Category: Crypto

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Colorado-based pastor Eligio “Eli” Regalado and his wife, Kaitlyn, are currently facing legal repercussions following allegations of defrauding investors out of millions of dollars through the sale of an unregistered cryptocurrency token known as INDXcoin. This particular token was marketed to devout Christians as a “God-backed” digital asset, successfully raising approximately $3.2 million in funds […]

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How Many Cryptocurrencies Have Failed? More than half of all cryptocurrencies have met their demise. Out of the 24,000 cryptocurrencies listed on CoinGecko since 2014, 14,039 have ceased to exist. The majority of these failed cryptocurrencies originated from projects launched during the 2020-2021 bull run. Specifically, 7,530 cryptocurrencies from that period have failed, accounting for […]

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In a remarkable development in the financial markets, Bitcoin has recently overtaken silver, becoming the second-largest Exchange-Traded Fund (ETF) commodity in the United States in terms of assets under management (AUM). This shift highlights the rapidly growing interest and investment in digital assets, particularly in Bitcoin. Just a week into trading, Bitcoin ETFs have surged […]

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The Securities and Exchange Commission (SEC) of Thailand has revised the criteria for investing in digital tokens, relaxing certain limitations. In a meeting convened on March 2, 2023, the SEC Committee endorsed principles for enhancing investment criteria and associated criteria for digital asset business operations. The objective is to establish robust investor protection mechanisms while […]

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In the world of digital innovation and decentralized technology, India has emerged as a key player in promoting the growth of decentralized finance (DeFi) services. As of 2022, the DeFi market had already reached a significant size of $13.61 billion, according to the DeFi Technology Adoption Index. India has made remarkable strides in this sector, […]

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Venezuela has officially terminated its Petro cryptocurrency after a tumultuous five-year period. Launched in 2018 by President Nicolas Maduro, the Petro was intended to bolster Venezuela’s national currency, the bolívar, amidst a severe economic crisis. The cryptocurrency was backed by the country’s substantial oil reserves. From the outset, the Petro faced skepticism and legal challenges. […]

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In a bold move amidst regulatory challenges, Binance, a leading global cryptocurrency exchange, has announced the launch of two new URLs – binance.me and binance.info – specifically tailored for its Indian customer base. This initiative follows the Indian government’s recent measures to block foreign cryptocurrency exchanges, including Binance, due to non-compliance with anti-money laundering regulations. These […]