In a major development that’s sending shockwaves through the media and entertainment industry, whistleblower Nandini Mehta, has just exposed the streaming giant's Indian arm of multi allegations, including visa violation and illegal business practices.
XingChiThe BCSC found LiquiTrade guilty of operating an illegal exchange, which could result in sanctions such as fines or even injunctions.
JinseFinanceBitcoin saw a slight increase in response to the ECB's rate cut. The ECB reduced rates to moderate monetary policy restriction, addressing inflation but not growth stagnation. The rate cut aims to lower borrowing costs in the euro area.
Xu LinThe European Central Bank (ECB) is expected to cut its interest rate by 0.25% to 4.25% on June 6. This rate cut could boost investor interest in risk assets like Bitcoin. Bitfinex's derivatives head, Jag Kooner, told Cointelegraph: "The ECB is expected to cut rates next week to stimulate economic growth. Lower rates typically weaken the euro and increase liquidity, which can boost risk assets, including Bitcoin."
AlexHigh-stakes duel: ECB eyes June rate cut amidst Eurozone's deflating inflation, while Fed treads cautiously amid robust US growth. Who'll make the first move? Timing is everything in this global economic chess match.
Huang BoBitcoin has failed to live up to its promise of becoming a global decentralized digital currency and remains difficult to use for legal transfers. The approval of the ETF does not change the fact that Bitcoin is not suitable as a means of payment or investment.
JinseFinanceThe Japanese National Tax Agency (NTA) reveals an increase in crypto tax violations, with 548 cases identified out of 615 inquiries in the fiscal year 2022. Although the average undeclared income per case dropped to $206,000, the cumulative value rose to $126.5 million, prompting calls for tax system reforms in Japan amid criticisms of the current structure's impact on firms holding coins.
JixuKraken faces SEC charges over regulatory breaches and fund mismanagement, intensifying the clash between crypto platforms and regulatory oversight.
Hui XinRegulation and a better alternative are the answers to the current turmoil in the crypto market.
OthersIn a blog post, the ECB said bitcoin's recent stabilisation was "an artificially induced last gasp before the road to irrelevance".
Others