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Upbit accused of large-scale KYC breaches, possible money laundering links
South Korea’s Financial Intelligence Unit (FIU) of the Financial Services Commission is investigating Upbit for what could be one of the largest KYC scandals in crypto history. Authorities have reportedly uncovered between 500,000 and 600,000 suspected breaches of customer verification rules. These violations came to light during a detailed review of Upbit’s business license renewal. […]Cryptopolitan
Fri, Nov 15
Solidion Technology adopts Bitcoin as a corporate treasury asset
Solidion Technology has announced a corporate treasury strategy involving buying Bitcoin using excess cash reserves. The company said in a press release that Bitcoin is a strategic asset and, therefore, a long-term store of value.Cryptopolitan
Fri, Nov 15
Elon Musk cleared from Dogecoin rigging lawsuit
Crypto investors who appealed the Aug 29 dismissal of the case against Elon Musk for fraud and insider trading are taking the lawsuit back. In addition to the withdrawal of their appeal, the investors are letting go of the sanctions against Musk’s lawyers. They previously alleged that Tesla’s CEO’s lawyers were fraudulently interfering in the […]Cryptopolitan
Fri, Nov 15
Norway’s financial task force warns against rushing in CBDC
Norway’s financial task force has warned against introducing central bank digital currency. It recommends policymakers to establish a strong regulatory framework for a safer future rollout. On 15th November a Bloomberg report shared the Norwegian committee’s recommendation for steady and slow adoption of the CBDC. The report which was submitted to Trygve Slagsvold Vedum, Norway’s […]Cryptopolitan
Fri, Nov 15
Layoffs at JUMPSHIP as Thunderful ends development of Sommerville spiritual successor
Thunderful Games announced that it will be taking a new strategic approach by conducting layoffs that will also affect JUMPSHIP studio. JUMPSHIP co-founder Dino Patti also announced that the layoffs mean canceling Sommerville's spiritual successor, codename #ThreeOne. Patti also warned other game studios not to partner with Thunderful.Cryptopolitan
Fri, Nov 15
UK faces economic stagnation in Q3 as dominant services sector falters
According to the Financial Times (FT), the UK economy stalled in quarter three as the services sector lost steam. The 0.1% growth in Q3 was way below the 0.5% expansion in Q2 and the 0.2% expected by economists.Cryptopolitan
Fri, Nov 15
