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New York Financial Regulator Targets Firms Pooling Cryptocurrency Funds
January 23 (Reuters) – New York’s top financial regulator will issue new guidance on Monday requiring companies to separate clients’ crypto assets from their own following alleged mixing of funds on bankrupt crypto exchange FTX and its trading subsidiary Alameda Research. resulted in huge losses for customers. The New York State Department of Financial Services […] More
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Davos 2023: Intimidated Crypto Crowd Feel Winter Freeze at WEF
DAVOS, Switzerland, Jan. 19 (Reuters) – In the snow and ice on the main highway in Davos, WEF participants clearly see the impact of crypto-winter. Last May, the swanky storefronts on both sides of the Promenade, which runs through the Swiss ski resort, were dominated by bitcoin crypto firms. Now there are only a few […] More
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Cryptoverse: Bitcoin is back with a bonus
January 17 (Reuters) – Bitcoin will be at its peak in 2023, knocking the cryptocurrency market off the ground and electrifying the bonk, the new meme coin. The #1 cryptocurrency is up 26% in January, jumping 22% in the last week alone, breaking the $20,000 level and reaching its best month since October 2021 – […] More
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Yellen warns of US default risk by June, calls for higher debt limit
WASHINGTON, Jan 13 (Reuters) – Treasury Secretary Janet Yellen said on Friday that the United States is likely to exceed its $31.4 trillion legal debt limit on January 19, forcing the Treasury Department to take emergency cash management measures. , which is likely to prevent default ahead of schedule. June. “Once the limit is reached, […] More