Authorities from both the United States and South Korea have made efforts to have Terra co-founder Do Kwon extradited to their respective countries following his arrest in Montenegro. At a March 29 press conference, Montenegro’s Justice Minister Marko Kovac said the United States made diplomatic efforts to ask for Kwon to be handed over, while South Korean…
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Bitcoin (BTC) may have erased its Binance “FUD” losses, but popular traders are anything but bullish. Despite gaining up to 7.5% versus its March 28 lows, BTC/USD is causing more suspicion than excitement with its return to local highs. $30,000 stays breaker for bullish sentiment flip In a move which echoes its reactions to previous…
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A recession is a period of economic decline that can impact individuals and businesses alike. It’s important to take steps to prepare for a recession to help minimize the potential negative impact on your finances. Here are some strategies to consider: Build an emergency fund Building an emergency fund is one of the most critical…
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The collapses of banks like Silvergate have certainly impacted cryptocurrency exchanges but there are ways for the industry to survive without the support of banks, one executive believes. Crypto exchanges significantly rely on traditional banking systems for customer deposits, which makes them vulnerable to various banking issues, according to Bitstamp USA CEO and global commercial…
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The cryptocurrency space has no shortage of skeptics. While many people criticize the environmental impact of proof-of-work blockchains or the proliferation of scams, one particular argument against crypto often stands out: Blockchain has no real use cases. Every two weeks, Cointelegraph’s The Agenda podcast breaks down this critique and explores the various ways blockchain and…
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Nigerian crypto investors using peer-to-peer (P2P) services have expressed concerns about the Central Bank of Nigeria (CBN) flagging their bank accounts. CBN’s decision to flag accounts is believed to be in relation to the near $6.3 million (2.9 billion nairas) Flutterwave hack, as the bank accounts have yet-to-be-proven affiliations with the hack. According to local news sources,…
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The United States Securities and Exchange Commission (SEC) chief Gary Gensler is set to testify before the House Financial Services Committee for the first time. In an interview, Representative Patrick McHenry, chairman of the Financial Services Committee, confirmed that the SEC chief would have to face questions on April 18 over his approach toward the…
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Circle has been subject to discussion in the crypto industry since the depegging of its USD Coin (USDC) stablecoin amid the collapse of Silicon Valley Bank (SVB) on March 10. Now that the company has cleared its backlogs and USDC has regained its 1:1 peg with the United States dollar, it looks toward the future —…
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A new bill has been introduced to the Australian parliament proposing regulations for the provision of cryptocurrency services in the country. Senator Andrew Bragg submitted a private senators’ bill titled Digital Assets Bill 2023 to ‘protect consumers and promote investors’, which includes regulatory recommendations for stablecoins, licensing of exchanges and custody requirements. Proposed regulatory changes…
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European Union lawmakers have adopted new draft legislation imposing a 1,000 euro ($1,083) cap on anonymous crypto transfers to combat money laundering and terrorist financing. According to a European Parliament statement published on March 28, the limit would apply to a crypto asset transfer when a customer can’t be identified. Cash transactions will also be…
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