Category: Crypto
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Judge Accepts $4.3 Billion Penalty in Binance Money Laundering Case
A U.S. court has sanctioned a monumental penalty exceeding $4.3 billion against Binance, the world’s premier cryptocurrency exchange, for breaches of anti-money laundering and sanctions laws. The ruling, emanating from…
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Terraform Founder Do Kwon Finally Extradited to U.S.
Do Kwon, co-founder of Terraform Labs, will reportedly be extradited to the United States to face fraud charges after being in Montenegro since his arrest in March 2023. The High…
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Starknet’s STRK Token Plummets 55% Following Trading Debut
Starknet’s native token, STRK, experienced a significant drop in value, losing 55% of its worth within 24 hours of being listed for trading on Tuesday. The trading volume exceeded $1.2…
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USD Coin (USDC) Phasing Out Support for Justin Sun’s TRON Blockchain
Circle, the issuer of major stablecoin USD Coin (USDC), announced on Wednesday that it will no longer support USDC on the Tron blockchain. The discontinuation of support will be phased…
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FixedFloat Crypto Exchange Hit by $26.1 Million Hack
FixedFloat, a cryptocurrency exchange known for its non-custodial service, has reportedly fallen victim to a significant exploit, resulting in the loss of approximately $26.1 million in bitcoin and ether. On-chain…
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Bitcoin ETFs Experience Record Inflows, Driving Price Surge
Bitcoin exchange-traded funds (ETFs) have witnessed a remarkable week, with net inflows topping $2.2 billion from February 12 to February 16, marking the highest among all 3,400 ETFs in the…
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Celsius Nears Completion of $3 Billion Crypto Distribution to Creditors
Celsius, the cryptocurrency lending platform that declared bankruptcy in 2022, has made significant progress in paying back its creditors, according to a recent court filing by its legal team, Kirkland…
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FTX’s bankruptcy lawyers had close ties with Sam Bankman-Fried
Sullivan and Cromwell (S&C), the prestigious law firm handling the bankruptcy of the fallen crypto exchange FTX, is now in the legal crosshairs itself. A new class action lawsuit accuses…
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Bitcoin in pre-halving rally mode as price hits $53,000
Bitcoin’s price edges over $53,000 at some exchanges, hinting at a pre-halving market surge. Bitfinex’s Jag Kooner sees this uptick as the start of a trend typically seen before Bitcoin…
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Coinbase Smashes Expectations with $953.8 Million Revenue
Coinbase just dropped some impressive fourth-quarter numbers, boasting a revenue of $953.8 million—up a whopping 41% from the last quarter, blowing past analyst forecasts. This figure not only zoomed past…
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Ripple Expands US Footprint Despite SEC Legal Battle
Ripple isn’t letting its legal tussle with the U.S. Securities and Exchange Commission (SEC) dampen its ambitions within the United States. Despite the ongoing high-profile lawsuit—where Ripple has so far…
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Ledger Teams Up with Coinbase for Easier Crypto Purchases Directly to Wallets
In a move that bridges the gap between hardware wallets and cryptocurrency exchanges, Ledger has announced its integration with Coinbase. This partnership allows Ledger users to leverage Coinbase Pay for…
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Aptos Labs Rolls Out Passkey Feature to Simplify Transaction Signatures
Aptos Labs is changing the game for its blockchain network users by introducing a new feature: passkeys. This move aims to cut out the hassle of remembering passwords for transaction…
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Sushi Cooks Up a Storm with New Decentralized Derivatives Platform on Ethereum’s Layer N
Sushi, a decentralized finance (DeFi) platform, is set to spice things up with the launch of Susa, a decentralized derivatives platform. This new venture is perched on Layer N, an…
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ENS Labs and Manifold Finance Lock Horns Over Eth.link
The saga around the eth.link domain, a crucial piece of digital real estate for the Ethereum community, has taken a new twist. ENS Labs, the brains behind the Ethereum Name…
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Dapper Labs Rides Super Bowl Wave with High-Profile NFT Sales and Promotions
Dapper Labs, the Web3 company behind the NFL All Day digital collectibles brand, is capitalizing on Super Bowl weekend momentum, following a series of promotional activities and high-profile NFT sales…
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Crypto Ads Take a Back Seat in Super Bowl LVII Amid Industry Shifts
In a striking departure from the previous year’s advertising spectacle, the 2023 Super Bowl is set to experience a notable decrease in cryptocurrency advertisements, marking a significant shift in the…
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Hong Kong Regulator Sets Deadline for Crypto Trading Platforms License Applications
Hong Kong’s Securities and Futures Commission (SFC) has issued a stern reminder to crypto trading platforms about the upcoming deadline for submitting their license applications. In a recent notice, the…
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