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Crypto Exchange Beaxy Shuts Down Amid SEC Charges

Crypto Exchange Beaxy Shuts Down Amid SEC Charges

The cryptocurrency platform Beaxy and its management have been charged by the Securities and Exchange Commission (SEC). The banking watchdog’s continuous, ruthless onslaught on crypto companies doing business in the United States continues with this latest move. The SEC also filed charges against Chicago-based Beaxy Digital Ltd. for allegedly generating $8 million through the sale […]

Paxful to reimburse lost Celsius funds to Earn users

Paxful to reimburse lost Celsius funds to Earn users

Due to the collapse of Celsius Network, peer-to-peer marketplace Paxful will reimburse customers of its Earn program. According to a tweet from firm CEO Ray Youssef on March 29, cryptocurrency marketplace Paxful will reimburse customers of its Earn program who were impacted by the Celsius Network failure in 2022. Youssef said, “I’ve personally taken action […]

Australian Senator Proposes Digital Asset Regulation Bill

Australian Senator Proposes Digital Asset Regulation Bill

An Australian senator submits a measure to regulate the cryptocurrency market in the Australian Senate, claiming the necessity of doing so. To control the nation’s cryptocurrency industry, Australian Senator Andrew Bragg on Wednesday introduced a new bill, the Digital Assets (Market Regulation) Bill 2023, in the Australian Senate. It will facilitate the licensing process for […]

Dark Side of Cryptocurrencies – Risks, Scams, and Ponzi Schemes

Dark Side of Cryptocurrencies - Risks, Scams, and Ponzi Schemes

From hackers who take advantage of security holes to fraud by the people running the system. This article reveals the dark side of cryptocurrencies and everything you should avoid! It’s impossible to think that anyone working with cryptocurrencies doesn’t know the industry is rife with scams and theft and carries extraordinary risks. Any investor no […]