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“As such, the fact that a CCP [Chinese Communist Party]-sponsored APT [advanced persistent threat] actor was able to access Treasury’s information systems is unacceptable and raises serious questions about the protocols for safeguarding sensitive federal government information from future cybersecurity incidents,” the lawmakers added.
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The regulator said it only approved four out of 35 applications for cryptocurrency firm registration in the past year, with 15 applications withdrawn and nine rejected.
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“Over 87% of crypto registrations were withdrawn, rejected or refused for weak money laundering controls,” the FCA said in its 2024 annual report issued on Sept. 5.
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Copper’s FCA license withdrawal comes soon after the FCA reported that nearly 90% of crypto license applicants failed to meet its standards as of September 2024.
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Since adopting its Bitcoin strategy in 2020, MicroStrategy’s stock price has rallied by roughly 2,500%. The company’s strategy paid off in droves after Bitcoin’s price crossed $100,000 for the first time earlier this month.
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Yoon’s sudden declaration on live television on Tuesday sent reverberations across the global stage, prompting a response from the White House that it was “seriously concerned about the developments we are seeing on the ground in the R.O.K.”
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“I will accept National Assembly’s request and lift it,” Yoon said, as reported by The Washington Post. Under South Korean law, the government must lift martial law if the majority of parliament demands it in a vote.
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The declaration was lifted around 4:30 am local time during a Cabinet meeting, per local reports. About 190 lawmakers in the country’s 300-member parliament voted to reject the martial law order.
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the cryptocurrency market regained some footing after South Korea’s President Yoon Suk Yeol withdrew his declaration of martial law less than six hours after imposing it.
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Data from SoSoValue shows the spot ETFs registering a $3.38 billion inflow from Nov. 21 to Nov. 25, and barring a $138 million outflow last week, the month of December started with three consecutive days of inflows above the $100 million level.
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A factor that has become easy to take for granted is a consistently robust appetite from the spot Bitcoin ETFs, where inflows have remained strong.
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Also, there are rumors that news may emerge about a possible United States strategic Bitcoin reserve, as well as an announcement from a Middle East country that is building a similar reserve.
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Another potentially bullish development for Bitcoin price will take place on Dec. 10, when Microsoft shareholders vote on whether to add BTC to the company’s balance sheet.
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On the same day, listed Bitcoin miner Mara announced an $800 million proposed private offering of convertible notes, the proceeds of which would be used to purchase more BTC.
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Beyond that brief blow to investor sentiment, multiple developments that the market deemed bullish either occurred or were pending. On Dec. 2, MicroStrategy announced purchasing 15,400 Bitcoin for $1.5 billion at $95,976 per BTC.
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During the US session on Dec. 3, Bitcoin’s intra-day low appeared to have been exacerbated by South Korean President Yoon Suk Yeol briefly declaring martial law before retracting the decree hours later. On Korean exchange Upbit, Bitcoin dropped under $65,000 due to a lack of liquidity, while it traded close to $95,000 on Binance.
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After an unprecedented parabolic $26,000 gain in November that neared what some traders deem a psychological hurdle of the $100,000 mark, a period of consolidation when BTC can build some market structure in terms of a defined range with clear support and resistance levels would be a healthy next step.
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Bitcoin’s price correction extended into a second day as BTC briefly slipped below $93,600 on Dec. 3, but data suggests that an assortment of market participants are keen to buy the dips.
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The US Department of Justice did not immediately respond to a request for comment.
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In 2002 and 2003, he spent 10 months in federal prison in the US for selling explosives on eBay.
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