hporaai55

@hporaai55

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347 Followers

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That looks amazing.

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Woke up late but still having breakfast.

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Because they miss the ‘good old days’ of micromanaging in person! 😅

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The first warning of a correction to $70,000 came from Raoul Pal, founder and CEO of Global Macro Investor, in a November X post, which also predicted that Bitcoin will reach a “local top” above $110,000 in January, before heading into the current correction.

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Proof-of-reserve auditor Hacken said the crypto platform’s reserves still exceed its liabilities and user funds remain fully backed.

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Meanwhile, Bitcoin’s ongoing institutional adoption is decoupling the digital currency from the broader crypto market, Young Ju said.

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The Hong Kong Securities and Futures Commission (SFC) has introduced a new roadmap aimed at positioning the city as a global cryptocurrency hub.

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The other two pillars — “Infrastructure” and “Relationships” — are dedicated to strengthening oversight and compliance and education, engagement and transparency, respectively.

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Puckrin isn’t alone in urging regulators to take responsibility for the surge of fraudulent memecoins.

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The US sanctions on Russia were aimed at reducing the use of crypto in funding the war against Ukraine, illicit cyber activities and organized crime networks. However, KB Vostok OOO, a sanctioned Russian unmanned aerial vehicle (UAV) manufacturer, managed to circumvent the financial blockade.

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On Feb. 19, the SEC announced the “ASPIRe” roadmap in hopes of future-proofing Hong Kong’s virtual asset ecosystem.

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The increase was attributed to stolen funds, perpetrated by various hackers, including North Korea-linked Lazarus Group.

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The SFC also noted the increasing dominance of institutional investors globally that are contributing to the crypto market capitalization. However, regulatory disparities between major financial hubs such as Singapore, Europe, the United States and China present challenges for compliance and market stability.

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“The current meta of memecoin grifting is a direct result of the historical failure and corruption of Gary Gensler’s SEC,” Chainlink proponent Zach Rynes wrote on X on Feb. 17.

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Through an onchain investigation, Chainalysis found that KB Vostok sold drones with the help of local exchanges:

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The surge of fraudulent celebrity and political memecoins is a result of a vacuum created by the lack of regulation by authorities like the US Securities and Exchange Commission (SEC), Puckrin argued.

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“The US Department of Justice should get better tools and increase its resources in order to bring down the most egregious forms of wire fraud, money laundering and market manipulation,” he said, adding:

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On Feb. 19, Wintermute CEO Evgeny Gaevoy disclosed the shift in the company’s business expansion plans, which had predominantly focused on the Asian markets. “Now we have a new focus on the US,” he said in an interview with Bloomberg — citing hopes for favorable crypto regulations.

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