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Proof-of-Work Ban Removed From Europe’s Proposed Crypto Regulation

A text threatening to prohibit cryptocurrencies relying on energy-intensive proof-of-work mining has been deleted from the draft legislation aimed at regulating the European crypto space. The move comes after the…

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US Senator Urges Regulators to Increase Scrutiny on Crypto as It Risks Undermining Sanctions Against Russia

U.S. Senator Elizabeth Warren is worried that “cryptocurrencies risk undermining sanctions against Russia.” She urges financial regulators “to take this threat seriously and increase their scrutiny of digital assets.” Senator…

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UK Regulator Bans Floki Inu Ad for Being Irresponsible, Exploiting Investor FOMO

The U.K.’s advertising authority has banned an ad for cryptocurrency floki inu (FLOKI). The authority says the ad’s “Missed Doge? Get Floki” claim “exploited consumers’ fears of missing out and…

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EU is ‘taking measures’ against Russia using crypto to bypass sanctions, say finance ministers

“When it comes to economic and financial sanctions, we want to remain flexible and mobilized,“ said France’s finance minister, Bruno Le Maire.

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Hillary Clinton Urges Biden Administration to Pressure Crypto Exchanges to Block Russian Users

Former presidential candidate Hillary Clinton has criticized the Biden administration and European governments for not pressuring cryptocurrency exchanges to end transactions with Russian users. She believes regulators “should look hard…

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Report: Israel Defense Ministry Seized Crypto Wallets Holding Hamas-Destined Funds

Israel’s Defense Ministry seized cryptocurrency wallets holding funds that were destined for Hamas, a report has said. The wallets belonged to businesses that are associated with Al’matchadun currency exchange, which…

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SEC to Crypto Companies: There Are Benefits to Self-Reporting Violations and Working With Us

The U.S. Securities and Exchange Commission (SEC) has revealed that there are benefits for cryptocurrency companies to self-report their violations of securities laws to the regulator. While noting that there…

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Market Strategist Explains 4 Reasons Why BTC Is Rallying — ‘Ukraine Crisis Highlights How Bitcoin Can Act as a Support Mechanism’

On Monday, Sven Henrich, the founder and the lead market strategist for northmantrader.com discussed bitcoin “rallying in the face of this crisis.” The technical analyst and market commentator highlighted four…

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