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Cryptocurrency exchange Binance temporarily paused Bitcoin withdrawals on its platform on Sunday, preventing the largest token by market cap from leaving the leading venue by trading volume. Binance said its decision was based on congestion issues impacting Bitcoin’s network, adding that the exchange was “currently working on a fix”
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The United States Securities and Exchange Commission (SEC) has issued its largest-ever whistleblower award, a whopping $279 million. The SEC generally issues awards ranging between 10% to 30% of collected monetary sanctions larger than $1 million. To receive such an award, the whistleblower must provide information that directly assists the
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According to people familiar with the matter, the Justice Department is investigating whether Binance Holdings Ltd. was used illegally to let Russians skirt US sanctions and move money through the world’s biggest cryptocurrency exchange. The inquiry by the Justice Department’s national security division is looking at whether Binance
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As revealed last summer, Curve Finance, the second-largest decentralized exchange after Uniswap, has deployed its highly anticipated stablecoin CrvUSD onto the Ethereum blockchain. Announcing the development, the company tweeted, “As many figured—deployment of crvUSD smart contracts has happened! This is not finalized yet because UI also needs to be
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The Texas State regulators have demanded the termination of an “Artificial intelligence investment scam” that promoted TruthGPT Coin using fake animated avatars and images of Tesla and Twitter CEO Elon Musk to dupe would-be investors. The emergency cease and desist order was filed against Horatiu Charlie Caragaceanu, The Shark of
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Coming a few months after New York Gov. Kathy Hochul signed a law prohibiting the mining of certain cryptocurrencies in the state, the Blockchain Association is now exiting the state. This comes on the heels of a possible fight against federal regulators’ increasingly stringent restrictions on the cryptocurrency industry. “Blockchain
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Prior to the launch of Sui this May, Binance had announced the tokens will be available via the Launchpool, allowing users to contribute digital assets to a liquidity pool in order to earn rewards. This development has drawn incredible attention to SUI, prompting the founder of Tron, Justin Sun, to
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The Nigeria Federal Executive Council has approved the National Policy on Blockchain drafted by the Federal Ministry of Communications & Digital Economy, paving the way for the formal use of blockchain technology in the country. In a May 2 tweet, the special assistant to the President on digital and new
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Cryptocurrencies have become a buzzword globally, with Bitcoin being the most popular of them all. Currently, many countries are now approving this coin as a means of payment, especially for taxes. But what exactly is Bitcoin and how does it work? In this article, we explore five important things to
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Investing in cryptocurrencies, though risky, has turned many into overnight billionaires. And as an investor, you may be interested in knowing the top five coins to watch this May. The first step towards investing is research. This is important because the crypto market is not volatile but also dominated by
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The Hong Kong Securities Futures Commission is allegedly prepared to roll out digital currency trading permission requirements in the coming month, as published by Bloomberg on Thursday, referencing statements from the securities regulator chair Julia Leung. It is anticipated that the requirements will offer assistance to digital currency exchange protocols
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Reviewers from the well-known New York-sited financing firm H.C. Wainwright have published a wrap-up of the bear market. The financing firm commenced analysis of the American digital currency trading platform Coinbase with a "buy" estimation, highlighting that the firm will profit from the developing digital currency space