Author: Lucas Peterson
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Final Approval Of Crypto Rules Makes Europe A Global Leader In Regulation!
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On Tuesday, the European Union’s sweeping, toughened cryptocurrency rules received final approval from member states, giving the 27-nation bloc a global lead in regulating the freewheeling sector.
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SEC Rebuffs Coinbase!
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In late April, Coinbase called for more clarity on crypto regulation. However, according to Gary Gensler and the SEC, the existing rules are sufficient. The SEC has refused to comply with Coinbase’s request for more clarity in crypto regulations.
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Do Kwon Back On The Loose, According To Local Media!
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In March, the Terra founder, Do Kwon, was arrested at Podgorica airport. He has been released from custody on bail, according to a report by Montenegrin news site Pobjeda.
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SoftBank Vision Fund Records $32B Loss Due To Startups’ Valuation Decrease!
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SoftBank Vision Fund, the prominent global investor in tech startups, reported a significant loss of $32 billion for the financial year ending in March. This represents a 70% increase in casualties compared to the previous year.
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Cryptocurrencies And Their Problematic Scams!
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Cryptocurrencies have surged in popularity recently, offering the potential for financial growth and technological innovation. However, cryptocurrencies are not immune to fraudulent activity and scams. This article addresses the alarming rise of crypto frauds and their collaboration with influencers and media personalities, leading to damaging consequences such as pump-and-dump schemes…
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U.S. Chamber Of Commerce Backs Coinbase And Criticizes SEC!
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The U.S. Chamber of Commerce is backing crypto exchange Coinbase in its legal battle with the SEC, calling the agency’s actions illegal. The U.S. Chamber of Commerce filed an amicus brief on May 9 criticizing the U.S. Securities and Exchange Commission (SEC) in its case against crypto exchange Coinbase.
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N26 Plans To Launch An Interest Product!
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Berlin-based neobank N26 also wants to pass on the increased interest rates to its customers – CEO Valentin Stalf announced the launch of a savings product at the Finance Forward conference.
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Binance Founder Reportedly Plans Partial Exit From U.S. Subsidiary!
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The U.S. subsidiary of the world’s largest crypto exchange, Binance wants to reduce regulatory pressure with a change in ownership structure, according to a media report. Company founder and majority shareholder Changpeng Zhao is planning a partial exit from Binance.US, news portal The Information reported, citing insiders.
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Still Trusted? Crypto Exchange Binance Failed Twice Within 24 Hours!
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The crypto industry has been in panic mode since the collapse of Terra-Luna, Voyager Digital, and FTX. In this respect, Binance’s latest payout problems have caused a panic surge. On Sunday and Monday, Binance had to interrupt the transfer of Bitcoin for about two hours each.
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Sam Bankman-Fried Demands The Dismissal Of The Lawsuit!
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The FTX founder is accused by the U.S. Department of Justice (DOJ) of fraud, money laundering, and embezzlement. Now Sam Bankman-Fried is calling for the charges against him to be dropped.