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US President Donald Trump has moved to cull the SEC’s regulatory oversight of the crypto space, looking to make good on one of his campaign promises. The agency launched a Crypto Task Force last month to create a framework for digital assets.
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Former Terraform CEO Do Kwon blamed Citadel Securities for intentionally shorting the TerraClassicUSD (USTC) stablecoin to the point that it lost its peg in May 2022, with Kwon arguing that the stablecoin’s collapse wasn’t a result of instability in its algorithm.
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Citadel Securities even struck a partnership with Terraform Labs before it collapsed.
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Securities regulators had been investigating Robinhood’s cryptocurrency operations for the better part of a year. As Cointelegraph reported, Robinhood’s US-based crypto business was subject to an SEC Wells notice on May 4, 2024. At the time, the SEC made a “preliminary determination” to recommend enforcement actions tied to alleged securities violations.
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https://warpcast.com/rubyw7137/0xcb25b7c6
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https://warpcast.com/rubyw7137/0xfd722209
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On Feb. 17, World, formerly known as Worldcoin, said that the Philippines was a country “fueled by a young, digitally savvy population and an emerging middle class eager to adopt new technologies and financial solutions.”
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Financial and identity network World has announced it is now available in the Philippines, starting with Orb verifications near the capital, Manila.
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This pattern of trade has raised concerns about potential market manipulation as the TRUMP memecoin continues to dominate headlines.
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Onchain data reveals that the wallet purchased $5.9 million worth of TRUMP tokens in the first minute of its launch and later sold $20 million while retaining $96 million in tokens. TRUMP tokens were then routed through a wallet and distributed to 10 other wallets, now actively selling on Solana decentralized exchanges (DEXs).
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On Jan. 18, Bubblemaps, an onchain analytics firm, investigated a crypto wallet funded with $1 million four hours before the TRUMP token’s launch.
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Pollak said Coinbase has “no concrete plans right now” and is in “an exploratory phase” as the exchange works to understand how to navigate US regulations.
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“Alongside the return of USD, we are committed to cementing our reputation as the best crypto platform for low fees and high rewards,” he added.
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Binance.US is “closer than ever” to restoring USD services and targets achieving this milestone in early 2025, Reed said in a blog post on Dec. 18.
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Binance.US, the United States-based arm of global cryptocurrency exchange Binance, plans to resume US dollar services early next year, according to interim CEO Norman Reed.
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The risk concerns over crypto holders are a new phenomenon that the Skattelister couldn’t anticipate when it was established centuries ago. The breach of an individual’s financial privacy is an ongoing national debate; however, the risks involved for crypto holders are all too apparent. Until they are addressed, crypto holders may want to follow some security tips to protect their crypto.
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To combat the practice, since 2014, Norway has made searches of the tax records non-anonymous, which seems to have successfully leveraged social norms to discourage unintended uses of the data, such as snooping on friends.
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“During the busiest week of the year, these websites were more popular than YouTube [...] This behavior became so pervasive that the Norwegian media dubbed it ‘tax porn,’” noted the study.
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With the available data, users could create leaderboards showing the highest and lowest earners among their Facebook friends or maps showing the incomes of everyone living around a specific location.
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When the list was set online, every Norwegian was one click away from finding everyone else’s income in the country. While the legitimate goals of uncovering corruption or tax evasion remain, it also turned into a website to snoop on friends, relatives and social contacts.
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