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Gemini, Genesis, DCG Face $1B Fraud Lawsuit by NY Attorney General; Gemini Says It’s the ‘Victim’ in Scandal

October 19, 2023 0

New York Attorney General Letitia James filed a lawsuit against crypto companies Gemini Trust Company, Genesis Global Capital, and its parent company Digital Currency Group (DCG) for allegedly defrauding over 230,000 investors out of more than $1 billion. The lawsuit claims the companies lied

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Bitcoin, Ethereum Technical Analysis: BTC Higher, as SEC’s Gensler Says Around 10 ETFs Are Being Reviewed

October 19, 2023 0

Bitcoin edged slightly higher on Thursday, following comments from the Chair of the U.S. Securities and Exchange Commission (SEC), Gary Gensler. Gensler said the commission was currently reviewing eight to ten applications from firms looking to launch a bitcoin exchange-traded-fund (ETF). Bitcoin Bitcoin snapped a two-day losing streak on Thursday, as markets reacted to

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Tax Authorities in EU to Share Transaction Data Reported by Crypto Firms

October 19, 2023 0

New EU rules will introduce automated exchange of information on crypto revenues reported by service providers in the sector. A new directive adopted by the Union expands existing registration and reporting obligations as well as cooperation between tax administrations across the bloc. Information Sharing Between National Tax Administrations in EU to Cover Crypto Assets

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Pennsylvania State House Committee Passes Bill on ‘Reporting Requirements’ for Crypto Miners

October 19, 2023 0

The Environmental Resources and Energy Committee of the Pennsylvania General Assembly recently passed a bill which proposes “reporting requirements for qualifying crypto-asset mining operations.” Sponsor of the draft legislation Greg Vitali said the bill “doesn’t prohibit any cryptocurrency operation from operating in any way.” Reporting Requirements for Crypto Miners The

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Querio: The Daring Upstart on a Mission to Revolutionize Decentralized Search

October 19, 2023 0

PRESS RELEASE. Imagine a new internet era with Querio, an ambitious decentralized search engine revolutionizing Web3 exploration. With lightning speed, pinpoint accuracy, and unwavering privacy, Querio serves as a portal to the decentralized technology universe, challenging the status quo and prioritizing user-centric discovery, setting the stage for a blockchain

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FTX Estate Proposes Recovery Plan With 90% Asset Return Expected 

October 19, 2023 0

The now-defunct FTX crypto exchange announced a proposed settlement plan this week that aims to resolve disputes over customer assets lost when the company filed for bankruptcy in November 2022. FTX Debtors Chart Path to Redress: 90% Asset Recovery Proposed in Bankruptcy Plan The FTX debtors’ proposed settlement plan includes priority payouts to customers and […]

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Fidelity Submits Updated Spot Bitcoin ETF Application

October 19, 2023 0

Fidelity has submitted an updated proposal for a spot bitcoin exchange-traded fund (ETF) to the U.S. Securities and Exchange Commission (SEC). The asset manager joins other applicants in continued efforts to address regulatory concerns that have stood in the way of approving the investment product. Fidelity Files Updated Spot Bitcoin ETF Prospectus With SEC Financial […]

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Binance US Suspends Withdrawals in US Dollars

October 19, 2023 0

Crypto exchange Binance US has suspended withdrawals in U.S. dollars. Users who want to withdraw their USD funds must first convert them into stablecoins or other cryptocurrencies, which can then be withdrawn. Binance US Updates Dollar Withdrawal Policy Binance US, the U.S.-based cryptocurrency exchange affiliated with Binance, updated its terms of use on Tuesday. The […]

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European Regulator Clarifies MiCA Timeline — Warns No Such Thing as Safe Crypto Asset

October 19, 2023 0

The European Securities and Markets Authority (ESMA) is preparing to implement the Markets in Crypto-Assets Regulation (MiCA). The regulator has issued several crypto warnings that investors and users of crypto services providers should be aware of, particularly before MiCA is fully implemented. The regulator cautioned: “Even with the implementation of MiCA, retail

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Digital Euro Enters ‘Preparation Phase’ — ECB Says ‘Digital Euro Would Make Data Protection a Priority’

October 19, 2023 0

The European Central Bank (ECB) has decided to move its digital euro project to the next phase after two years of investigation. The “preparation phase” of the digital euro will involve “finalizing the digital euro rulebook and selecting providers that could develop a digital euro platform and infrastructure.” Digital Euro Proceeds to ‘Preparation Phase’ The […]