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Bitcoin (BTC) experienced daily lows on May 3rd, as markets awaited the Federal Reserve’s interest rate decision. Data from various sources showed BTC/USD reaching $28,152 on Bitstamp, down 2.2% from the day’s highs. The pair continued to be volatile into the May 3rd meeting of the Federal Open Market Committee (FOMC), the event that accompanies
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Ecoterra is a new cryptocurrency that is advocating for a sustainable ecosystem through digital carbon credits. The effects of climate change have become increasingly evident, and individuals and entities have embraced technologies that offer intentional ways to offset carbon emissions. Among these emerging technologies, Ecoterra offers the best solutions to support environmentally friendly initiatives with
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The Office of Foreign Assets Control (OFAC) has reached a settlement with Poloniex for $7.6 million regarding various sanctions violations. Poloniex allowed customers in sanctioned countries to trade and transact over $15.3 million of digital currencies through 66,000 transactions between January 2014 and November 2019. Violation Details The violations took place in Cuba, Iran, Sudan,
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John Deaton, the founder of CryptoLaw and a lawyer representing Ripple, has accused the US Securities and Exchange Commission (SEC) of “exploiting legal uncertainty about crypto” to redefine what should be considered a security under the Howey test. Deaton argues that the regulator’s litigation against crypto companies is pushing the boundaries of what constitutes an