Category: News
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According to EU regulations, Localbitcoins, Crypto.com, and other providers suspend services for Russians.
Well-known cryptocurrency platforms like Localbitcoins, Blockchain.com, and Crypto.com have begun to limit or terminate services for Russian accounts in compliance with the most recent EU sanctions aimed at Russia. The actions come after new European sanctions were adopted in response to Moscow’s military escalation in Ukraine. Major Crypto Platforms Conform to EU Measures, Restrict Services…
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The CEO of Ripple anticipates a response to the SEC’s XRP lawsuit in the first half of 2023.
Brad Garlinghouse, CEO of Ripple, predicts that “we’ll have an answer in the first half of next year” regarding the SEC lawsuit involving xrp. The executive emphasized that while xrp is not a security, the case “is about the entire industry” and “Everyone acknowledges how important this is.” At a DC Fintech Week event, Ripple…
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Kenyan Company Mining Bitcoin with Wasted Energy; Business Model May Aid in Decentralization
Gridless, a Kenyan bitcoin mining company, recently disclosed how it is assisting local communities in lowering electricity costs by mining bitcoin with surplus power. The Gridless mining model has received praise because it may contribute to the decentralization of bitcoin mining and the transfer of some hashpower to Africa. Using Wasted Energy to Mine Bitcoin…
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Vietnamese, Filipino, Indian, and Chinese Chainalysis Global Index Identifies Top Countries for Crypto Adoption
Chainalysis, a company that analyzes blockchain data, has released its 2022 cryptocurrency adoption index. The nations with the highest adoption of cryptocurrencies include Vietnam, the Philippines, India, and China. Even though global adoption slows overall in downturns, it “remains above pre-bull market levels,” the company said. Chainalysis’ Latest Cryptocurrency Adoption Index On Wednesday, Chainalysis released…
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‘Vast Majority Are Securities,’ claims Gary Gensler, asking SEC staff to fine-tune compliance with cryptocurrency.
Gary Gensler, the chairman of the Securities and Exchange Commission (SEC) in the United States, disclosed that he had asked SEC staff to improve compliance for crypto tokens and intermediaries. The vast majority of cryptocurrency tokens, he emphasized, are securities. U.S. Senate Committee Chairman Gary Gensler The Securities and Exchange Commission (SEC) discussed crypto regulation…
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Crypto Investors Warned by SEC of Scammers Preying on Their Fear of Missing Out on Social Media
The Securities and Exchange Commission (SEC) of the United States has issued a warning about con artists preying on investors’ FOMO on social media. The SEC issued a warning: “If a cryptocurrency investment “opportunity” sounds too good to be true, it probably is.” SEC Says Scammers Often Use Social Media to Defraud Investors Monday saw…
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Indian Central Bank Governor Warns of Potential Crypto Market Collapse and Losses for Small Investors
Shaktikanta Das, governor of the RBI, has issued a warning that small investors may lose money if the cryptocurrency market crashes. He continued by saying that the central bank thought its warnings had discouraged many people from making cryptocurrency investments. The governor of the Indian central bank, the Reserve Bank of India (RBI), Shaktikanta Das,…
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Jamie Dimon, CEO of JPMorgan, issues a warning that “Something Worse” Than a Recession Could Be Coming
Jamie Dimon, CEO of JPMorgan, has provided his economic forecasts for the United States, which include the possibility of “something worse” than a recession. The executive declared that there were storm clouds, citing China, Ukraine, war, QT, oil, and interest rates. Jamie Dimon, the chairman, and CEO of JPMorgan, reportedly discussed his forecasts for the…
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Investors in cryptocurrencies are urged to use caution as authorities look into exchanges, says the Indian Finance Minister.
As the country’s Enforcement Directorate (ED) looks into several cryptocurrency exchanges and freezes the assets of some trading platforms, India’s finance minister has issued a warning to investors about cryptocurrencies. Indian Finance Minister Nirmala Sitharaman reportedly warned about cryptocurrency Saturday at an event organized by the BJP Economic Cell. She cautioned the public and entrepreneurs…
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Bank of Russia Plans to Complete the Digital Ruble Launch in 2024
A paper outlining the Central Bank of Russia’s monetary policy priorities for the years 2023 to 2025 reveals that it intends to start the full implementation of the digital ruble in two years. The monetary authority intends to gradually connect various financial institutions to the platform as work on the state-issued digital currency progresses. The…