The recent settlement between TrustToken and TrueCoin, the developers behind the TrueUSD (TUSD) stablecoin, and the U.S. Securities and Exchange Commission (SEC) has raised significant concerns within the cryptocurrency space. The entities agreed to a settlement involving $700,000 in penalties for allegations of fraudulent activities, particularly regarding the unregistered sales of investment contracts. This settlement
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On October 2nd, Taiwan’s Financial Supervisory Commission (FSC) announced a significant overhaul of its Anti-Money Laundering (AML) laws aimed specifically at virtual asset service providers (VASPs). This development marks a pivotal shift in Taiwan’s regulatory landscape for cryptocurrencies, reflecting an increased commitment to combat financial crime while fostering a transparent digital assets market. Commencing January
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Semilore Faleti stands out in the world of cryptocurrency journalism as a dedicated writer who has carved a niche for himself. Initially dabbling in various subjects, Semilore’s journey took a significant turn when he discovered his aptitude for dissecting the often perplexing landscape of blockchain technology and cryptocurrencies. His fascination lies not just in the
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The cybersecurity landscape for cryptocurrencies has entered a paradox in Q3 2024. While the total number of hacks has dipped to an unprecedented low, a mere 28 incidents were recorded, the financial ramifications have been staggering. In total, $463.6 million was siphoned from various projects, raising significant concerns about the overall security of the crypto
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The past week has been tumultuous for Bitcoin and Ethereum exchange-traded funds (ETFs) in the United States, marking a significant shift from a period of impressive net inflows to notable outflows. This sudden change can be partially attributed to growing geopolitical instability, particularly the escalating tensions in the Middle East. The market environment has shifted
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At the intersection of technology and finance lies a rapidly evolving sector: cryptocurrency. While traditional finance offers a sense of predictability and established norms, the digital asset landscape thrives on innovation and uncertainty. Among those navigating this thrilling world is Opeyemi, a skilled writer whose journey into cryptocurrency began unexpectedly over two years ago. Despite
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