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Ex-CEO of Crypto Company Sentenced to Prison for Fraud, Fined $9 Million

The former CEO of a cryptocurrency company has been sentenced to prison time and ordered to pay $9 million in restitution due to his company’s role in a major Ponzi scheme that cost hundreds of investors millions of dollars. The hearing comes…
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Chinese Crypto Startup to Offer Custody Service Amid Regulatory Turmoil

Long story short, China’s leading regulatory bodies have recently begun their second crusade against the propagation of crypto assets, imposing a series of harsh rules, laws and advisory messages in a bid to curb the growth of this industry. In…
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Chinese Traders are Still Investing in Bitcoin by Exploiting Crypto Ban

Although the Chinese government has hailed their crypto ban as successful, it appears that traders have found multiple ways to circumvent the ban despite tightening scrutiny on crypto by state regulators. Exchanges are also finding ways to avoid…
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Deutsche Bank Veteran Jumps Ship, Joins Japanese Crypto Exchange

Although many risk-averse individuals are hesitant to venture into the nascent cryptocurrency industry, there are some that are willing to take the plunge, including a multitude of former institutional investors, analysts, traders, and executives. Japanese…
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Business Owner of Crypto Generating Bike Has Accounts Frozen by Barclays and HSBC

Barclays and HSBC have allegedly blocked three accounts of a U.K.-based electric bike retailer for having traded Bitcoin for cash through a popular P2P trading platform hours earlier. The alarming situation comes five months after crypto exchange…
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Brian Kelly: A Bitcoin ETF Could Spark A “Nice Rally”

The seemingly never-ending Bitcoin ETF saga has continued, with a recent regulatory development recently sparking discussion within the cryptosphere. The Bitcoin ETF Debacle Continues As reported by NewsBTC, on August 22nd, the SEC came out…
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Japan Has No Plans to Curb Crypto, Seeks Further Growth

Japan’s positive stance on cryptocurrencies just got reaffirmed. “We have no intention to curb (the crypto industry) excessively,” said Toshihide Endo, the commissioner of Financial Services Agency (FSA), Japan’s top financial regulator. No…
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Fifty ICO Projects Already Seeking Licenses from Thai SEC

Around 50 prospective initial coin offerings have displayed interest in securing a licence from Thailand’s Securities and Exchange Commission. The news follows an approval of the licensing of digital currency businesses, which took effect…
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Japan to Focus Cryptocurrency Regulation on Speculative Investments

The Financial Services Agency, the government agency that oversees banking, securities, and exchange services in Japan, plans to set up stricter requirements on cryptocurrencies and its use for speculative purposes. Japan Regulator May Impose…
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“Crypto King”: The Winklevoss ETF Rejection Wasn’t Bad For Bitcoin

While yesterday’s pullback of Bitcoin’s price may have irked more than a few investors, many industry leaders remain bullish on the price of crypto assets, including Wall Street’s “Crypto King.” Bitcoin Holding…