Digital Currency Group (DCG) and Genesis face $38M SEC fines for misleading investors during 3AC’s collapse. The SEC accuses former Genesis CEO of approving false statements and signing deceptive promissory notes, intensifying scrutiny on both firms amid ongoing financial struggles.
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Category: Cryptocurrencies
Boerse Stuttgart Becomes First German Crypto Provider to Receive MiCA License
This success follows a year of explosive growth for the exchange, with crypto trading volumes tripling and contributing 25% to overall revenue.
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MicroStrategy Proposes Massive Increase in Authorized Shares to 10.33 Billion
MicroStrategy has proposed amendments to its charter to increase authorized common shares to 10.33 billion and preferred stock to over 1 billion, seeking to expand its capital structure.
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Wyoming and Massachusetts Propose Strategic Bitcoin Reserve Legislation
Wyoming and Massachusetts propose strategic Bitcoin reserve bills, blending fiscal stability with innovation. The initiatives aim to utilize Bitcoin’s potential for mitigating inflation risks while bolstering financial security, setting a precedent for other states exploring digital assets in public finance.
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South Korean Woman ‘Stole Friend’s $481k Crypto Stash’ to Pay Off Debt
A South Korean woman has been arrested on suspicion of stealing a “friend’s” $481,000 crypto holdings to pay off her debts.
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Trump Set to Issue Pro-Crypto Executive Orders, Including National Bitcoin Stockpile: Report
The executive order would elevate cryptos as a national imperative and consider the creation of a federal stockpile of Bitcoin.
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Litecoin Positioned to Become Third US Spot Crypto ETF: Report
If the US SEC approves a spot Litecoin ETF, the move signals a potential expansion of the crypto ETF landscape beyond Bitcoin and Ethereum.
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Trump’s Treasury Pick Scott Bessent Rejects Need for a US Digital Dollar
Scott Bessent, Trump’s Treasury nominee, has said that the Treasury should stop exploring the creation of a central bank digital currency.
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Sol Strategies Stock Price Blasts 27% Higher After Launch of Solana Mobile Staking App
Solana holding company Sol Strategies (CSE:HODL OTC:CYFRF) announces the launch of its new Solana mobile staking application. Stock blasts 27% higher.
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Coinbase Launches Bitcoin-backed Loan Services for U.S. Users
Coinbase relaunches Bitcoin-backed loans in the U.S., allowing users to borrow up to $100,000 in USDC using BTC as collateral. This innovative service caters to crypto holders seeking liquidity without selling assets. Discover how it works, its benefits, and Coinbase’s role in this growing market.
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