The essence of artificial bailout is to harvest more and poorer people to subsidize the financial investor group whose living standards are far higher than the social average; indirectly, it is to rob the poor and give to the rich, and harvest the top group of listed company controllers in the entire social subsidy pyramid. .
JinseFinanceThe delisting of Zcash and Monero symbolizes the growing challenges an industry faces as it seeks to align with a global financial system that values both privacy and transparency. With the compliance deadline approaching, the cryptocurrency community watches intently, anticipating how this balance will be managed and what lies ahead for privacy-centric digital currencies.
KikyoSince 2017, Binance has been striving to obtain a phased 'partially legal' status in certain global regions through diplomacy, acquisitions, joint investments, philanthropic funding, and other means.
CaptainXBinance and CEO Zhao Changpeng admit intentional violations, facilitating billions in unregulated crypto transactions. Zhao resigns as CEO, faces potential 18-month sentence. Legal battles continue over sentencing and extradition. Binance.US claims independence from Zhao's governance.
CaptainXBinance faces $34 billion in fines from FinCEN and $9.68 billion from OFAC for not reporting over 100,000 suspicious transactions involving terrorism, ransomware, child exploitation, and other illegal activities. Future penalties and strict regulations may impact Binance for the next five years.
CaptainXThe stablecoin issuer Tangible has since presented holders with a plan to rectify the issue.
ClementSouth Korea's crypto-crazed city, Busan, announced its steering committee for building its flagship digital asset exchange.
Bitcoinist“People will stop mining the coin if they can’t make money off of it,” according to Michael Bloomberg who referred to the two previously hyped city coins.
CointelegraphGrayscale wrote: "Ethereum is like New York City: it's big, expensive, and crowded in some areas. However, it also has the richest application ecosystem."
Cointelegraph"We are going to become the first city in the world to mine Bitcoin here on site at city hall," said Fort Worth Mayor Mattie Parker.
Cointelegraph