Cryptocurrency Analysis and News Portal
BitCulture explores arts, culture, music and media in blockchain and Web3. Fine art on the blockchain Exchange.art head curator Haley Karren came to Web3 from some of the world’s leading art institutions and says that working with 14,000 artists on
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Continuing operations without applying for registration could lead to a $542,854 fine or imprisonment. Source
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On Monday, the EU imposed a record $1.3 billion fine on social media giant Meta for transferring EU user data to the US. Meta Platforms Inc (NASDAQ: META) recently incurred a record 1.2 billion euros ($1.3 billion) fine from the European Union (EU) for privacy violations. European privacy regulators alleged that the Facebook parent
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Identifying the platform’s inability to pay a massive sum of $22 million as penalty in violations of the securities laws, the SEC has revised the penalty to $111,000. In a major development and probably the first, the US Securities and Exchange Commission (SEC) has decided to revise its fine against
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Jeremy Kauffman, LBRY's founder has previously said this case could impact the wider crypto industry as the company maintained that LBC was not a security. Ripple Labs has a similar defense as it faces SEC charges for the sale of $1.3 billion in XRP tokens. Source
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A crypto user who purchased a luxury car with Bitcoin (BTC) faces 18 months in prison and a $3.7 million fine in Morocco, which still considers the use of crypto as an illegal act.A recent report by Euronews stated the Casablanca Court of Appeal had upheld the conviction of Thomas
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The CFTC claimed that the firm had proprietary software that was expected to recognize significant trading gains for investors who contributed to the Bitcoin pool, but in reality, there was no such “bot” in use. The head of a South African firm has been slapped with a massive fine of $3.4
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A Russian crypto entrepreneur, charged with laundering money from ransomware attacks, has been sentenced to probation and fined in the U.S. after pleading guilty. Founder of two coin trading platforms, Denis Dubnikov, was arrested in the Netherlands and extradited to the U.S. last year. Oregon Court Sentences Russian for Processing Ryuk
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“Whether it’s through staking-as-a-service, lending, or other means, crypto intermediaries, when offering investment contracts in exchange for investors’ tokens, need to provide the proper disclosures and safeguards required by our securities laws,” said SEC Chair Gary Gensler. “Today’s action should make clear to the marketplace that staking-as-a-service providers must register
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The charge sheet from the Dutch central bank (DNB) outlining its decision to impose a sanction of 3,325,000 euros ($3.6 million) for serving local customers without approval shows multiple legal and procedural gray areas – and Coinbase, which is registered with DNB now, argues it is being punished for co-operating. Source
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