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Coinbase was sued by the SEC in June 2023 which alleged that Coinbase was never registered as a broker, national securities exchange, or clearing agency, while also alleging the crypto platform evaded disclosure requirements.
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Miners’ non-core business lines, such as chipmaking and servicing artificial intelligence models, are taking center stage after the halving eroded Bitcoin mining revenues.
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Bitdeer said the market for specialized hardware known as ASIC chips totals $4 billion–$5 billion.
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Neuner is expecting a much tamer cycle and much more protracted ones later. In his view, the four-year cryptocurrency cycle is dead. “I think the reason is because the rate of emission now is so small relative to the market capital of Bitcoin. And it’s, like, not really significant in the big scheme of things.”
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https://warpcast.com/ellabe2lla/0x33dc18ed
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https://warpcast.com/ellabe2lla/0xcad2c58e
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The Javier Milei-endorsed Libra coin is also down over 92% from its peak price of $4.56 recorded on Feb. 15, shortly before insider wallets caused a $4 billion meltdown for the coin, Dexscreener data shows.
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The Trump token is currently down over 76% from its all-time high, while the Melania coin is down over 90%, TradingView data shows.
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However, these tokens have underperformed the wider cryptocurrency market so far.
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However, the token failed to attract investor capital, amassing only $7,489 worth of market capitalization since it launched, Pump.fun data shows.
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The firm claimed that “public whistleblower allegations have surfaced” that alleged the agency “systematically thwarts FOIA requests,” which it said resulted in the FDIC failing to hand over at least 150 documents related to its FOIA request.
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These licenses may further solidify Singapore’s status as a global blockchain leader, according to Mouloukou Sanoh, co-founder and CEO of MANSA, who wrote:
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During 2023, Singapore issued four full MPI licenses to Blockchain.com, Coinbase, Crypto.com and Ripple.
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The Monetary Authority of Singapore (MAS) issued 13 Major Payment Institution Licenses for crypto exchanges in 2024, more than twice as many as in 2023, according to local media reports.
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Bitpanda’s push into Dubai underscores the city’s commitment to fostering cryptocurrency innovation through initiatives like the DMCC Crypto Centre.
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Dubai’s positioning as an emerging global home for digital finance played a critical role in Bitpanda’s strategic selection of the UAE for its foray beyond its European operations.
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These could include establishing a local office in the UAE, onboarding regional management teams and integrating compliance infrastructure that adheres to the VARA-regulated framework.
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While the announcement indicates that Bitpanda has met key compliance requirements, it still shows it needs to fulfill additional conditions before receiving full approval.
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The in-principle approval from VARA suggests Bitpanda could soon receive its UAE operational license and that it adheres to regulatory requirements and compliance benchmarks.
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Eric Demut, co-founder and CEO of Bitpanda, described Dubai as the firm’s “strategic launchpad for international expansion.”
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