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American crypto exchange Coinbase plans to protest a weighty fine imposed by the Dutch central bank over “non-compliance” violations. Coinbase (NASDAQ: COIN) has received a $3.6 million fine from the Dutch central bank for offering unregistered crypto services to customers in the country. According to the Dutch apex bank, Coinbase’s Europe
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The cryptocurrency exchange Huobi is laying off 20% of its employees, according to multiple reports over the past two days. However, Huobi’s advisor Justin Sun, the founder of Tron, told the South China Morning Post that the layoff reports were untrue. A Huobi spokesperson later confirmed that the staff cuts
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The privacy regulator said Meta should be ordered to pay the fine as its advertising and data handling practices violate the EU privacy laws.The Data Protection Commission (DPC) has slapped Meta Platforms Ireland Limited (NASDAQ: META) with two fines totaling about $414 million for breaching EU privacy laws. The Irish
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"Today Coinbase and NYDFS have come to an agreement to settle a NYDFS investigation, disclosed in our 2021 annual 10K filing, into our historical compliance program," wrote Paul Grewal, Coinbase's Chief Legal Officer, in an email to CoinDesk. "Coinbase has taken substantial measures to address these historical shortcomings and remains
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The CEO of Ripple recently suggested that Wells Fargo did not receive the ‘FTX treatment’ despite exploiting its customers. Ripple CEO Brad Garlinghouse recently likened the recent Wells Fargo fund management fiasco to the collapse of FTX. However, Garlinghouse disapproved of what he perceived as a hypocritical reaction to Wells Fargo’s case. According to the Ripple CEO, the
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As the financial health of Binance grows more uncertain, CEO "CZ" has offered nothing but red flags, says Genevieve Roch-Decter (CFA), the CEO of GRIT Capital. Source
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Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), isn’t waiting for new powers from Congress in order to enforce securities laws against crypto companies, though he said Wednesday that it would be good to have more money and additional reach beyond U.S. borders. Original Source
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The reality is that blockchain technology can still deliver substantial benefits, particularly within the fine arts. And for those who have been paying attention, 2022 has been a year of incredible normalization for nonfungible tokens (NFTs). Simply put, major institutions across various sectors have dipped their toes into Web3. In
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Blockchain gaming company Gala Games urged its community for calm after misplaced fears of a multi-billion dollar rug pull or hack caused the GALA token to temporarily crash 25.6%.The initial panic, which Gala Games later implied was unfounded, came after a single wallet address appeared to mint over $2 billion
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The UK Information Commissioner has agreed to reduce the £500,000 Monetary Penalty Notice (MPN) imposed on the Cabinet Office in 2021 in relation to the New Year Honours data breach to £50,000, which the Cabinet Office has agreed
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