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1 year ago
FDIC Urged to Address Risks of Cryptocurrencies and Implement Recommendations
The Federal Deposit Insurance Corporation (FDIC) is under pressure to address the risks associated with cryptocurrencies. The Office of the Inspector General has issued a report urging the FDIC to assess and…
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1 year agoUS Crypto Advocacy Groups Criticize Senator Warren's Claims on Crypto-Terrorism Connections
United States-based crypto advocacy organizations are criticizing Senator Elizabeth Warren and other lawmakers for their claims about the connection between terrorist group Hamas and cryptocurrency financing.…
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1 year agoFormer FTX General Counsel Denies Approval of Customer Fund Loans in Bankman-Fried Fraud Trial
‘Absolutely not’: FTX’s former general counsel, Can Sun, testified in the fraud trial of Sam Bankman-Fried, stating that he never approved loans of customer funds. Sun served as FTX’s general counsel from August…
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1 year agoNew York Attorney General Files Lawsuit Against Gemini Trust and Genesis Global Capital Over Deceptive Practices
New York Attorney General Letitia James has filed a lawsuit against cryptocurrency industry players Gemini Trust, Genesis Global Capital, and Digital Currency Group (DCG). The legal action revolves around Gemini…
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1 year agoUnderstanding the Impact of Token Burns on Layered Networks: Shib CoOp's Recent Burn Raises Questions about Shiba Inu's Token Supply
In the world of blockchain, understanding token dynamics is crucial, especially when it comes to layered networks. Recently, the Shiba Inu community witnessed a significant token burn of 97 million SHIB on the…
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1 year agoGrayscale's S-3 Registration Signals Progress Towards Bitcoin ETF Approval
Grayscale Investments has taken a significant step towards gaining approval for a US spot Bitcoin exchange-traded fund (ETF). The company has filed an S-3 registration statement with the US Securities and Exchange…
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1 year agoSouth Korean Authorities Accuse SUI Network of Fraudulent Circulating Supply
South Korean authorities have expressed concerns about SUI Network, citing discrepancies in the circulating supply of their token and potential fraud. The government audit revealed that the token’s value has p…
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1 year agoRipple Partners with Tokentus Investment to Boost Growth of XRP Ledger
Ripple Labs Inc. has partnered with Tokentus Investment AG, a Frankfurt-based investment company specializing in the blockchain sector, to advance the growth and adoption of the XRP Ledger (XRPL). This…
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1 year agoElon Musk and Mark Cuban Challenge SEC's In-House Trials Without Juries
Billionaires Elon Musk and Mark Cuban have teamed up to challenge the U.S. Securities and Exchange Commission’s (SEC) practice of conducting in-house trials without juries. They have filed a joint amicus brief to t…
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1 year agoAtomic Wallet Collaborates with Exchanges to Freeze $2 Million in Suspicious Deposits
Hacked cryptocurrency wallet Atomic Wallet has frozen $2 million in “suspicious deposits” with the help of major crypto exchanges. The wallet firm collaborated with blockchain intelligence firms Chainalysis and Cry…
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1 year agoBitcoin ETF Approval: Analysts Predict Market Surge and Potential Sell-Off
The approval of a spot Bitcoin ETF is eagerly awaited by the crypto community, as it could attract billions of dollars of institutional money. However, analysts are divided on the potential market reactions to the…
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1 year agoZeroSync Developing World's First ZK Light Client to Enhance Bitcoin Scalability and Privacy
Bitcoin’s potential for scalability and privacy is being explored through the implementation of zero-knowledge proofs (ZK-proofs). ZK-proofs allow one party to prove the truth of a statement without revealing any o…
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1 year agoStandard Chartered to Launch Bitcoin and Ethereum Custody Services in Dubai
Standard Chartered, a multinational bank, is set to offer custody services for Bitcoin and Ethereum to its institutional clients in Dubai starting in Q1 2024. This move signifies the bank’s embrace of digital a…
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1 year agoStellar Lumens Blockchain Upgrades to Support Smart Contracts, Aims to Challenge Ethereum's Dominance
The Stellar Lumens blockchain is undergoing an upgrade to support smart contracts, aiming to challenge Ethereum’s dominance in the space. The new Soroban project will attract developers, users, and new a…
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1 year agoFormer SEC Chair Jay Clayton Believes Approval of Bitcoin ETF is Inevitable
Former SEC Chair Jay Clayton believes that the approval of a spot Bitcoin ETF by the Securities and Exchange Commission (SEC) is inevitable. Clayton stated that there is high demand for Bitcoin investments from…
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1 year agoNew York Attorney General Files Lawsuit Against Cryptocurrency Firms for Defrauding Investors
New York’s attorney general, Letitia James, has filed a lawsuit against cryptocurrency firms Gemini, Genesis, and Digital Currency Group (DCG) for allegedly defrauding investors through the Gemini Earn investment p…
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1 year agoRas Al Khaimah Launches RAK DAO, the World's First Free Zone for Digital Assets and Web3
Ras Al Khaimah, one of the Emirates in the UAE, has launched the RAK Digital Assets Oasis (RAK DAO), a free zone dedicated to digital and virtual asset companies. This initiative aims to attract global crypto…
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1 year agoShib CoOp Conducts Inaugural SHIB Token Burn on Shibarium, Raises Questions About Circulating Supply
In a significant development for the Shiba Inu community, Shib CoOp has announced the premiere SHIB token burn on Shibarium, a Metaverse real estate project. This marks a significant step forward for the Layer-2…
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1 year agoRas Al Khaimah Launches RAK Digital Assets Oasis to Support Digital and Virtual Assets
Ras Al Khaimah ruler Sheikh Saud bin Saqr Al Qasimi has inaugurated the RAK Digital Assets Oasis (RAK DAO), an economic free zone aimed at supporting companies involved in digital assets, blockchain, Web3, and…
