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Bitcoin Shatters Records: The Impact of Bitcoin Runes on Transaction Activity
Bitcoin is shattering records with a surge in transactions, driven by the introduction of Bitcoin Runes! From boosting overall activity to providing a boon for the mining industry, Runes are making waves on the financial scene.
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Introducing ZiG: Zimbabwe’s Groundbreaking Gold-Backed Currency Revamp
No more unstable Zimbabwean dollar! Welcome Zimbabwe Gold, a new promising currency backed by gold and foreign reserves, aiming to curb Zimbabwe’s rampant inflation and stabilize trade incidents.
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Billionaire Binance Founder Slapped with Jail Time and Billions in Fines over Money Laundering Charges
Billionaire Changpeng Zhao, founder of Binance, has been handed a four-month prison sentence after pleading guilty for money laundering. The world’s largest cryptocurrency exchange must also pay $4.3 billion in fines. Compliantly, Zhao agrees to a $50 million fine.
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Russia’s Cryptocurrency Regulations: A Restrictive Shield With Exceptions, Not a Blanket Ban
Russia aims to restore ruble dominance by limiting cryptocurrency operations starting September 2024, with exemptions for miners and test projects. Despite being restrictive, the move is protective against potential sanctions.
Ether as a Security? Hong Kong ETF Issuers Unfazed by Potential U.S. Rulings
Hong Kong’s ETF issuers remain unfazed by potential US rulings concerning Ether’s classification as a security. Their views highlight the differing approaches between Hong Kong and the US on crypto assets.
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Terraform Labs Challenges $5.3 Billion SEC Claim, Proposes $1 Million Fine Instead
Battling a hefty $5.3 billion SEC claim for fraud, Terraform Labs counterattacks with a $1 million settlement offer. Amid multi-layered legal tussles, co-founder Do Kwon fights extradition and Fifth Amendment rights infringement.
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