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A special purpose acquisition company (SPAC) linked to Kraken has filed for a $250 million initial public offering (IPO) aimed at investing in crypto infrastructure. The SPAC, named "Kraken SPAC," plans to focus on companies that support the growth and development of the cryptocurrency ecosystem. The move reflects
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Italy's financial regulator, CONSOB, has issued a warning to "finfluencers"—social media influencers promoting financial products—amid heightened concerns over cryptocurrency risks highlighted by the European Securities and Markets Authority (ESMA). The regulator emphasizes that these influencers must comply with existing financial regulations and disclose any
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Nigeria is implementing a new reform that links cryptocurrency oversight to tax identification numbers (TINs) in an effort to enhance regulatory control over the digital asset market. The initiative aims to ensure that all crypto transactions are traceable and compliant with tax regulations. This move is part of a broader
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The Democratic National Committee (DNC) has launched BlueVault, a new platform aimed at facilitating cryptocurrency fundraising for Democratic candidates. This initiative is part of an effort to modernize campaign financing and attract younger voters who are more engaged with digital assets. BlueVault will allow candidates to accept donations in various
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Eric Adams, the former mayor of New York City, is facing allegations of a $3 million rug pull related to the issuance of the NYC Token. The token was launched as part of a promotional initiative to boost the city's cryptocurrency profile. However, investors have raised concerns about
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Eric Adams' NYC Token has experienced a significant decline in value following allegations of liquidity extraction. The token, which was launched to promote New York City's cryptocurrency initiatives, faced scrutiny after reports emerged suggesting that funds were being withdrawn from liquidity pools. This has raised concerns among
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Traders are selling Ether, leading to a decline in its price, while Solana and XRP are experiencing rallies. Monero has surged past $640, marking a significant increase. The market dynamics suggest a shift in investor sentiment, with some cryptocurrencies gaining traction amid the sell-off of others. Overall, the cryptocurrency landscape
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A recent analysis suggests that Bitcoin may be undervaluing the likelihood of a rate cut by the Federal Reserve in January. Market expectations indicate a higher probability of interest rate reductions, which could positively impact Bitcoin's price. Analysts argue that Bitcoin's current pricing does not fully
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XRP has experienced a 1% increase as traders anticipate potential catalysts for a breakout. Market analysts are closely monitoring developments in regulatory clarity and overall market sentiment, which could influence XRP's price movement. The cryptocurrency's recent performance reflects a broader trend in the market, where traders
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A court has issued a temporary injunction preventing the state of Tennessee from taking action against Kalshi, a cryptocurrency exchange that offers event contracts. The state had sought to regulate Kalshi's operations, claiming they violated local laws. Kalshi argued that its contracts are legal and should be classified
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Bitwise Asset Management has criticized the reluctance of 401(k) plans to include Bitcoin as an investment option, labeling it a "ridiculous" stance. The firm argues that this aversion to cryptocurrency is unfounded, especially as institutional interest in Bitcoin continues to grow. Senator Elizabeth Warren has been pressing
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VanEck analysts predict that increased regulatory clarity in the cryptocurrency market will encourage investors to adopt a "risk-on" approach in the first quarter of the year. They believe that clearer guidelines will boost confidence and attract more institutional investment into digital assets. The firm emphasizes that this shift