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Tag: Crypto regulation

Silvergate Bank - crypto

Silvergate Bank’s crisis affects several crypto platforms

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In Brief: Silvergate Bank warned that it may not be able to continue as a going concern due to its losses from the FTX exchange’s default. Several crypto platforms, including Coinbase, Paxos, Crypto.com and Galaxy Digital, have suspended their operations with Silvergate Bank as a precautionary measure. The bank’s share price plummeted by nearly 50% on Thursday, raising doubts about its survival and reputation in the crypto space. The...

Bankruptcy, Crypto regulation, Front page, FTX, Main

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Keanu Reeves

Keanu Reeves: “The principles and ideas behind an independent currency are amazing”

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Keanu Reeves is not just an accomplished actor but also an advocate of cryptocurrency. In a recent interview, the Hollywood star talked about how much he liked the ideas and principles behind an independent currency and how important it was to improve its ways of keeping people safe. The Value of Crypto Reeves’ interest in cryptocurrencies goes beyond their market value. He thinks that crypto is an alternative to the traditional financial...

Bitcoin, Crypto adoption, Crypto regulation, Cryptocurrencies, Hacks, People in crypto

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Hong Kong's New Rules on Crypto Trading Platforms

Hong Kong’s New Rules on Crypto Trading Platforms

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The Securities and Futures Commission (SFC) of Hong Kong has announced new rules for platforms that let people trade cryptocurrencies. The SFC is soliciting feedback on whether licensed platforms should be allowed to serve retail investors and what consumer protection measures should be put in place. The plan is a response to the fact that trading in cryptocurrencies is becoming more and more popular and that the industry needs more oversight. SFC’s...

Bitcoin, Crypto adoption, Crypto regulation, Cryptocurrencies, Front page, Main

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Crypto Today - crypto market corrects; bitcoin ordinals; celebrity clout

Crypto Today: crypto market corrects; bitcoin ordinals; celebrity clout

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Crypto Correction Even as the S&P 500 hits new highs, the crypto market as a whole keeps going down, which worries investors. Stablecoins are about to be regulated, and regulators just cracked down on them. This has made investors even more nervous, but George Soros’s recent investments in MicroStrategy and Marathon Digital have given them some hope. Professional traders are advised to monitor Bitcoin derivatives metrics and futures...

Bitcoin, Crypto adoption, Crypto regulation, Cryptocurrencies

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genesis block - crypto company

Genesis Block to Halt Operations Amid Potential FTX Repercussions

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The FTX’s contagious impact continues to spread across the cryptocurrency sector. Genesis Block, once Asia’s biggest Bitcoin ATM provider, is one of the enterprises in the cryptocurrency industry suffering from the FTX crash. According to a Reuters report, which was picked up by other media outlets, the business notified its customers via email that it would stop its OTC trading facility on December 10. OTC trading, also known as...

Bankruptcy, Crypto adoption, Crypto regulation, Cryptocurrencies, Exchanges, Front page, Main, News

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