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Opyn DeFi protocol founders are leaving crypto after CFTC crackdown

Zubin Koticha and Alexis Gauba, two founders of the Opyn decentralized finance (DeFi) protocol, are stepping down from the project and “leaving crypto,” according to a statement from Koticha posted to social media on Nov. 14. The statement comes approximately two months after Opyn settled an enforcement action against it

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BlackRock Seeks Court-Approved Crackdown on Potentially Fraudulent Copycat Sites

According to the filing, “over 95% of the 500 most popular sites on the Internet are the subject of typosquatting”. The New York-based investment giant BlackRock Inc has called for a crackdown on dozens of domain names that have been registered to imitate the investment firm as they could potentially be

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Singapore seizes $2b in assets, crypto in major crackdown

Singapore authorities intensified its anti-money laundering measures by freezing over $2 billion in assets, including cryptocurrencies, amid an ongoing investigation. Singapore has intensified its crackdown on money laundering, freezing assets exceeding $2 billion, as revealed by Second Minister for Home Affairs Josephine Teo. Notably, the extensive list of frozen assets includes

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HK regulator vows to intensify crackdown on unregistered crypto platforms

Hong Kong's financial regulator, the Securities and Futures Commission (SFC) has vowed to step up its efforts to combat unregulated cryptocurrency trading platforms in its jurisdictionAccording to a Sept. 25 announcement, the SFC said it will publish a list of all licensed, deemed licensed, closing down and application-pending virtual asset

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80 Chinese crypto influencer accounts shut down in latest crackdown

Sina Weibo, one of the most popular Chinese social media apps with over 258 million daily active users, has removed 80 influencer accounts promoting cryptocurrency activities citing official legislation.According to the Sept. 5 announcement, 80 crypto influencer accounts with over 8 million in total followers had been "proactively removed" by

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Singapore police seize $735m in money laundering crackdown

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Singapore authorities arrested ten foreigners in a major money laundering bust, confiscating assets worth roughly $735 million. On Aug. 16, Singaporean police arrested ten foreign nationals with Chinese passports, accused of laundering approximately S$1 billion ($735 million)

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Chinese regulators reaffirm ‘severe crackdown’ on overseas telecoms dealing in crypto, blockchain

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied China is warning telecom companies that are based overseas not to wield “new technologies” — digital assets, blockchain, artificial intelligence (AI) and the metaverse — for nefarious purposes. According to Global Times, citing a statement from the

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