Author: Lucas Peterson
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“Get Out Of Crypto Platforms Now!”
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According to John Reed Stark, former SEC division chief, U.S. regulators have just begun the “siege” of crypto platforms. How neutral his statements are, however, needs to be more credible.
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Crypto.com Performs Partial Shutdown In The USA!
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Amid an increasing regulatory crackdown, the United States is experiencing a significant exodus of cryptocurrency companies. Crypto.com recognized the challenging environment and shut down part of its U.S. operations.
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Crypto: Altcoin Prices Went South With Binance Troubles In The US
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Last week, on Twitter, Binance.US announced that they would stop U.S. dollar Fiat payments. The crypto market reacted with substantial price losses but, since then recovered. The pressure from the U.S. Securities and Exchange Commission (SEC) against Binance.US has become so great that as of June 13, U.S. dollar-fiat transactions…
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The Wealthiest Man In The World Does Not Pay His Bills Again!
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Elon Musk is trying to get more favourable terms for Google servers by not paying Twitter’s bills. Twitter CEO Elon Musk is reportedly refusing to pay the company’s Google Cloud servers bill. As a result, some services could be shut down in early July because they lack the infrastructure to…
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Hong Kong Welcomes Coinbase And Global Crypto Exchanges!
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Hong Kong’s new licensing system attracts interest from Coinbase and international crypto exchanges. Hong Kong’s prominent lawmaker, Johnny Ng, invites global virtual asset trading platforms to set up shop in the city in a significant development for the cryptocurrency industry.
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Bali Instructs Tourists Not To Pay With Crypto!
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Foreign tourists who pay with cryptocurrencies in Bali will be “dealt with harshly.” At a press conference on tourism development, Bali Governor Wayan Koster that visitors who pay with cryptos or violate other rules could be deported, face criminal charges, or face harsh sanctions.
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The Takeover Of Credit Suisse: Shareholders Sue UBS!
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The takeover of Credit Suisse resulted in an extraordinary profit of 31 billion Swiss francs for UBS. However, CS shareholders are now suing against the exchange ratio of 76 centimes per share.
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Prometheum Ember Capital Is First SEC Qualified Crypto Custodian!
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Bang for the buck in the US. The first crypto company has received a license under SEC requirements. The press release states that a crypto startup has received its first license under Securities and Exchange Commission (SEC) regulations.
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Hong Kong Securities Regulator To Start Accepting License Applications For Crypto Exchanges On June 1!
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Securities and Futures Commission (SFC) guidelines prohibit “crypto gifts” designed to incentivize retail investors, which likely include airdrops. According to an announcement this week, the SFC will begin accepting applications for licenses for crypto trading platforms starting June 1.
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Wise: Share Price Went South After The CFO Departure!
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It was one of the most highly valued startups in Europe. Wise, previously known as Transferwise, was listed on the London Stock Exchange in July 2021. Now there are personnel changes. Shares in fintech company Wise fell almost ten percent this week after it was announced that CFO Matt Briers…