Tuesday, October 4, 2022
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NEXO risks 50% drop due to regulatory pressure and investor concerns

Crypto lending firm Nexo (NEXO) risks losing half of its valuation by the end of 2022 as doubts about its potential insolvency grow in the market.Is Nexo too centralized?For the unversed: eight U.S. states filed a cease-and-desist order against Nexo on Sep. 26, alleging that the firm offers unregistered securities

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Revolut Said to Be Under Pressure From Regulator Over Risk of ‘Material Misstatement’ in Auditing: Report

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a

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Crypto Exchange Upbit Publishes Token Listing, Delisting Procedure After Government Pressure

A senior executive at the exchange told CryptoX that “cryptocurrencies are no different from the products that go on the shelves at groceries or department stores,” he said, saying that clients have choices. “Not everyone shops to eat peas and carrots, the demand for desserts also exists.” Source

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Binance Froze Russian Gun Maker’s Crypto Assets, Amid Ukrainian Pressure

This explains how the Ukrainian authorities were able to block the wallets. Decentralized blockchains, such as Bitcoin and Ethereum, do not allow anyone to block or freeze any addresses or transactions. However, centralized custodial exchanges, such as Binance, Coinbase (COIN), FTX, which hold cryptocurrency on their users’ behalf, can refuse

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Bitcoin Slumps Below $20K as Long-Term Holders Face Massive Selling Pressure

●Bitcoin (BTC): $19,453 −5.5% ●Ether (ETH): $1,042 −9.1% ●S&P 500 daily close: 3,818.80 −0.9% ●Gold: $1,724 per troy ounce −0.3% ●Ten-year Treasury yield daily close: 2.96% −0.03 Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CryptoX Bitcoin Price Index (XBX); Ether is the CryptoX Ether Price Index

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