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Cryptocurrency News Articles
Finance Redefined: Trump Silent on World Liberty Financial, Team Unveils WLFI Token
Sep 21, 2024 at 03:02 am
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments
Investors were left disappointed on Friday after former United States President Donald Trump remained tight-lipped on his family’s upcoming crypto platform, World Liberty Financial, during the supposed launch event. However, the team behind the platform shared that it will launch with a nontransferable governance token called WLFI.
In a bid to push back against the U.S. Securities and Exchange Commission’s stance on crypto, two Republicans in the House of Representatives demanded that the financial regulator clarify its position on the classification of crypto airdrops by the end of September.
Investors’ funds were largely depleted this week after a Telegram bot for cryptocurrency trading, Banana Gun, was hacked, resulting in the theft of nearly $2 million in crypto. The bot allows users to trade on popular blockchains like Ethereum, Solana and Base.
SEC settles with DeFi protocol Rari Capital over unregistered broker activity, DeFi pools
The SEC has settled with DeFi protocol Rari Capital and its co-founders for allegedly misleading investors and engaging in unregistered broker activity.
According to a Sept. 18 announcement, the SEC claimed that Rari Capital’s Earn and Fuse pools “functioned like crypto asset investment funds,” allowing investors to deposit crypto assets in lending pools and earn returns from their investments.
The complaint alleges that Rari Capital conducted unregistered offers and sales of securities by selling interests in these pools and their tied governance tokens.
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Tether USDT’s market share rises 20%, reaching 75% in two years
Tether’s (USDT USDT $1.00 ) U.S. dollar-denominated stablecoin now controls two-thirds of the entire stablecoin market, following significant adoption over the past two years.
The market share of USDt rose over 20% during the past two years to comprise over 75% of the entire stablecoin market, according to Token Terminal.
USDT
$1.00
The onchain data platform said in a Sept. 16 X post:
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- Sky (MakerDAO) to Eliminate All WBTC Exposure over Justin Sun Ties
- Sep 21, 2024 at 10:30 am
- Sky, formerly MakerDAO, will offboard WBTC over Justin Sun ties. This decision follows a governance vote that ended on Thursday, September 19.
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- Cryptocurrency Exchange BingX Announces Withdrawal Services Will Resume on Sept. 21, 2024, for Certain Digital Assets
- Sep 21, 2024 at 10:25 am
- According to the exchange's announcement, withdrawals for Tether's US dollar stablecoin USDT $1.00, Circle's US dollar stablecoin USDC $1.00
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- BlockDAG Announces 300M Monthly Coin Rewards for Miners—Plus Updates on Neiro Ethereum & Aptos
- Sep 21, 2024 at 10:25 am
- As anticipation for the next crypto surge grows, BlockDAG, Neiro Ethereum, and Aptos are making headlines.
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- Binance CEO Patrick Teng Looks to Turn the Page on Legal Troubles and Continue Growth
- Sep 21, 2024 at 10:20 am
- “The first hundred million took us five years to onboard,” Teng said. “The next hundred million took us two years and the pace of adoption is going to be much faster.”
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- Near Protocol, Cardano, and BlockDAG Emerge as the Top Crypto Coins to Invest in Right Now
- Sep 21, 2024 at 10:20 am
- Crypto never sleeps, and neither do the opportunities. Right now, Near Protocol, Cardano, and BlockDAG have emerged as the top crypto coins to invest in right now for several reasons.
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- Catizen Launches CATI Token for Trading, Sparking Controversy
- Sep 21, 2024 at 10:20 am
- Catizen, the innovative tap-to-earn game on Telegram, has officially launched its CATI token for trading. After a two-month delay from the initial launch date, this news has created quite a buzz in the gaming and crypto communities.
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- Navigating Cryptocurrency Regulations in California: What Cerritos Residents Need to Know
- Sep 21, 2024 at 10:15 am
- As cryptocurrency adoption continues to grow, Cerritos residents should be aware of California's evolving regulatory landscape for digital assets.
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- SEC Approves Options Listing and Trading for BlackRock's Spot Bitcoin Exchange-Traded Fund on the Nasdaq
- Sep 21, 2024 at 10:15 am
- Options trading for BlackRock's fund iShares Bitcoin Trust has been approved with ticker symbol "IBIT", the regulator said in a notice on Friday.
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- Rosen Law FirmReminds Purchasers of Coinbase Global, Inc. (COIN) Securities Between April 14, 2021 and July 25, 2024, of the Important November 12, 2024 Lead Plaintiff Deadline
- Sep 21, 2024 at 10:15 am
- NEW YORK, Sept. 20, 2024 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Coinbase Global, Inc. (NASDAQ: COIN) between April 14, 2021 and July 25, 2024, both dates inclusive (the "Class Period"), of the important November 12, 2024 lead plaintiff deadline in the securities class action first filed by the Firm.