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Bithumb faces proposed 6-month partial ban over AML violations in South Korea

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South Korean cryptocurrency exchange Bithumb has received a preliminary notice of sanctions that could lead to a partial suspension of its activities for six months, local media report. The advisory comes from the Financial Intelligence Unit (FIU) of the Financial Services Commission, which oversees crypto companies’ anti-money laundering compliance under the Reporting and Use of […]

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Crypto has no place in an AI portfolio because it’s ‘a different animal,’ says tech investor

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Tech investor Imran Khan says cryptocurrency does not play a significant role in his AI investment strategy, arguing that the asset class operates on a fundamentally different thesis than the AI-driven productivity boom. Despite the growing narrative that AI and crypto will converge, Khan said he largely views them as separate investment themes. “Crypto is

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Global insurance broker Aon tests stable payments on Ethereum, Solana with Coinbase, Paxos

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Aon (AON), which advises on $5 trillion in assets as one of the world’s largest insurance brokers, said it has completed a proof of concept using stablecoins to settle insurance premium payments, an early sign that dollar-pegged tokens could begin to integrate more deeply into corporate finance. The London-based company worked with crypto exchange Coinbase

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BTC rises 5% from worst levels overnight, reclaiming $69,000

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Crypto assets traded higher during the US session on Monday, rebounding from the sharp overnight losses that brought bitcoin. BTC$69,029.53 up to almost $65,000. Bitcoin was trading at midday at just under $69,000, up 2.5% over the past 24 hours, while Ether (ETH) reclaimed the $2,000 level, up 4% over the same period. Among crypto-related

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Bitcoin (BTC) could be the big winner if the US-Iran conflict continues for several months

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Bitcoin BTC$68,774.38 could win if a potential conflict between the United States and Iran drags on for months, as higher government spending, growing debt and lower interest rates create conditions that have historically supported the cryptocurrency, according to macrostrategist Mark Connors. Wars are expensive and financing them usually requires governments to issue more debt, said

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Paradigm, a16z, Winklevoss Capital, Balaji Srinivasan among ZODL investors

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Zcash Open Development Lab (ZODL), a new development group formed by the former core team of Electric Coin Company (ECC), has raised over $25 million in seed funding to continue building the privacy-focused cryptocurrency ecosystem. The round had support from Paradigm, a16z crypto, Winklevoss Capital, Coinbase Ventures, Cypherpunk Technologies, Chapter One, Balaji Srinivasan and several

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Bitmine (BMNR) Buys 61,000 Ether (ETH) as Tom Lee Sees End in Sight of Bear Market

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BitMine Immersion Technologies (BMNR), the largest Ethereum-focused treasury firm, purchased 60,976 ether (ETH) last week, increasing the pace of accumulation as the company bets that crypto prices are nearing the end of what it calls a “mini winter.” The latest purchase, worth around $120 million at current prices, brought BitMine’s ETH holdings to over 4.5

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