Binance Warns of Fake Tokens Exploiting Its Name

November 21, 2024 Bitcoin.com

Binance

Cryptocurrency exchange Binance warned its community on Monday about a surge in fraudulent tokens falsely claiming affiliation with the platform, spreading across social media. The company emphasized that these tokens are neither endorsed nor authorized by Binance, potentially exposing users to scams and financial harm. “Please remember to verify information through our official channels. Be […]

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13 Regions Face Crypto Mining Ban Under Russia’s New Energy Policies

November 20, 2024 Bitcoin.com

bitcoin.com

Russia’s governmental commission on electricity development approved cryptocurrency mining restrictions on Monday, set to take effect on Dec. 1 with subsequent enforcement covering Nov. 15 to March 15 annually through 2031. Deputy Energy Minister Yevgeny Grabchak confirmed the decision, which targets 13 regions, including Irkutsk, Buryatia, and Transbaikal, excluding Moscow. The extended enforcement periods were […]

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Grayscale’s Bitcoin and Ethereum Mini ETFs See Share Prices Multiply

November 20, 2024 Bitcoin.com

bitcoin.com

Grayscale Investments has finalized reverse share splits for its Bitcoin Mini Trust ETF (BTC) and Ethereum Mini Trust ETF (ETH), effective Nov. 19, 2024. These splits adjust share prices relative to their net asset values, with BTC shares increasing fivefold and ETH shares rising tenfold, while reducing the number of outstanding shares proportionally. Fractional shares […]

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Goldman Sachs Unveils Plan for Independent Digital Asset Platform to Reshape Markets

November 19, 2024 Bitcoin.com

bitcoin.com

Goldman Sachs is planning to spin off its digital assets platform into an independent company, aiming to enable large financial firms to create, trade, and settle instruments via blockchain. Mathew McDermott, Goldman’s global head of digital assets, revealed that the initiative is in early stages, with a spin-out goal set within 12 to 18 months, […]

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DOJ’s Crypto Enforcement Cracks Down on $73M Laundering Scheme

November 17, 2024 Bitcoin.com

DOJ’s Crypto Enforcement Cracks Down on M Laundering Scheme

bitcoin.com

The U.S. Department of Justice (DOJ) announced Tuesday that Daren Li, a dual citizen of China and St. Kitts and Nevis, has pleaded guilty to conspiracy to commit money laundering, admitting to laundering over $73 million from cryptocurrency investment scams. Li, 41, operated through a network of shell companies, international bank accounts, and cryptocurrency, specifically […]

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Hong Kong Exposes Crypto Firms Misrepresenting as Licensed Banks

November 16, 2024 Bitcoin.com

bitcoin.com

The Hong Kong Monetary Authority (HKMA) has issued a warning about the misuse of the term “bank” by overseas crypto firms operating in Hong Kong, cautioning the public to verify the legitimacy of such claims. The HKMA observed that two crypto firms, which are not licensed banks in Hong Kong, misrepresented themselves — one by […]

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Russia’s Massive Leap: Digital Financial Market Eyes Trillion-Ruble Milestone

November 16, 2024 Bitcoin.com

bitcoin.com

Russia’s issuance of digital financial assets could reach 10 trillion rubles (approximately $101.36 billion) by 2026, according to Sberbank Deputy Chairman Anatoly Popov. Speaking in Moscow, Popov noted that the current market volume for digital financial assets in Russia has already surpassed half a trillion rubles in 2024, reflecting significant growth. He projected that this […]

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Norway’s CBDC Timeline Clouded by Expert Committee’s Bold Advice

November 16, 2024 Bitcoin.com

bitcoin.com

A Norwegian expert committee advising lawmakers has recommended no immediate need to adopt a central bank digital currency (CBDC). Despite the declining use of cash, which dropped to just 2% of transactions at physical points of sale during the pandemic, the committee emphasized cash’s importance for secure and inclusive payments. It advised starting work on […]

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JPMorgan CEO Excluded From Trump’s Visionary Administration

November 16, 2024 Bitcoin.com

bitcoin.com

U.S. President-elect Donald Trump has announced that JPMorgan Chase CEO Jamie Dimon, a vocal crypto critic, will not be invited to join his administration. Trump wrote on his social media platform Truth Social on Thursday: “I respect Jamie Dimon, of JPMorgan Chase, greatly, but he will not be invited to be a part of the […]

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Prosecutors Ease Off: Crypto Crimes Lose Spotlight in Manhattan

November 16, 2024 Bitcoin.com

bitcoin.com

The U.S. Attorney’s Office in Manhattan will scale back its focus on cryptocurrency crimes after securing high-profile convictions, including FTX founder Sam Bankman-Fried (SBF), according to Scott Hartman, co-chief of the securities and commodities task force at the Southern District of New York (SDNY). Hartman noted that while crypto cases will not be ignored, fewer […]

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