Abra, CEO Barhydt settle with 25 US states over licensing violations

Other states can join in the settlement, which will see up to $82.1 million returned to customers.

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Bybit surpasses Coinbase in market share after Binance's decline

Bybit became the worlds second-largest crypto exchange, while the leading exchange, Binance, has lost some market share due to previous regulatory issues.

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Crypto firm Hiddup rebrands amid $41M investigation and legal woes

Hiddup continues advertising returns ranging from 6 to 16% per annum through blockchain mining on its website while facing legal action.

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zkSync token launches amid network load, RPC issues

ZKs token launch on multiple exchanges sees price fluctuations, while zkSync manages network strain and scam threats.

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Nigerian stakeholders demand Binance reveal identity of bribery official

SIBANs executive secretary, Rume Ophi, stressed that Binance should reveal names to substantiate the claim and allow authorities to address wrongdoing.

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Exodus CEO frustrated as SEC delays listing amid celebrations

Exodus hits regulatory roadblock despite previous approval as numerous employees and their families arrive in New York City to face disappointment.

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Crypto Executive Issues Warning About Elusive Comet Threat After 75% Asset Loss

The CEO of Emblem Vault suffered a significant loss of 75% of their assets due to a deceitful scam involving the elusive Comet. This unfortunate incident serves as a stark reminder of the risks that can come with investing in the volatile world of cryptocurrencies. The scam, which saw the CEO being tricked into transferring [...]

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Beware of Classic Bull Trap: Crypto Trading Firm Issues Warning as Bitcoin Hits $82.7K

A prominent cryptocurrency trading company has issued a cautionary statement about a potential classic bull trap scenario in the Bitcoin market. Bitcoin has recently tagged $82.7k, prompting concerns among traders. The company emphasized the need for investors to exercise caution and not fall for potential traps that could lead to significant losses. The cryptocurrency market [...]

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United Kingdom Issues Landmark Criminal Sentence for Illegal Crypto ATMs

A crypto ATM operator in the UK has been sentenced in the first case of its kind involving unregistered cryptocurrency. The individual was found guilty of running illicit crypto ATMs without proper registration, violating regulations set forth by the authorities. The operator’s illegal activities were uncovered during an investigation into the usage of unregistered crypto [...]

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Massachusetts Issues Subpoena to Robinhood Regarding Sports Prediction Markets

Massachusetts Initiates Investigation into Robinhood over Sports Prediction Markets Massachusetts regulators have launched an inquiry into Robinhood’s foray into sports prediction markets. The popular trading platform recently introduced a new feature that allows users to bet on the outcomes of sports games. The investigation comes amid concerns over the legality and potential risks of such [...]

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Ethereum Researcher Proposes Game-Changing Solution to Combat Centralization and Eliminate MEV Issues

In a recent development within the Ethereum community, a notable researcher has proposed an alternative block proposal mechanism aimed at enhancing the Ethereum network. This innovative proposal seeks to address some of the current limitations and challenges faced by Ethereum, paving the way for improved scalability and efficiency. The proposed block proposal alternative stems from [...]

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Solana Removes Controversial Ad Criticized for Insensitivity towards Gender Issues

Solana Removes Advertisement Following Criticism Over Insensitivity Toward Gender Concerns Solana recently made the decision to withdraw an advertisement after facing backlash for its perceived insensitivity towards gender-related issues. The move came in response to widespread criticism from the community and was seen as a necessary step to address the concerns raised. The advertisement, which [...]

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California Financial Regulator Issues Warning About 7 New Crypto and AI Scams

California’s regulator has issued a warning about seven new scams involving cryptocurrency and artificial intelligence (AI). The scams are targeting unsuspecting investors who may not be familiar with these emerging technologies. The California Department of Financial Protection and Innovation (DFPI) highlighted the risks associated with these scams, urging the public to exercise caution when investing [...]

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CFTC sues Binance and CEO: what does this mean for AltSignals?

The United States Commodity Futures Trading Commission (CFTC) sued Binance, its CEO Changpeng Zhao and CCO Samuel Lim on Monday, as reported by Invezz. The commission accused the popular cryptocurrency broker of knowingly offering unregistered crypto derivatives products in the United States, which is against federal law.  This latest development has seen the prices of …

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Experts Predict More Bank Failures in the US Following Interest Rate Hike and Unsettled Banking Crisis

After the recent bank collapses in the U.S., a number of people believe that more failures are coming following the Federal Reserve’s increase of the benchmark interest rate by 25 basis points (bps). American journalist Charles Gasparino insists that Wall Street’s “low-rate” junkies are ignoring the U.S. banking crisis. Quill Intelligence CEO Danielle DiMartino Booth [...]

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Binance Sued by CFTC for Alleged Violations of Trading and Derivatives Rules

The world’s largest crypto exchange by trade volume, Binance Holdings Ltd., has been sued by the U.S. Commodity Futures Trading Commission. Binance CEO Changpeng Zhao has been named in the lawsuit and the charges claim the crypto exchange broke several trading and derivatives rules. The lawsuit also names Binance’s former chief compliance officer, Samuel Lim, [...]

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Binance Introduces FDUSD Listing Amid Stablecoin Market Decline, Faces Initial ‘Technical’ Setback

As the stablecoin market economy witnessed a loss exceeding $3 billion within a 40-day span, several fresh stablecoin endeavors are emerging. Binance, the globe’s leading exchange by trade volume, unveiled three new trading pairs attached to a stablecoin labeled first digital usd (FDUSD) in a recent blog post. However, the exchange temporarily halted FDUSD listings [...]

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FTX sues Sam Bankman-Fried and other former execs to claw back $1B

FTX has sued former CEO Sam Bankman-Fried and several other former key executives from the now-bankrupt crypto exchange to recover more than $1 billion in misappropriated funds.  A July 20 complaint filed in a United States Bankruptcy Court named former Alameda Research CEO Caroline Ellison, FTX co-founder Zixiao “Gary” Wang, former FTX engineering director Nishad Singh [...]

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Report: Silicon Valley Bank Under FDIC Auction as Calls for Bailout Grow

The U.S. Federal Deposit Insurance Corporation (FDIC) began an auction process for Silicon Valley Bank (SVB) late Saturday night, according to reports. Final bids are due by Sunday afternoon. Unnamed sources indicate that the FDIC is seeking to close the deal promptly after California regulators closed the bank and placed it into FDIC receivership on [...]

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How and why do stablecoins depeg?

Stablecoins are a type of cryptocurrency designed to have a stable value relative to a specific asset or a basket of assets, typically a fiat currency such as the U.S. dollar, euro or Japanese yen. Stablecoins are designed to offer a “stable” store of value and medium of exchange compared with more traditional cryptocurrencies like [...]

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