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Showing posts from June, 2024
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Unveiling the Titans of Crypto Mining: A Deep Dive Into 5 Consensus Algorithms

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In the intricate world of cryptocurrency, not all algorithms are forged equal. The proof-of-work (PoW) consensus algorithms like Kheavyhash, Scrypt, Blake3, SHA-256, and Ethash are the linchpins that not only secure but also empower the blockchain with the integrity and trust that underpin several of today’s leading digital currencies. Understanding Proof-of-Work and Its Variants Proof-of-work […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/6zONpTM

Milei Reveals New Economic Phase for Argentina: Zero Monetary Issuance

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Javier Milei, the libertarian President of Argentina, has revealed the new policies that will be applied to cement the economic victories he has achieved in Argentina. In an interview, he stated that now, with the recent approval of the omnibus law, the country has reached phase two of its economic plan, which entails having zero […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/6zONpTM

Hawaii Wraps Up Sandbox: Crypto Firms No Longer Need State Money Transmitter Licenses

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The U.S. state of Hawaii’s regulatory sandbox concludes today. Crypto companies will no longer require a Hawaii-issued money transmitter license to conduct business within the state. However, they must comply with federal regulations. Hawaii’s Regulatory Sandbox Concludes The Department of Commerce and Consumer Affairs of Hawaii and the Hawaii Technology Development Corporation (HTDC) issued an […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/6zONpTM

Unlocking Value: Fair Price Discovery, the Role of Market Makers

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Getting a token from inception to market is no mean feat and more often takes years of planning and commitment. Achieving fair price discovery and stability requires just as much commitment and energy. Generally speaking, market makers categorize the token pricing journey into four main phases: pre-generation construction, primary listing, price discovery and expansion, and […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/Z14MAcW

Crypto ATM Installations Rise in 2024, Adding 2,564 New Machines Globally

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In June, the number of cryptocurrency automated teller machines (ATMs) saw a slight decline, yet 377 new ATMs were installed during the month. Since January 2024, data shows a total of 2,564 crypto ATMs have been deployed globally. 2024 Sees Steady Rise in Crypto ATMs Despite June Dip At the end of 2022, there was […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/Z14MAcW

The Definitive Guide to Tapioca DAO: Part One

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This piece is a guest post by Emiri, published originally on Blocmates. Blocmates is an invaluable crypto news and educational resource that offers clarity in the often complicated and jargon-filled crypto space. Blocmates is especially adept at covering new decentralized finance (defi) projects, which are arguably at the forefront of the entire crypto industry. Tapioca […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/Z14MAcW

Crypto Exchange Binance Takes Action Against Account Misuse

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Cryptocurrency exchange Binance has announced measures to address the misuse of account features on its platform, aimed at preventing unfair advantages such as better fee rates. Enhanced monitoring, investigations, and user reporting channels are part of the initiative, with rewards offered for verified misuse reports. Binance Cracks Down on Account Misuse to Uphold Compliance Cryptocurrency […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/Z14MAcW

Dozens Killed in Riots as Kenya Revolts Against Tax Hikes, Calls for Presidential Resignation

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Dozens of citizens were killed in Kenya as a result of riots seeking to protest the possible signing of a bill that would approve tax hikes on daily services and items, such as internet and fuel, in a plan to raise an additional $2.7 billion in revenue. The protests, led mostly by young Kenyans who […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/h7xwdbI

North Carolina Passes Bill to Block State Participation in Federal CBDC Testing

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The General Assembly of the U.S. state of North Carolina has approved a bill that prevents the state from participating in the Federal Reserve’s testing of a central bank digital currency (CBDC). The General Assembly is North Carolina’s legislative body, comprising two chambers: the House of Representatives and the Senate. The bill passed with significant […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/h7xwdbI

Study: Crypto Assets Worth $572.7 Million Lost to Hacks and Fraud in Q2 2024

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Digital assets worth over $572.7 million were lost to hacks and fraud in the second quarter of 2024. This latest figure brings the value of digital assets lost to hacks, fraud, and scams in 2024 to $920.9 million. Decentralized finance (defi) platforms lost approximately $172.1 million across 63 incidents. This figure is 25% lower than […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/h7xwdbI

Yield App Suspends Operations Ahead of Liquidation

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Yield App, a platform for earning interest, buying, and swapping cryptocurrencies, announced on social media platform X Friday the suspension of all activities in preparation for liquidation proceedings. The Seychelles-based company halted operations due to significant portfolio losses from third-party hedge fund managers on the failed cryptocurrency exchange FTX, which are currently under litigation. To […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/h7xwdbI

SEC Revokes Lufkin Advisors’ Registration Amid Fraudulent Crypto Activities

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The U.S. Securities and Exchange Commission (SEC) instituted administrative proceedings against Lufkin Advisors LLC on Wednesday. This follows an offer of settlement from Lufkin Advisors, which the SEC has accepted. The SEC found that Lufkin Advisors engaged in fraudulent activities, including the mismanagement of crypto assets, undisclosed investments with an employer related to the spouse […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/QIsBthR

Binance CEO Shares Key Tips for Investors Getting Into Crypto

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Binance CEO Richard Teng has given some advice for investors interested in getting into cryptocurrency. He provided three key tips for starting a crypto journey. “Explore and constantly reassess your strategy” was one of the three pieces of advice the Binance executive gave. Binance’s CEO Shares Tips for New Crypto Investors Binance CEO Richard Teng […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/QIsBthR

Unlock the Power of Crypto to Acquire Rare Hermès Luxury at Ginza Xiaoma

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In the ever-evolving world of luxury, a new frontier has emerged – one where the boundaries between virtual and physical assets blur. Introducing Ginza Xiaoma, the premier destination for savvy crypto investors seeking to diversify their portfolios with the ultimate status symbol: the iconic Hermès Birkin bag. Introducing Ginza Xiaoma As the crypto market continues […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/8DphgwH

Binance’s Local Exchange Receives Dubai License, Initiates UAE User Migration

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Binance is transitioning UAE resident accounts to its new regulated local entity, Binance FZE, following a Virtual Asset Service Provider license from Dubai’s regulator. This change will allow UAE users to access various virtual asset services locally, including AED bank deposits and withdrawals. Binance’s Local Exchange in UAE Now Licensed Crypto exchange Binance announced on […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/8DphgwH

Landmark Federal Case: Jury Declares Crypto Price Manipulation as Securities Fraud

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In a landmark federal case, two men were sentenced for manipulating the price of a cryptocurrency and defrauding investors, marking the first instance where “a jury in a federal criminal trial found that a cryptocurrency was a security and that manipulating cryptocurrency prices was securities fraud,” said the head of the Justice Department’s Criminal Division. […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/8DphgwH

North Korea’s Lazarus Group Exploited Defi Protocol Alex Lab for $4.3 Million, Probe Reveals

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Bitcoin layer-two developer Alex Lab revealed that an investigation linked the North Korea-linked Lazarus Group to the $4.3 million exploit that occurred on May 16. Alex Lab has facilitated communication between the Singapore Police Force and relevant cryptocurrency exchanges as part of the ongoing investigation. Alex Lab Collaborates With Law Enforcement in $4.3M Hack Investigation […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/gtF94DP

India’s Digital Rupee Usage Drops Drastically After Initial Surge

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India’s central bank digital currency (CBDC), the digital rupee, has experienced a significant decline in usage, decreasing to a tenth of its peak in December 2023, according to sources involved in the pilot project. The Reserve Bank of India (RBI) initially reached 1 million daily retail transactions with the digital rupee by incentivizing banks and […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/gtF94DP

ECB Publishes Digital Euro’s First Progress Report

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The European Central Bank (ECB) has published its first progress report on the digital euro preparation phase, highlighting key design features and ongoing developments. The report emphasizes high privacy standards for both online and offline payments, aiming to provide users with a cash-like level of privacy. First Progress Report on the Digital Euro Preparation Phase […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/gtF94DP

Iran Officially Unveils Central Bank Digital Currency Project

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Iran officially unveiled its central bank digital currency (CBDC) on Sunday during a ceremony attended by Central Bank of Iran (CBI) Governor Mohammad Reza Farzin and chief executives of several major banks. This digital currency, issued electronically by the central bank, aims to streamline transactions within the country’s banking system. A pilot project will commence […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/By7FrYR

Wikileaks Founder Julian Assange Freed From Prison — Set to Plead Guilty in US Deal

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Wikileaks founder Julian Assange has been released from prison after serving five years, following a plea agreement with the U.S. Department of Justice (DOJ). “This is the result of a global campaign that spanned grass-roots organizers, press freedom campaigners, legislators and leaders from across the political spectrum, all the way to the United Nations,” Wikileaks […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/By7FrYR

Crypto Industry Future: Insights From Marathon Digital’s CEO on Trump and Biden

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Marathon Digital’s CEO has shared his insights on the future of the crypto industry and the potential impact of the upcoming presidential election. The executive observed that the Biden administration has historically been hostile to bitcoin and crypto through its various agencies. However, he noted a recent shift in its stance, likely due to the […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/By7FrYR

Latam Insights: Salvadoran Government Introduces Bitcoin Banking Bill, Bitcoin to Compete With Other Currencies in Argentina

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Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The Salvadoran government pushes a bitcoin banking bill, president Milei states bitcoin will compete with other currencies in Argentina, and the Wasabi Wallet lead dev declares that bitcoin developers “have failed” El Salvador. […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/jQhZEpI

Pantera Capital Calls Solana the ‘Mac OS of Blockchains,’ Highlights Architecture Benefits and Growing Adoption

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Pantera Capital, an institutional asset manager focused on blockchain technology, has called Solana the “Mac OS of blockchains” in its latest blockchain letter. The firm details that the rise of Solana over Ethereum is reminiscent of what Microsoft experienced when Apple entered the market, highlighting Solana’s growing retail adoption and architectural advantages. Pantera Capital States […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/jQhZEpI

Nigerian Regulator Amends VASPs Rules; Threatens Enforcement Against Noncompliant Entities

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The Nigerian securities regulator said on June 21 that it had amended the digital asset rules to expand their scope and introduced an accelerated process for onboarding virtual asset service providers. The Accelerated Regulatory Incubation Programme provides VASPs with insights into the Commission’s expectations before they fully commence operations. Regulator Threatens Enforcement Action Against Non-Compliant […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/HUYOiAC

Parfin Creates New Blockchain to Be Used as Privacy Solution for Brazilian CBDC

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Parfin, a financial technology company, has created a new blockchain system to be used as a privacy solution for the Brazilian CBDC, drex. Rayls, the new blockchain, will offer the possibility of operating in a permissioned way and also linking itself to other public blockchains using Rayls Public Chain, a native Ethereum layer two (L2). […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/HUYOiAC

US Government to Report Seized Crypto as ‘Nonmonetary Property’

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The Federal Accounting Standards Advisory Board (FASAB) has clarified that seized crypto assets should be treated as “nonmonetary property” while central bank digital currencies (CBDCs) should be treated as monetary instruments. The federal authority claims that cryptocurrencies “do not typically possess all monetary characteristics,” emphasizing that they “are not effective as a unit of account, […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/HUYOiAC

Bitwise CIO Makes the Case for Adding Ether to Investment Portfolios

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Matt Hougan, CIO of Bitwise, a crypto-based index fund and ETF provider, has explained why he believes ether might be an interesting asset for an investment portfolio. Hougan states three key reasons for investing in ether: diversification to “own the market,” different use cases than bitcoin, and historical analysis. Bitwise CIO Presents Three Reasons to […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/e7sqK9H

Montenegro Prime Minister Listed Among Top Terraform Labs Investors in SEC Filing

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Milojko Spajic, Prime Minister of Montenegro, was revealed as an early investor in Terraform Labs, co-founded by Kwon Do-hyung (Do Kwon). A filing with the U.S. Securities and Exchange Commission (SEC) lists Spajic as the 16th investor in Terraform Labs, purchasing 750,000 luna coins at 10 cents each in April 2018. This revelation raises concerns […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/e7sqK9H

Gemini Founders Donate $2 Million in Bitcoin to Donald Trump to End Biden’s ‘War on Crypto’

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Crypto exchange Gemini’s co-founders, Cameron and Tyler Winklevoss, have donated $1 million each in bitcoin to Donald Trump’s presidential campaign. Tyler criticized the Biden administration for allegedly weaponizing government agencies, as well as the U.S. Securities and Exchange Commission (SEC), against the crypto industry. Cameron echoed these sentiments, declaring Trump as the pro-bitcoin, pro-crypto, and […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/e7sqK9H

UK Crackdown: Illegal Crypto Exchange Operators Arrested in £1 Billion Trading Bust

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The UK Financial Conduct Authority (FCA), in collaboration with the Metropolitan Police Service, conducted an operation leading to the arrest of two individuals, aged 38 and 44, suspected of running an illegal crypto asset exchange. It is believed that over £1 billion of unregistered crypto assets were traded through this business, the FCA said on […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/Q8NTEZH

Indian Authority Uncovers Large-Scale Crypto and Hawala Operation, Arrests Key Player

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India’s Directorate of Enforcement (ED) has arrested Manideep Mago under the Prevention of Money Laundering Act (PMLA), 2002, in connection with an “illegal foreign remittances case” involving cryptocurrency. The investigation uncovered that a Delhi-based company sold cryptocurrencies worth over Rs. 1858 crore ($223 million) on crypto exchanges and made foreign remittances exceeding Rs. 3500 crore. […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/Q8NTEZH

Law Enforcement Holds Positive Views on Crypto Despite Crime Concerns, Chainalysis Reports

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Blockchain analytics firm Chainalysis has found that law enforcement finds cryptocurrency relevant to many investigations and holds positive overall views. The firm also notes the growing adoption of cryptocurrency and its increased criminal exploitation, including intellectual property theft and drug trafficking. Despite the availability of various tools, many respondents are dissatisfied with current resources, highlighting […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/Q8NTEZH

Australian Bank Halts Development of ETH-Based Stablecoin

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The National Australia Bank recently abandoned its stablecoin initiative, and the development team behind the project is now involved with the Ubiquity stablecoin. The Australian bank’s decision to shelve the stablecoin project shows that startups are better positioned to innovate or adapt than established banks. NAB Team Joins Ubiquity The National Australia Bank (NAB) recently […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/o8Pd5xB

Unlicensed Crypto Business Leads to Indictments in Utah

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Two Utah residents have been indicted for operating an unlicensed money-transmitting business, converting over $2.5 million into cryptocurrency, according to the U.S. Department of Justice (DOJ). The two were arrested over the weekend in Washington County. Utah Men Arrested for Illegal Cryptocurrency Transactions The U.S. Department of Justice and the U.S. Attorney’s Office for the […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/o8Pd5xB

IMF: CBDCs Can Boost Financial Inclusion and Payment Efficiency in Middle East

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The International Monetary Fund (IMF) says 19 countries in the Middle East and Central Asia, including Bahrain, Georgia, Saudi Arabia, and the UAE, are in the advanced “proof-of concept” stage for central bank digital currencies (CBDCs). “We support policymakers evaluating the need to issue a CBDC and help them craft strong policies and regulatory frameworks […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/o8Pd5xB

US Charges Empire Market Operators in $430M Dark Web Scheme — They Face Maximum Sentence of Life in Prison

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The U.S. Homeland Security Investigations has charged two men for operating Empire Market, a dark web marketplace, facilitating $430 million in illegal transactions. The defendants face severe penalties, including life imprisonment. “During the investigation, federal law enforcement seized cryptocurrency valued at $75 million at the time of the seizures, as well as cash and precious […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/pdAeqXu

Analyst: Bank of Thailand Boosts Gold Reserves to Push De-Dollarized Trading System Fueled by CBDC

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The Bank of Thailand might be increasing its gold reserves to power a de-dollarized trading system, according to Jan Nieuwenhuijs, a gold market analyst. Nieuwenhuijs states that the Bank of Thailand’s constant gold purchases might indicate the nation is preparing to address the possible trade imbalances derived from using Mbridge, a CBDC cross-border settlement project. […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/pdAeqXu

Ripple Working With 10 Governments Globally, CEO Reveals in Rediscovered Interview

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In a resurfaced video clip, Ripple CEO Brad Garlinghouse stated that his crypto firm is collaborating with around 10 governments globally on central bank digital currencies (CBDCs). “A central bank digital currency is a stablecoin. It’s just issued by the government,” the executive described. Ripple CEO on Working With Governments Worldwide A video clip surfaced […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/pdAeqXu

Tanzania Targets Crypto Traders With Proposed Income Tax Act Amendment

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Tanzania plans to amend its Income Tax Act to tax crypto trades. The proposal includes a three per cent withholding tax on income from digital asset transactions. Digital platform owners or facilitators of digital asset transfers will act as withholding agents. Foreign citizens operating such platforms must register under Tanzania’s Simplified Tax Regime. The government […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/KDc9Eoq

Financial Stability Board Emphasizes Need for Global Crypto Regulation to Prevent Arbitrage

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The Financial Stability Board (FSB) Plenary met in Toronto on June 14 to discuss various financial stability issues. Key topics included the financial stability outlook, lessons from the March 2023 banking turmoil, and enhancing the resilience of non-bank financial intermediation (NBFI). The FSB also reviewed progress on implementing its global regulatory framework for crypto asset […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/KDc9Eoq

Fidelity’s Director of Global Macro Sees Bitcoin as ‘Exponential Gold’ on Store of Value Team

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Fidelity Investments’ Director of Global Macro sees bitcoin as “exponential gold” and “an aspiring player on the store of value team.” According to his analysis, bitcoin’s price is “driven primarily by the growth in its network, which is in turn driven by bitcoin’s unique scarcity feature, as well as the monetary and fiscal policy cycle, […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/KDc9Eoq

Block Earner Co-Founder: Lack of Regulation Limits Australian Crypto Market to Token Sales Only

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Regulation through enforcement often yields suboptimal outcomes for all stakeholders, including consumers, as it creates a negative stigma around industry companies,” asserted the co-founder of an Australian crypto startup. The co-founder expressed optimism that the Australian Securities and Investments Commission’s recent court setback would encourage Parliament to establish a regulatory framework for the Aussie crypto […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/OsNrcSw

Putin Criticizes U.S. Dollar’s Lack of Gold Backing, Calls for Alternative Payment Systems

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Russian President Vladimir Putin criticized the United States for its abandonment of the gold standard, remarking in a Sputnik-released video that the U.S. dollar is now a trust-based currency without tangible backing, a decision underscored by the absence of gold equivalence. This critique arrives during efforts by BRICS countries to diminish reliance on the U.S. […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/OsNrcSw

Study: Crypto Market Participants Favor Meme Coins, Shun High-FDV Projects

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Crypto market participants’ growing preference for character or celebrity meme tokens signals a growing disdain for projects with a high fully diluted value, the latest Kucoin report has said. Tap-to-earn projects have “remarkably higher overall participation data” due to their lower barriers to understanding and participation. Tokens with High FDV Face Limited Price Discovery Opportunities […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/OsNrcSw

Ripple Legal Chief Countered SEC Allegations: No Victims to Compensate

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Ripple’s chief legal officer has countered the U.S. Securities and Exchange Commission (SEC)’s allegations following the crypto firm’s proposal to limit its penalty to no more than $10 million. The legal chief highlighted that the SEC is “raging” and emphasized that, unlike the Terraform Labs case, there are no victims to compensate in Ripple’s case. […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/OsNrcSw

Malaysia Launches Special Operation to Crack Down on Crypto Tax Evasion

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Malaysia’s Inland Revenue Board (IRB), in collaboration with the Royal Malaysia Police and Cybersecurity Malaysia (CSM), recently launched a special operation codenamed “Ops Token” to tackle tax revenue losses from cryptocurrency trading. The initiative, involving 38 personnel, was executed across 10 locations in the Klang Valley. This region encompasses the federal territories of Kuala Lumpur […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/qBPn5Ni

Indian Authority Cracks Down on Highrich Online’s Crypto Operations

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India’s Enforcement Directorate (ED) has conducted searches that uncovered a Ponzi scheme involving cryptocurrency operations and HR Crypto Coin, leading to significant asset seizures and freezing. The coins were part of the scheme, luring people to invest with promises of a 15% annual interest rate and offering 30% direct referral income for introducing new customers. […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/qBPn5Ni

SEC Now Demands $102.6 Million Penalty From Ripple in XRP Case

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The U.S. Securities and Exchange Commission (SEC) is now pursuing a $102.6 million penalty from Ripple, a substantial reduction from the nearly $2 billion originally sought. Ripple recently proposed a $10 million penalty, citing the Terraform Labs settlement as justification. However, the SEC countered that such a low penalty “would not satisfy the purposes of […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/qBPn5Ni

Robert Kiyosaki Frustrated by ‘Lame Excuses’ to Avoid Buying Bitcoin – Foresees Significant Price Rise

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Rich Dad Poor Dad author Robert Kiyosaki has urged investors to buy bitcoin despite the cryptocurrency’s high prices. “I become frustrated encouraging people to buy bitcoin. I receive so many lame excuses,” he said, emphasizing that although the current price is high, it is not as high as it will be in the future. ‘I […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/qBPn5Ni

BIS Survey: 94% of Central Banks Exploring Digital Currency

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The latest Bank for International Settlements (BIS) survey reveals that 94% of central banks are exploring central bank digital currencies (CBDCs). There has been a notable increase in wholesale CBDC experiments, especially in advanced economies. Central banks are examining various factors for retail CBDCs, including holding limits and offline functionality. 94% of Surveyed Central Banks […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/Uzs1YMw

Stand With Crypto Publishes Manifesto to Make UK a Leader in Digital Assets

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Stand With Crypto UK has published a manifesto outlining steps for the UK to establish itself as a global leader in fintech, digital assets, and tokenization. “We believe the next government should take meaningful steps to position the UK as a global hub of digital assets, tokenization and fintech,” said Coinbase. Stand With Crypto Publishes […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/Uzs1YMw

Bitwise CEO: Bitcoin Should Move on From ‘Digital Gold’ Narrative as It Reaches Mainstream Adoption

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Hunter Horsley, co-founder and CEO of Bitwise, a San Francisco-based cryptocurrency asset management firm, declared that the “digital gold” narrative limits bitcoin’s reach as an investment asset. Horsely stated that, while the “digital gold” representation has been helpful for bitcoin, it has many qualities that put it over gold and it is time to “graduate” […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/Uzs1YMw

Landmark Ruling: Crypto Dealings Not Illegal in India, Says High Court

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The Orissa High Court in India ruled that cryptocurrency dealings are not illegal under Indian law. This decision arose from a case involving individuals accused of fraud through a Ponzi scheme. Justice Sasikanta Mishra clarified that cryptocurrency is not considered money under the Prize Chits and Money Circulation Schemes (Banning) Act or a deposit under […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/x6kS3tj

Attorney Disbarred After Misappropriating $4 Million in Bitcoin Funds

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The Supreme Court of Georgia, the highest judicial authority of the U.S. state of Georgia, has disbarred attorney Diana McDonald on June 11 for misappropriating $4 million from a bitcoin escrow transaction. In 2019, McDonald acted as a fiduciary for a client involved in a Bitcoin deal that failed to deliver the promised cryptocurrency. Despite […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/x6kS3tj

US Lawmaker Proposes Stricter Digital Asset Regulations to Enforce Russian Sanctions

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U.S. Congressman Brad Sherman has proposed an amendment designed to enhance the enforcement of sanctions on Russian digital assets. The amendment allows the Treasury Secretary to prohibit crypto transactions linked to Russian entities and requires U.S. taxpayers to report crypto transactions offshore exceeding $10,000 to the Financial Crimes Enforcement Network (FinCEN). New Amendment Seeks to […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/x6kS3tj

Tesla CEO Elon Musk Warns Against Government Overregulation

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Tesla CEO Elon Musk has expressed concern that excessive government expansion leads to more regulators than participants, negatively impacting the system. Musk acknowledged the need for regulators but stressed they should not outnumber players. He reiterated that the government should act as a referee, setting sensible rules without hindering industry progress. Elon Musk Says Government […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/x6kS3tj

Thai Finance Minister Revokes Crypto Exchange Zipmex’s Licenses

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The Securities and Exchange Commission (SEC) of Thailand announced Monday that the Thai Minister of Finance has revoked Zipmex’s digital asset exchange and broker licenses effective May 28, 2024. This decision, which followed the Thai SEC Board’s recommendation, was based on concerns over the crypto trading platform’s financial stability, inadequate management structure, and insufficient personnel, […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/Ix72NGW

Donald Trump Pledges to Champion Bitcoin Mining in Historic Meeting With Industry Leaders

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Former U.S. President and presidential candidate Donald Trump has engaged with leaders in the bitcoin mining sector, expressing his support for the industry. Trump stressed that bitcoin mining “may be our last line of defense” against a central bank digital currency (CBDC). He emphasized the importance of producing the remaining bitcoin in the U.S., suggesting […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/Ix72NGW

Asia’s Gold Rush: Investors Seek Safe Haven Amid Economic Uncertainty

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Demand for gold in Asia is surging despite high prices, as buyers seek a hedge against geopolitical and economic uncertainty. In Japan, there is currently a strong bullish sentiment on gold. Chinese investors, facing currency devaluation, real estate downturn, and trade tensions, have increased their gold purchases by 27% in the first quarter. In Thailand […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/Ix72NGW

UBS Recommends Buying Gold Dips Amid Economic Uncertainty

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The UBS editorial team, comprising financial analysts and economists at UBS, a prominent global financial services firm, recommends purchasing gold during price dips rather than selling. Recently, gold prices fell by over $80 per ounce due to strong U.S. payroll and earnings data, coupled with a rise in the 10-year U.S. Treasury yield and the […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/OcfVkgX

Japanese Corporation Metaplanet Acquires More Bitcoin, Stock Price Soars

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Metaplanet, a publicly traded corporation on the Tokyo Stock Exchange, has announced an investment of 23.351 bitcoins, with an average purchase price of 10,706,180 yen per BTC, totaling 250 million yen ($1.6 million). The company now holds 141.0727 bitcoins, with an average purchase price of 10,278,391 yen per BTC, amounting to a total aggregated purchase […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/OcfVkgX

Putin Says US Dollar Dominance Diminishing as Use of ‘Toxic Currencies’ Declines

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Russian President Vladimir Putin claims U.S. economic policies are diminishing the dollar’s global dominance. “Last year the share of payments for Russian exports in the unfriendly states’ so-called toxic currencies was halved,” he revealed, labeling the U.S.’s $1 trillion trade deficit as modern neocolonialism and emphasizing Russia’s shift towards using the ruble and local currencies […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/OcfVkgX

FTC Warns of Crypto Scams From Online Love Interests

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The U.S. Federal Trade Commission (FTC) has issued a warning about cryptocurrency romance scammers who offer investment advice. The FTC emphasizes the risks involved and urges immediate reporting and caution to protect others. “They establish an emotional connection with you so you’re more likely to believe that they’re an expert in cryptocurrency investing, for example,” […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/nTUiqJN

HSBC China Introduces Digital Yuan Services for Corporate Clients

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HSBC Bank (China) Ltd. announced on Friday the launch of digital yuan (e-CNY) services for corporate clients, becoming one of the first international banks to provide these services to both corporate and retail customers. The e-CNY, or digital yuan, is China’s central bank digital currency (CBDC) issued by the People’s Bank of China (PBOC). Following […] Register now to receive up to $255 welcome bonus. Let cryptocurrency change your life https://ift.tt/nTUiqJN