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A federal magistrate judge in New York has denied the Securities and Exchange Commission's request for immediate access to Binance US's software, asking the regulator to provide more specific requests for discovery. The decision was made during a hearing held on September 18, 2023, to discuss
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A bipartisan group of nine US senators have publicly backed Senator Elizabeth Warren's Digital Asset Anti-Money Laundering Act, according to a statement from Warren's office on September 18, 2023. The bill, which was reintroduced by Warren in July 2023 with the support of Republican Senators Joe
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The popular cryptocurrency exchange Remitano was allegedly hacked on September 14, 2023, with hackers stealing a total of $2.7 million worth of crypto. The exchange has since confirmed the hack and said that it is working with law enforcement to investigate the matter. According to blockchain analytics firm Peckshield,
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The crypto market experienced significant outflows in August, with investors withdrawing a total of $55 billion from exchanges, according to a report released by crypto exchange Bitfinex. The report, which analyzed data from multiple exchanges, found that the outflows began in early August and continued throughout the month. The largest
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The Securities and Exchange Commission (SEC) is using artificial intelligence (AI) to monitor the financial sector for signs of fraud and manipulation, SEC Chair Gary Gensler confirmed on September 12 in a Senate oversight hearing. Gensler said that the SEC is using AI to "identify patterns of suspicious activity,
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Scammers are increasingly targeting MetaMask users by taking over government websites and redirecting unwary victims to fake MetaMask websites. A recent investigation by Cointelegraph found that official government websites from India, Nigeria, Egypt, Colombia, Brazil, Vietnam, and other jurisdictions have been found redirecting to fake MetaMask websites. The scammers typically
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USDC, the second-largest stablecoin by market capitalization, has officially expanded to Base and Optimism networks. The move was announced by Circle on Wednesday. Base is a Layer 2 (L2) network that is built on top of Ethereum. It offers faster and cheaper transactions than the Ethereum mainnet. Optimism is another
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The London Stock Exchange (LSE) has announced plans to create a trading platform for traditional assets on blockchain. The platform, which is still in development, will use blockchain technology to provide a more secure, efficient, and transparent way to trade stocks, bonds, and other financial instruments. The LSE is not
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The Pepecoin team announced on Monday that "bad actors" on the team had stolen $15 million worth of the cryptocurrency. The theft was discovered on August 23, when the team noticed that a large number of Pepecoins had been transferred out of the token's multisig wallet.
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Bankrupt crypto exchange FTX is seeking to sell, stake, and hedge its sizable crypto holdings, according to court filings made late Wednesday evening. The exchange is also seeking to hire Mike Novogratz's Galaxy Digital as an advisor to help with the process. FTX is said to have around
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Cryptocurrency exchange Binance announced on August 24 that it will be withdrawing its debit card services in Latin America and the Middle East. The card, which allows users to spend their cryptocurrency holdings at merchants around the world, will be discontinued on September 21, 2023. Binance did not provide a
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Coinbase Global, Inc. (Nasdaq: COIN), the leading cryptocurrency exchange, today announced that it has acquired a minority stake in Circle Internet Financial, LLC ("Circle"), the issuer of USD Coin (USDC), the second-largest stablecoin by market capitalization. As part of the investment, Coinbase and Circle are dissolving their Centre