California Launches Crackdown on 11 Crypto Firms Accused of Operating Ponzi Schemes
Sep28

California Launches Crackdown on 11 Crypto Firms Accused of Operating Ponzi Schemes

The California Department of Financial Protection and Innovation (DFPI) has cracked down on 11 cryptocurrency companies that are accused of violating California securities laws. Nine of the firms reportedly solicited funds from investors in order to trade cryptocurrencies on the customer’s behalf. One of the accused companies pitched an alleged metaverse software development scheme, and another firm claimed to be a “decentralized...

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Binance Seeks License to Reenter Japanese Crypto Market After Exiting 4 Years Ago: Report
Sep28

Binance Seeks License to Reenter Japanese Crypto Market After Exiting 4 Years Ago: Report

Crypto exchange Binance is reportedly seeking to reenter the Japanese crypto market. The company exited Japan four years ago after the country’s financial regulator warned that Binance was operating illegally without a license. Binance Wants Back in Japan Crypto exchange Binance is seeking a license to return to the Japanese crypto market, four years after exiting the country, Bloomberg reported Monday, citing people familiar with the...

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LBank Exchange Will List Genesis Token (GTN) on September 29, 2022
Sep28

LBank Exchange Will List Genesis Token (GTN) on September 29, 2022

PRESS RELEASE. INTERNET CITY, DUBAI, Sep. 28, 2022 – LBank Exchange, a global digital asset trading platform, will list Genesis Token (GTN) on September 29, 2022. For all users of LBank Exchange, the GTN/USDT trading pair will be officially available for trading at 10:00 UTC on September 29, 2022. Based on the most advanced blockchain generation – Blockchain 5.0, Relictum Pro creates a global platform that covers all the aspects of...

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Bitdeer Sets Up $250M Fund to Acquire Assets From Financially Distressed Bitcoin Miners
Sep28

Bitdeer Sets Up $250M Fund to Acquire Assets From Financially Distressed Bitcoin Miners

According to a representative from the bitcoin mining company backed by the Chinese crypto billionaire Jihan Wu, Bitdeer is crafting a $250 million fund to buy distressed assets from embattled bitcoin miners. Bitdeer’s chief executive officer Matt Kong details that “opportunities” arise in “every cycle.” Bitdeer Wants to Acquire Cheap Machines From Distressed Bitcoin Miners Bitdeer is setting up a fund to purchase assets from...

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Fed Chair Powell Sees ‘Real Need’ for More Appropriate Defi Regulation Citing ‘Very Significant Structural Issues’
Sep28

Fed Chair Powell Sees ‘Real Need’ for More Appropriate Defi Regulation Citing ‘Very Significant Structural Issues’

Federal Reserve Chairman Jerome Powell says decentralized finance (defi) has “very significant structural issues,” emphasizing a “real need” for more appropriate regulation of the defi ecosystem. Fed Chair Jerome Powell on Defi Regulation Federal Reserve Chairman Jerome Powell talked about the regulation of decentralized finance (defi) Tuesday during a panel discussion on digital finance hosted by Banque of France. “The monetary...

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Binance Resumes Offering Futures Trading Products to South African Users
Sep27

Binance Resumes Offering Futures Trading Products to South African Users

One of the world’s biggest cryptocurrency exchanges by volumes traded, Binance, has said its futures products are now available to eligible South African users. In a message to its users, Binance suggested it has rectified issues with the regional regulator and that its activities in South Africa are now above board. Products Offered Unchanged Almost a year after Binance blocked South African users from accessing its futures trading...

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