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Musk sparked outrage from some MAGA Republican followers of President-elect Donald Trump on X when he came out in favor of hiring foreign tech workers at top US companies, with the conservatives arguing that hiring conditions in the US were becoming less favorable to citizens.
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Buterin’s tweet came in response to an expletive-laden X post from Musk, who was defending the rights of companies to hire immigrants to work in the United States under H-1B visas.
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In a Dec. 31 post to X, Buterin said that while he admired Musk’s willingness to fight for freedom of speech, he recommended that the Tesla CEO calm his “tone of discourse” and ease up on using the “social media banhammer” on X accounts
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Users in the country without a Coinhouse account will be expected to register and complete a full Know Your Customer (KYC) verification process to access their funds.
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French users with a verified Coinhouse account will see their assets credited shortly after Jan. 16, if their account details match their Bybit identity and details.
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Bybit said Coinhouse transfers will commence after Jan. 8, 2025, temporarily halting withdrawals during the process, which is expected to last until Jan. 16, 2025.
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The move reflects growing regulatory pressures on global crypto exchanges as legislation in many jurisdictions looks to get a tighter grip on crypto.
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The company advised affected users to withdraw their funds before the deadline to avoid complications with account access or fund transfers.
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Bybit, a global cryptocurrency exchange, said it will halt withdrawal and custody services for French users starting Jan. 8, 2025, at 8:00 am UTC, amid an increase in regulatory scrutiny by French financial authorities.
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Zurawinski said it might take some time for the country to adopt Bitcoin as a recognized means of payment. However, this doesn’t ignore the fact that the UAE is “setting up an example of how innovation should look like,” he added.
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On Oct. 18, a stablecoin issuer received an initial nod from the country’s central bank for a potential stablecoin pegged to the UAE dirham. Zurawinski said, “It just shows also the focus on the local payment method, which is basically a dirham, unlike the US dollar or Bitcoin being a legal tender.”
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Zurawinski pointed to the potential impact of dirham-pegged stablecoins, which could strengthen the UAE’s local payment infrastructure.
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In September, Bybit introduced a Shariah-compliant crypto account, catering to investors seeking alignment with Islamic law.
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Trump made firing SEC Chair Gary Gensler one of his central campaign promises to the crypto industry. After the presidential election, Gensler announced that he would step down on Jan. 20. Commissioner Jaime Lizárraga is also planning to leave the SEC on Jan. 17, leaving Crenshaw as potentially the sole remaining Democrat at the agency.
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Crenshaw, a Democrat, was initially nominated for a term expiring in June 2024, but she is allowed to continue working at the SEC until the end of 2025. With President-elect Donald Trump expected to be inaugurated on Jan. 20 and new members of Congress with a Republican majority being sworn in on Jan. 3, Democrats have a very narrow window of opportunity to confirm the SEC commissioner while they hold the Senate.
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A warm Farcaster welcome to @gillian63fi!
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A warm Farcaster welcome to @ella701tt!
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A warm Farcaster welcome to @jenny9e8s!
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A warm Farcaster welcome to @amelia6g1q!
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A warm Farcaster welcome to @arnold1ng3!
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