Cryptocurrency Exchange Bitzlato CEO Pleads Guilty to Operating Unlicensed Money Services Business

Anatoly Legkodymov, co-founder and former CEO of cryptocurrency exchange Bitzlato, has pleaded guilty to operating an unlicensed money services business. In court, Legkodymov agreed to dissolve Bitzlato and forfeit $23 million in cryptocurrency. The exchange was allegedly used by criminals due to lax controls over illicit money transactions.Legkodymov was arrested in Miami during an international […]

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Bitcoin Core Vulnerability Sparks Debate Over Removal of Ordinals and BRC-20 Tokens

Bitcoin Core, the software that powers the Bitcoin network, has been found to have a significant vulnerability. This flaw, known as the ‘Inscriptions’ feature, has caused network congestion and has prompted Bitcoin Core developer Luke Dashjr to announce a fix in the upcoming v27 update next year.This fix, however, has implications for two types of […]

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Bitcoin Core Vulnerability Sparks Debate Over Removal of Ordinals and BRC-20 Tokens

Bitcoin Core, the software that powers the Bitcoin network, has been found to have a significant vulnerability. This flaw, known as the ‘Inscriptions’ feature, has caused network congestion and has prompted Bitcoin Core developer Luke Dashjr to announce a fix in the upcoming v27 update next year.This fix, however, has implications for two types of […]

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Bank CEOs Warn Lawmakers of Economic Impact of Proposed Regulations, Call for Anti-Money Laundering Rules for Cryptocurrencies

During a Senate hearing on financial regulations, bank CEOs expressed concerns about proposed new regulations, including the “Basel Endgame III” rule, which they fear could impede lending and harm small businesses. However, there was unanimous agreement among the CEOs that cryptocurrencies should be subject to anti-money laundering rules to prevent their misuse for illicit activities.Senator […]

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Bank CEOs Warn Lawmakers of Economic Impact of Proposed Regulations, Call for Anti-Money Laundering Rules for Cryptocurrencies

During a Senate hearing on financial regulations, bank CEOs expressed concerns about proposed new regulations, including the “Basel Endgame III” rule, which they fear could impede lending and harm small businesses. However, there was unanimous agreement among the CEOs that cryptocurrencies should be subject to anti-money laundering rules to prevent their misuse for illicit activities.Senator […]

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CEOs of Major Banks Testify on Cryptocurrency Regulations

CEOs of major banks, including JPMorgan Chase, Wells Fargo, Bank of America, Citigroup, Goldman Sachs, BNY Mellon, Morgan Stanley, and State Street, recently testified before the Senate Banking Committee. During the hearing, JPMorgan Chase CEO Jamie Dimon expressed his opposition to cryptocurrencies, stating that if he were the government, he would shut them down. Dimon […]

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CEOs of Major Banks Testify on Cryptocurrency Regulations

CEOs of major banks, including JPMorgan Chase, Wells Fargo, Bank of America, Citigroup, Goldman Sachs, BNY Mellon, Morgan Stanley, and State Street, recently testified before the Senate Banking Committee. During the hearing, JPMorgan Chase CEO Jamie Dimon expressed his opposition to cryptocurrencies, stating that if he were the government, he would shut them down. Dimon […]

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Binance to Compensate Users for AEUR Price Surge

Cryptocurrency exchange Binance has announced that it will compensate users who were impacted by a recent price deviation in the Anchored Coins EUR (AEUR) stablecoin. The value of AEUR surged nearly 200% after it was listed on the platform, prompting Binance to suspend trading for the asset’s four trading pairs. Binance attributed the price deviation […]

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Binance to Compensate Users for AEUR Price Surge

Cryptocurrency exchange Binance has announced that it will compensate users who were impacted by a recent price deviation in the Anchored Coins EUR (AEUR) stablecoin. The value of AEUR surged nearly 200% after it was listed on the platform, prompting Binance to suspend trading for the asset’s four trading pairs. Binance attributed the price deviation […]

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Hong Kong Regulator Bans Two Crypto Websites for Scamming Investors

Hong Kong’s Securities and Futures Commission (SFC) has banned two cryptocurrency websites, HongKongDAO and BitCuped, for allegedly scamming investors. The SFC took action after receiving information that the platforms were misleading users. HongKongDAO was found to have deceived users into purchasing a token called “HKD” and falsely claimed to have applied for licenses from the […]

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