Indian EOW exposed a $120m crypto Ponzi scheme

The Indian Economic Offenses Wing (EOW) revealed a crypto-related Ponzi scheme exploiting over 200,000 individuals across different states in India. According to a report by Asian News International (ANI), Solar Techno Alliance developed a digital asset on Binance Smart Chain… дальше »

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Xsolla and Crypto.com Partner to Integrate Payment Solutions

LOS ANGELES, United States, August 8th, 2023, Chainwire Xsolla, a global video game commerce company, and global cryptocurrency platform Crypto. com have announced a partnership for the integration of Crypto. дальше »

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Circle CEO: 70% of USDC adoption comes from outside the US

Major stablecoin issuers Tether and Circle are focusing on markets outside the United States, where adoption is growing.

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ARK’s Bitcoin ETF Decision Nears – Will SEC Give the Green Light on Aug. 13?

According to a recent report by CNBC, the United States Securities and Exchange Commission (SEC) is rapidly approaching a key deadline for making a ruling on ARK’s application for a Bitcoin (BTC) Spot Exchange Traded Fund (ETF). дальше »

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SEC Settles With Crypto Firm Quantstamp Over Securities Laws Violations

In a recent development, the United States Securities and Exchange Commission (SEC) has settled with crypto firm Quantstamp following charges of violating securities law which the SEC leveled against it. дальше »

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Coinbase CEO Says Crypto Exchange Is Not Leaving The US

Coinbase CEO Brian Armstrong has refuted the rumors of the possibility of the exchange exiting the United States market for a more crypto-friendly country. Coinbase CEO Rebuts Relocation Claims Chief Executive Officer of Coinbase, Brian Armstrong, has shown his unwavering commitment to the US local market after confirming that the exchange, renowned as the US […] дальше »

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Coinbase Files Motion To Dismiss SEC Lawsuit – Here’s Why

Prominent crypto exchange Coinbase is currently seeking to dismiss the allegations leveled against it by the United States Securities and Exchange Commission (SEC).  On Aug. 4, lawyers representing Coinbase submitted a motion to dismiss at the US District Court for the Southern District of New York, claiming the exchange does not offer securities and operates […] дальше »

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Ethereum ETF Race Gets Hotter As SEC Receives 11 Filings In One Week

The United States Securities and Exchange Commission (SEC) has been flooded with many applications for Ethereum (ETH) Exchange-Traded Funds (ETFs) in just one week. The applications currently stand at 12, with the latest addition coming from ProShares, a popular fund manager. дальше »

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US DoJ wants former FTX boss, Sam Bankman-Fried, to be detained

The United States Department of Justice (DoJ) has asked for Sam Bankman-Fried, the former CEO of FTX, a now-defunct exchange, to be detained дальше »

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Coinbase’s Q2 Earnings Report Shows The Crypto Exchange Performed Better Than Expected

Coinbase, the largest cryptocurrency exchange in the United States, in its second quarter earnings report, announced a total revenue of $708 million for the second quarter of the year. The platform’s revenue in Q2 exceeds market estimates by over 12%, although interest income generated from USDC stablecoin amounted to $151 million, down by about 24% […] дальше »

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SEC Freezes $50M In Assets, Cracks Down On Utah-based DEBT Box In Crypto Fraud

The United States Securities and Exchange Commission (SEC) has taken action to freeze the assets of Utah-based crypto firm Digital Licensing Inc. , alleging involvement in a $50 million fraudulent crypto scheme. дальше »

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Revolut to terminate US crypto services due to regulatory challenges

Key takeaways Fintech firm Revolut is set to terminate its cryptocurrency services to users in the United States. The firm cited the current regulatory environment as the reason behind its exit. Revolut to halt crypto services in the US UK fintech firm Revolut has revealed that it would no longer provide cryptocurrency services to its […] The post Revolut to terminate US crypto services due to regulatory challenges appeared first on CoinJournal. дальше »

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US exodus as Revolut now ‘suspends’ crypto access in country amid regulatory uncertainty

Amid the evolving landscape of crypto regulation in the United States, financial technology company Revolut has announced it is “suspending” crypto services in the US. A Revolut spokesperson told CryptoSlate, the company, together with its US banking partner, will suspend access to cryptocurrencies for its US customers starting Sept. дальше »

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Revolut to suspend cryptocurrency services in US

Revolut’s suspension of cryptocurrency services in the United States will affect 1% of their total global user base, the firm said. дальше »

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Couple Indicted In Bitfinex Hack Pleads Guilty To Money Laundering Charges

Ilya Lichtenstein and Heather Morgan (also known as the “Crocodile of Wall Street”), have pled guilty to the money laundering conspiracy charges leveled against them by the United States Department of Justice (DOJ). дальше »

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Cardano Founder Blasts US Policies And Crypto Approach After Debt Downgrade

Charles Hoskinson, founder of Cardano and head of Input-Output Global (IOG), took to X, formerly Twitter, to criticize the United States’ economic policies and handling of emerging technologies. дальше »

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Ethereum Price Could Break Above $2,000 If This Happens

Ethereum price is currently still below $2,000 but this could quickly change if some things were to come to pass. Some of the most notable things that have been going on for the cryptocurrency include the multiple exchange-traded funds (ETFs) filings that have been made to the United States Securities and Exchange Commission (SEC). дальше »

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Ripple To Expand Presence In U.S. Market After XRP Court Win? Top Executive Reveals Big Plans

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FTX’s Dubai Unit Seeks Exclusion From U.S. Liquidation Proceedings

FTX, the bankrupt crypto exchange, has taken legal action by filing a court motion to remove its Dubai unit from the ongoing restructuring proceedings in the United States. Back in February 2022, FTX had set up its Dubai branch, which was owned by the company’s European arm, and this specific entity became part of the […] дальше »

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BlockFi conditionally approved $1B recovery plan sets stage for repayment, larger recoveries

Bankrupt crypto lender BlockFi announced that it had received conditional approval for its disclosure statement from the United States Bankruptcy Court of New Jersey, according to an Aug. 2 press statement jointly issued with its Official Committee of Unsecured Creditors. дальше »

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AI boom to beat electricity and PCs, $200B investment by 2025: Goldman Sachs

Economists from Goldman Sachs predict that AI investment could account for up to 4% of GDP in the United States by 2025.

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Binance May Face New Fraud Charges in the United States

Crypto exchange Binance, widely subject to regulatory scrutiny in its global operations, may now face legal action in the United States. The post Binance May Face New Fraud Charges in the United States appeared first on BeInCrypto. дальше »

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FTX Founder Hits Back At Witness Tampering Claims In Letter To Judge

Former CEO of FTX, Sam Bankman-Fried (SBF), has denied allegations of witness tampering after sharing excerpts from his ex-girlfriend’s private diary with a reporter from the New York Times.  The United States Department of Justice (DOJ) has accused Bankman-Fried of leaking the diary of Caroline Ellison, a former colleague, and CEO of sister trading firm […] дальше »

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3AC co-founder asserts Singapore citizenship to evade US Court jurisdiction

Kyle Davies, co-founder of the now-defunct 3AC, has contested the authority of the United States, asserting his legitimate citizenship in Singapore. The move comes as Davies, one of the co-founders behind the now-insolvent cryptocurrency hedge fund Three Arrows Capital (3AC),… дальше »

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Fitch downgrades US credit rating, Bitcoin peaks to $30k in stable market

Quick Take Fitch’s recent downgrade of the United States’ credit rating from AAA to AA+ on Aug. 1 has led to an interesting shift in the crypto market, with Bitcoin peaking at $30,000. дальше »

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BlackRock CEO Larry Fink Is The Best Thing To Happen To Bitcoin, Mike Novogratz Says

BlackRock officially announced its entrance into Bitcoin earlier this year by filing for a Spot Bitcoin ETF with the United States Securities and Exchange Commission (SEC). Although the regulator is yet to accept the filing, CEO Larry Fink has also made some supportive comments, comparing BTC to digital gold. дальше »

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Bitcoin and InQubeta Edge Higher after Fed Rate Hike; More Upsides For QUBE Upcoming?

The United States Federal Open Market Committee (FOMC) recently raised interest rates by a quarter percentage point. This move was taken to counter the effect of inflation on the world’s financial markets. дальше »

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IRS Classifies Crypto Staking Rewards As Taxable Income Upon Receipt

The Internal Revenue Service (IRS) has recently issued a ruling stating that United States cryptocurrency investors who receive rewards from staking services are required to include the value of those rewards in their gross income. дальше »

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MoonPay CEO was responsible for $500K donation to Miami mayor’s super PAC

Miami mayor Francis Suarez’s presidential campaign received a donation from the CEO of the crypto firm MoonPay, the Miami Herald reported on Aug. 1. That report states that a political action committee (PAC) supporting Suarez received a $500,000 donation from PassionForest, LLC, on Oct. дальше »

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GameStop to Remove Crypto Wallets Citing 'Regulatory Uncertainty'

Leading game retailer GameStop will suspend its crypto wallets due to regulatory uncertainty in the United States, just one year after launching, the company announced Tuesday. дальше »

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Staking rewards are now taxable, says IRS

The Internal Revenue Service (IRS), the leading tax authority in the United States, recently released Revenue Ruling 2023-14, providing clarity on the taxation of income derived from crypto staking.  The ruling categorizes cryptocurrency staking rewards, along with various other income… дальше »

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U.S. Judge Rejects Terraform’s Request To Dismiss SEC Case – Ripple Ruling In Trouble?

In a major development on July 31, U. S. Judge Jed Rakeoff of the Southern District of New York has rejected Terraform’s motion to dismiss the fraud charges levied against the company by the United States Securities and Exchange Commission. дальше »

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Richard Heart’s $26 Million Tornado Cash Transactions Raise SEC Suspicions

The US Securities and Exchange Commission (SEC) has filed a complaint against Richard Schueler, also known as Richard Heart, alleging that he raised over $1 billion in unregistered securities offerings from retail investors in the United States and abroad. дальше »

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SEC Continues its Fight, Accuses HEX Founder of $1B Unregistered Securities Violation

The United States Securities and Exchange Commission has lodged a complaint against Richard Schueler, a well-known figure in the crypto community, accusing him of raising more than $1 billion through... дальше »

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Ripple Report Foresees Blockchain Saving Financial Institutions $10 Billion By 2030

Blockchain technology is continually reshaping the financial industry, offering promising transformations in transaction processing. Its potential is immense, as outlined in a recent report by digital payment network Ripple in collaboration with the United States Faster Payments Council (FPC). дальше »

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This Machine Learning Tool Was Asked To Predict XRP Price, Here’s What It Said

XRP has been one of the trending tokens following the summary judgment which ruled that the token was not a security, giving its parent company, Ripple, a ‘partial victory’ over the United States Securities and Exchange Commission (SEC). дальше »

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US committee passes crypto custody bill as Chancer presale accelerates

The US House Financial Services Committee has passed the “Keep Your Coins Act of 2023,” a significant piece of legislation for the cryptocurrency industry in the United States. The bill comes at a time when the US SEC has sustained an onslaught on crypto firms, including large companies like Binance and Coinbase. дальше »

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US banking advocacy group supports Sen. Warren’s reintroduced crypto bill

According to the Bank Policy Institute, including digital assets in the Anti-Money Laundering framework is essential for safeguarding the United States financial system. дальше »

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Hester Pierce strikes back against SEC crypto warning to accounting firms

Hester Pierce, a United States Securities and Exchange Commission commissioner, argued that full transparency should not come at the cost of compromising good-faith efforts. дальше »

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SEC commissioner Hester Peirce calls watchdog’s public accounting warning into question

The United States Securities and Exchange Commission’s (SEC) Commissioner Hester Peirce questioned why the regulator wants to discourage good-faith efforts to provide more transparency for the cryptocurrency industry in a July 27 tweet. дальше »

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Ripple Attorney Withdraws From SEC Lawsuit, Will It Affect XRP?

A recent development in the ongoing showdown between the United States Securities and Exchange Commission (SEC) has seen the withdrawal of another Ripple attorney from the lawsuit, recent court filings reveal. дальше »

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Is An Appeal Coming In The Ripple Case? Here Is Gensler’s Response

Following the summary judgment delivered in favor of Ripple in the ongoing XRP vs. SEC lawsuit, the Chair of the United States Securities and Exchange Commission (SEC), Gary Gensler, remains taciturn on the commission’s next line of action. дальше »

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Why This Billionaire Continues To Advocate For Bitcoin Amid Surging US Debt?

Bitcoin (BTC) has continued to occupy center stage, drawing varied reactions from different financial pundits. One of these voices is billionaire investor Mike Novogratz, who has yet again reiterated his support for the top cryptocurrency despite the unsettling dynamics in the United States economy. дальше »

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Crypto mining hardware supplier Phoenix Technology considers IPO in UAE

The latest cryptocurrency report speculates mining retailer Phoenix Technology plans to go public in the United States Emirates. That could see Phoenix becoming the first publicly listed digital assets company in UAE. дальше »

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Bitcoin: Trading Veteran Casts Doubt On Impact Of 2 Key BTC Events

As the Bitcoin market continues to persist, speculation regarding impending events forms a crucial part of the discourse. Among such discussions, the forthcoming BTC halving and the potential United States approval of a spot Bitcoin ETF have captured much attention. дальше »

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FTX and Genesis reach settlement in bankruptcy case

FTX and Genesis representatives informed the US court that they are ready to settle the bankruptcy case. In a filing to Judge Lane of the United States Bankruptcy Court, FTX and Genesis lawyers state that they agreed on a potential… дальше »

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Landmark crypto bills advance to US House as AltSignals presale tops $1.22M

While cryptocurrency markets have remained largely indecisive over the past few days in terms of price action, what hasn’t gone unnoticed are this week’s landmark developments with regard to crypto regulation in the United States. дальше »

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Binance, CZ challenge CFTC lawsuit, seek dismissal

Binance said that the CFTC is attempting to regulate foreign individuals and corporations operating outside the United States, going beyond the limits of its statutory jurisdiction. дальше »

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Prosecutors withdraw campaign finance charges against Sam Bankman-Fried

U.S. prosecutors have withdrawn political campaign financing charges against former FTX CEO Sam Bankman-Fried, according to a July 27 court filing. The decision to drop the charges stems from the terms of the United States extradition treaty with the Bahamas, which stipulate that the government would not prosecute Bankman-Fried on charges for which the Bahamanian […] The post Prosecutors withdraw campaign finance charges against Sam Bankman-Fried appeared first on CryptoSlate. дальше »

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U.S. House Approves Major Crypto Bill, Pushes For A Regulatory Framework

A noteworthy development has occurred in regulating the United States’ crypto space as a House Committee has approved a bill to bring clarity into the industry.   On July 26, the U. S House Financial Services Committee approved the Financial Innovation and Technology Act for the 21st Century Act, popularly known as FIT21. дальше »

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