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In an alarming turn of events, Thorchain, a decentralized exchange protocol that emphasizes interoperability, is witnessing the exodus of its key developers. This upheaval stems from deep-seated disagreements about the protocol’s approach to handling illicit funds, particularly in light of alarming developments involving the notorious Lazarus Group from North Korea. This group has reportedly exploited
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The cryptocurrency market continues to evolve rapidly, with major players actively responding to shifting investor demands. A notable announcement came from CME Group, which unveiled plans to launch Solana (SOL) futures on March 17, contingent upon receiving regulatory approval. This strategic move indicates a growing interest in Solana within institutional frameworks, reflecting an increasing appetite
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In a significant development, the U.S. Securities and Exchange Commission (SEC) has taken a clear stance on meme coins, distinguishing them from traditional securities. This recent announcement by the SEC’s Division of Corporation Finance sheds light on how federal securities laws apply to these increasingly popular digital currencies characterized by their cultural and internet-based origins.
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In the ever-changing world of cryptocurrency, regulatory bodies are faced with the significant challenge of keeping pace with innovation while ensuring investor protection and market integrity. Recently, the U.S. Securities and Exchange Commission (SEC) has come under scrutiny for its abrupt decision to drop several lawsuits against prominent cryptocurrency firms, a move that has raised
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In a noteworthy turn of events, Dunamu, the company that operates South Korea’s leading cryptocurrency exchange, Upbit, has initiated legal proceedings against the Financial Intelligence Unit (FIU) within the country. This lawsuit arises from a business suspension order levied against them, marking a critical moment in the ongoing struggle between cryptocurrency firms and regulatory bodies.
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The cryptocurrency market has recently faced a tumultuous decline, with a staggering drop in total capitalization that has fallen below the $2.8 trillion mark. Prominently, Bitcoin (BTC) has encountered a significant downturn, recording a near 19% decrease over the past week. Meanwhile, Ethereum (ETH), its closest competitor, has experienced even steeper losses, dipping below the
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The financial landscape for cryptocurrencies is evolving at a rapid pace, with specific events such as Bitcoin options expirations playing a crucial role in determining market sentiment and price fluctuations. On February 28, approximately 58,000 Bitcoin options contracts, possessing a notional value of about $4.7 billion, are set to expire. This significant number of contracts
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In a concerning development for the cryptocurrency sphere, the Federal Bureau of Investigation (FBI) has unequivocally attributed the staggering $1.5 billion cyberattack on cryptocurrency exchange Bybit to the notorious Lazarus Group, an entity linked to North Korean state-sponsored cybercriminal activities. The incident, which took place on February 21, saw hackers penetrate one of Bybit’s cold
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