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Tether's Lack of Compliance and Transparency Poses Risks to Crypto Market JPMorgan, a global investment bank, has raised concerns about the growing risk in the crypto market attributed to Tether's lack of regulatory compliance and transparency. According to JPMorgan analysts, stablecoin issuers that adhere to existing regulations are more likely to benefit from the upcoming […]

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OFAC Revokes License of Minerven for Gold Transactions in International Markets The Office of Foreign Assets Control (OFAC) has revoked the license of Minerven, the Venezuela-owned gold company, for commercializing gold in international markets. The sanctions on Minerven, which were eased in October, will be applied again on February 13, with oil and gas sanctions

OPNX Announces Cease of Operations Following Legal Repercussions OPNX, a platform renowned for its unique offering of trading bankruptcy claims alongside crypto exchange operations, has made the decision to cease all activities by February 14th. This announcement comes as co-founders Su Zhu and Kyle Davies grapple with the legal consequences resulting from the failure of

The Stellar Development Foundation (SDF) has announced a delay in the Protocol 20 upgrade of the Stellar blockchain, originally scheduled for January 30. This decision follows the discovery of a bug in Stellar Core v20.1.0, which could potentially impact Soroban transactions. Commitment to Collaboration In a blog post dated January 27, the SDF expressed its

Bitcoin's Potential Future Trajectory According to Gareth Soloway In a recent interview with Gareth Soloway, the chief market strategist at verifiedinvesting.com, he shared his insights on bitcoin's latest trends and its potential future trajectory. Soloway discussed his approach to analyzing various data sets for forecasting future trends and drawing conclusions. He highlighted the significance of

JPMorgan's Analysis on Bitcoin JPMorgan, a global investment bank, has stated that the downward pressure on Bitcoin caused by profit-taking from Grayscale's bitcoin trust (GBTC) has mostly occurred. The bank's analyst explains that this indicates that the negative impact on Bitcoin from this source is likely to be diminishing. JPMorgan's Bitcoin Price Forecast JPMorgan once

Introduction The U.S. Securities and Exchange Commission (SEC) has announced a delay in its decision on spot ethereum exchange-traded funds (ETFs) proposed by Blackrock and Grayscale Investments. This comes after the recent approval of 11 spot bitcoin ETFs, making investors eager to see if the SEC will approve spot Ethereum ETF proposals. SEC Delays Blackrock's

Introduction Bitcoin, the leading cryptocurrency, has been experiencing a complex market behavior on Jan. 24, 2024. The price of Bitcoin has been fluctuating between $39,878 and $40,069 in the past hour, with a broader 24-hour range of $38,505 to $40,515. These fluctuations indicate notable volatility in the market. Bitcoin's Market Capitalization and Trade Volume Bitcoin

Introduction Following the submission of a proposal by FTX estate debtors to reimburse customer assets based on their value as of November 11, 2022, numerous objections have been raised by customers. The objections highlight concerns over the depletion of creditor funds and dissatisfaction with the compensation in fiat currency. FTX Customers Express Dissatisfaction FTX customers