Elon Musks X could face $200M EU fines over alleged DSA violations: Law Decoded

Elon Musks social media platform, X, is under scrutiny for alleged DSA violations, with potential fines reaching $200 million.

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Chinese court sentences gang for money laundering using digital yuan

The Chinese CBDCs controllable anonymity seems to be very highly controlled.

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Four months in prison for CZ, another US state kicks out Binance.US: Law Decoded

While Changpeng CZ Zhao received a surprisingly moderate jail term, Oregon has become the sixth state to revoke, suspend or decline to renew Binance.US license.

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UAE agriculture authority prohibits crypto mining on farms: Report

Those caught mining crypto on farms face fines of up to 10,000 dirhams, or about $2,722.

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Microsoft faces multi-billion dollar fine in EU over Bing AI

The Redmond company could be fined as much as 1% of its annual revenue if it doesnt respond by May 27.

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Microsoft faces multibillion-dollar fine in EU over Bing AI

The company could be fined as much as 1% of its annual revenue if it doesnt respond by May 27.

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SEC Asks Judge to Fine Ripple $2 Billion in XRP Case Ripple CEO Says There Is Absolutely No Precedent for This

The U.S. Securities and Exchange Commission (SEC) is seeking nearly $2 billion in fines from Ripple Labs in the ongoing XRP lawsuit. “There is absolutely no precedent for this,” exclaimed Ripple’s CEO regarding the $2 billion fine. “We will continue to expose the SEC for what they are when we respond to this.” SEC Wants [...]

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Brazil Bans Telegram Temporarily Due to Alleged Lack of Collaboration in Fight Against School Violence

A federal judge in Brazil has ordered the temporary suspension of Telegram in the country and established hefty fines due to the supposed lack of collaboration of the company in a national crusade against school violence. Telegram failed to deliver information regarding the actions it is taking against neo-Nazi groups, and now it has been

The post Brazil Bans Telegram Temporarily Due to Alleged Lack of Collaboration in Fight Against School Violence appeared first on BTC Ethereum Crypto Currency Blog.

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Senate Banking Committee Holds Hearing on Recent Bank Collapses, Calls for Tougher Regulations

On Tuesday, the U.S. Senate Committee on Banking, Housing, and Urban Affairs, also known as the Senate Banking Committee, held a hearing to discuss the recent bank collapses in the United States and the regulatory response. Throughout the testimonies, digital assets and crypto businesses were mentioned. Senate Banking Committee chairman Sherrod Brown claimed on Tuesday [...]

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Revised Bill Suggests Prison Time for Russian Crypto Miners Evading Taxation

A draft law designed to regulate crypto mining in Russia introduces harsh penalties for miners failing to report digital assets to the state. In its latest revision, the bill also threatens to punish those who organize illegal trading of cryptocurrencies with imprisonment and hefty fines. Forced Labor Awaits Miners and Traders Who Operate Outside Law, [...]

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Lithosphere (LITHO) Blockchain Confirms Upcoming Burn of 2.5 Trillion Terra Luna Classic (LUNC) During FINESSE P2E Gameplay...

Lithosphere core developer, KaJ Labs, recently announced that it was planning to implement Terra Luna Classic (LUNC) as one of the networks in its cross-chain FINESSE games. The next-generation network has now made the decision official. It will burn 2.5 trillion in LUNC used in the network’s new FINESSE game series. KaJ Labs will allocate $50 million to $100 million to facilitate the burn during the first season of Finesse. 

“The Foundation looks forward to working with the LUNCcommunity on the integration and the roll-out of the FINESSE games,” said Joel Kasr.

The highly anticipated first chapter in the FINESSE game series, Shadow Warriors officially launches on Dec. 18, 2022 with LUNC network support and the burning mechanism. The FINESSE games are free to play in PVE mode. PVP requires a purchase of an NFT to fight online 1V1. LUNC will be one of the first networks supported when the FINESSE games launch.

Lithosphere will launch NFT Warriors collection for public sales on Oct. 3, 2022, at 01:00 UTC. Private sale begins on the same day at 00:00 UTC. The INO launch will be conducted on Liquidfty, DareNFT and NFTb.

There are two chapters in FINESSE game series. Both are mixed RPG play-to-earn (P2E) and can be customized to the preferred style of the gamer. It features different fighting styles encompassing warrior, ninja samurai, knights and vampires. The first chapter is “Shadow Warriors” and the second is “The Kingdom.” 

The core developers of Lithosphere, KaJ Labs, plans to bring gaming utility to LUNC, while expediting the burning process. The Lithosphere project and the developers are committed to supporting LUNC in additional games and cross-chain dApps.

About Lithosphere
Lithosphere is a next-generation network for cross-chain decentralized applications powered by AI and Deep Learning.Website: https://kajlabs.org
Website: https://lithosphere.networkMedia Contact
Dorothy Marley Marley
(707)-622-6168
media@kajlabs.comKaJ Labs Foundation
4730 University Way NE 104-#175
Seattle, WA 98105


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GameStop's Blockchain Chief Matt Finestone Departs from Company

Matt Finestone, head of the blockchain team of GameStop Corp, announced his departure after working 1.5 years at the company. (Read More)

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SEC Fines Nvidia $5.5 Million for Failing to Disclose Crypto Mining Significantly Boosted Its Revenue – Regulation Bitcoin News

The U.S. Securities and Exchange Commission (SEC) has charged Nvidia Corp. for failing to disclose that crypto mining significantly boosted its revenue. The company agreed to a cease-and-desist order and to pay a $5.5 million penalty. Nvidia Failed to Disclose That Crypto Mining Was a Significant Element of Its Material Revenue Growth The U.S. Securities […]

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Will make bitcoin a legal tender in Texas if elected: Texas governor candidate Don Huffines

Don Huffines, Texas governor candidate, recently announced that he would make bitcoin a legal tender if he gets elected. He recently tweeted: “I have owned Bitcoin for years and am a firm believer in both its value as an asset and potential as a currency. As a leader in innovation, Texas must lead the nation […]

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GameStop Considered Acquiring Loopring, The Former Employer Of Their Head Of Blockchain…

The Loopring GameStop rumors won’t seem to subside. It doesn’t exactly help knowing that Matt Finestone used to work for the layer-2 protocol…  Covered: Barron’s Loopring Scoop Matt Finestone, Head Of Blockchain Interesting ETH Wallet Interactions Barron’s Loopring Scoop Imagine if GameStop was a partner with Loopring. — Jade (@realCRAQUELURE) January 7, 2022 Yesterday, we […]

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Crypto forecast platform Polymarket to pay a penalty of $1.4M

Crypto betting platform Polymarket was directed by the Commodity Futures Trading Commission or CFTC to pay a fine of $1.4 million on 3rd January 2022 for its failure to obtain designated contract market [DCM] or registration as a swap execution facility [SEF]. In accordance with the press release, this is mandatory to offer off-exchange event-based […]

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Binance Turkey fined 8M lira for non-compliance against money laundering

MASAK found Binance Turkey guilty of violating the Law on Prevention of Laundering Proceeds of Crime, also known as the AML Law.

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Banks vs. exchanges — regulators overwhelmingly penalize fiat, not crypto

Data from a recent report suggest that enforcement actions from U.S. regulators against those in the crypto space cost those firms less than 1% of that in traditional finance for the last 20 years.

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Russian Crypto Industry Queries Government About Proposed Criminal Liability for Miners

The organization representing Russia’s crypto sector has asked the government in Moscow to clarify a proposal to introduce criminal liability for “gray” miners. The draft legislation seeks to punish those who fail to report their income to the state and share information about their digital assets. Crypto Companies in Russia Want to Take Part in [...]

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Iraq Issues Ban on US Dollar Transactions to Bolster Usage of Iraqi Dinar

The government of Iraq issued a ban on using the U.S. dollar for conducting business transactions on May 14. The ban, which is already in effect, is designed to bolster the usage of the Iraqi dinar, the fiat currency of the country, and to reduce the influence of the dollar and its exploitation in black

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