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SEC Plans to Restrict Hedge Funds Exposure to Crypto With New Proposal


The U.S. Securities and Exchange Commission (SEC) has proposed a draft that would make it harder for hedge funds, private equity firms, and pension funds to work with crypto companies.  The proposal would make it difficult for crypto firms to hold digital assets on their client’s behalf...

Binance’s CZ says BUSD Funds in Paxos are #SAFU


Changpeng Zhao, Binance CEO, recently announced that the exchange will still support BUSD. The statement was issued after New York regulators and the SEC ordered Paxos to restrict the stablecoin’s minting. The New York Department of Financial Services (NYDFS) told Paxos, the company that made...

US Inflation Remains Higher Than Expected, Raising Concerns Among Investors


U.S. inflation levels dropped slightly in January, sliding from 6.5% to 6.4%. However, inflation remains higher than expected, causing concern among investors that the U.S. central bank will continue to hike the benchmark federal funds rate. Inflation in the US Remains High, Causing Uncertainty...

Report: Flutterwave CEO in Bid to Recover Millions Stuck in Kenya


According to reports, the CEO and co-founder of the Nigerian fintech Flutterwave, Olugbenga Agboola, recently visited Kenya where he sought to convince the country’s monetary authorities to grant the firm access to funds that have been blocked since July 2022. Agboola claimed that his firm...

dForce confirms return of $3.65M exploited funds back to vaults


dForce, the popular DeFi protocol, recently announced the return of its 3.65 million dollars lost to an exploit. All the exploited funds have been returned to the Arbitrum and Optimism vaults. Peckshield, the on-chain security firm, confirmed that dForce had a security breach on February 13. dForce...

Russia Releases Bitzlato Co-Founder Anton Shkurenko After Questioning


Russian authorities have released the recently arrested co-founder of crypto exchange Bitzlato, said to have processed illicit funds worth millions of U.S. dollars. Anton Shkurenko, who was questioned in Moscow, denies the French charges against him that became the reason for his brief detention....

Cryptocurrency Exchanges Offer Assistance to Earthquake-Hit Turkey


Major crypto exchanges have offered to help the people of Turkey to overcome the consequences of this week’s devastating earthquake. While the crypto industry pledged support, the country’s financial authorities allowed the raising of relief funds through cryptocurrency donations...

Twitch, YouTube Streamers Raise Big Funds For Syria-Turkey Earthquake Relief


Twitch isn’t just a place where artificial intelligence festers and drama proliferates. It’s also a useful organizational platform for raising awareness around and funds for various global causes, which is exactly what a handful of big-name streamers, like Ben “CohhCarnage” Cassell and Hasan...

FTX Debtors Demand Return of Funds Given to US Politicians and Super PACs


FTX debtors are seeking to claw back millions of dollars given to U.S. political action committees (PACs) and political figures. Confidential letters have been sent to individuals and organizations, requesting the return of the funds by Feb. 28, 2023. Some bureaucrats, such as Democratic Senators...

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