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The US Department of Justice issued a vague statement on Wednesday that it would announce major international cryptocurrency enforcement action, and noting that the US Treasury Department would also make its own statement.
The US Treasury Department will also announce action in this space, the statement said.
U.S. officials from each agency will deliver their remarks around 12 p.m. in Washington DC, according to the statement.
It’s unclear what the DOJ and Treasury Department mean by enforcement action, but the announcement comes at a time when former FTX crypto exchange CEO Sam Bankman-Fried is facing tough challenges. charges of wire fraud, securities fraud and conspiracy.
His company has long been considered one of the largest crypto exchanges alongside Binance filed for bankruptcy after allegedly using and losing client funds as investment capital. Investigators believe FTX lost nearly $8 billion of its clients’ money before filing for bankruptcy.
View Latest Update 1674061153Bitcoin Price Drops Amid Major Crypto Announcement From DOJ
The price of bitcoin fell 5% in the space of an hour after the US Department of Justice announced plans to introduce major international cryptocurrency enforcement measures.
The global crypto leader rose from $21,500 to around $20,500, reversing an upward trend that had seen its price rise by almost a third since the start of the year.
Read more about The Independents Anthony Cuthbertson in his story below…
Graig Graziosi18 January 2023 16:59
1674060941Crypto Exchange Binance Calls for Stream of Salute Emojis as DOJ Announces Crypto Action
Binance, the world’s largest crypto exchange, posted a bizarre tweet on Wednesday saying that today looks like a day to attempt a world record, before asking followers to leave hi emojis in the comments.
The post was released around the same time the DOJ announced that it plans to announce major crypto enforcement action at a press conference this afternoon.
Graig Graziosi18 January 2023 16:55
1674059858Economist Dr Doom says 90% of crypto is a scam in Davos
Dr Nouriel Roubini, sometimes called Dr Doom for his grim economic forecasts, said 90% of crypto was a scam at the World Economic Forum in Davos on Wednesday.
FTX and SBF are not an exception, they are a rule, he said at a Yahoo Finance event.
He then predicted an upcoming bust.
Literally 90% of crypto is a scam. Criminal activity, he said. A real total bubble Ponzi scheme that goes bankrupt.
Graig GraziosiJanuary 18, 2023 4:37 PM
1674058802Welcome to the live blog
Welcome to The Independents’ live coverage of the Department of Justice and the Department of the Treasury as they announce major international cryptocurrency enforcement action later today.
Stay with The Independent for the latest updates.
Graig Graziosi18 January 2023 16:20
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Sources 2/ https://news.google.com/__i/rss/rd/articles/CBMid2h0dHBzOi8vd3d3LmluZGVwZW5kZW50LmNvLnVrL25ld3Mvd29ybGQvYW1lcmljYXMvZG9qLWNyeXB0b2N1cnJlbmN5LWFubm91bmNlbWVudC10b2RheS1iaXRjb2luLW5ld3MtbGl2ZS1iMjI2NDU5NC5odG1s0gF7aHR0cHM6Ly93d3cuaW5kZXBlbmRlbnQuY28udWsvbmV3cy93b3JsZC9hbWVyaWNhcy9kb2otY3J5cHRvY3VycmVuY3ktYW5ub3VuY2VtZW50LXRvZGF5LWJpdGNvaW4tbmV3cy1saXZlLWIyMjY0NTk0Lmh0bWw_YW1w?oc=5 The mention sources can contact us to remove/changing this article |
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