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HK CEO Lee Says Regulators May Get Powers to Crack Down on Unlicensed Crypto Exchanges After Hounax, JPEX

Government supervision is needed to protect investors and crack down on unlicensed platforms, Lee said according to the report. The Hounax case follows a similar one involving crypto exchange JPEX, which led to the arrest of six people in September after more than a thousand complaints involving a total of

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Former Binance CEO CZ Sheds Light on Next Moves as He Plans to Invest Crypto in Biotech Research

Following his recent guilty plea and forthcoming sentencing, former Binance CEO Changpeng Zhao has outlined potential next steps, including crypto investments in biotech research. Changpeng Zhao announced his resignation as CEO of Binance after leading the cryptocurrency exchange since its inception. This news comes on the heels of a settlement with

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Failure of Multi-Function Crypto Firms a Limited Threat to ‘Real Economy’: FSB

The FSB, which monitors financial systems and proposes rules to help prevent financial crises, said it was assessing the financial stability implications of multifunction crypto-asset intermediaries (MCIs) in July. MCIs are individual firms or groups of affiliated firms that combine a broad range of services, products and functions typically centered

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Coinbase (COIN) Stock Soars to 18-Month High as Investors Crypto Interest Grows despite Binance Legal Issues

COIN is presently trading at $119 after closing at $115 on November 27, which is the highest close since May 2022. The price now has minimal resistance ahead as it is moving toward $130, the May 2022 high. Major cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN) has seen its stock price

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