The U.S. Securities and Exchange Commission (SEC) has filed settled charges against Plutus Lending LLC, operating as Abra, for failing to register the offers and sales of its crypto asset lending product, Abra Earn. The SEC also accused Abra of operating as an unregistered investment company, further complicating the firm’s regulatory standing. SEC Targets Abra …
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The Paris Public Prosecutor’s Office has disclosed the arrest of Telegram CEO Pavel Durov, who was detained at Le Bourget airport on August 24, 2024. Durov is currently in police custody as part of an extensive judicial investigation. The probe, launched on July 8, 2024, involves multiple serious charges, including complicity in illegal transactions, child …
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Renowned NSA whistleblower Edward Snowden gave his take regarding the recent arrest in France of Telegram founder Pavel Durov. Snowden blasted the French government’s actions, stating that these constituted an “assault on the basic human rights of speech and association.” Snowden called for people to “wake up,” highlighting the attack that world governments have mounted …
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According to data from SMR Nuclear, nuclear energy plants produce 441,398,880 megawatt-hours of energy throughout their lifetimes.
A widely followed crypto trader thinks that improving macroeconomic conditions and easing sell-pressure bode well for Bitcoin (BTC). Pseudonymous analyst Altcoin Sherpa tells his 220,300 followers on the social media platform X that he’s flipping bullish on Bitcoin even though BTC’s market structure on the daily chart remains bearish. “I am not personally too scared. …
Research from crypto exchange Bitfinex says that appetite for risk assets is heating up once again. In its latest research report, Bitfinex says that Bitcoin (BTC) is showing a stronger correlation with US equities, indicating a return of risk-on sentiment in crypto. Bitfinex also says that the significant amount of liquidations that occurred during the …
Layer-1 blockchain The Open Network (TON) is issuing a statement in support of Telegram founder Pavel Durov after his recent arrest in France. TON says on the social media platform that its network will continue to run as usual following Durov’s detention over alleged offenses related to the Telegram messaging app. “As a community committed …
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PYUSD is competing with rivals such as Circle’s USDC and Tether’s USDT.
French authorities have come under fire from free speech activists and the crypto community after arresting Telegram founder Pavel Durov.
Russia is reportedly gearing up to launch a new crypto-based cross-border payments system in an effort to overcome economic sanctions. Bloomberg reports that the Russian government wants to use digital tokens for cross-border transactions to help ease payment difficulties for its companies that have been affected by international sanctions placed on the country. According to …
DePIN (decentralized physical infrastructure network) is revolutionizing the evolving world of blockchain and cryptocurrency. What exactly is DePIN and how is the DePIN Association advancing the DePIN ecosystem? Let’s look into this. What is DePIN DePIN refers to infrastructure projects that employ tokenization to organize and incentivize their progress. In traditional centralized infrastructure setups, companies …
Quant analyst PlanB says that Bitcoin (BTC) remains on track to hit $500,000 based on one benchmark indicator. PlanB tells his nearly 1.9 million followers on the social media platform X that he is doubling down on his massive six-figure price prediction for Bitcoin despite months-long sideways movement. Responding to a follower asking about BTC’s …
Kraken says the crypto exchange is confident it will win its legal battle with the U.S. Securities and Exchange Commission (SEC). Last week, U.S.; District Judge William H. Orrick denied Kraken’s request to dismiss the case filed by the SEC alleging that the exchange violated securities laws. The regulator alleges that Cardano (ADA), Algorand (ALGO), …
Nasdaq-listed medical technology firm Semler Scientific has expanded its Bitcoin holdings by purchasing an additional 83 BTC for $5.0 million, according to an Aug. 26 statement. This acquisition brings the company’s total Bitcoin holdings to 1,012 BTC, acquired at a cumulative cost of $68 million, including fees and expenses. The company’s chairman, Eric Semler, explained …
The family of Tigran Gambaryan, the Binance executive detained in Nigeria, reports that his health has severely deteriorated, and he is being denied access to medical care. In an Aug. 26 statement shared with CryptoSlate, his family expressed grave concerns about his health conditions and revealed that he is suffering from extreme pain due to …
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