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Binance’s Nigeria Unit Ordered to Halt ‘Illegal’ Operations by Securities Watchdog

Binance’s Nigeria Unit Ordered to Halt ‘Illegal’ Operations by Securities Watchdog

Nigeria’s order follows a lawsuit by the U.S. securities watchdog last Monday against the largest global crypto exchange by market capitalization, alleging it failed to register as a broker or exchange, and that it sold offered unregistered securities the...

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FTX authorized to ‘permanently redact’ names of individual customers: Report

FTX authorized to ‘permanently redact’ names of individual customers: Report

Bankrupt cryptocurrency exchange FTX has reportedly been granted permission to permanently remove individual customers from all court filings, while the names of companies and institutional investors will be sealed on a “temporary basis.” In recent times, several mainstream media...

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Hut 8 Says Repairs to Damaged Crypto Mining Equipment Are Taking Longer Than Expected

Hut 8 Says Repairs to Damaged Crypto Mining Equipment Are Taking Longer Than Expected

“Progress in bringing the equipment back online has been slower than expected given frequent curtailments and hardware failures due to power surges,” the Toronto-based company said on Friday. “As individual miner hashboards are repaired and re-installed, other hashboards are...

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Moody’s downgrades Coinbase citing ‘uncertain magnitude’ of SEC charges

Moody’s downgrades Coinbase citing ‘uncertain magnitude’ of SEC charges

Credit ratings agency Moody’s has downgraded its rating of Coinbase from “stable” to “negative” following the SEC’s legal action against the crypto exchange for allegedly operating as an unregistered securities broker. In a June 8 statement, Moody’s said the...

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