Category: CyberFinance
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The Biggest Crypto Scam in History: Unraveling the Shocking Tale!
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While offering exciting opportunities for investors, the crypto market has also witnessed its fair share of scams and fraudulent activities. Among them, OneCoin stands out as the largest crypto scam in history, leaving investors in disbelief and regulators scrambling to take action.
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Belarus Looks to Ban Peer-to-Peer-Crypto Transactions!
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According to a notice from the Belarusian Ministry of Foreign Affairs, Belarus is looking to make peer-to-peer transactions in cryptocurrency illegal. Citizens will now be required to use registered crypto exchanges to minimize fraud in the space.
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Bittrex: SEC Has No Authority Over Crypto!
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Cryptocurrency exchange Bittrex has filed a motion to dismiss in its legal battle with the U.S. Securities and Exchange Commission (SEC). In a recent court filing, Bittrex argues that the SEC only has the authority to regulate cryptocurrencies as securities if Congress explicitly gives the agency that authority.
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CryptoBlox Closes Acquisition Of Crypto Mining Company Red Water!
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A few days ago, CryptoBlox Technologies Inc. announced, further to its news release dated June 19, 2023, that it has completed its acquisition of Red Water Acquisition Corp., a company specializing in crypto mining technology.
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New Debit Cards: Weko Takes A Look At The Beautiful Fintech World!
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Swiss banks are wooing customers with fee-free and digitally-enabled debit cards. But it’s the merchants who are footing the bill. The Competition Commission is now opening a formal investigation against each card giant, Visa and Mastercard.
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What Germany’s Hunt For Crypto Tax Evaders Means For Austria!
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As has already become known, the tax authorities in the German state of North Rhine-Westphalia want to uncover possible tax evasion cases in the crypto sector. To this end, it has requested information on investors who traded on the crypto exchange Bitcoin.de between 2015 and 2017.
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Binance With Regulatory Headache in Germany and Austria!
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This week, Binance, the world’s largest crypto asset trading exchange, withdrew its license application to the FMA. Moreover, the German BaFin is allegedly reluctant to authorize Binance as a crypto custodian. Recently, the company withdrew from the Netherlands and Cyprus due do regulatory issues. In the U.S. Binance is faced…
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Former CFTC Chairman Says U.S. Crypto Turmoil Could Be A Boon For Asia!
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Former CFTC Chairman Chris Giancarlo shared his observations on U.S. policy and its potential impact on the Asia-Pacific region in a tweet from Tokyo. He highlighted the Japan Times headline, “Crypto tumult in the U.S. might be a boon for Japan,” referring to the ongoing court cases between the SEC…
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Finally, Wallstreet Starts To Embrace Cryptos!
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Blackrock has broken the ice. The world’s largest asset manager wants to launch a spot Bitcoin ETF. Now some of the world’s biggest investment houses are following suit with their crypto plans.
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Swiss Crypto Affair: Proceedings Against Ex-Special Investigator Peter Marti Ended!
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Peter Marti can breathe a sigh of relief: The criminal proceedings against him, for example, for abuse of office, have been dropped. The former Swiss special investigator of the federal government evidently does not have to fear any charges. Criminal proceedings against him have been dropped. The decision still needs…