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russian-founders-of-defi-platform-forsage-indicted-in-$340-million-crypto-ponzi-scheme

Russian Founders of Defi Platform Forsage Indicted in $340 Million Crypto Ponzi Scheme

Leave a Comment / Bitcoin, charged, Charges, Crypto, Crypto Hacked, crypto pyramid, Cryptocurrencies, Cryptocurrency, defrauded, Ethereum, Forsage, Fraud, indicted, indictment, investment, investment scheme, Investors, News, Ponzi Scheme, Pyramid Scheme, russian, russians, Victims, Wire Fraud / / / , , , , , , , , , , , , , , , , , , , ,

Four Russians have been charged in the U.S. with operating a crypto pyramid and Ponzi scheme that defrauded investors of millions of dollars. If convicted, they would face a maximum penalty of 20 years in prison for their roles in the purportedly decentralized finance (defi) platform Forsage. Forsage Founders Charged With Running Cryptocurrency Pyramid A […]

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bis-general-manager-casts-doubt-on-stablecoins,-claiming-tokens-do-not-benefit-from-regulations-or-central-planning

BIS General Manager Casts Doubt on Stablecoins, Claiming Tokens Do Not Benefit From Regulations or Central Planning

Leave a Comment / Agustin Carstens, Bank for International Settlements, BIS, Bitcoin, Bloomberg News, central bank digital currencies, Central Banks, Consumers, credibility, crypto assets, crypto economy, Crypto Hacked, Cryptocurrencies, Cryptocurrency, Ethereum, Euro, fiat currencies, Financial Incumbents, fragmentation, future of money, Innovation, institutional arrangements, Investors, legal infrastructure, lender-of-last-resort, Monetary Authority of Singapore, national currencies, News, pound, regulatory protections, safe money, singleness of money, social conventions, Stable Cryptos, stable money, Stablecoins, trusted money, unity of money, yen / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

According to Agustin Carstens, the head of the Bank for International Settlements (BIS), cryptocurrencies have lost the “battle” against fiat currencies issued by the world’s central banks. While speaking at the Monetary Authority of Singapore on Wednesday, Carstens stressed that stablecoins are not reliable because they lack the “institutional arrangements and social conventions behind them.”

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nba-hall-of-famer-paul-pierce-charged-by-sec-for-touting-emax-tokens

NBA Hall of Famer Paul Pierce Charged by SEC for Touting EMAX Tokens

Leave a Comment / anti-touting, antifraud, Bitcoin, Blockchain, celebrity, Charges, Crypto, crypto assets, Crypto Hacked, Cryptocurrency, Disclosure, earn-programs, Emax, EMAX project, Emax promotion case, endorsements, Enforcement, Ethereum, EthereumMax, federal law, Gary Gensler, influencer, investment, Investors, Kim Kardashian, News, Paul Pierce, penalties, Regulation, reminder, Research, SEC, Securities, Settlement, Socialite, Stablecoins, staking services, Warning / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

The U.S. Securities and Exchange Commission (SEC) has charged Basketball Hall of Famer Paul Pierce for touting EMAX tokens and making misleading comments about unregistered crypto securities. The former Boston Celtics small forward agreed to settle the charges and pay the SEC $1.409 million. SEC Chair Gary Gensler Wants to Remind Celebrities of Disclosure Laws

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us-inflation-remains-higher-than-expected,-raising-concerns-among-investors

US Inflation Remains Higher Than Expected, Raising Concerns Among Investors

Leave a Comment / Biden Inflation, Bitcoin, Central Bank, consumer price index, consumer spending, CPI, CPI report, CPI report January, Crypto Hacked, Cryptocurrencies, Cryptocurrency, disinflationary process, Economics, Economy, Ethereum, Federal Funds Rate, Federal Open Market Committee, Federal Reserve, Financial Markets, FOMC, Food, Global Economy, gold, inflation, Inflation Rates, interest rates, Investors, jerome powell, Joe Biden, Markets, Monetary Policy, natural gas, Precious Metals, Price Increase, shelter, silver, stocks, trading, U.S. Labor Department, US Dollar, Wall Street / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

U.S. inflation levels dropped slightly in January, sliding from 6.5% to 6.4%. However, inflation remains higher than expected, causing concern among investors that the U.S. central bank will continue to hike the benchmark federal funds rate. Inflation in the US Remains High, Causing Uncertainty in Markets Inflation in the United States exceeded expectations among analysts

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Market Strategist Warns of ‘Blood’ on February 1 Ahead of Fed Meeting

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Stocks, precious metals, and cryptocurrencies rallied during the first month of the year, and market strategists are saying that markets could retract in the near future if the U.S. Federal Reserve keeps hiking rates and maintaining a broader tightening policy. In three days, on Feb. 1, 2023, the Federal Open Market Committee (FOMC) is set

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matrixport-joins-growing-list-of-crypto-and-blockchain-companies-letting-employees-go

Matrixport Joins Growing List of Crypto and Blockchain Companies Letting Employees Go

Leave a Comment / Amazon, Bitcoin, Bitmain, blockchain companies, ceo, Coinbase, Crypto Hacked, Crypto Winter, Cryptocurrency, downsizing, Ethereum, Financing, Friday, Gemini, Google, Huobi, industry-wide capitulations, investor relations, Investors, Jihan Wu, job loss, layoffs, marketing department, Matrix Asset Management, Matrixport, Meta, Microsoft, News, personnel reduction, reduction in headcount, reduction in personnel, regulatory climate, Reports, staff, staff cuts, staff trimming, Superrare, workforce reduction / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

The crypto firm Matrixport, led by former Bitmain CEO Jihan Wu, is laying off 10% of the company’s staff, according to reports published on Friday. Matrixport’s COO, Cynthia Wu, cited a “shift in the regulatory climate” and “industry-wide capitulations” as reasons for the layoffs. Matrixport Lays Off 10% of Staff as Crypto Winter Continues Jihan

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crypto-regulation-is-like-a-flimsy-umbrella-in-a-monsoon

Crypto Regulation Is Like a Flimsy Umbrella in a Monsoon

Leave a Comment / Bitcoin, business model, Centralized Exchanges, Compliance, control, Crypto, Crypto Hacked, crypto world, crypto-custody, Cryptocurrency, custodial wallets, Customers, Decentralized, Ethereum, ethical business, funds protection, Government, Hacking, investment, Investors, Joseph Collement, legal, non-custodial wallets, Op-Ed, Opinion article, Opinion Editorial, product development, Regulation, Regulations, regulatory climate, Reputation, Responsibility, revenue, safety, Security, Self-custody, stockbroker, trust, user-controlled, Wild West / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

You know what they say, “when life gives you lemons, make lemonade.” But when it comes to protecting your crypto funds on centralized exchanges (CEXes), the old adage should be “when life gives you regulations, make a self-custody wallet.” Self-custody is undoubtedly a better solution for protecting the interests of customers in crypto. Regulation alone

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Report: Egyptian Pound Reaches New Low Against US Dollar Despite Flexible Exchange Rate Regime

Leave a Comment / Abu Dhabi Commercial Bank, Africa, Analysts, Bitcoin, Crypto Hacked, Cryptocurrency, depreciation, Dollar, Egypt, egyptian pound, Ethereum, Exchange rate, Farouk Soussa, Flexible exchange rate, IMF, International Monetary Fund, Investors, Monica Malik, pound, regime, US Dollar / / / , , , , , , , , , , , , , , , ,

The exchange rate of the Egyptian pound versus the U.S. dollar fell to a new low on Jan. 11 after it tapped 32.14 per greenback. The currency’s latest significant depreciation came just a few months after it adopted a flexible exchange rate regime. According to the International Monetary Fund, the monetary authorities in Egypt have

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hungarians-interested-in-investment-potential-of-cryptocurrencies,-poll-shows

Hungarians Interested in Investment Potential of Cryptocurrencies, Poll Shows

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A survey has indicated that Hungarians would like to learn more about the long-term investment opportunities presented by cryptocurrencies. However, associated risks and insufficient information in their native language are major concerns, according to the polled. Hungarians Want to Know How Crypto Profits Are Taxed and What Rules Apply to Such Investments With increased global

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bitconnect-victims-to-receive-over-$17-million-in-restitution-from-ponzi-scheme

Bitconnect Victims to Receive Over $17 Million in Restitution From Ponzi Scheme

Leave a Comment / Bitcoin, BitConnect, Court, Crypto, Crypto Hacked, crypto pyramid, Cryptocurrencies, Cryptocurrency, DOJ, Ethereum, Fraud, Investors, News, Ponzi Scheme, Pyramid, Pyramid Scheme, Restitution, Scam, U.S., US, Victims / / / , , , , , , , , , , , , , , , , ,

More than $17 million in restitution will be distributed among investors in the pyramid scheme Bitconnect under a court order in the United States. The notorious crypto investment scheme defrauded thousands of people around the world. Bitconnect Investors From Dozens of Countries to Be Paid Back Millions of US Dollars A total of over $17

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