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Jun 6, 2024 | 
coinnounce.com | Janet Sánchez |Saloni Sheelwant |Saumil Kohli
The Nigerian Minister of Information, Mohammed Idris, has asserted that the prosecution of Binance and its executive, Tigran Gambaryan, for alleged illegal cryptocurrency trading in Nigeria adheres to the country's legal procedures. This statement comes amid growing criticism from U.S. lawmakers urging the release of Gambaryan. Adherence to Legal ProceduresMinister Mohammed Idris emphasized that the legal proceedings against Binance and Gambaryan have followed due process at every stage.
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May 28, 2024 | 
coinnounce.com | Saumil Kohli |Jai Pratap
The BNB Chain recently experienced what appears to be a minor exploit, resulting in the loss of approximately $80,000 worth of Bitcoin. This event, involving multiple suspicious transactions, has sparked a debate on whether the attacker was a white hat hacker—someone who ethically exposes vulnerabilities to improve security—or a malicious actor with intent to steal.
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May 23, 2024 | 
coinnounce.com | Saumil Kohli |Sabyasaachi Karmakar |Janet Sánchez
The cryptocurrency community is abuzz with speculation after CNBC's 'Fast Money' trader and noted crypto investor Brian Kelly hinted that a Solana (SOL) spot exchange-traded fund (ETF) might be on the horizon in the United States. This statement has ignited a debate among industry experts and investors about the feasibility and timing of such a development.
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May 22, 2024 | 
coinnounce.com | Janet Sánchez |Saumil Kohli |Jai Pratap
As the House of Representatives gears up for a pivotal vote on H.R. 4763, commonly known as the FIT21 bill, prominent figures including U.S. President Joe Biden and SEC Chair Gary Gensler have expressed significant opposition. The bill, which aims to reshape the regulatory landscape for cryptocurrencies, has sparked a heated debate among policymakers and industry leaders.
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May 17, 2024 | 
coinnounce.com | Janet Sánchez |Saumil Kohli |Jai Pratap
Hong Kong has initiated a pilot program for the digital yuan, marking a significant step in the adoption of China's central bank digital currency (CBDC) outside mainland China. This development, led by the Hong Kong Monetary Authority (HKMA), underscores an evolving landscape in digital finance, focusing primarily on facilitating cross-border payments rather than enabling person-to-person (P2P) transactions within Hong Kong itself.
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May 17, 2024 | 
coinnounce.com | Janet Sánchez |Gauri pant |Saumil Kohli
In a significant move toward integrating with global financial regulations, Turkey has introduced a draft bill aimed at revamping its cryptocurrency legislation. Submitted to the parliament on May 16, this bill seeks to align Turkey's crypto regulations with international standards, primarily focusing on licensing, registration, and the operational framework for crypto asset service providers.
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May 17, 2024 | 
coinnounce.com | Janet Sánchez |Saloni Sheelwant |Saumil Kohli
Significant Recovery Efforts Lead to Reinstatement Plans Following Security BreachXLink, a prominent Bitcoin blockchain bridge, is set to make a recovery after a devastating $10 million hack that temporarily halted its operations. The security breach, which was first reported on May 15, affected the bridge's Ethereum and BNB Smart Chain (BSC) endpoints.
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May 17, 2024 | 
coinnounce.com | Saumil Kohli |Jai Pratap
Integration of OpenAI's AI Tools Expected to Enhance Reddit User EngagementReddit's shares saw an 11% increase in after-hours trading following the announcement of a data-sharing deal with OpenAI, the pioneering artificial intelligence firm known for its development of the ChatGPT chatbot. This significant uptick came after a drop of 5.45% earlier in the day, but the news of the partnership rejuvenated investor confidence, boosting the stock to $62.61.
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May 17, 2024 | 
coinnounce.com | Saumil Kohli |Jai Pratap
Expert Suggests Current Bitcoin Market Analysis is Futile Without a Significant BreakoutAs Bitcoin enthusiasts and investors eagerly monitor its price fluctuations, Mati Greenspan, founder of Quantum Economics, offers a unique perspective, labeling most ongoing Bitcoin analyses as 'noise.' Greenspan argues that significant market movements are unlikely to be predicted accurately until Bitcoin approaches or surpasses the pivotal $70,000 mark.
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May 16, 2024 | 
coinnounce.com | Saumil Kohli |Jai Pratap
Major Investment Firms and Hedge Funds Pile Into Bitcoin ETFs Amid Growing Crypto AcceptanceIn a significant display of institutional interest in cryptocurrency, over 600 firms have disclosed substantial investments in the spot Bitcoin ETF through their latest 13F filings with the United States Securities and Exchange Commission (SEC).
