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Recent fraudulent activity has been reported in the non-fungible token (NFT) space, with prominent NFT patron, Zeneca’s social network account being the newest prey. The tampered Twitter and Discord accounts were accessed and bridged to a false and fraudulent raindrop for the account owner’s “Zen Academy Founders Pass.
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Cryptocurrency has spread across different nations of the world, thoroughly exposing its inevitable predominance in the financial world. A whole number of countries have examined its positive impact and blended it with the already practiced traditional financial protocol. Nigeria, as well, is not left out and its youth are gradually
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………..The exchange was issued a sanction due to its continuous service operation in the Netherlands regardless of the absence of legal authorization. According to an early Monday official statement, the Dutch National Financial Authority has issued a monetary sanction of exactly 3.325M euros ($3.37 million) against cryptocurrency trading
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Following the move of drafting a chapter 11 bankruptcy, lending protocol, Celsius Network, which has been faced with liquidation challenges since the onset of the crypto bear market, has openly declared details of its reorganization proposal in a hearing. The firm disclosed that it has detached itself from situations in
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The Financial Planning Association of Australia (FPA) has made moves to demonstrate its consent for the proposed “crypto rule book” and has summoned policies on trading platforms and not digital properties. In May this year, the Australian Law Reform Council (ALRC) formulated a book method of crypto legal management that
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Singapore-based Web 3 crypto concentrated corporation, DeFiance Capital, has publicly admitted that some of its assets have been affected and incriminated by the insolvency situation of its contender, Three Arrows Capital. According to DeFiance executive Arthur Cheong, in a Friday Twitter broadcast, the company has been “materially affected” even as
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The International Financial Stability Board (FSB), a body setup to legislate the crypto ecosystem to avert financial downfall, intends to submit a regulatory proposal for crypto assets, as reported by a recent article. According to the report, diverse cryptocurrency assets inclusive of stablecoins are rapidly evolving, hence would be included
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The Central Bank of England has pointed out that non-digital markets operate with a directive to avert incurable losses for investors. The assistant admin of finance at the bank, Jon Cunliffe advised that a set of regulatory policies be formed like that of traditional finance, to minimize crypto investment dangers
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Cryptocurrency lending protocol Celsius Network has allegedly sought the aid of an attorney from Kirkland & Ellis LLP to guide it through its reorganization choices. The company was enlisted to have helped Voyager Digitals with its liquidity challenges in the previous week. A Wall Street Journal July 10th report revealed
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Given the exclusion of a competitive nation like China, the United States has moved to hold tightly the position as the nation with the top leading bitcoin hash ratio with an estimate of 37.84% of the aggregate mining capacity as of January 2022. Notwithstanding the obstacles brought upon crypto
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American business executive and co-originator of MicroStrategy, Michael Saylor, has in a talk with Altcoin Daily categorically underlined Ethereum as a security and further reiterated that Bitcoin is the sole stock in the cryptocurrency space. Saylor’s voluble response to the question concerning the US legislative grouping of Bitcoin and
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Crypto hedge fund, Three Arrows Capital, has filed for a Chapter 15 bankruptcy in the Southern District of New York. The announcement which came in the late hours of Friday followed weeks of speculation that the hedge fund’s functionality had become questionable. Bitcoin.ng earlier reported that a British