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Regulators also identified serious deficiencies in Upbit’s customer verification processes, such as accepting photocopied ID cards instead of originals and approving submissions with key identification details obscured.
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Tether’s competitors are working to push the world’s largest stablecoin issuer out of the crypto market, according to the company’s CEO, Paolo Ardoino.
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After the token’s collapse on Feb. 15, Milei issued a statement on X, noting that he was not aware of the details of the project when he endorsed it and that he has “no connection whatsoever” with the “private enterprise” that launched the token.
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https://warpcast.com/isabe4olria/0x4128f71c
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https://warpcast.com/isabe4olria/0x4128f71c
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A bill to provide a framework for taxing crypto transactions and introducing other taxes is currently before lawmakers, with expectations that it will be adopted this quarter. The Nigerian legislature, called the National Assembly, reconvened for its 2025 legislative session on Jan. 14, 2025.
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In Stark’s estimation, the same outcome awaits the SEC’s case against crypto exchange Binance. He cited a joint motion submitted on Feb. 11 where both parties argued that the SEC’s Crypto Task Force “may impact and facilitate the potential resolution of this case.”
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Trump’s order created a crypto working group led by White House AI and crypto czar David Sacks to come up with a legal framework for crypto and stablecoins, along with studying the possible creation of a national crypto stockpile.
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A judge will be assigned to the case, or it will be referred to a prosecutor for further investigation on Feb. 17, according to the Associated Press report.
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Opposition lawmaker Leandro Santoro told Reuters he would be launching a request to impeach the president.
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Today in crypto, FTX is set to begin repaying $1.2 billion to creditors, marking a key step in the exchange’s bankruptcy proceedings, Argentine President Javier Milei made his first public statement since the disastrous Libra memecoin launch to deny any wrongdoing on his part, and the ratio of long to short positions on SOL in futures markets is tilting bearish as memecoin losses mount.
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In a Feb. 17 post on the X social media platform, Stark explained why the SEC requested a 28-day extension to answer Coinbase’s petition asking for permission to appeal.
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In other words, “Stick a fork in the SEC’s case against Coinbase, it’s done,” he said.
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Previously, President Trump has taken credit for Bitcoin’s historic run, citing his long-standing support and promotion of the cryptocurrency’s use in the US market. Still, El Salvador is already feeling tangible benefits from the rise in its price.
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“I personally believe that this year—and the years to come, but especially this one with Trump’s inauguration—will be very significant for Bitcoin and the entire ecosystem,” Bukele declared during a press conference on Jan. 14. He predicted a “likely exponential” revaluation of Bitcoin and a “friendlier ecosystem” ahead.
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Bukele has been on a mission to rebrand his small, struggling nation as a hub for cryptocurrency and tourism. In 2021, he made headlines by pioneering Bitcoin as legal tender, a bold move that placed the country at the forefront of the crypto revolution. His administration has also strategically boosted El Salvador’s Treasury reserves with regular Bitcoin purchases, which now total $650 million worth.
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California’s State Teachers Retirement System fund, which totals $69 billion in various stocks, also holds Coinbase (COIN), with 306,215 shares worth $76 million at the time of filing.
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The firm’s most recent acquisition was 7,633 BTC at the price of $97,255 per coin between Feb. 3 and Feb. 9.
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The State Board of Administration of Florida Retirement System fund holds 160,470 Strategy shares worth $46 million, while the State of Wisconsin Investment Board holds 100,957 shares worth around $29 million at the time of filing.
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The business intelligence firm and Bitcoin treasury company rebranded to Strategy and adopted a Bitcoin-themed visual marketing scheme on Feb. 5.
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