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Web3 Music Streaming Platform Audius Integrates TikTok Audius users can sign up for the application with their TikTok profiles and use the streaming service’s songs in their videos on the social-media platform. #music #audience #tiktok #socialmedia #Web3

Web3 Music Streaming Platform Audius Integrates TikTok

Audius users can sign up for the application with their TikTok profiles and use the streaming service’s songs in their videos on the social-media platform.

#music #audience #tiktok #socialmedia #Web3

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🚨 Recent rumors circulated about a supposed directive from the Central Bank of Nigeria (CBN), purportedly warning local financial institutions against involvement with cryptocurrencies and supporting crypto exchanges. 📉 This came as a surprise since Nigeria had lifted a previous ban on banks collaborating with digital asset providers just four months earlier. 📰 Reports suggested the CBN issued a circular advising banks and financial bodies to steer clear of cryptocurrency transactions, referencing a prior prohibition. 🛑 The alleged directive also named specific crypto exchanges like Binance and OKX as off-limits and outlined measures against entities involved in crypto transactions, including a six-month account freeze. 🔍 However, the CBN swiftly addressed these rumors, stating via social media that the circular was fabricated and not issued by their office. 💼 Separately, the Economic and Financial Crimes Commission (EFCC) took action by freezing over 300 accounts linked to illicit forex activities on a P2P platform. 🔒 The EFCC chairman clarified that this move aimed to combat schemes harmful to the country’s economic security, noting that unauthorized transactions exceeded those of known entities like Binance. 💡 These developments highlight the complexities and ongoing scrutiny within Nigeria's financial sector, particularly regarding cryptocurrencies and foreign exchange regulations. #CBDCs #CBDC. #bitcoin #Metaverse
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⚖️ Ripple has made a bold legal maneuver, countering the SEC's demand for nearly $2 billion in penalties with a proposed fine of just $10 million. 🔍 This comes after a court found Ripple guilty of selling its cryptocurrency, XRP, to institutional investors without proper registration. 📜 Ripple filed a detailed 186-page document, pushing back against the SEC's harsh penalties, acknowledging the court's ruling and adapting its business practices accordingly. 🛡️ Ripple argues against the necessity of further punitive actions, such as an injunction, citing its acceptance of the previous court decision and proactive adjustments to comply with legal standards. 💼 The company disputes the SEC's call for disgorgement, stressing that there's no evidence of financial harm to investors from Ripple’s actions. 💰 Regarding civil penalties, Ripple advocates for a much lower amount than the SEC proposes, citing precedents and the nature of the infringement. ⚖️ The XRP lawyer community supports Ripple’s defense, viewing its arguments as strong against the SEC’s demands, while critics like Jeremy Hogan anticipate a swift decision from Judge Torres. 💡 This legal standoff is pivotal, potentially shaping the regulation and legal treatment of cryptocurrencies in the U.S. #xrp #XRP
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🔍 The U.S. Department of Justice (DOJ) has strongly opposed Tornado Cash developer Roman Storm's bid to dismiss his criminal indictment, arguing that the case involves intricate facts best decided by a jury. 🛡️ In a robust filing on Friday, the DOJ countered the defense's portrayal of the cryptocurrency mixing service, Tornado Cash, which stands accused of being a conduit for money laundering by criminal groups like North Korea’s Lazarus Group. ⚖️ Storm and co-developer Roman Semenov face charges of money laundering conspiracy, operating without a money-transmitting license, and violating sanctions laws. 🔒 Storm's defense argued for dropping the charges, contending that Tornado Cash is not a "financial institution" due to its non-custodial nature, and Storm lacked control over its users. 💼 The DOJ rebuffed these arguments, portraying Tornado Cash as a mixer with various components launched in 2019, emphasizing Storm's significant involvement in its operation. 📜 The filing dismissed Storm's assertions about control mechanisms within Tornado Cash, asserting that evidence will demonstrate Storm's and his associates' control over the platform. ⚖️ Storm's trial is set for September, while Semenov remains at large, underscoring the ongoing legal confrontation over cryptocurrency platforms and the regulatory and prosecutorial challenges in this rapidly evolving sector. #CryptoNews🚀🔥
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🚨 The U.S. Securities and Exchange Commission (SEC) is reportedly proposing a staggering $5.3 billion fine against Do Kwon, the founder of the Terra ecosystem, marking a potential record in the cryptocurrency sector. 💼 Following Kwon's recent fraud conviction, the SEC alleges that he and Terraform Labs unlawfully profited nearly $4 billion from selling unregistered securities. 📰 The suggested penalty includes a $4.2 billion disgorgement to reclaim these gains, alongside $545 million in interest, with additional civil penalties of $420 million for the company and $100 million for Kwon himself. ⚖️ Kwon's defense contends that the token sales didn't fall under U.S. jurisdiction and thus didn't breach its laws. 🛂 Kwon's legal woes worsened after his 2023 arrest in Montenegro for possessing a counterfeit Costa Rican passport while en route to the UAE. 🔍 He currently awaits extradition to the U.S. and South Korea to face further charges linked to Terra's $40 billion collapse. #SEC #CryptocurrencyAlert
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📈 Matt Hougan, Chief Investment Officer at Bitwise, envisions a future where Bitcoin's volatility could plummet by 50% due to increased institutional participation. 💼 In an investor update, Hougan reaffirmed his price target of $250,000 for Bitcoin in the near future. 🚀 Leading up to the 2024 halving, Bitcoin reached record highs, a trend Hougan expects to continue post-halving, citing historical patterns. 📊 Hougan highlights the impact of spot Bitcoin ETFs, attracting institutional investors with disciplined strategies, promising to stabilize the traditionally volatile market. 📈 By 2028, Hougan anticipates Bitcoin becoming a staple in diversified portfolios, potentially constituting 5% or more of allocations. 💰 Capital inflows into Bitcoin ETFs could surpass $200 billion, bolstering Bitcoin's stability and cementing its status as a mainstream financial asset. 🔍 This optimistic projection acknowledges risks like market volatility and regulatory challenges associated with cryptocurrency investments. 🖼️ Hougan paints a future where Bitcoin not only gains wider institutional acceptance but also becomes a foundational element of investment strategies, reshaping its market dynamics by the 2028 halving. #Megadrop #BinanceLaunchpool #bitcoinhalving #BullorBear #BTC
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