Tuesday, April 23, 2024
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Concerns grow over U.S. crypto market losing ground

SEC lawsuits, ambiguous taxation rules, and strict regulations are stirring unease in the American crypto community, possibly endangering the U.S. dominance in the crypto realm. In the heart of the financial world, a significant discussion is unfolding regarding cryptocurrency’s position in the United States. The U.S. Securities and Exchange Commission (SEC)

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Ethereum censorship concerns raised amid rising OFAC compliance

More and more Ethereum blockchain operators have complied with sanctions from the OFAC, raising censorship concerns among decentralization proponents and network participants. Toni Wahrstätter, an Ethereum researcher, noted that five of the six largest block builders on Ethereum’s blockchain actively censor certain transactions in line with the Treasury Department’s Office of

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SEC raises concerns over Coinbase in objection to Celsius restructuring plan

The United States Securities and Exchange Commission (SEC) has filed an objection to Celsius Network’s reorganization plan based in part on the regulator’s own ongoing lawsuit with crypto exchange Coinbase.In a Sept. 22 filing in U.S. Bankruptcy Court for the Southern District of New York, the SEC filed a limited

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Bank of Japan Leaves Interest Rates Unchanged, Experts Share Concerns

Analysts believe that Bank of Japan would soon face pressure to raise interest rates and reverse from its loose monetary conditions. On Friday, September 22, Japan’s central bank decided to leave its interest rates unchanged amid “extremely high uncertainties”, and continue with its ultra-loose policy. Following its September meeting, the

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Justin Sun’s crypto initiative raises concerns for Huobi Global

Justin Sun’s stUSDT has quickly become a high-yield darling for crypto investors, amassing $1.8 billion in investments, but the project’s success brings both operational and reputational challenges for the affiliated Huobi Global exchange. In June, Justin Sun unveiled a new project that piqued the interest of crypto investors looking for high

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CZ responds to Binance liquidity and employee turnover concerns

Binance CEO Changpeng “CZ” Zhao has dismissed recent rumors, asserting the firm’s financial and employee stability despite market uncertainty. In a recent communication disseminated via X (formerly known as Twitter) on Sept. 7, CZ vehemently refuted the negative publicity that has been shadowing Binance, attributing it to a concoction of adverse

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