Brooks did not respond to requests for further comment. A spokesperson for Binance declined to comment.
NEW YORK (AP) — An Australian man who pleaded guilty to securities fraud for cheating investors in his cryptocurrency fund of over $50 million was sentenced to over seven years in prison Wednesday by a judge who questioned the sincerity of his apology.
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Gensler recently went so far as to say investors are “likely to get hurt” if stricter regulation is not introduced. Plus, the IRS has an obvious interest in making sure investors know how to report virtual currency when they file their taxes.
Cryptocurrencies’ supply and value are controlled by the activities of their users and highly complex protocols built into their governing codes, not the conscious decisions of central banks or other regulatory authorities.
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WASHINGTON (AP) — The Justice Department has recovered most of a multimillion-dollar ransom payment made to hackers after a cyberattack that caused the operator of the nation's largest fuel pipeline to halt its operations last month, officials said Monday.
Binance represents the collection of a huge number of customers all over the world. Naturally, this means that the Binance international exchange has a very large liquidity pool. As the world leader in centralized exchanges, Binance also has a world-leading liquidity pool. In May of 2021, the crypto exchange recorded a spot trading volume of $1.5 trillion.
Cryptocurrency can be mined by people by using computers. By mining cryptocurrency, people are rewarded small amounts of Bitcoin or another crypto for doing so.
This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Binance US names Ant exec Shroder president 10 September 2021 The US arm of Binance has appointed former Ant Group and Uber executive Brian Shroder president, replacing Brian Brooks who quit suddenly in August after just four months in the job.
Worth noting: Once upon a time, cryptocurrency mining was a potentially lucrative side business for those with the resources to invest in power- and hardware-intensive mining operations.
Bitcoin (BTC) and Ether (ETH) have again risen to a new all-time high on Nov. 10, indicating that the trend remains firmly in favor of the bulls.
Cryptocurrency trading is not an unusual practice any longer, particularly Nowadays when digital collectors and investors are extensively involved over these digital currencies. We already know that the crypto market is exceptionally uncertain. The most recent fluctuations in costs and abrupt decline are proof of this assertion. There are already a few cryptocurrencies accessible in the blockchain platform. The new eye grabbers have been Ethereum, bitcoin, StopElon, and Dogecoin. The crypto world has numerous different currencies. SafeMoon is a new crypto that is quickly getting noticed around the world. You can see SafeMoon everywhere on the web now. Table of content What is SafeMoon? How does SafeMoon work? How to purchase SafeMoon? Closing Thoughts What is SafeMoon?
GARY GENSLER: This asset class is rife with fraud, scams and abuses in certain applications. There's a great deal of hype and spin about how crypto assets work.
The flag-wavers point to these and other concerns to warn that SafeMoon may not, in fact, be safe.
Business News›Markets›Cryptocurrency›Binance US CEO Brooks resigns just three months into job
There are currently three broad categories of cryptocurrency: Bitcoin, altcoins, and Tokens.
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