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XRP’s Recent Surge Indicates a Turnaround for the Cryptocurrency Market
Written by Hazel J. Greene, Senior Analyst In a bold move, XRP soared by nearly 100% last week and continues to rise by 8% today. The catalyst behind this remarkable surge was the announcement from a US judge, who ruled that XRP does not fall under the category of unregistered securities. As a result, sentiment…
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Shiba Inu Investors Facing Significant Losses as Meme Coin Falters
Written by Hazel J. Greene, Senior Analyst The world of cryptocurrency is no stranger to volatility, and one digital asset that has captured attention in recent times is Shiba Inu. However, Shiba Inu investors have been hit hard, experiencing some of the worst losses among the top 20 cryptocurrencies. With its price plummeting by over…
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New CANSEE Act Strengthens AML Regulations for DeFi Services
Written by Hazel J. Greene, Senior Analyst A new bill proposed in the US Senate aims to tackle the growing concerns surrounding money laundering and illicit activities in decentralized finance (DeFi) services. The Crypto-Asset National Security Enhancement and Enforcement (CANSEE) Act calls for increased scrutiny and compliance with Know Your Customer (KYC) and Anti-Money Laundering…
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Nasdaq Pauses Crypto Custodian Business Amid Shifting Regulatory Landscape
Written by Hazel J. Greene, Senior Analyst According to a recent Bloomberg report, Nasdaq, one of the leading exchange operators, has unexpectedly decided to halt the launch of its cryptocurrency custodian business in the United States. This sudden change in plans comes as Nasdaq aims to remain agile in the face of evolving business and…
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Societe Generale’s Crypto Subsidiary, Forge, Becomes First Licensed DASP in France
Written by Hazel J. Greene, Senior Analyst News of Societe Generale’s crypto subsidiary, Forge, obtaining the first Digital Asset Service Provider (DASP) license in France has taken the financial world by storm. Granted by France’s stock market regulator, Autorité des Marches Financiers (AMF), this license expands the reach of Societe Generale Bank into the digital…
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SEC Takes an Important Step Towards Approving First Spot Bitcoin Exchange-Traded Fund (ETF) in the US
Written by Hazel J. Greene, Senior Analyst The US Securities and Exchange Commission (SEC) has recently advanced the regulatory process for the first-ever Spot Bitcoin Exchange-Traded Fund (ETF) in the United States. This significant step comes as the SEC lists eight prominent applicants, including BlackRock, Fidelity, BitWise, WidsomTree, VanEck, Invesco, Proshares, and Valkyrie, in the…
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