Kumo
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11 months, 1 week ago
Coinbase CEO Champions Regulatory Compliance Amid Binance Woes, Calls for Clearer U.S. Regulations
Coinbase CEO Brian Armstrong has emphasized the importance of regulatory compliance in the wake of Binance’s recent troubles. In a statement on social media, Armstrong highlighted Coinbase’s commitment to com…
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11 months, 1 week agoHECO Chain and HTX Exchange Suffer $100 Million Crypto Attack
In a shocking development, the HECO Chain ecosystem has fallen victim to a major security breach, resulting in the unauthorized transfer of over $86.6 million in digital assets. Tron founder Justin Sun has taken…
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11 months, 1 week agoThe Link Between Cryptocurrency Trading and Alcohol Addiction
Cryptocurrency trading addiction is a growing problem, with more and more traders seeking help for substance abuse. The fast-paced and constantly accessible nature of crypto trading often leads individuals to turn…
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11 months, 1 week agoJustin Sun-Linked Platforms HTX Exchange and Heco Bridge Targeted in $100+ Million Crypto Attack
Crypto entrepreneur Justin Sun has confirmed that two platforms linked to him, the HTX exchange and Heco bridge, have been targeted in a hacker attack. The attack resulted in a loss of over $100 million. The Heco…
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11 months, 1 week agoBinance's Illegally Fueled Growth: U.S. Clients Propel World's Largest Crypto Exchange
Binance, the world’s largest cryptocurrency exchange, allegedly experienced illegal growth in its early days by relying on its American clients. Despite not being a registered U.S. business, Binance targeted g…
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11 months, 1 week agoMt. Gox to Begin Repaying Creditors Nearly a Decade After Hack
The trustee of bankrupt Mt. Gox, one of the pioneer exchanges in the crypto industry, is set to begin repaying the firm’s creditors in cash. This comes nearly a decade after the exchange suffered a catastrophic h…
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11 months, 1 week agoMicrosoft and Nvidia: Benefiting from the AI Boom, with Potential Challenges Ahead
Nvidia, a leading technology company known for its high-performance chips, has reported strong financial results. However, the market was disappointed, and Nvidia’s stocks declined in after-hours trading. Despite t…
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11 months, 1 week agoBinance CEO Resigns and Delists Major Coins in Response to SEC Settlement
Binance, the world’s largest cryptocurrency exchange, is undergoing significant changes following a settlement with the US Securities and Exchange Commission (SEC). As part of the settlement, Binance CEO C…
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11 months, 1 week agoNvidia Faces Challenges from US-China Relations and Microsoft's AI Chip Development
Nvidia, a leading technology company known for its high-performance chips, has reported strong financial results. However, the market was disappointed, and Nvidia’s stocks declined in after-hours trading. Despite t…
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11 months, 1 week agoNew Binance CEO Richard Teng Aims to Restore Investor Confidence and Drive Web3 Adoption
Amidst speculation and uncertainty surrounding the departure of Changpeng “CZ” Zhao as CEO of Binance, the new CEO Richard Teng has taken to social media to reassure investors. Following CZ’s announcement, criti…
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11 months, 1 week agoBinance's $4 Billion Settlement Triggers Massive Crypto Market Losses
The recent events involving Binance, a popular cryptocurrency exchange, and U.S. federal agencies have had a significant impact on the crypto market. Binance has agreed to a $4 billion settlement with the…
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11 months, 1 week agoBinance Customers Withdraw Millions of Bitcoin Amid CEO's Money Laundering Charges
Binance, one of the largest cryptocurrency exchanges, has been hit with a massive exodus of Bitcoin following the CEO’s money laundering charges. Customers of Binance have reacted to the news by withdrawing a s…
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11 months, 1 week agoBinance CEO Resigns and Delists Major Coins in Response to SEC Settlement
Binance, the world’s largest cryptocurrency exchange, is taking significant steps in response to a groundbreaking settlement with the US Securities and Exchange Commission (SEC). The exchange has announced the d…
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11 months, 1 week agoGenesis Global Capital Files Lawsuit Against Gemini for $689 Million in Privileged Payments
Cryptocurrency lender Genesis Global Capital has filed a lawsuit against cryptocurrency exchange Gemini in an attempt to recover $689 million in privileged payments. According to court documents, Gemini allegedly…
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11 months, 1 week agoMt. Gox Creditors Receive Email Hinting at Repayments Starting in 2023
Creditors of the defunct Bitcoin exchange, Mt. Gox, have received an email indicating that repayments may soon be on the way. The trustee overseeing the exchange’s estate, Nobuaki Kobayashi, has started sending o…
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11 months, 1 week agoFormer Binance CEO CZ Steps Down After Guilty Plea, Announces Successor
The former CEO of Binance, Changpeng “CZ” Zhao, has resigned from his position after pleading guilty to violating anti-money laundering laws. In a letter circulated on social media, CZ expressed his pride in his…
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11 months, 1 week agoBinance CEO Resigns and Company Settles $4.3 Billion Money Laundering Case
Binance, one of the largest cryptocurrency exchanges, and its CEO, Changpeng Zhao, have admitted to money laundering violations. This has resulted in a significant legal settlement of $4.3 billion and Zhao’s r…
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11 months, 1 week agoBinance Appoints Richard Teng as New CEO Amidst Regulatory Challenges
Binance, the world’s largest cryptocurrency exchange, has announced a leadership transition. Richard Teng has been named the new CEO, taking over from Changpeng Zhao, who stepped down as part of a settlement with t…
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11 months, 2 weeks agoBinance CEO Steps Down and Pays $4 Billion in Fines in Landmark Crypto Settlement
Binance, the world’s largest cryptocurrency exchange, and its CEO Changpeng Zhao have agreed to pay a record-breaking corporate penalty of over $4 billion as part of a settlement with the US government. This l…
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11 months, 2 weeks agoTether and OKX Freeze $225 Million in USDT to Combat International Romance Scam
Tether, in collaboration with OKX and the U.S. Department of Justice, has frozen $225 million in USDT tokens, marking the largest freeze of its kind. This action is part of an investigation into an international…
