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Added on the 01/07/2022 08:26:18 - Copyright : Euronews EN
The US Justice Department announces it is fining Binance, the world's biggest cryptocurrency exchange, a total of $4.3 billion over violations of anti-money laundering and sanctions laws. "This is one of the largest penalties we've ever obtained from a corporate defendant in a criminal matter," US Attorney General Merrick Garland tells reporters. SOUNDBITE
Mark Cuban compared the cryptocurrency boom to the dot-com bubble. In a string of tweets he recommended buyers hedge their bets. He warned them about the dangers of debt in a string of tweets this week. "Watching the cryptos trade, it's EXACTLY like the internet stock bubble." Cuban sold his startup to Yahoo in 1999. He managed to protect his billion-dollar windfall when the market crashed a few months later. "My advice? Learn how to hedge," he tweeted.
The Hofa Gallery in London's Mayfair has opened its first art exhibition where visitors can buy works with cryptocurrency. The artworks, by twenty artists from across the world, can be purchased within seconds, after the buyer scans a special barcode. The concept is also due to be showcased in Thessaloniki and the US.
Mai Fujimoto, a Japanese aspiring entrepreneur and internet celebrity known as 'Miss Bitcoin' because she converted her entire life savings into cryptocurrencies in early 2017, right before the huge boom in crypto. In 2016, Fujimoto found a Bitcoin donation platform called 'Kizuna' that allows users to donate in Bitcoin to charitable causes.
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