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French Investigation Targets Binance: Allegations of Money Laundering and Regulatory Violations

June 16, 2023 0

Binance, the crypto exchange with the highest trade volume globally, is currently facing an investigation for suspected money laundering activities, as reported by the French publication Le Monde. The finance judicial investigation service of France is currently scrutinizing the actions of

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Bitcoin, Ethereum Technical Analysis: BTC, ETH Rebound on Friday, as Markets Digest US Retail Sales Data

June 16, 2023 0

Bitcoin rose back above $25,000 on Friday, as markets continued to digest recent U.S. economic data. Yesterday saw retail sales climb higher than expected, rising by 0.3% in May, better than a projected decline of 0.1%. Ethereum moved closer to the $1,700 level. Bitcoin Bitcoin bulls made a brief appearance during Friday’s session, pushing the […]

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Crypto Exchange Okx Gets MVP Preparatory License From Dubai Regulator

June 16, 2023 0

Crypto exchange platform Okx Global has been granted the minimal viable product (MVP) preparatory license by the Dubai regulator, the Virtual Assets Regulatory Authority (VARA). The latest VARA license has been granted almost a year after Okx received the “provisional virtual assets license.” Crypto Exchange to Increase Dubai Office Staff The Dubai digital assets

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Ripple CEO Brad Garlinghouse: SEC ‘Weaponized the Lack of Regulatory Clarity,’ Threw ‘an Entire Industry Into Chaos’

June 16, 2023 0

Ripple CEO Brad Garlinghouse has criticized the role that the U.S. Securities and Exchange Commission (SEC) decided to assume against the cryptocurrency industry. After the release of the Hinman docs, which explain the internal discussions of the institution before the now famous Hinman speech, Garlinghouse stated that the SEC “weaponized the lack of regulatory clarity,”

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Reports Indicate Venezuela Is Preparing to Liquidate the Petro

June 16, 2023 0

According to reports, the government of Venezuela could be winding down the operations of the petro cryptocurrency. The decision comes after Sunacrip, the Venezuelan cryptocurrency watchdog, was set back by the alleged participation of its former head Joselit Ramirez in a potential $20 billion corruption scheme involving the settlement of Venezuelan oil sales. Reports

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US Treasury Secretary: No Alternative Reserve Currency Can ‘Replicate’ Role Played by the Dollar

June 16, 2023 0

United States Treasury Secretary Janet Yellen recently told members of the U.S. Congress that while some countries are seeking to create alternatives to the greenback, no country, including China, can create a currency which replicates the dollar’s role in the global financial system. The U.S. Treasury secretary also claimed that it will not be easy […]

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France’s Macron Hopes to Attend BRICS Summit in South Africa, Report

June 16, 2023 0

French President Emmanuel Macron wants to join the leaders of the BRICS nations when they meet in August, according to a press report. While his participation in the multipolar bloc’s summit is uncertain, Macron has already scheduled another summit in Paris to discuss the establishment of a “fairer” financial system. Macron Reportedly Asks Ramaphosa for […]

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CoinEx Explains How the Intersection of AI and Web3 Will Revolutionize Crypto

June 16, 2023 0

The emergence of cutting-edge artificial intelligence capabilities has ignited the imagination of business strategists worldwide, urging them to envision the future operations of their respective industries in this era of AI. Simultaneously, the advent of Web3 is transforming our very interaction with the internet, which serves as the foundation of the contemporary global

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Egypt Applies for BRICS Membership, Seeks Trade in National Currencies

June 16, 2023 0

Egypt has filed an application to join the BRICS bloc, Russia’s ambassador to the Arab nation confirmed. The government in Cairo is interested in using alternative currencies in foreign trade, either national fiats or a new common currency, the diplomat unveiled. Egypt Takes Step to Join BRICS Club, Russia Backs Bid Egypt has applied to […]

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Crypto Firm Abra Said to be Insolvent in Texas State Regulators’ Cease-and-Desist Order

June 16, 2023 0

According to an emergency cease-and-desist order from the Texas State Securities Board, the cryptocurrency firm Abra is “insolvent or nearly insolvent.” The filing alleges that a group of state securities regulators has been investigating Abra, and the working group interviewed William Barhydt, the company’s founder, in March 2023. Texas State Regulators Issue