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The notorious hacking group Lazarus Group, allegedly run by the North Korean government, currently holds cryptocurrency worth over $47 million in their linked wallets according to new data. This alarming finding once again highlights the cybersecurity risks facing the cryptocurrency industry as malicious actors seek to exploit vulnerabilities for financial
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In an unprecedented move that signals escalating oversight of the cryptocurrency industry, South Korean financial authorities are gearing up to initiate stringent eligibility reviews for major shareholders of cryptocurrency exchanges, mirroring the rigorous standards upheld within the traditional banking sector, multiple local media outlets reported late last week. The planned
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The ongoing legal battle between the SEC and leading crypto exchange Binance has reached an impasse, leaving the industry in limbo. Meanwhile, Bitcoin advocates are doubling down on claims that the NSA had a hand in creating Bitcoin. This vital news means the crypto industry's future remains uncertain
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The cryptocurrency market has been on a wild ride in recent weeks, with major coins like Bitcoin, Ethereum, and XRP seeing major price swings. This past week proved no different, with more volatility that has crypto investors on the edge of their seats. What lies ahead, and can any sense
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Ethereum co-founder Vitalik Buterin believes cryptocurrencies currently provide the greatest real-world utility in emerging economies, according to a recent interview with CNBC. While developed nations often view crypto as a speculative digital asset, Buterin claims its most meaningful use cases exist in lower-income developing countries that lack essential financial services.
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Powerful Lobbying Needed Before 2024 Election, Says Coinbase CEO The crypto industry is facing an "unfair" regulatory environment according to Brian Armstrong, CEO of top U.S. exchange Coinbase. In a new interview, Armstrong stated that certain government actors like SEC Chair Gary Gensler and Senator Elizabeth Warren
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Amid cautious optimism that a new era of maturity could be dawning for crypto, publicly traded companies find themselves on the front lines, under intense scrutiny as they work to bring the industry into the mainstream. Though the path is filled with challenges, their efforts may pay dividends for the
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Ex-Banker Faces Up To 30 Years in Prison for $1.5 Million Cryptocurrency Scheme A former Deutsche Bank executive who ran a fraudulent cryptocurrency investment fund has pleaded guilty to charges of investment fraud and identity theft, the U.S. Department of Justice announced on Monday. Rashawn Russell, 27, faces
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The crypto world faces a monumental shift as the UK imposes new regulations on digital assets. Leading exchange Bybit just announced it will suspend services in Britain to comply with the Financial Conduct Authority's stringent promotion rules. This drastic move underscores how seriously the UK treats crypto oversight
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With Ripple stuck battling the SEC in court and the 2024 US Presidential election approaching, the future of the XRP cryptocurrency remains uncertain. Will a potential Republican administration usher in a new era for crypto regulation, or will the status quo prevail? This article will provide the latest updates on
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When the crypto empire of Sam Bankman-Fried collapsed in November 2022, it didn't just wipe out the billions of the young crypto mogul himself. It also destroyed the financial futures of countless ordinary investors who had placed their trust in the "King of Crypto's"
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The crypto market is bracing for impact as analysts predict an impending crash that could wipe out over $440 billion in market capitalization. According to crypto expert Nicholas Merten, Bitcoin could plunge over 43% from current levels, potentially finding support around $15,000 to $16,000. The anticipated meltdown stems
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The past week saw over $115 million in funding flow into the decentralized finance and cryptocurrency space, signaling the growing momentum and adoption of blockchain technology. Eleven crypto startups raised capital across gaming, custody, infrastructure, healthcare, social media, intelligence, and more, demonstrating the far-reaching potential of decentralization. Leading the pack
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The crypto world has a new contender vying for dominance in the burgeoning NFT art space. Domini.art, an innovative platform fusing art and blockchain, is generating significant buzz as the next potential disruptor. But does this relative newcomer have what it takes to reshape the game? In this article,
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The mind-boggling lack of criminal prosecutions against cryptocurrency fraudsters represents a massive enforcement failure that enables ongoing abuse within the crypto ecosystem. This is the damning assessment of former U.S. Securities and Exchange Commission (SEC) attorney John Stark Reed, who spent nearly 20 years in the SEC's
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The crypto winter is showing no signs of thawing as markets brace for impact from several major economic events this week. All eyes are on Federal Reserve Chair Jerome Powell's speech on Wednesday as investors seek clarity on the central bank's path forward amid growing recession