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10 months, 3 weeks agoIndia Issues Compliance Notices to Offshore Crypto Exchanges for Violating Money Laundering Laws
In a significant move, India’s Finance Ministry has issued compliance show-cause notices to nine major offshore cryptocurrency exchanges, including industry giants like Binance, Huobi, and Kucoin. The government a…
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10 months, 3 weeks agoDecentralized Finance Startup Levana Protocol Suffers $1.14 Million Loss in Security Exploit
The Levana perpetual swap protocol, operating on the Osmosis blockchain, recently suffered a significant exploit, resulting in a loss of $1.14 million. Over a 13-day period, an unauthorized party managed to drain…
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10 months, 3 weeks agoCrypto Compliance and Risk Management: Navigating the Evolving Regulatory Landscape
The growing Web3 market presents challenges in compliance and risk management for companies operating in the blockchain industry. With the complexities of decentralized finance (DeFi) and the increasing security…
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10 months, 3 weeks agoIndia's Financial Intelligence Unit Issues Show Cause Notices to Offshore Cryptocurrency Operators for Violating Money Laundering Laws
In a move to regulate the cryptocurrency sector, India’s Financial Intelligence Unit (FIU) has issued show cause notices to nine offshore Virtual Digital Assets (VDA) service providers for allegedly violating the P…
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10 months, 3 weeks agoCelsius Mining Company Receives Final Approval for $225M Restructuring Plan
The United States Bankruptcy Court for the Southern District of New York has granted final approval for Celsius Mining Company’s restructuring plan. The plan involves the creation of a new public company focused o…
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10 months, 3 weeks agoExperts Predict Exciting Future for Swiss Banking Industry
Matthias Geissbühler, the investment chief at Raiffeisen, leads clients through the stock market during the week. However, on Saturdays, he takes on a different role as singer-songwriter Matt, showcasing his new…
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10 months, 3 weeks agoGrayscale Reaches Compromise with SEC on Cash-Only Creation and Redemption
Grayscale, the digital asset management firm, has filed an amended S-3 filing with the United States Securities and Exchange Commission (SEC) following a recent leadership shuffle and the departure of Barry…
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10 months, 3 weeks agoTrueUSD Partners with MooreHK to Revolutionize Transparency in Stablecoin Market
TrueUSD, the fourth largest stablecoin in the market, has announced a strategic initiative to improve trust in stablecoins. The initiative aims to address the controversial issue of transparency of trust reserves…
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10 months, 3 weeks agoFormer President Donald Trump Sells $2.4 Million Worth of Ethereum, Continues NFT Ventures
Former President Donald Trump has reportedly sold off 1,075 ETH, worth an estimated $2.4 million, over the past three weeks. The sale was made from a crypto portfolio believed to belong to Trump, and the ETH was…
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10 months, 3 weeks agoArgentina Proposes Bill to Regularize Cryptocurrencies, Boost Economy
The Argentine government has introduced a bill that aims to regulate undeclared cryptocurrencies, including bitcoin, under a new tax regime. The proposal, known as the “law of bases and starting points for the f…
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10 months, 3 weeks agoBitzlato Halts Bitcoin Withdrawals Amidst Founder's Guilty Plea and Dissolution
Cryptocurrency exchange Bitzlato has temporarily halted Bitcoin withdrawals following the guilty plea of its former CEO and co-founder, Anatoly Legkodymov, to criminal charges in the US. Legkodymov agreed to…
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10 months, 3 weeks agoArgentina's New Government Plans to Ease Crypto Legalization for Taxpayers
The newly formed government of Argentina, led by libertarian Javier Milei, has introduced a bill to ease the path to legalizing cryptocurrency holdings, even for those who have not declared their taxes. The bill,…
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10 months, 3 weeks agoBlast Secures $1.1B in Deposits Ahead of Launch, Announces Airdrop Redemption in May 2024
More than a month before its official launch, Blast has already received $1.1 billion in deposits. This is a significant amount considering the platform is not yet live. Depositors can look forward to receiving an…
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10 months, 3 weeks agoARK Invest Sells Grayscale GBTC Holdings, Buys ProShares BITO in Latest Trade Filing
Cathie Wood’s asset management firm, ARK Invest, has sold all its positions in Grayscale’s Bitcoin Trust (GBTC) and purchased $92 million worth of ProShares Bitcoin Strategy ETF (BITO). This move is part of ARK…
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10 months, 3 weeks agoARK Invest Liquidates $200 Million in GBTC Holdings, Shifts Focus to Bitcoin Futures ETF
ARK Invest, the institutional asset management firm led by Cathie Wood, has sold its entire remaining holdings of Grayscale Bitcoin Trust (GBTC) worth $200 million. The firm used half of the proceeds to invest in…
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10 months, 3 weeks agoJ.P. Morgan's US Bank Unit Generates Nearly One-Fifth of Industry Profits
The US banking giant J.P. Morgan has solidified its leadership position, with its US banking subsidiary generating nearly one-fifth of the industry’s profits in the first nine months of the year. According to the F…
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10 months, 3 weeks agoFormer President Donald Trump's Ethereum Wallet Transfers Millions in Cryptocurrency to Coinbase
An Ethereum wallet associated with former President Donald Trump has reportedly transferred millions in cryptocurrency, suspected to be proceeds from sales of non-fungible tokens (NFTs). The wallet recently moved…
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10 months, 3 weeks agoOrdinals Enthusiast Pays $7K to Fulfill Elon Musk's NFT Challenge
Bitcoin Ordinals, a digital art collection inscribed on the Bitcoin blockchain, has sparked a heated debate within the cryptocurrency community. Critics argue that Ordinals inscriptions are “spam” and pose a sec…
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10 months, 3 weeks agoCredit Suisse's Demise: A Tragicomic Tale Unfolds
The end of the second largest Swiss bank has generated significant interest among readers of finews.ch. Alongside the Credit Suisse, other topics also captured attention in the columns of finews.ch in 2023. The…
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10 months, 3 weeks agoCalls for Removal of SEC Chair Gensler Intensify Amidst Scandal and Criticism
In recent years, the United States Securities and Exchange Commission (SEC) has faced criticism from the crypto industry for its aggressive approach towards enforcement actions and lawsuits targeting crypto firms…
