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2 years, 1 month ago
Regulators 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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2 years, 1 month 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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2 years, 1 month 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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2 years, 1 month 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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2 years, 1 month 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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2 years, 1 month 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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2 years, 1 month 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…
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2 years, 1 month agoNew York Attorney General Sues Gemini, Genesis, and DCG for Defrauding Investors of $1.1 Billion
New York Attorney General Letitia James has filed a lawsuit against cryptocurrency firms Gemini, Genesis, and Digital Currency Group (DCG), accusing them of defrauding 230,000 investors out of $1.1 billion. The…
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2 years, 1 month agoCalgary Residents Lose $22 Million to Crypto Scams in 2023, Authorities Warn of Underreported Fraud
The Calgary Police Service has issued a warning to residents about the increasing number of crypto-related scams in the city. According to a report from the police, residents in Calgary have lost over $22.5 million…
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2 years, 1 month agoSEC Secures Default Judgment Against Thor Technologies and David Chin Over Unregistered $2.6 Million Crypto Offering
The U.S. Securities and Exchange Commission (SEC) has achieved a significant victory in its legal battle against Thor Technologies and its founder, David Chin. The SEC has obtained a default judgment against the…
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2 years, 1 month agoTether Plans to Release Real-Time Reserves Reports Next Year, Says Incoming CEO
Stablecoin issuer Tether has announced plans to release real-time reserves reports by next year, according to its incoming CEO Paolo Ardoino. Tether, which already provides daily reserves reports on its website,…
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2 years, 1 month agoSam Bankman-Fried's Trial Nears Conclusion with Prosecution Resting Their Case
Sam Bankman-Fried’s trial is nearing its conclusion, with the prosecution set to wrap up their case on October 26th after presenting nearly 20 testimonies. The prosecution has called upon a diverse range of w…
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2 years, 1 month agoFBI Busts Indian Nationals Running Unlicensed Cryptocurrency-to-Cash Business
The Federal Bureau of Investigation (FBI) has apprehended a group of Indian nationals accused of running an unlicensed business that converted cryptocurrency into cash for clients seeking anonymity. Five out of the…
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2 years, 1 month agoVeChain's Strategic Partnerships Revolutionizing Industries
VeChain, a leading blockchain platform, has established significant partnerships with renowned companies to revolutionize its blockchain solutions and drive widespread adoption. These collaborations are reshaping…
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2 years, 1 month agoRipple Holds Upper Hand in SEC Settlement Talks, Says Investment Expert
Investment expert Linda P. Jones has provided insight into the ongoing legal battle between Ripple and the SEC. Talks of a potential settlement have emerged after the SEC dropped charges against Ripple executives…
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2 years, 1 month agoRipple and XRP Secure Third Consecutive Legal Victory Against SEC
Ripple and its cryptocurrency XRP have achieved another legal victory in their ongoing battle against the US Securities and Exchange Commission (SEC). The SEC has dropped its charges against Ripple’s CEO, Brad G…
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2 years, 1 month agoCrypto Mogul's "Robin Hood" Defense Rejected in Fraud Trial
A recurring theme in the trial of crypto mogul Bankman-Fried has been his commitment to effective altruism, a philanthropic ideology focused on maximizing impact through charitable contributions and career choices.…
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2 years, 1 month agoLuxurious Lifestyle Unveiled: Silk Road Bitcoin Thief Apprehended After Years of Investigation
Two years after James Zhong was apprehended for stealing 50,000 bitcoins from the dark web marketplace Silk Road in 2012, new details have emerged about the events leading to his arrest. Zhong, a computer expert,…
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2 years, 1 month agoBitcoin Lightning Network Developer Discovers Major Security Flaw, Raises Concerns for Users' Funds
Bitcoin’s Lightning Network, a layer 2 payment protocol built on top of the Bitcoin blockchain, has been found to have a major security flaw that puts users’ funds at risk. Former Lightning developer Antoine Ria…
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2 years, 1 month agoSEC Drops Charges Against Ripple Executives, Focus Shifts to Remedies Phase for XRP Sales Violation
The U.S. Securities and Exchange Commission (SEC) has dropped its charges against Ripple executives Chris Larsen and Brad Garlinghouse, canceling the scheduled trial for April 2024. However, the focus now shifts to…
