Tag: Altcoin News

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Convincing Deepfake Video of Australian Billionaire Promotes Scam Financial Investment

February 2, 2024

Cybersecurity firm Cybertrace has issued a stark warning regarding a highly convincing deepfake video featuring Australian mining magnate and businessman Andrew “Twiggy” Forrest. The deepfake video, which has surfaced on social media platforms, shows Forrest promoting a fake cryptocurrency trading platform that promises high returns. The video, which initially appeared on Facebook, encourages users to…
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Genesis Settles SEC Lawsuit, Agrees to $21 Million Civil Penalty for Earn Product

February 2, 2024

Genesis Global and its affiliated entities have reached a settlement with the United States Securities and Exchange Commission (SEC), agreeing to pay a civil penalty of $21 million. The settlement, which resolves the SEC’s civil lawsuit against Genesis over the “unregistered offer and sale of securities” through the Gemini Earn program, was proposed in a…
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Group of 17 Russian Banks Officially Joins ‘Second Stage’ of Digital Ruble Pilot

February 2, 2024

Russia’s digital ruble pilot is gathering pace, with 17 more banks joining the Central Bank’s CBDC project. The group of banks includes heavyweights such as Sberbank and Tinkoff, the Central Bank explained in an official statement. This represents a major coup for the Central Bank. Both Sberbank and Tinkoff pulled out of the first phase…
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DeFiance Capital Wins in Lawsuit Against Defunct Crypto Fund 3AC in Singapore

February 2, 2024

The High Court of Singapore turned down plea from the now-defunct crypto hedge fund Three Arrows Capital (3AC) to dismiss DeFiance Capital’s lawsuit filed against the fund. In a recent hearing, Judge Chua Lee Ming gave greenlight to Defiance Capital in its $140 million dispute with 3AC. Further, the court ordered 3AC to pay SG$15,000…
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Tether Achieves Record $6.2 Billion Annual Profit, Nears $100 Billion In Assets

February 1, 2024

In 2023, Tether saw its assets approach the $100 billion mark, following a $6.2 billion profit according to the company’s Q4 attestation report released on January 31. The financial surge, detailed in Tether’s latest financial statements, reflects a strategic allocation of assets. Tether’s Financial Milestones Roughly $4 billion of those profits were “generated by US…
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El Salvador President Nayib Bukele Eyes Bitcoin-Backed Bonds, Bitcoin Cities in Re-election Bid

February 1, 2024

El Salvador’s President Nayib Bukele intends to push forward with his plans for Bitcoin if he secures a second term in the upcoming election. Despite pressure from the International Monetary Fund (IMF) to reconsider the country’s adoption of Bitcoin as legal tender during loan negotiations, the government remains steadfast in its decision, Reuters reported, citing…
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Top Crypto Gainers Today on Uniswap – PORK, LARRY, SOUTH

February 1, 2024

PepeFork, LarryCoin and DeepSouth AI are the top crypto gainers today on DEXTools as the broader crypto market drops on Wednesday. Bitcoin (BTC) was last down around 1.6% under $43,000 after Fed Chair Powell pushed back against a March rate cut. After the Fed left interest rates unchanged at 5.25-5.5% on Wednesday, Powell said a…
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Best Crypto to Buy Now January 31 – Chainlink, Ronin, Mina

February 1, 2024

While blue-chip cryptocurrency markets are pulling lower in wake of a hawkish Fed policy announcement, Flare (FLR), Monero (XMR) and Ronin (RON) are still in the green, making them amongst the best crypto to buy now. Bitcoin (BTC) was last down around 1.6% under $43,000 after Fed Chair Powell pushed back against a March rate…
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Experts Warn of Financial System Risks as Bitcoin ETFs Bridge Gap between Crypto and TradFi

January 31, 2024

The recent launch of exchange-traded funds (ETFs) tracking Bitcoin (BTC) has sparked concerns among experts about the potential risks that could emerge as cryptocurrencies become further intertwined with the traditional financial system. The Securities and Exchange Commission (SEC) approved 11 spot Bitcoin ETFs earlier this month, marking a significant moment for the crypto industry, which…
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Russia’s Central Bank Exploring Use of Crypto, CBDCs with BRICS Allies

January 31, 2024

The Governor of Russia’s Central Bank says she is speaking to BRICS member states about using “digital currencies” to power international trade. Per RIA Novosti and 1Prime, the bank’s long-serving Governor Elvira Nabiullina said the Central Bank was “currently holding consultations with friendly countries, including BRICS members, on cross-border payments through digital currencies.” Nabiullina remarked…
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