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Texas Regulator Orders Arkbit Crypto Mining To Shut Down
29.5.2024
A phoney Arkbit cryptocurrency cloud mining enterprise has suffered a significant setback at the hands of the Texas State Securities Board. A cease-and-desist order was issued by the SEC on May 28 against Arkbit Capital for allegedly using dishonest tactics to commit an investment fraud.
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UAE Agriculture Authority Bans Cryptocurrency Mining on Farms
24.5.2024
The Abu Dhabi Agriculture and Food Safety Authority, United Arab Emirates (UAE), has issued a new advisory prohibiting the use of farms for cryptocurrency mining.
The post UAE Agriculture Authority Bans Cryptocurrency Mining on Farms appeared first on Cryptonews
US Blocks Chinese-Backed Crypto Mining Firm From Owning Land Near Wyoming Missile Base
14.5.2024
President Joe Biden has issued an order blocking MineOne, a majority Chinese-backed cryptocurrency mining firm from owning land near a strategic nuclear missile base in Wyoming due to security concerns.
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Report Reveals Chinese Workers Converting Earned CBDC To Cash
13.5.2024
Workers in China are not very enthusiastic about the digital money issued by the nation's central bank (CBDC). According to a research published on May 13, several employees who receive their pay in digital yuan (e-CNY) quickly turned the asset into fiat money.
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Hong Kong Crypto Exchange Uses Elon Musk Deepfake to Promote Him as Lead Developer
13.5.2024
The Hong Kong Securities and Futures Commission has issued a warning regarding deepfake scams infiltrating the cryptocurrency industry.
The post Hong Kong Crypto Exchange Uses Elon Musk Deepfake to Promote Him as Lead Developer appeared first on Cryptonews
First Polygon Network bond issued via blockchain-based Debt Protocol ‘Obligate’
6.5.2024
Obligate has issued bonds using the Polygon blockchain without the involvement of any banks. Muff Trading AG, a Swiss-based physical commodities trading firm specializing in metal sourcing, issued the bonds. Muff Trading AG used the Obligate marketplace to tokenize bonds. The size and terms...
FBI Warns Americans Against Using Unregistered Crypto Money Transmitters
26.4.2024
The US Federal Bureau of Investigation (FBI) has issued a warning to Americans regarding the use of cryptocurrency money-transmitting services that are not registered as Money Services Businesses (MSBs).
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a16z Crypto Advises Against U.S. Token Sales, Citing Regulatory Risks
26.4.2024
a16z Crypto, the crypto arm of Andreessen Horowitz, has issued a stern warning to startup founders considering token sales in the United States.
The post a16z Crypto Advises Against U.S. Token Sales, Citing Regulatory Risks appeared first on Cryptonews
Velvet Capital, Backed by Binance Labs, Temporarily Offline Due to Phishing Attack Risk
23.4.2024
Recognizing the potential threat, Velvet Capital swiftly initiated internal investigations and issued a cybersecurity alert advising investors to refrain from approving wallet connection requests until further notice.
The post Velvet Capital, Backed by Binance Labs, Temporarily Offline Due...
$60 Million USDT Already Issued on TON, Making it 11th Largest Blockchain for Tether
22.4.2024
The world's leading stablecoin issuer Tether has made a fast start on The Open Network (TON), issuing $60 million worth of USDT since integrating with the blockchain on April 19th.
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Binance Converts User Emergency Fund Assets into USDC for Enhanced Stability
18.4.2024
Binance has made a significant strategic move by converting the entire pool of assets held in its emergency fund for users into USDC (USD Coin), a stablecoin issued by Circle Internet Financial.
The post Binance Converts User Emergency Fund Assets into USDC for Enhanced Stability appeared first...
Asset Manager Bitwise Says Market Underestimates Long-Term Impact of Halving
17.4.2024
Bitwise Asset Management has issued a word of caution ahead of Bitcoin's highly anticipated halving, which is set to occur on April 20.
The post Asset Manager Bitwise Says Market Underestimates Long-Term Impact of Halving appeared first on Cryptonews
Peter Schiff Predicts Bitcoin To Drop to $20K Price Level
15.4.2024
On April 14, well-known Bitcoin critic Peter Schiff projected that the price of BTC may drop to $20K. Additionally, he issued a cautionary statement, stating that in the event of a price collapse, Microstrategy—the biggest corporate Bitcoin holder—may lose an estimated $2.7 billion.
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Stablecoin FDUSD Integrates Sui Blockchain After Ethereum and BNB Chain
10.4.2024
The expansion of FDUSD into Sui also makes it the first top stablecoin natively issued on the Sui network.
The post Stablecoin FDUSD Integrates Sui Blockchain After Ethereum and BNB Chain appeared first on Cryptonews
Legal Experts Explain Why Sam Bankman-Fried’s 25-Year Prison Sentence Is Fair
4.4.2024
Former FTX customers are finally able to take a sigh of relief knowing that Sam Bankman-Fried has been sentenced to 25 years in prison. Manhattan Federal Judge Lewis Kaplan issued the 25-year sentence to Bankman-Fried, while prosecutors pegged the FTX saga to be one of the biggest financial frauds...
France’s AMF Issues Warning Against BITGET for Unauthorized Digital Asset Services
2.4.2024
AMF issued a circular on the supervision and issuance of virtual assets in the country, with BITGET on the list of those that offer crypto investments through unauthorized entities.
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CFTC Commissioner Caroline Pham Criticizes Her Own Agency After KuCoin Charges, “Aggressive” Enforcement Action
29.3.2024
Commissioner Caroline Pham of the Commodity Futures Trading Commission (CFTC) issued a statement Friday seemingly criticizing her own agency for its latest “aggressive enforcement action" following the agency's KuCoin charges, saying it might “infringe upon the SEC’s authority.”
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UK Watchdog Clarifies Rules for Memes and Finfluencers in Social Media Promotions
28.3.2024
The UK’s FCA on Tuesday issued new guidelines for financial services promotions on social media. These apply to formats like memes, reels, and gaming streams, highlighting the need for fairness and avoiding any misleading information.
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Hong Kong Regulator Issues Alert Against Suspicious Crypto Platform HKCEXP
25.3.2024
The Securities and Futures Commission of Hong Kong (SFC) has issued a warning regarding HKCEXP, an allegedly suspicious trading platform claiming to be registered with the regulator.
The post Hong Kong Regulator Issues Alert Against Suspicious Crypto Platform HKCEXP appeared first on Cryptonews
Newly Issued Gaming Token Exploited on Blast With $4.6M Drained
21.3.2024
A recently issued gaming token on layer-2 network Blast has been exploited with $4.6 million stolen, according to an announcement in the token's Telegram channel