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South Korea Reportedly Freezes Do Kwon’s Crypto Worth $40M — Luna Founder Says the Funds Are Not His – Regulation Bitcoin News
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South Korea Reportedly Freezes Do Kwon’s Crypto Worth $40M — Luna Founder Says the Funds Are Not His – Regulation Bitcoin News

South Korean authorities have reportedly frozen $40 million in crypto assets, including bitcoin, allegedly belonging to Luna founder Do Kwon. However, Kwon denied that any funds of his have been frozen. “I don’t even use Kucoin and Okex, have no time to trade, no funds have been frozen,” he insisted. Prosecutors Say They’ve Frozen Do...

Crypto Touted by Kim Kardashian Climbs 124% After SEC Charges, Token Value Dumps the Next Day – Bitcoin News
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Crypto Touted by Kim Kardashian Climbs 124% After SEC Charges, Token Value Dumps the Next Day – Bitcoin News

Following the U.S. Securities and Exchange Commission (SEC) charges against the socialite Kim Kardashian for unlawfully touting the crypto asset ethereummax, the digital currency jumped 124% in value. However, the ethereummax pump was followed by a massive dump as the cryptocurrency slid 47% lower than the high it reached on October 3. EMAX Token Markets...

Federal Energy Agencies’ Unwillingness to Act on White House’s Crypto Mining Recommendations Miffs US Lawmaker – Regulation Bitcoin News
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Federal Energy Agencies’ Unwillingness to Act on White House’s Crypto Mining Recommendations Miffs US Lawmaker – Regulation Bitcoin News

Jared Huffman, a United States lawmaker who advocates for increased scrutiny of crypto-mining entities, has reportedly chastised U.S. energy agencies that he accuses of failing to act on the White House’s call on them to do “reliability assessments of current and projected crypto-asset mining operations on electricity system reliability and adequacy.” However, a commissioner at...

SEC Chair Gensler Insists Most Crypto Tokens Are Securities — Says ‘the Law Is Clear’ – Regulation Bitcoin News
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SEC Chair Gensler Insists Most Crypto Tokens Are Securities — Says ‘the Law Is Clear’ – Regulation Bitcoin News

The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has reiterated that most crypto tokens are securities, emphasizing that “the law is clear on this.” However, the Commodity Futures Trading Commission (CFTC) has asked Congress for authority over crypto spot markets and several bills have been introduced in Congress this year to...

Top US Regulators Urge Congress to Pass Legislation on Crypto Assets – Regulation Bitcoin News
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Top US Regulators Urge Congress to Pass Legislation on Crypto Assets – Regulation Bitcoin News

The U.S. Financial Stability Oversight Council (FSOC), a group of the country’s top financial regulators, has urged Congress to pass legislation for the regulation of crypto assets. Treasury Secretary Janet Yellen said: “Crypto-asset activities could pose risks to U.S. financial stability if their interconnections with the traditional financial system or their overall scale were to...

Pro-Russian Groups Raised $400,000 in Crypto Since Ukraine Invasion, Report Reveals – Bitcoin News
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Pro-Russian Groups Raised $400,000 in Crypto Since Ukraine Invasion, Report Reveals – Bitcoin News

Groups supporting Russia’s war effort in Ukraine have been actively collecting cryptocurrency to fund paramilitary operations and evade sanctions, researchers say. According to a new report, these organizations use Telegram to raise money then used to pay for equipment and training. Paramilitary Groups Employ Cryptocurrency to Fund Russian Operations in Ukraine Pro-Russian groups have reportedly...

Crypto losses total $428M in Q3, down 36% from previous quarter
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Crypto losses total $428M in Q3, down 36% from previous quarter

Crypto “losses” continued to decline in the third quarter, a new report shows. Immunefi’s Crypto Losses Q3 report found $428,718,083 worth of losses in Q3, down 36% from $670,698,280 in Q2 and a drop of 62.9% from $1,155,334,775 during the year-ago quarter. Crypto losses are defined as a combination of hacks and alleged fraud incidents...