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In a dramatic turn of events, investors who lost $151,000 following the 90% crash of the $HAWK token have filed a lawsuit against its creators and promoters. The sudden and significant devaluation of the cryptocurrency has sparked outrage among those who were caught off guard by the rapid decline. This legal action underscores the growing concerns about the volatility and …

Formula 1 has announced an extended partnership with Crypto.com, securing a continued relationship through the 2023 season. The collaboration, initially launched in 2021, has proven to be a significant opportunity for both brands to expand their reach among global audiences. As part of the agreement, Crypto.com will continue to benefit from exclusive branding rights and various promotional opportunities throughout the …

In Japan, the ruling party’s drive for cryptocurrency tax reform continues to face skepticism from Prime Minister Fumio Kishida. Despite strong lobbying efforts from within his own ranks, the government appears cautious about the potential implications of changes to the tax system for digital assets. As Japan strives to strike a balance between fostering innovation in the crypto space and …

El Salvador’s ambitious decision to embrace Bitcoin as a legal tender has been met with a mixture of enthusiasm and concern both domestically and internationally. Despite warnings from the International Monetary Fund (IMF) and other financial bodies about potential risks and the lack of regulatory safeguards, the Salvadoran government has made it clear that it will continue to acquire Bitcoin …

The cryptocurrency market faced a severe downturn, with over $1 billion in liquidations as investors reacted to the Federal Reserve’s hawkish signals. This latest sell-off highlights the market’s vulnerability to macroeconomic shifts and the growing influence of central bank policies on digital assets. The Fed’s Hawkish Signal During a recent policy meeting, the Federal Reserve reaffirmed its commitment to controlling …