Tag: crypto
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SEC Acknowledges Errors in Fraud Case Amid Dispute with Defendants
Temporary Restraining Order Obtained by SEC In an effort to halt DEBT Box’s activities, the SEC managed to obtain a temporary restraining order (TRO) and asset freeze. The commission argues that the company and its founders were using investor funds to make luxury purchases and transfer money to overseas accounts. Motion to Dissolve Restraining Order […]
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Hong Kong’s SFC Ready to Accept Applications for Spot Crypto ETFs
Introduction Hong Kong’s Securities and Futures Commission (SFC) and Monetary Authority have recently announced their willingness to accept applications for spot crypto exchange-traded funds (ETFs), expanding beyond existing crypto futures ETFs. This move showcases Hong Kong’s commitment to creating a crypto-friendly environment and positioning itself as an attractive hub for cryptocurrency businesses. Application Requirements and […]
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Shiba Inu: Meme Coin Dreams of $1, but Inconceivable Economic Challenge Awaits
A Paradigm Shift for the Meme Coin Since its inception in 2020, Shiba Inu has experienced an astonishing surge of 600,000%, making it the 16th most valuable cryptocurrency in the market. While it is still widely regarded as a meme coin, the Shiba Inu community and developers are actively working to change this perception. Over […]
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Cryptocurrency Protocol Paraluni Falls Victim to Major Price Manipulation Attack
Understanding Price Manipulation in the Crypto Market Price manipulation in the world of cryptocurrencies involves artificially inflating or deflating the price of digital assets to benefit specific stakeholders while harming the wider user base. This can be achieved through spreading false information, wash trading, or exploiting vulnerabilities in protocol design. Though the exact method of […]
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Bitcoin ETFs in Retirement Plans: The Future of 401(k) Savings and Cryptocurrency
Navigating New Waters: Bitcoin ETFs in 401(k) Plans Around ten asset managers, including industry leader BlackRock, are competing to launch their own spot Bitcoin ETFs. As a result, everyday retirement savers may soon have the opportunity to include Bitcoin in their 401(k) plans or self-directed IRAs, shifting the perception that cryptocurrency investments are solely for […]
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Arkon Energy Raises $110M for US Bitcoin Mining Expansion, AI Cloud Service
Expanding in the US and Enhancing AI Cloud Service Project Australian firm Arkon Energy is making strides in expanding its bitcoin mining operations in the United States, just six months after entering the North American market. To fuel this growth, the company has raised an impressive $110 million in a funding round led by Bluesky […]
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SEC admits inaccurate statements, defends freezing crypto startup DEBT Box’s assets
Judge Demands Explanation The actions of SEC lawyers in the case were criticized by Utah’s top federal judge, Judge Robert J. Shelby, in November. He demanded that they provide a basis for their request to freeze DEBT Box’s assets through a restraining order. Specifically, he wanted clarification on the SEC’s claim that the company was […]
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Bearish Scenario for Bitcoin Emerges as Spot Market ETF Approval Sparks Debate
Bitcoin’s Potential Surge to $60,000 A well-known analyst has presented a bearish scenario for Bitcoin (BTC) following the possible green light for a spot market BTC exchange-traded fund (ETF). According to this analyst, if the current position is less favorable than a $32,000 entry, it is inevitable that some pain will be experienced. However, the […]
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Hong Kong Embraces Crypto with Plans for Spot Crypto ETFs
Strict Requirements for Custody and Valuation In a move that sets Hong Kong apart from its neighboring Chinese mainland, the city is gearing up to pave the way for spot crypto exchange-traded funds (ETFs). The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority, in a joint circular, announced that they are ready […]
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Cryptocurrency Community on High Alert as SIM-Swap Attacks Target Prominent Figures
Notable Figures Fall Victim to Attacks Several prominent cryptocurrency influencers and projects have recently fallen victim to SIM-swap attacks. On December 22, the official X (formerly Twitter) account of Manifold Trading, as well as its co-founder Jae Chung, were compromised by a SIM-swap hacker. Despite the account being protected by an email address and password, […]