bitcoin exchange-traded fund (ETF), according to recent securities filings. The company’s S-1 amendment details the process o…
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1 year agoCrypto-Friendly SEC Commissioner Discusses Growing Interest in Spot Bitcoin ETFs
BlackRock and Fidelity, two major asset managers, have applied for spot Bitcoin exchange-traded funds (ETFs), reflecting the growing interest in these products. SEC Commissioner Hester Peirce, who has been…
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1 year agoGrayscale Investments' Bitcoin ETF Application to be Reviewed by SEC Following Court Mandate
The United States Court of Appeal has issued a mandate requiring the Securities and Exchange Commission (SEC) to review Grayscale Investments’ application for a spot Bitcoin exchange-traded fund (ETF). The c…
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1 year agoLUNC Ecosystem Undergoes Major Upgrades for Revitalization
The Layer One Joint Task Force (L1JTF) in the Terra Luna Classic (LUNC) community has returned 344 million LUNC tokens to the community pool as part of their efforts to revitalize the protocol. These unused funds…
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1 year agoRegulators Worldwide Introduce New Guidelines for Decentralized Assets; Gemini, Genesis, and DCG Accused of $1 Billion Fraud
FTX, a major cryptocurrency exchange, is facing legal troubles as its former general counsel testified in the criminal trial of its CEO, Sam Bankman-Fried. The counsel claimed to be unaware of the exchange’s m…
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1 year agoRipple CEO Brad Garlinghouse Discusses XRP's Role and Bitcoin's Limitations
Ripple’s CEO, Brad Garlinghouse, recently discussed the company’s stance on XRP and its broader business strategy. While Ripple owns a significant amount of XRP and recognizes its efficiency for various use cas…
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1 year agoConcerns Mount Over Government's Financial Surveillance of Cryptocurrency Users
The IRS has proposed new reporting requirements for cryptocurrency users in response to the Infrastructure Investment and Jobs Act. Although the proposal is not as severe as initially feared, it still raises…
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1 year agoSolana DeFi Protocol Marinade Finance Restricts UK Access in Compliance with FCA Regulations
Solana-based decentralized finance (DeFi) protocol Marinade Finance has restricted access for users in the United Kingdom in compliance with new regulations set by the Financial Conduct Authority (FCA). The FCA…
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1 year agoCalifornia Legislators Propose Bill to Regulate Crypto ATM Withdrawals and Fees
California legislators have proposed a new bill aimed at regulating crypto ATMs in response to growing scams. The bill, titled “Digital financial asset transaction kiosks,” seeks to impose a daily withdrawal lim…
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1 year agoInvestors in Thailand Turn to Astrology and Divine Powers to Predict Crypto Market Movements
In Thailand, a growing number of investors are turning to astrology and divine powers to predict market movements, including in the crypto market. Astrologists and fortune tellers are gaining popularity, with some…
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1 year agoECB Moves to Next Phase of Digital Euro Project, Potential Launch in Two Years
The European Central Bank (ECB) has announced that it will be moving into the next phase of its digital euro project. This comes after a two-year investigation phase, and the preparation stage is set to begin on…
