apolloma9l90

@apolloma9l90

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The crypto market surged following Donald Trump’s victory in the US presidential election, as many believe his win will benefit the industry, Cointelegraph Research said.

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Bitcoin ETFs were listed in the US in January after a lengthy tussle with regulators.

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Grayscale’s GBTC charges management fees of 2.5%. In July, the asset manager listed Grayscale Bitcoin Mini Trust (BTC) as a cheaper alternative. Its management fees are 0.15% annually.

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Mohammed Azharuddin Chhipa, a 35-year-old man from Springfield, Virginia, was convicted by a federal jury of making cryptocurrency donations to a terrorist organization, the Islamic State of Iraq and al-Sham (ISIS).

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Siu said that in Web3, UGC culture is embedded into memecoins, with their market capitalization reflecting the value of the attention they gain. “If attention was a token, that’s basically what memecoins represent. And so I think of it as correlated between them,” he said.

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In an interview with Cointelegraph, Animoca Brands Chairman Yat Siu said memecoins capture the value of user attention, unlike traditional metrics on social platforms. He added that while attention on social platforms does not transparently show the value of user-generated content (UGC), memecoins work differently.

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The memecoin and NFT project humorously responded to the FCA, saying it had “issued a warning against the UK’s financial regulator.”

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The government agency also told consumers to report unauthorized firms by contacting their official channels.

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The FCA urged citizens to deal with authorized firms. The regulator said authorized firms give greater protection to consumers when things go wrong. The financial services regulator also said that users can check their registry to ensure that the company they are dealing with is authorized in the UK.

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The regulator also noted that consumers would not be protected by the Financial Services Compensation Scheme (FSCS), a service that protects consumers when financial firms go out of business. “This means it’s unlikely you’d get your money back if the firm goes out of business,” the FCA wrote.

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According to the FCA, UK-based users who deal with the Retardio project will not have access to the Financial Ombudsman Service, which settles complaints between consumers and financial services businesses.

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The Retardio project features a Solana-based non-fungible token (NFT) collection that has reportedly achieved $31 million in lifetime sales, according to CryptoSlam. Its associated memecoin, trading under the ticker “Retardio,” is valued at around $0.08 with a market capitalization of about $87 million, as per Dexscreener.

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The watchdog reminded consumers to deal only with FCA-approved firms to ensure adequate protection.

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The House Financial Services Committee oversees and shapes policy for the entire financial services industry along with overseeing crucial regulators, including the Securities and Exchange Commission, the Federal Reserve and the Treasury.

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House Republicans must ratify Hill’s selection in a full conference vote before it is official.

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Hill beat peer Republican challengers Andy Barr, Frank Lucas and Bill Huizenga in a decision by the party’s steering committee and will take the gavel from current Chair Patrick McHenry on Jan. 3, 2025, when the 119th Congress begins.

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In July, Scott said he would support pro-crypto legislation and floated the idea of creating a subcommittee focused on crypto if he were to chair the banking committee.

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This positive view will be invalidated in the near term if the price turns down and breaks below the channel. That could accelerate selling and pull the price to $0.33.

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The upsloping 20-day EMA ($0.41) and the RSI in the positive zone indicate that the path of least resistance is to the upside. If buyers propel the price above $0.48, the likelihood of a rally above the channel’s resistance line increases. The DOGE/USDT pair could jump to $0.60.

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