Category: Crypto

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Binance Founder Changpeng Zhao Receives Four-Month Prison Sentence

KEY POINTS After admitting to money laundering violations in November, Binance founder Changpeng Zhao was given a four-month prison term on Tuesday. Although U.S. prosecutors proposed a 36-month sentence, Zhao received less. Following his legal agreement with the Justice Department, the cryptocurrency billionaire resigned as CEO of Binance. On Tuesday, Changpeng Zhao, the billionaire founder […]
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ED Takes Down ‘E-Nugget’ Gaming Scam, Seizes Crypto Assets

In Kolkata, the Enforcement Directorate (ED) has successfully conducted a raid against the deceptive online gaming application known as “E-Nugget,” which tricked users by promising unusually high returns on investments. The ED revealed that although E-Nugget appeared to be a benign gaming platform, it was actually designed to funnel money from unsuspecting participants. Modus Operandi […]
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๐”๐Š-๐๐š๐ฌ๐ž๐ ๐‚๐š๐ฌ๐ก๐š๐š ๐’๐ž๐ญ ๐ญ๐จ ๐ˆ๐ง๐ญ๐ซ๐จ๐๐ฎ๐œ๐ž ๐‚๐ซ๐ฒ๐ฉ๐ญ๐จ ๐–๐š๐ฅ๐ฅ๐ž๐ญ ๐ข๐ง ๐’๐ž๐ฏ๐ž๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ๐ฌ, ๐ˆ๐ง๐œ๐ฅ๐ฎ๐๐ข๐ง๐  ๐ˆ๐ง๐๐ข๐š

SUMMARY: Cashaa announced that its upcoming crypto wallet will enable users to buy, store, earn, and take loans against their cryptocurrency deposits in their respective local currencies. The company has also declared that it will cease its banking services for crypto and other “high-risk businesses.” In 2022, Cashaa exited from Unicas in India, a joint […]
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๐†๐จ๐จ๐ ๐ฅ๐ž ๐‚๐ฅ๐จ๐ฎ๐’๐ฌ ๐–๐ž๐›๐Ÿ‘ ๐๐จ๐ซ๐ญ๐š๐ฅ ๐‹๐š๐ฎ๐ง๐œ๐ก ๐’๐ฉ๐š๐ซ๐ค๐ฌ ๐ƒ๐ž๐›๐š๐ญ๐ž ๐ข๐ง ๐‚๐ซ๐ฒ๐ฉ๐ญ๐จ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ

Google Cloud has rolled out a new Web3 portal aimed at providing blockchain developers with resources such as data sets and tutorials on creating non-fungible tokens (NFTs). However, the reception from the cryptocurrency community has been varied. Phil Geiger, the vice president of product marketing at Unchained, expressed disappointment on April 25 via an X […]
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Hong Kong Set to Launch Spot Bitcoin and Ethereum ETFs on April 30

Hong Kong is poised to introduce its highly anticipated spot Bitcoin and Ethereum exchange-traded funds (ETFs) by the end of April. According to Bloomberg, the Bosera-HashKey Capital spot ETFs are scheduled to commence trading on April 30. The Hong Kong Securities and Futures Commission (SFC) has recently authorized several fund managers to offer these ETFs, […]
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Woo X Launches Innovative Tokenized Treasury Bills for Retail Investors

The Woo X RWA Earn Vaults have been developed in collaboration with institutional tokenization company OpenTrade. Crypto exchange Woo X announces a groundbreaking initiative as tokenized Treasury Bills become accessible to retail investors for the first time. The platform has also recently launched index-linked meme-coin perpetuals in partnership with market maker Wintermute. Woo X is […]
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Changpeng Zhao Named Richest Person in the Crypto Industryโ€”Here’s Why

Changpeng Zhao continues to dominate Forbesโ€™ roster of cryptocurrency billionaires. What is the secret behind his immense wealth? Changpeng Zhao has consistently ranked among the richest individuals, despite facing legal challenges and accruing billions in fines in 2023. In early April, Forbes refreshed its billionaire roster, showcasing 17 figures from the crypto sector. Once more, […]
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Binance Receives Dubai Cryptocurrency License After CZ’s Departure

Binance, the largest cryptocurrency exchange globally, has obtained a long-awaited regulatory license in Dubai. Binance acquired its Virtual Asset Service Provider (VASP) license after co-founder Changpeng Zhao surrendered his voting power in the exchange’s local entity, as revealed by Binance CEO Richard Teng to Bloomberg on April 18. The final requirement from the Virtual Assets […]
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UK to Issue New Crypto, Stablecoin Legislation by July, Minister Says

The UK’s Finance Minister has revealed the government’s intention to establish a regulatory framework for cryptoassets by the end of July. Prime Minister Rishi Sunak, during his tenure as the nation’s finance minister, expressed the ambition to position the UK as a global center for cryptocurrencies. Economic Secretary to The Treasury, Bim Afolami, confirmed that […]
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