InQubeta surges as a game changer, becoming the first AI startup crowdfunding platform, raising $900,000+ in presale. Key Points Amidst the recent upturn in the broader crypto market, which saw Ethereum and Polkadot trade in uptrends, InQubeta emerges as a game changer, with its growth surpassing that of the aforementioned tokens. Steady growth with @Inqubetahq 🔥 #web3 #ai #invest pic.twitter.com/n7UAHIfKYy …
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Crypto firms experienced a decline in fundraising during Q2 2021, but industry executives remain optimistic about the long-term prospects. Key Points According to data from RootData, a crypto data provider, the second quarter of last year witnessed the lowest amount of funds raised by crypto firms since the tracking of data began in Q3 2021. The numbers show that $2.17 …
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The Russian finance ministry has proposed a ban on cryptocurrency circulation, except for stablecoin issuers and miners. Key Points The Russian finance ministry has reportedly proposed a ban on the circulation of cryptocurrency in the nation, with exceptions for stablecoin issuers and crypto miners. The proposals are believed to be included in the much-awaited crypto mining legalization bill that has …
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Lawmakers in Brazil summon heads of major cryptocurrency exchanges and experts to investigate crypto scams and seek measures to protect investors. Key Points Lawmakers in Brazil have issued summons to the heads of major cryptocurrency exchanges, in an effort to gain a better understanding of crypto and how crypto-themed pyramid schemes operate. The Parliamentary Commission for “Cryptocurrency-Based Financial Pyramid Schemes” …
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Cryptocurrency has revolutionized the way we think about finance and transactions, but its rapid growth has raised concerns about its environmental impact, particularly its energy consumption. As the world strives to transition towards cleaner and more sustainable energy sources, the surge in cryptocurrency mining operations has become a topic of significant debate. This article delves into the effects of cryptocurrency …
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Crypto analyst casts doubt on the effectiveness of a popular Bitcoin trading strategy, while BTC’s price sees a slight gain and trading volume increases. Key Points Crypto analyst PlanB has raised doubts about the effectiveness of a popular Bitcoin (BTC) trading strategy that involves purchasing BTC six months before the halving and selling it 18 months after the halving. This …
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Bitcoin SV (BSV) sees a significant price surge and increased trading volume, raising suspicions of whale involvement. Key Points Bitcoin SV (BSV) has experienced a significant surge in price, increasing by 30% and reaching a trading volume of $400 million. This sudden boost in price has raised suspicions about the involvement of large investors, commonly known as whales, in the …
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Former NYSE broker Michael Ackerman has been ordered to pay $54 million in penalties for running a cryptocurrency fraud scheme, defrauding investors and misusing funds. Key Points A federal court has ruled that former New York Stock Exchange (NYSE) broker Michael Ackerman must pay $54 million in penalties for running a cryptocurrency fraud scheme, according to a press release from …
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Russia’s Supreme Court has ruled that Bitcoin-to-fiat trades by criminals can be considered money laundering, setting a legal precedent for future cases involving virtual assets. Important Points In a significant ruling, Russia’s Supreme Court has determined that Bitcoin-to-fiat trades conducted by criminals can be classified as money laundering. The court made this judgement in a case involving a citizen who …
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Argentina’s top financial regulator pushes for adoption of FATF crypto regulations to secure IMF package, potentially integrating them into upcoming money laundering legislation. Key Points Argentina’s top financial regulator, Sebastián Negri, has expressed a need for the adoption of crypto regulations in line with the guidelines provided by the Financial Action Task Force (FATF), the international money laundering and terrorist …
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