US judge slaps $36M fine on man for 5-year crypto investor fraud
The court order demands approximately 85% of the significant fine to be paid back to victims of William Koo Ichioka’s fraudulent scheme.
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Report all crypto transactions or face 5-year jail term in South Korea
Strict reporting rules for crypto businesses in South Korea are set to come into effect with existing firms given six months to comply or face stiff penalties. 3663 Total views 16 Total shares South Korea’s cryptocurrency regulatory space is set to become even more tightly regulated with the incoming laws on financial reporting for crypto…
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Blockchain analytics unable to prevent FTX-level illicit schemes
Data transparency has been a focal point for the crypto industry, but the FTX fiasco has shown that centralized exchanges (CEX) are not transparent enough. So far, crypto analytics firms are apparently not capable of tracking transactions to prevent collapses like FTX.All Bitcoin (BTC) transactions are available publicly on-chain, which enables tracking such transactions when…
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Stefan Berger explains the reason behind the delay in MiCA voting
One of the reasons behind the delay is “the enormous amount of work for the lawyer linguists, given the length of the legal text.” 269 Total views 2 Total shares As the Plenary vote for the landmark Pan-European crypto legislation, Markets in Crypto Assets (MiCA), has been rescheduled from the end of 2022 to February…
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This Chinese City Is Launching a Blockchain Notary Program
Suzhou wants to implement a blockchain-based pilot program to use real-time notarial tracing functions across the country. 3874 Total views 73 Total shares Local media outlets are reporting that a blockchain-powered pilot program will provide a wide range of notary services in Suzhou, China.According to China Quality News, authorities of Suzhou announced on June 5…
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Study: Over 74% of Bitcoin Mining is Powered by Renewable Energy
Cryptocurrency investment products and research firm CoinShares estimates that 74.1% of bitcoin (BTC) mining is powered by renewable energy in its bi-annual mining report published on June 5.The report also claims that “at current prices, the average miner is highly profitable, with even older gear and high-cost producers currently able to make positive ROI.” The…
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Bitcoin Breaks $9,300 as US Stock Market Sees Minor Downturn
Monday, June 17 — most of the top 20 cryptocurrencies are reporting moderate gains on the day by press time, as bitcoin (BTC) passed the $9,300 mark again.Market visualization courtesy of Coin360Bitcoin is currently up about 2.69% on the day, trading around $9,341 at press time, according to Coin360. Looking at its weekly chart, the…
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Ronaldo partners with Binance: Nifty Newsletter, June 22–28
In this week’s newsletter, read about Meta’s plans to expand their nonfungible token (NFT) testing on Instagram and Facebook. Check out how soccer legend Cristiano Ronaldo is planning to introduce his fans to Web3 through NFTs and how the rap legends Snoop Dogg and Eminem featured Bored Ape Yacht Club (BAYC) characters in their latest…
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Decentralized stablecoins could dominate crypto: MakerDAO founder
MakerDAO’s Rune Christensen says appropriate regulation will see stablecoins become mainstream, but the real opportunity is in decentralized stablecoins. 96 Total views 1 Total shares Decentralized stablecoins may eventually dominate the stablecoin market, so long as crypto “ends up living up to its potential,” says Rune Christensen, the co-founder of DeFi pioneer MakerDAO.Speaking to Cointelegraph’s