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Promoting Omegapro, a pyramid scheme that raised over $3 billion from over 3 million customers, might make a group of European football stars face legal action. Hundreds of users affected would be preparing to sue these individuals, alleging that they trusted the company, which offered yields of over 300%, due to the endorsements of these … Read more
Tether CEO Paolo Ardoino says the US has been lagging on crypto laws but thinks that could soon change after the November elections. Go to Source
Liminal Custody has released an update addressing the allegations and misinformation surrounding the Wazirx security breach. The company clarified that while Wazirx blamed it for the incident, the exchange continued using Liminal’s infrastructure to manage user funds. Liminal emphasized it had no control over the wallets in question and criticized Wazirx for not adopting key … Read more
Coinbase CEO Brian Armstrong and Tesla CEO Elon Musk have voiced their support for pro-crypto Senate candidate John Deaton in his race against Elizabeth Warren. Armstrong warned that Warren, a vocal crypto critic, has pushed harmful regulations and backed U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler’s efforts to curb the industry. Musk signaled … Read more
The enforcement-heavy approach of the U.S. Securities and Exchange Commission (SEC) to crypto regulation is stifling innovation and leaving the market without clear standards, an SEC commissioner has warned. Criticizing the reliance on litigation, he argued that case-by-case enforcement delays the creation of a consistent regulatory framework, depriving investors and innovators of necessary guidance. He … Read more
Microstrategy co-founder Michael Saylor blasted the original bitcoin community stating that crypto-anarchists were paranoid about possible bitcoin seizure events involving the large companies that currently provide crypto custody. Saylor said that they were the ones who could incentivize a seizure measure due to their lack of compliance with government rules while exercising self-custody. Michael Saylor … Read more
The volume of cryptocurrency transactions in Brazil has yet again registered record numbers. According to figures offered by the Brazilian IRS equivalent, volumes grew 24.2% compared to last year, reaching over $43.5 billion between January and September 2024. Stablecoin volumes were significant, with Tether’s USDT leading the charge. The leading stablecoin registered volumes of $27.4 … Read more
Web3 security firm Scam Sniffer says a malicious crypto-draining link can appear for some Google users when they search for Sony’s new blockchain. Go to Source
Cryptocurrency industry members in Argentina expressed their opinions regarding a new draft that proposes restrictions on the operation of crypto institutions in the country. If the draft is approved, each institution will register with a minimum capital amount to operate on Argentine soil. Argentina Submits Draft for VASP Rules to Public Consultation Argentina is innovating … Read more
Ripple’s chief legal officer has highlighted two potential outcomes for the U.S. Securities and Exchange Commission (SEC)’s appeal in the Ripple lawsuit over XRP. He explained the SEC’s best-case scenario and noted that Ripple’s Fair Notice defense remains solid. The Ripple legal chief also reaffirmed XRP’s non-security status despite the appeal. 2 Outcomes: Ripple’s Stuart … Read more