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Cryptocurrency exchange Uphold has relaunched staking services in the US, citing a shift in regulatory policies and a more favorable stance toward digital assets.
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Durbin’s proposed legislation would require crypto ATM operators to warn users of scams to prevent fraud. Additionally, it will introduce measures to minimize loss of funds and empower law enforcement with tools to track illicit transactions.
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Currently, 37,226 cryptocurrency ATMs are active globally. The growth of the crypto ATM ecosystem has stagnated since mid-2022 owing to evolving regulations and crackdowns on unregistered businesses.
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Coinbase, led by its chief legal officer Paul Grewal, had strongly opposed the lawsuit from the onset, characterizing it as a regulatory overreach while also slamming the commission for filing a suit after approving the company’s public listing on the Nasdaq stock exchange in April 2021.
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The integration with Transak is intended to streamline transactions by removing unnecessary conversion steps that previously complicated the withdrawal process.
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The world of memecoins, once known for its chaotic fun and high-risk potential, has recently been shaken by the LIBRA scandal — an incident that may just be the wake-up call the crypto market needs.
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https://warpcast.com/darcyon3/0x800238ba
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https://warpcast.com/ellalo4bel/0x4e37ed80
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https://warpcast.com/charl3mmm/0x1db0fa6e
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Adding to the controversy, some members of the decentralized exchange Jupiter were reportedly aware of the token’s imminent launch weeks before it hit the market.
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The token’s collapse dealt another blow to investor confidence after eight insider wallets cashed out $107 million in liquidity, leading to a $4 billion market cap wipeout within hours.
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The launch of the Libra (LIBRA) token, endorsed by Argentine President Javier Milei, was widely known among memecoin insiders as much as two weeks before its dramatic rise and fall, according to Jupiter Exchange.
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However, he alleges that FDIC limited “their search for pause letters to only those contained in the report — so other pause letters may exist.”
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Paul Grewal, Coinbase’s chief legal officer, said in a Jan. 16 statement posted on X that the suit asked for all pause letters that the Office of Inspector General identified.
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The 25 FDIC letters that were shared seemingly advised financial institutions to halt their crypto operations until the agency completed regulatory reviews as part of what the crypto industry believes was a concerted effort to cut off crypto-related firms from banking services dubbed “Operation Chokepoint 2.0.”
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Management consulting firm Gallup surveyed up to 100,000 people registered in its multimode panel between Dec. 4-15, almost a full month after Republican Donald Trump won the US presidential election.
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Two-thirds of Americans expect the stock market to gain in 2025, but about the same portion of people expect more political conflict within the US and international discord, a survey shows.
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In contrast, Singapore’s closest competitor, Hong Kong, has a total of seven fully licensed crypto exchanges operating in the country.
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PlanB, creator of the popular stock-to-flow model, predicts Bitcoin’s average price to reach $500,000 in 2025, with potential highs of $1 million. Perianne Boring, founder of The Digital Chamber, echoed this optimism, citing the stock-to-flow model and the possibility of pro-crypto policies under Donald Trump.
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Bitcoin could hit $800,000 by the end of 2025, according to analysts’ projections based on its capped supply and favorable policy outlook.
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