Cryptocurrency is a digital coin that exists only in a computer program. That program is designed by, controlled by, and can be changed by human programmers. While the coin and its trading database (a …
Decentralized Cryptocurrency Markets Threaten U.S. Security, Treasury Says
The burgeoning decentralized cryptocurrency market threatens U.S. national security and needs greater oversight and enforcement against money-laundering, the U.S. Treasury Department said on Thursday. …
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TikTok to Comply With US Law, Protect User Data From China
ByteDance, the parent company of TikTok, has stated that it will continue to protect US user data from China following a hearing last week. The company's general counsel Erich Anderson spoke to the …
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France implores China to ‘bring Russia to its senses’ on Ukraine
French President Emmanual Macron says he is counting on China President Xi Jinping to bring Russia to its senses over the war in Ukraine. The Frnech president is visiting China for three days and made …
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Saudi Arabia and Iran agree to reopen embassies during Beijing talks on resumption of diplomatic ties
Saudi Arabia and Iran’s Foreign Ministers met in Beijing on Thursday to discuss the resumption of their diplomatic relations after a landmark agreement was made last month through mediation by China. …
Regulation Kills off Another Exchange as Paxful Shutters
The regulatory challenges in the US have killed yet another crypto exchange, Paxful. The CEO announced the shutting down of operations. Ray Youssef, the Chief Executive Officer of Paxful, announced …
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Multiple US state regulators allege AI trading DApp is a Ponzi scheme
Securities regulators from Montana, Texas, and Alabama have jointly filed enforcement actions against cryptocurrency trading platform YieldTrust.ai, alleging it is “perpetrating a Ponzi scheme.” …
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Swiss Bank PostFinance to Roll Out Bitcoin, Ethereum Services for Clients
PostFinance, the financial services firm fully owned by the Swiss government, will offer its customers a range of regulated crypto services delivered through Sygnum's B2B banking platform. Thanks to …
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73.3% of Q1 rug pulls happened on BNB Chain: Immunefi
BNB Chain was the king of rug pulls in the first quarter of 2023, with over 73.3% of such scams in the entire crypto ecosystem happening on the network, according to an April 4 report from blockchain …
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What Binance’s US lawsuit says about the future for cryptocurrency regulation
The world’s largest cryptocurrency exchange, Binance, has been hit with a lawsuit by US regulator the Commodity Futures Trading Commission (CFTC). This is not the first time a cryptocurrency exchange …
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