The European Parliament has voted to adopt a package of laws to strengthen the EU’s AML and terrorist financing toolkit, with a particular impact on the cryptocurrency industry.
Share prices of Big Tech companies Google and Microsoft shot up on Friday, a result of large investments in artificial intelligence (AI) that led to immediate revenue returns.
The British Business Bank has appointed Kristen McLeod CBE as its new Chief Strategy Officer, effective from September 2024.
Nvidia-backed AI startup Synthesia unveils “Expressive Avatars,” enabling AI to convey human emotions and movements for corporate presentations and training.
The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee (SBCFAC) is set to convene on Monday, May 6, 2024, to discuss key
The arrest of the founders of Samourai Wallet led to widespread concerns in the crypto community that the U.S. government was attempting to crack down on the industry
The post Terraform Labs Faces Injunction Order To Limit Its Operations Amidst US User Access After SEC Ruling appeared first on Coinpedia Fintech News Terraform Labs, the company headed by criminally charged Do Kwon that caused the million-dollar crypto crash in 2021, announced that it will restrict US users from accessing certain products and features starting next week. The move is a response to the Securities and Exchange Commission’s injunctions following a court ruling against the firm and its former CEO, Do Kwon, who is still held back in Montenegro. Key Restrictions and Regulatory Compliance The SEC has proposed a conduct injunction that may require Terraform Labs to limit its operations within the US. This could involve geoblocking or restricting US users from accessing specific products and services. However, Terraform Labs has not yet provided detailed information on which features will be affected. Withdrawing Liquidity and Restructuring Terraform Labs will withdraw $23.8 million in liquidity from various platforms, including Astroport, Ura, and White Whale. The withdrawals, scheduled for April 26, involve several LUNA pairs. This liquidity shift is a measure taken by Terraform Labs to restructure its capital following the SEC’s ruling, suggesting further changes to come. Earlier this year, a court found Terra and its former CEO, Do Kwon, liable for fraud following a trial that began in March 2023. The SEC has proposed penalties totalling $5.3 billion, marking one of the most substantial fines in the history of the cryptocurrency industry. The fines include a $4.2 billion disgorgement penalty and additional civil penalties for both Terraform Labs and Do Kwon. Continued Legal Challenges and US Restrictions Terraform Labs’ compliance with the SEC’s expected injunction will likely shape the company’s future activities within the US. The SEC’s ruling has significant implications, particularly for US-based users. Following its Chapter 11 bankruptcy in January 2023, Terraform Labs has faced ongoing financial struggles, and this latest ruling further complicates its operational capabilities. Wider Industry Impact The Terraform Labs ruling has broader implications for the cryptocurrency industry. It highlights regulatory compliance and the potential for stricter enforcement by the SEC. These recent developments could set a precedent for other companies operating within the cryptocurrency space, emphasizing the importance of adhering to regulatory frameworks.
The post Legendary Trader Turns Millions: From WIF to Boden & BONK, Sets Sights on PUPS & POPCAT Next! appeared first on Coinpedia Fintech News Renowned investor Paulo.sol has emerged as a standout figure in the cryptocurrency market, accumulating significant profits through strategic investments in various digital assets. According to insights from blockchain tracking platform LookonChain, paulo.sol realized remarkable gains of $9.51 million on WIF, $7.04 million on Boden, and $6.28 million on BONK, reflecting a track record of success in the digital asset space. What a legend!paulo.sol has realized profits of $9.51M on $WIF, $7.04M on $boden and $6.28M on $BONK.1/ Let's dig into his trades to see what he's buying. pic.twitter.com/2axUwHb3el— Lookonchain (@lookonchain) April 26, 2024 Breaking Down Paulo.sol’s Profits The journey of paulo.sol’s trading success begins with the strategic identification of promising tokens. Back in November 2023, paulo.sol seized an opportunity with BONK, purchasing the token during a period of low prices and selling at opportune highs, resulting in significant profits totaling approximately $6.28 million. Timing is Key Moreover, paulo.sol demonstrated a knack for timing with subsequent investments. On December 4, 2023, paulo.sol turned attention to WIF, followed by a well-timed entry into $boden on March 6, 2023, during notable price surges. 3/ On Dec 4, 2023, paulo.sol spotted $WIF and bought it.On Mar 6, paulo.sol spotted $boden and bought it.paulo.sol did not buy $WIF and $boden when they first went online, but paid attention to and bought heavily when they first rose sharply. pic.twitter.com/122Pkmn52g— Lookonchain (@lookonchain) April 26, 2024 These calculated moves contributed to paulo.sol’s current holdings of 12.87 million $boden, valued at around $7.6 million, and 1.87 million $WIF, valued at approximately $5.7 million. Recent Investments in PUPS & POPCAT Notably, paulo.sol’s recent ventures into PUPS and POPCAT coins highlight ongoing investment strategies. Today, paulo.sol invested $1.77 million to acquire 4.3 million $POPCAT for $0.42 per token. 5/ We noticed that paulo.sol is buying $PUPS and $POPCAT recently.He spent $1.77M to buy 4.3M $POPCAT at $0.42 today.And he has spent $5.97M to buy 101,712 $PUPS at $59 since Apr 11, becoming the largest holder of $PUPS on #Solana. pic.twitter.com/ewYcbiCaoo— Lookonchain (@lookonchain) April 26, 2024 Furthermore, since April 11, paulo.sol has acquired 101,712 $PUPS, becoming the largest holder of $PUPS on the Solana blockchain with an investment of $5.97 million. Paulo.sol’s success highlights the potential for significant gains in cryptocurrency trading, fueled by market insights and strategic decision-making.