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The change in legal leadership for Tether comes amid the implementation of MiCA in Europe, which officially took effect on Dec. 30.
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According to the ARK Investment CEO, Trump’s administration will likely create a more business-friendly environment, benefiting venture-backed startups seeking acquisition opportunities.
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“With the assistance of an independent cybersecurity team, we are conducting a forensic investigation to determine the cause and the scope of the incident,” Byte Federal said, adding that a legal investigation is ongoing.
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The platform also updated its internal passwords, password management system, tokens and keys to prevent any further unauthorized access.
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Following the breach, Byte Federal performed a hard reset on all customer accounts, sending a notice of the incident.
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The price of Bitcoin reached $100,000 for the first time in history, marking a milestone for the cryptocurrency market after a year of significant growth.
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Today was a day to remember for the entire crypto community as Bitcoin smashed through the milestone price of $100,000 for the first time in its storied 16-year history, viral influencer Haliey Welch has courted controversy following the launch of her memecoin Hawk Tuah (HAWK), which plummeted more than 90% in four hours, and United States President-elect Donald Trump nominated a pro-crypto replacement for outgoing Chair Gary Gensler at the Securities and Exchange Commission (SEC).
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Will that finally change the minds of mainstream media’s opinion writers? History says probably not.
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Many industry pundits tip Bitcoin to notch its next $100,000 far quicker than the first $100,000 was reached.
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“Money is just the reasonably trusted store of value that moves production between buyer, seller, lender, and borrower,” so why would a “Bitcoin cheerleader” use Bitcoin as a medium of exchange when they think it’s going up, Tamny pondered in a Nov. 17 Forbes article.
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Forbes contributing writer John Tamny noted that a continued rise in Bitcoin’s price would make it impossible for it to become a widely used currency as Satoshi initially envisioned.
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Fast-forward nearly 10 months, inflows into the Bitcoin ETFs excluding GBTC are $47 billion, contributing significantly to Bitcoin’s meteoric price rise from around $46,200 to now over $100,000.
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These remarks were made around the time when BlackRock’s iShares Bitcoin Trust was recording more inflows than 99.8% of ETFs in the US — far exceeding industry expectations.
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The Economist also claimed the Bitcoin ETFs were “off to a bad start” three weeks later when Bitcoin retraced to $42,500, and outflows from Grayscale’s Bitcoin Trust ETF (GBTC) were running rampant.
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CNN said those considering jumping on the “bandwagon” should understand they would be investing in an asset that has a “new wrapper” but carries “many of the same risks” — like market manipulation and volatility.
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Ripple CEO Brad Garlinghouse confirmed the contribution in a Nov. 26 social media post, where he said Fairshake intends to push “pro-crypto, pro-growth and pro-innovation candidates” in future elections.
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Blockchain payment services firm Ripple has announced another $25 million contribution to the Fairshake political action committee, also known as a PAC.
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The appeals court panel said that while the Treasury has the power to take action against “property,” Tornado Cash’s immutable smart contracts were not property under the International Emergency Economic Powers Act (IEEPA) as they can not be controlled or owned.
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In a Nov. 26 legal opinion, a Fifth Circuit Appeals Court’s three-judge panel said the Office of Foreign Assets Control (OFAC) exceeded its authority in sanctioning Tornado Cash’s immutable smart contracts — reversing a lower court’s decision and granting the platform’s users a partial summary judgment.
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Tornado Cash users have scored a major victory in a United States appeals court after a three-judge panel found the Treasury’s sanctions against the crypto mixer’s immutable smart contracts were unlawful.
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