Coinbase Posts Huge Loss As Crypto Meltdown Cuts Trading Volumes By Half

Coinbase posts loss as crypto market turmoil hits trading volumes Coinbase Global Inc reported a larger-than-expected quarterly loss as investors worried by this year’s rout in risky assets shied away from trading in cryptocurrencies, sending its shares down 6 per

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US Imposes Sanctions On Digital Currency Mixer Firm Tornado Cash

US imposes sanctions on virtual currency mixer Tornado Cash The United States on Monday imposed sanctions on virtual currency mixer Tornado Cash, accusing it of helping hackers, including from North Korea, to launder proceeds from their cyber crimes. A cryptocurrency

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Australia’s Central Bank (RBA) Launches Digital Currency Research Project

Australia’s central bank launches digital currency project Australia’s central bank on Tuesday said it was launching a one-year research programme into the case for a central bank digital currency (CBDC) in Australia, focusing on what potential economic benefits it might

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New Guilty Plea In BitMEX Crypto Exchange Laundering Case

New guilty plea in BitMEX crypto exchange laundering case The first employee of BitMEX pleaded guilty on Monday to violating US bank secrecy laws by failing to establish an anti-money laundering program, following guilty pleas to the same charge by

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Crypto Exchange Zipmex To Start Releasing Bitcoin, Ether Tokens This Week

Crypto platform Zipmex to start releasing Bitcoin, Ether for customers Crypto exchange Zipmex will release Ethereum and Bitcoin tokens from this week, a spokesperson said on Monday, allowing 60 per cent of its customers to retrieve their digital assets after a

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Gucci Adopts ApeCoin As Payment Method. What Does It Mean For The Crypto?

Now accepting @ApeCoin payments via @BitPay: Gucci ApeCoin (APE), a cryptocurrency created by Yuga Labs and adopted as the native token of Bored Ape Yacht Club (BAYC), was the topic of much discussion in the first quarter of 2022.  The

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After Raids By Regulators, Crypto Exchange WazirX Says Operations As Usual

Operations being run as usual, says cryptocurrency exchange WazirX After the Directorate of Enforcement (ED) raided one of its directors and froze bank balances to the tune of Rs 64.67 crore, cryptocurrency exchange WazirX reiterated that the company’s operations are

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Bitcoin, Ether To Come Under Commodities Regulator, New US Senate Bill

Senate bill would hand bitcoin, ether oversight to commodities regulator A new bill introduced in the U.S. Senate would make the Commodity Futures Trading Commission (CFTC) the direct regulator of the biggest cryptocurrencies. The measure, introduced by the top Democrat

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US Regulator Urges Banks To Police Misleading Crypto Claims

FDIC urges banks to police misleading crypto claims on deposit insurance A US banking regulator is urging banks dealing with cryptocurrency companies that they need to make sure customers know which of their funds will be insured by the government

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Cryptocurrency Race In 2023: Will These Tokens Face Off Against One Another?

Cryptocurrency race next year A new wave of cryptocurrencies, called Web3 cryptos, is dedicated to realising the decentralised Web3 concept. To give users control over their data and enable transactions without the use of intermediaries, they combine blockchain technology with

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