USDC-Issuer Circle CEO Hints At US Exit
Jeremy Allaire, the CEO of Circle, has hinted at a potential departure from the United States, citing regulatory pressures and a banking crisis as the reasons for the decline in market value of the USDC stablecoin.
Coinbase Takes Bold Legal Action Against SEC: A Battle for Crypto Regulatory Clarity
Coinbase has filed a lawsuit against the US SEC over regulatory ambiguity in the crypto industry, following the SEC's July 2022 Petition. The legal action challenges the SEC's classification of digital assets as securities and its interpretation of the Howey Test. The outcome will significantly impact the future of digital assets, highlighting the need for clear regulations and cooperation between the crypto industry and the SEC.
Hydrogen Technology Corporation Fined $2.8 Million in SEC Crypto Market Manipulation Case
The SEC has settled a cryptocurrency price manipulation case against Hydrogen Technology Corporation and its former CEO Michael Ross Kane for $2.8 million. The lawsuit alleged that Kane used market maker Moonwalkers Trading Limited to manipulate the volume and price of Hydrogen's ERC-20 token Hydro (HYDRO) in 2018.
The Grand Bazaar in Istanbul Now Allows Payments in Bitcoin
As the Turkish lira continues to depreciate, merchants in Istanbul's Grand Bazaar are now accepting Bitcoin (BTC) and Tether (USDT) as payment. Strict financial regulations and high premiums for acquiring US dollars have revived the bazaar as a hub for exchange, leading to a new parallel exchange rate for the lira. Demand for cryptocurrencies is growing in Turkey as a means of circumventing financial regulations and inflation.
James Zhong, Silk Road Hacker, Gets One Year in Prison for Wire Fraud
James Zhong, responsible for the security breach of the Silk Road marketplace, has been sentenced to a year in prison for wire fraud offenses. He illicitly acquired over 50,000 units of bitcoin from the darknet marketplace in 2012, using bitcoin mixing services and a cryptocurrency exchange to impede tracing efforts. The US government also intends to sell 41,000 seized bitcoins this year.
Beware of Bitcoin Investment Scams: Indian Businessman Loses Rs. 33.65 Lakhs
An Indian businessman lost over Rs. 33 lakh after falling prey to a WhatsApp group scam promising high returns on Bitcoin (BTC) investments. The scammers demanded a 20% commission in return for guaranteed returns, but the victim eventually suffered losses and was unable to withdraw his funds. The incident highlights the risks associated with investing in cryptocurrencies and joining unknown WhatsApp groups.
FCA Warns Investors Against Unauthorized TITAN LIMITED Broker
The UK's Financial Conduct Authority (FCA) has issued a warning against TITAN LIMITED, an unregulated broker offering financial services without proper authorization. The FCA urges investors to remain vigilant and use its Financial Services Register and Interim Permission Register to verify firms' legitimacy, as unauthorized firms pose a growing threat to UK residents.
The Basics of Bitcoins and Blockchains: A Comprehensive Guide for Beginners
Bitcoin is a decentralized digital currency created in 2008, and blockchain is the underlying technology that powers it. Bitcoin's limited supply, decentralized nature, and mining process are its key features. Blockchain is a distributed ledger technology that ensures secure, transparent, and tamper-proof transactions. Consensus mechanisms, smart contracts, and decentralized finance (DeFi) are also discussed. Bitcoin and blockchain technology have the potential to revolutionize various industries as they continue to evolve.
How WikiBit has Changed the Way Investors Approach the Crypto Market?
WikiBit is an innovative platform that provides investors with real-time data, analysis, and insights about the cryptocurrency market, making it easier for them to navigate the volatile market. With risk management tools, real-time market data, insightful market analysis, and a user-friendly interface, investors can make informed decisions about when to buy, sell or hold their digital assets.
Bitcoin ATMs Around the World: A Look at Global Adoption
Bitcoin ATMs allow users to buy and sell Bitcoin easily using cash or credit cards, without the need for a centralized exchange. There are over 35,000 Bitcoin ATMs worldwide, with the majority in the US and Canada. While they offer convenience and anonymity, there are also risks such as fraud, high fees, and technical issues. Accepted cryptocurrencies vary by location.
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