marketcrash
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cryptocurrency
01/24/2022
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By Ramon Tomey
Russia plans to ban crypto mining and trading – regulator report
Russia’s financial regulator has proposed a ban on cryptocurrency-related activities such as trading and mining in the country. To back this proposal, it released a report outlining crypto’s potential use for criminal activity and the high energy requirement of crypto mining. The Central Bank of Russia (CBR) publicized its crypto report on Jan. 20, via […]
01/23/2022
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By JD Heyes
More cryptocurrency fraud? Bitcoin slides as shares of MicroStrategy slip and SEC rejects company’s accounting methods
Several cryptocurrency analysts once again suspected fraud in the industry after shares of MicroStrategy fell nearly 18 percent on Friday following a decision by the U.S. Securities and Exchange Commission to reject the firm’s bitcoin accounting methods. The business intelligence software firm’s stock was already declining in value along with the price of bitcoin, which […]
01/07/2022
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By Ramon Tomey
Kosovo BANS crypto mining in order to save energy during power shortage
The southeastern European nation of Kosovo imposed a ban on cryptocurrency mining to reduce its energy consumption. The ban enacted Jan. 4 came amid the former Yugoslavian territory facing its worst power shortage in decades. In a statement, Kosovar Economy and Energy Minister Artane Rizvanolli said: “All law enforcement agencies will stop the production of […]
01/07/2022
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By Mary Villareal
Google reveals 972 percent increase in searches for “sell ethereum” as crypto value plunges
Google search analysis reveals that online searches for “Sell Ethereum” increased by 972 percent in the United Kingdom on January 6th as the value of the cryptocurrency dipped below $3,400. The big drop followed the release of minutes from the Federal Reserve Board’s meeting in December, which signaled that the bank will begin slowing down […]
01/04/2022
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By Ethan Huff
Hundreds of Salvadorians say Bitcoin has vanished from their government-issued centralized “Chivo” wallets
It is being reported that hundreds of people in El Salvador are unable to access Bitcoin in their centralized, government-issued “Chivo” Wallets. The unconfirmed reports are circulating on Twitter, where numerous users say that their non-private wallets have been tampered with by government officials. “This is what happens when you let corrupt and greedy politicians have full […]
01/03/2022
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By Kevin Hughes
Bank of Mexico to launch digital currency by 2024
The Bank of Mexico plans to establish its own digital currency in circulation by 2024 to adopt the latest payments technology and incite financial formation in an economy that relies mostly on cash transactions. Mexico’s central bank under the administration of President Andres Manuel Lopez Obrador tweeted on Dec. 30 that it is important “to use these […]
12/30/2021
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By News Editors
COINGEEK: Crypto crime cartel: FTX, Sam Bankman-Fried, Tether and Solana
Sam Bankman-Fried is the co-founder of FTX, a cryptocurrency exchange which Forbes says currently accounts for 10% of all digital asset derivative trading each month. He also runs Alameda Research, a trading company raking in more than a billion dollars in profit a year and is invested in countless more digital asset companies—some more publicly than others. […]
12/28/2021
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By JD Heyes
Regulators threaten stablecoin actions if Congress fails to act, warning that stablecoin claims may not be backed up by actual deposits
A noted group of financial regulators has said it will move against stablecoins if lawmakers won’t pass a broad measure to rein in the tokens, in what is seen as the latest sign that the Biden regime wants to intervene in cryptocurrencies under the guise that they are a threat to the global financial order. […]
12/21/2021
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By Ethan Huff
Class-action lawsuit accuses Tether stablecoin company of “unlawful and deceptive” practices
A new complaint has been filed against leading stablecoin issuer Tether over its alleged “unlawful and deceptive” practices. The class-action lawsuit, filed in the District Court of Southern New York, says that Tether is engaged in “immoral, unethical, oppressive, and unscrupulous” business practices. Plaintiffs Matthew Anderson and Shawn Dolika say that Tether is lying about […]
12/14/2021
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By Mary Villareal
DeSantis wants State of Florida to accept cryptocurrency payments for state fees
Florida Governor Ron DeSantis unveiled a proposal that allows businesses the option to pay state fees with cryptocurrencies as part of the state budget for 2022. Speaking in Tallahassee, DeSantis said that the state would be launching pilot programs to explore the use of blockchain technology for Medicaid payments and vehicle titles. The latter will […]
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