This upswing in market sentiment and technical indicators fuels speculation on whether such positive signs could push AVAX’s price toward the $70 mark. Investors and analysts alike are closely monitoring to see if this current wave of optimism signals a transformative phase for AVAX. AVAX Currently Has 75% of Holders …
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KuCoin CEO Johnny Lyu said the US criminal charges against the exchange will not affect the platform’s operational stability and assured users that their funds remain safe. Lyu made the statement on social media after the US Department of Justice (DOJ) announced it is levying criminal charges against the exchange …
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Hong Kong Likely To Allow In-Kind Creations for Spot Bitcoin ETFs: Bloomberg
by Helene Braunby Helene BraunHong Kong’s financial regulator is likely to approve in-kind creations and redemptions for spot bitcoin ETFs. This could potentially pave way for a massive investor base across China to enter the crypto market. Several firms have applied to launch a spot bitcoin ETF on the Hong Kong Stock Exchange. Why …
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INJ is now recovering again, rising by more than 15% in the past three days, but will it be able to break consolidation? Injective Investors Are Pushing On Injective price is currently trading at $40.17, up from $35.02 just 72 hours ago. This has given bullish signs for investors once …
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–> The Technology Working Group of the UK’s Treasury, the government’s economic and finance ministry, has published a new report on the potential use cases of fund tokenization. The report explored the use of tokens as collateral for money market funds and the role tokenized funds could play in the …
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KuCoin, one of the world’s largest crypto trading platforms, along with its founders Chun Gan (also known as “Michael”) and Ke Tang (also known as “Eric”), have been criminally charged by US regulators. The charges rose from allegations of operating without the proper licensure and failing to adhere to the …
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US Charges KuCoin and Founders for ‘Multibillion-Dollar Criminal Conspiracy’
by Bary Rahmaby Bary RahmaThis indictment accuses the parties of operating without a license and flouting anti-money laundering laws to cement KuCoin’s status. KuCoin’s Alleged Multibillion-Dollar Criminal Plot According to the official statement, KuCoin and its founders failed to establish a robust anti-money laundering program. The crypto exchange also neglected to verify customer identities …
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Ripple needs to pay $1.95 billion in fines, SEC says in proposed final judgment
by Sarah Wynnby Sarah WynnThe Securities and Exchange Commission wants Ripple Labs to pay close to $2 billion and asks a New York court to weigh the “severity” of the firm’s misconduct. In a proposed final judgment filed on Monday, the SEC asked Judge Analisa Torres to approve the fine, which includes $876 million …
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Crypto exchange KuCoin laundered $9B, ‘flouted’ anti-money laundering laws: DOJ indictment
by Sarah Wynnby Sarah Wynn–> The Department of Justice lodged charges against crypto exchange KuCoin and two of its founders, alleging they violated anti-money laundering laws. The DOJ unveiled the indictment on Tuesday against KuCoin and two of its founders Chun Gan and Ke Tang over charges related to operating an unlicensed money-transmitting business …
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Cryptocurrency exchange KuCoin and two of its founders were charged Tuesday by the United States Department of Justice with conspiring to violate the Bank Secrecy Act by failing to operate a compliant anti-money laundering program. As a result, they allegedly enabling money laundering and terrorist activity to funnel through the …