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SEC Fines Crypto Firms $4.7 Billion in 2024, Huge Jump from 2023

In 2024, the United States Securities and Exchange Commission (SEC) dramatically increased its enforcement actions against cryptocurrency firms and executives, totaling nearly $4.7 billion. This amount is 3,000% more than the fines of $150.3 million set in 2023. The SEC’s penalties more than doubled as the result of its record $4.47 billion settlement with Terraform Labs and its ex-chief, Do Kwon, in June. This settlement is the most significant enforcement action ever by the SEC. Terraform...

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Metaplanet Expands Bitcoin Holdings with New Purchase

Japanese investment firm Metaplanet Inc. has announced the acquisition of an additional 38.464 bitcoins, valued at approximately 300 million yen ($2 million). This new acquisition takes their total bitcoin reserves to 398,832 BTC, valued at roughly 3.75 billion yen ($26 million). After such a report, Metaplanet’s shares increased by 4.42% in Japan. According to Yahoo Finance, the stock was last in the range of 1,086 yen; the highest price level it touched in today’s trading session was...

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Analysts Predict Big Breakout on Ethereum (ETH) and This Ethereum Token Jumps 250%

The crypto market is notorious for its highly volatile nature, with few price movements lasting much longer than a week. Bitcoin’s (BTC) influence has also significantly contributed to the relatively unstable market lately, leaving many top tokens, including Ethereum (ETH), in quite the situation. Then again, things are starting to look up for the ETH token, and a new DeFi coin is launching on the blockchain to switch things up, too. Ethereum Suffers From Bitcoin Swings The whole...

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Moscow Exchange (MOEX) Bows Out of Russia’s Crypto Trading Pilot Program

MOEX departs from Russia’s crypto pilot and focuses on other digital ventures. Russia promotes the digital ruble and proposes additional cryptocurrency exchanges to increase trading. The Moscow Exchange (MOEX), Russia’s largest financial exchange, has decided not to take part in a new pilot program for cryptocurrency trading, despite recent legislation allowing digital currencies to be regulated by the central bank. Nikolai Trunichkin, MOEX’s head of digital projects, confirmed the decision,...

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Tether, Tron, and TRM Labs Join Hands to Launch the T3 Financial Crime Unit

The T3 Financial Crime Unit will work to reduce criminal activity associated with USDT on Tron, collaborating with law enforcement agencies to hold criminals accountable and make victims whole. The largest stablecoin issuer, Tether, Justin Sun-created Tron, and blockchain intelligence platform TRM Labs have collaborated to launch the T3 Financial Crime Unit (T3 FCU). The alliance will allow Tether to identify and report crime-related USDT transactions on the Tron network. The Majority of USDT...

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