Arthur Hayes warns investors against crypto companies without proof of reserves

Arthur Hayes has cautioned customers against investing in custodians that won’t publish a Proof of Reserves (PoR) Audit. He made the comment on Twitter on November 20, 2022, in light of the FTX contagion that has wrecked several crypto companies.…

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Crypto could ‘crash’ the financial system, US lawmaker warns

Cryptocurrency‘s latest turmoil, coupled with what has happened in recent months, paints a picture of an ecosystem that could distabilise the global financial system, Senate Banking Committee Chair Sherrod Brown has said.

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Heavy Taxation Could Kill India’s Cryptocurrency Market, Binance CEO Warns

Binance CEO Changpeng Zhao mentioned India’s high crypto taxes as something that can kill the Indian cryptocurrency sector. He said this while speaking at the Singapore Fintech Festival. “India has high tax which is probably going to kill the industry,” he said.

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US lawmaker warns of ‘major consequences’ for users of unregulated crypto firms, citing FTX

“FTX’s FTT tokens are now worthless, and even worse, FTX.com customers are completely unable to access their funds,” said Maxine Waters.

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OKX founder warns the FTX-Binance feud may hit the whole crypto market

OKX exchange founder Star Xu has today taken to Twitter to warn that the war between Binance and FTX, which are the two largest cryptocurrency exchanges by trading volume, could end up destabilizing the entire crypto market.

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Get Your Crypto Taxes in Order, Warns IRS as It Announces Investigations Into ‘Hundreds’ of Evaders

The tax collection agency of the United States is doubling down on tackling cryptocurrency tax evasion. The IRS’s Criminal Investigation division said it is preparing “hundreds” of cryptocurrency tax evasion cases, according to chief Jim Lee.

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Proposed UK Rules Will Make Advertising Crypto a Lot Harder, Industry Warns

Industry members are sounding the alarm on a proposed measure to require crypto service providers to comply with local advertising rules, which could add an additional layer of authorization to an already complex process.

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Google still promoting crypto phishing sites, warns Binance boss

In a tweet this week, CZ warned that when searching for CoinMarketCap on Google, phishing sites with an “ad” tag were showing up in front of the actual website.

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EU Stablecoin Caps Could Lighten or Get Tougher, French Official Warns

Limits on stablecoins not denominated in euros were among the most controversial elements of the European Union’s Markets in Crypto Assets law.

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Sam Bankman-Fried warns policymakers from locking in decisions that could impact DeFi

Regulating the decentralised finance (DeFi) space and the broader crypto market remains tough for regulators, and Sam Bankman-Fried has now warned against locking in decisions that could impact the space.

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Trustcheck: Chrome Plug-in Warns Crypto Users of Suspicious Activity on Their Device

There is now a "free" cyber security tool to protect users against crypto scams, hacks and fraud. The post Trustcheck: Chrome Plug-in Warns Crypto Users of Suspicious Activity on Their Device appeared first on BeInCrypto.

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Fed Vice Chair warns banks about crypto liquidity, urges stablecoin regulation

Federal Reserve Bank Vice Chair Michael Barr said that banks accepting crypto deposits should be aware of their increased liquidity risks in an October 12 speech published on October 17. The post Fed Vice Chair warns banks about crypto liquidity, urges stablecoin regulation appeared first on CryptoSlate.

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CryptoSlate Wrapped Daily: Bitcoin slumps after CPI release; Fed Vice Chair warns banks on crypto company deals

The biggest news in the cryptoverse for October 13 includes Bitcoin falling by 3% as CPI data of 8. 2% worsen fear of rate hikes, Binance allegedly filing inadequate financial reports in the UK, STEPN denying lay-off claims, and United States lawmakers demanding a probe of ERCOT for paying Bitcoin miners in Texas.

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Bank With Crypto Companies at Own Risk, Warns Fed Top Regulator

The interconnection between crypto companies during the market downturn over the past year highlighted the potential risks for banking organizations that become involved with them. The post Bank With Crypto Companies at Own Risk, Warns Fed Top Regulator appeared first on BeInCrypto.

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Acting CoC Michael Hsu: Crypto is ‘immature,’ but maybe it doesn’t have to go away

The acting U.S. official added nuance to his well-known skepticism about the crypto industry but warns against accommodation, in speeches on risk and regulation.

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US consumer protection watchdog warns crypto could pose risk to financial stability

A federal United States government organization said crypto markets pose a threat to broader financial stability if they continue growing without more thoughtful oversight and enforcement. The post US consumer protection watchdog warns crypto could pose risk to financial stability appeared first on CryptoSlate.

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UK Watchdog Warns Against FTX Weeks After Crypto.com Granted Business Approvals

The financial regulator of the United Kingdom has issued a warning to consumers against the FTX cryptocurrency exchange, just weeks after granting business approvals to Crypto. com. The post UK Watchdog Warns Against FTX Weeks After Crypto.

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Crypto Exchange FTX Not Authorized in UK, Financial Watchdog Warns

The U.K. Financial Conduct Authority warned Sam Bankman-Fried's firm may be providing financial services or products to local customers without its authorization.

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Bitcoin analyst who called 2018 bottom warns 'bad winter' may see $10K BTC

The winter of 2022–2023 is more than a headache for politicians and EU citizens — crypto hodlers worldwide may see a tangible impact, says Decentrader's Filbfilb.

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Some Cheap Crypto Mining Stocks Could Be Value Traps, Warns Asset Manager Valkyrie

Valkyrie took a look at which miners are best positioned to survive the extended market downturn.

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Saylor gets sued, FBI warns about DeFi exploits and Crypto.com drops $495M sponsorship: Hodler’s Digest, Aug. 28-Sept. 3

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Crypto & Stock Analyst Warns of Further Relief Rallies Before Eventual Breakout

The crypto markets face another downward momentum following a few weeks of persistent gains. Amidst this sudden price decline, well-known crypto and stock analysts ask investors to prepare for more hurdles.

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Jim Cramer Warns Crypto Will Take Your Life Savings

Longtime CNBC host Jim Cramer has urged investors to sell their cryptocurrencies, admitting that he was wrong

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FBI Asks DeFi Platforms to Increase Security Measures, Warns Crypto Investors Against Vulnerabilities

The warning comes after a slew of DeFi hacks this year, which has led to investors losing billions of dollars worth of crypto.

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10% of Ethereum Nodes Use a Web Hosting Service They’re Banned From

Around 10% of Ethereum nodes use Hetzners service today. Dont Use Us for Crypto, Hetzner Warns Ethereums reliance on centralized web hosting services has once again come under scrutiny in...

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US Federal Deposit Insurance Corporation Warns 5 Crypto Firms Against Misleading Customers

The US Federal Deposit Insurance Corporation (FDIC) has issued cease and desist letters to five crypto firms for allegedly misleading customers about its workings or their affiliation. According to a Friday statement, the agency accused FTX.

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No Safety Net From Crypto Collapses, German Regulator Warns

BaFin has toughened its warnings about consumers potentially losing all their money invested in crypto because they are unprotected, unlike holdings with regulated banks.

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US Treasury's Tornado Cash Sanctions Are ‘Unprecedented’, Warns Congressman

With just 28 legislative days left this year, “it’s unlikely that any crypto legislation is going to move,” U.S. Representative Tom Emmer said on CoinDesk TV’s “First Mover” show.

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US Treasury's Tornado Cash Sanctions Are ‘Unprecedented,’ Warns Congressman

With just 28 legislative days left this year, “it’s unlikely that any crypto legislation is going to move,” U.S. Representative Tom Emmer said on CoinDesk TV’s “First Mover” show.

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Treasury Tornado Cash Sanctions Are ‘Unprecedented’, Warns US Congressman

With just 28 legislative days left this year, “it’s unlikely that any crypto legislation is going to move,” U.S. Representative Tom Emmer said on CoinDesk TV’s “First Mover” show.

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Bitcoin price hits multiday low as data warns of ‘overbought’ stocks

Major resistance levels enter for U.S. equities, bringing with them fresh headwinds for crypto as Bitcoin and Ether lose $24,000 and $2,000, respectively.

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Peter Schiff Predicts Bitcoin Crashing To $10k, Warns HODLers To Dump Before It’s Too Late

Staunch Bitcoin critic Peter Schiff has called on crypto hodlers to dump their BTC holdings before it’s too late.

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Coinbase's Credit Rating Gets Cut by S&P, Which Warns Crypto Winter Might Prompt More Reductions

S&P Global dropped the crypto exchange giant's rating to BB from BB+, citing weak earnings and stiff competition.

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Bitcoin braces for US inflation data as CPI nerves halt BTC price gains

Another surprise inflation increase could make things “ugly” for crypto markets, one trader warns, with hours left before the CPI release.

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Mike Novogratz warns that 200x returns from crypto are ‘not normal’

Former-LUNAtic Mike Novogratz has told crypto investors that the insane returns seen in the crypto space are simply unsustainable.

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SEC Chairman Warns Against Crypto Investment Risks, Here’s Why

One of the forces not to be ignored as a crypto investor is the Security and Exchange Commission, SEC. The body does everything it can to either regulate crypto or scrap the industry if possible. Unfortunately, many digital operators, including network founders, exchange firms, and even top management in the space, have had issues with […]

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New Finder Report Suggests Bitcoin Could Crash As Low As $13,000 Before End Of Year

Crypto investors are scanning the horizons for fair market weather, but a recent survey warns that a thunderstorm is brewing with dark clouds.

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Sri Lanka’s Central Bank Warns The Public Against Crypto Purchases Despite The Economic Crisis

The Central Bank of Sri Lanka has warned the public against engaging in crypto-related activities citing the lack of regulations and accompanying risks. For the third time in less than three years, the bank stated on Tuesday that it had not issued any license or authorization to any firm to operate schemes involving Bitcoin or […]

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Sri Lanka’s Central Bank Warns Against Crypto Amid Economic Crisis

The Central Bank of Sri Lanka, or CBSL, has cautioned the public against buying cryptocurrencies due to a lack of regulatory monitoring at a time of economic and political upheaval. Sri Lanka Maintain “Crypto Is Illegal” Stance A public awareness notice was released by Sri Lanka’s central bank on July 12 in response to “recent […]

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Crypto Stealing Malware Found In Telegram Chats

US security firm SafeGuard Cyber finds crypto stealing trojan horse in Telegram chat image upload - warns of widespread social media vulnerability.

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Bitcoin price hits 7-day low as US warns of 'highly elevated' CPI data

Crypto market jitters around inflation expand with Bitcoin and Ethereum dropping to levels not seen since last week.

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Crypto’s Struggle May Not Be Over, BOE Warns

The Bank of England has also underscored the need for enhanced regulatory and law enforcement frameworks. BOE Warns Crypto Could Slide Further The Bank of England has warned that the...

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Bitcoin Recovers to Over $19K; Nomura Warns of US, UK Recession

Nomura warned of a recession in the eurozone, U.K. and Asia Pacific, which could affect crypto prices.

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Bitcoin Recovers to Over $19K, Nomura Warns of US, UK Recession

Nomura warned of a recession in the eurozone, U.K. and Asia Pacific, which could affect crypto prices.

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No AML Checks For Most Transfers To Unhosted Crypto Wallets, EU Policymakers Decide

A Wednesday meeting secured a final deal on anti-money laundering legislation for crypto transfers which the industry warns could prove harmful for innovation and privacy.

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Massachusetts Warns of Crypto Scams Targeting LGBTQIA+ Community

The government of Massachusetts has warned of the prevalence of cryptocurrency scams targeting the LGBTQIA+ community on social media, dating apps and elsewhere.

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Crypto Sleuth Warns That Justin Sun’s USDD Is Following Path of Terra’s UST

Self-proclaimed Internet detective, Cofeezilla has said Justin Sun's new algorithmic stablecoin, USDD, is towing the path of becoming the next LUNA/UST. The post Crypto Sleuth Warns That Justin Sun’s USDD Is Following Path of Terra’s UST appeared first on BeInCrypto.

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Crypto Scammers Pose ‘Significant Threat’ On LinkedIn, FBI Agent Warns

Crypto scammers are on the loose, and this time, they’re preying on unsuspecting individuals on this popular social networking site. If you frequently connect and converse with strangers online, particularly on LinkedIn, you may want to take extra precautions as the bad guys are now getting smarter.

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BIS report warns about front-running threat in crypto mining

A fresh report from the Bank for International Settlements comes to a radical conclusion, claiming that the public identities of intermediaries are necessary to fight “miner extractable value.”

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