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In a significant development within the cryptocurrency sector, the South Korean government has exposed major Know-Your-Customer (KYC) violations on Upbit, the nation’s leading cryptocurrency exchange. The investigation, initiated by the Financial Intelligence Unit (FIU) of the Financial Services Commission (FSC) during a routine review of Upbit’s business license renewal on November 14, has revealed alarming
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Bitcoin, the pioneering cryptocurrency, remains a focal point for investors and market analysts alike. Recently, it has experienced some dramatic shifts in its pricing, raising questions around its future trajectories. From soaring highs to periodic corrections, Bitcoin’s latest price movement serves both as an opportunity and a cautionary tale for traders. This article delves into
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Ethereum has recently encountered a significant downturn, with its price dipping below the $3,250 threshold. As of now, the digital currency appears to be consolidating around the $3,000 mark, showing signs of potential recovery. The broader implications of this price action suggest that traders should remain vigilant as Ethereum navigates through this turbulent market phase.
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Recent discussions surrounding cryptocurrency regulation have frequently highlighted the contrasting positions of former Commodity Futures Trading Commission (CFTC) Chair Christopher Giancarlo and current Securities and Exchange Commission (SEC) Chair Gary Gensler. Giancarlo recently quashed rumors regarding his potential future roles in government, specifically regarding the SEC and crypto-related positions within the US Treasury. His clear
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The landscape of cryptocurrency trading is often fraught with complexities, especially when it comes to security issues. One such incident that has captured attention is the recent $235 million breach involving WazirX, a leading crypto exchange based in India. As the investigation unfolds, several key developments have arisen, shedding light on the individuals involved, the
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The Digital Chamber of Commerce has put forward a provocative argument advocating for the re-examination of existing restrictions that bar federal employees from owning cryptocurrency. In a communication addressed to Shelley Finlayson, the Acting Director of the US Office of Government Ethics, the Chamber articulated the need for a paradigm shift regarding how the government
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Ethereum, one of the leading cryptocurrencies, recently exhibited notable price fluctuations after reaching a peak of approximately $3,450. Subsequently, the market underwent a corrective phase, leading to a current price assessment that hovers around the $3,250 mark. As Ethereum continues to consolidate, traders are keenly observing resistance levels amidst an evolving tumult in the cryptocurrency
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