Flockerz meme coin raises 9.5 million dollars in presale before launch

Flockerz, a community-governed meme coin, has successfully raised $9.5 million in presale ahead of its exchange launch. The project features a Vote-to-Earn governance model, allowing FLOCK holders to influence decisions and earn rewards, with tokens priced at $0.0066616 each. The team has prioritized security with smart contract audits and plans to distribute staking rewards over two years, while 10% of the total supply is reserved for the exchange debut.

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SBI VC Trade Acquires DMM Bitcoin Assets After Major Hack

SBI VC Trade will acquire the accounts and assets of the hacked crypto exchange DMM Bitcoin on March 8, 2025, following a $305 million breach in May 2024. Customers will have their accounts transitioned automatically, and SBI will add 14 new cryptocurrencies to its platform while taking over leveraged trading pairs, excluding existing ones. Staking for certain assets will commence in April 2025, as DMM Bitcoin ceases operations after failing to recover from the attack.

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Undiscovered Investment Opportunities in the Australian Stock Market

The Australian stock market faces challenges, with the ASX200 down 1% and sectors like Discretionary and Financials declining, while Utilities and Energy show resilience. BSP Financial Group, a commercial bank with a market cap of A$3.10 billion, operates across several Pacific nations, generating significant revenue from its PNG Bank segment. Despite a high bad loan ratio of 4%, it maintains a strong allowance for these loans and trades at an attractive P/E ratio of 8x, although it recently reported negative earnings growth of -11.8%.

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South Korea’s Crypto Market Dynamics and Corporate Account Developments

South Korea’s cryptocurrency market is thriving, with retail investors driving transactions that surpassed $35 billion recently. Meanwhile, Meitu, dubbed Asia’s MicroStrategy, has sold all its crypto holdings for an $80 million profit, while DMM Bitcoin is set to liquidate after a significant hack. The Financial Services Commission is reportedly working on a roadmap for corporate crypto accounts, though no decisions have been finalized.

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Binance Leads 2024 Crypto Inflows Amid Market Challenges and Legal Issues

Binance’s 2024 crypto asset inflows are nearly 40% higher than those of its ten closest competitors combined, despite facing regulatory challenges and the imprisonment of former CEO Changpeng Zhao. The exchange has capitalized on the ETF approval and the meme coin boom, leading to significant institutional investment growth. However, it continues to navigate legal issues, including a recent ban in Cambodia and an $85 million tax claim from India.

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Cambodia Blocks 16 Cryptocurrency Exchanges Amid Regulatory Crackdown

Cambodia has intensified its regulatory measures by banning 16 cryptocurrency exchanges, including Binance and Coinbase, for operating without the required licenses from the Security and Exchange Regulator. This crackdown aims to combat potential crypto-related crime and follows a history of restrictions on digital assets in the country. Despite the ban, many of the exchanges’ mobile apps remain functional, highlighting the ongoing challenges in regulating the crypto space.

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Cambodia Blocks Major Crypto Exchanges Amid Regulatory Efforts

Cambodia has blocked access to 16 major cryptocurrency exchange websites, including Binance and Coinbase, due to a lack of licenses from the Securities and Exchange Regulator of Cambodia (SERC). This move is part of a broader crackdown on 102 domains, primarily targeting online gambling sites. Despite these restrictions, Cambodia remains a top 20 nation for retail crypto usage, with centralized exchanges accounting for 70% of transactions, raising skepticism about the effectiveness of such bans.

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Cambodia Blocks Major Crypto Exchanges Amid Regulatory Challenges and Scams

Cambodia has blocked access to 16 cryptocurrency exchange websites, including Binance and Coinbase, due to licensing issues with the Securities and Exchange Regulator of Cambodia. This action, part of a broader crackdown on online scams, reflects the country’s struggle to regulate a thriving yet unofficial crypto market, which has facilitated over $49 billion in transactions linked to online gambling and fraud. While the government aims to combat illicit activities, the lack of comprehensive licensing frameworks may deter legitimate players and hinder Cambodia’s potential as a regional fintech leader.

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Cambodia Blocks Major Crypto Exchanges Amid Regulatory Crackdown

Cambodia has blocked access to 16 cryptocurrency exchange websites, including Binance and Coinbase, due to their lack of licenses from the Securities and Exchange Regulator of Cambodia (SERC). This action is part of a broader effort to regulate the crypto market, despite the country being a leading nation for retail crypto use per capita. Currently, only two companies have received licenses under SERC’s “FinTech Regulatory Sandbox” program, allowing them to trade digital assets without converting them to local or foreign currencies.

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The Complexities of Sanctions and Historical Perspectives on American Actions

Two Zurich lawyers have been added to a US sanctions list amid ongoing tensions related to the war in Ukraine, highlighting the US’s push for stricter anti-money laundering laws in Switzerland. The US ambassador emphasizes the need to be on the “right side of history,” while contrasting the wealth of Ukrainian officials with the sacrifices made by others. As the US faces rising national debt, questions arise about who will finance its future endeavors.

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Radiant Capital loses over 50 million dollars in cryptocurrency theft

Radiant Capital reported a theft of over $50 million in cryptocurrency following a sophisticated security breach that compromised the devices of three trusted developers. The attackers used malware to gain access to private keys, allowing them to execute malicious transactions without obvious warning signs. U.S. law enforcement and blockchain security firms are investigating the incident, which is the second hack affecting the platform this year.

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Palau Launches Blockchain Bonds and Stablecoin to Enhance Financial Inclusion

Palau has launched a blockchain-based platform, Palau Invest, enabling citizens to invest in government bonds through a smartphone app, in collaboration with Ripple and Japan’s Soramitsu. This initiative includes a US dollar-pegged stablecoin aimed at enhancing financial inclusion and reducing transaction costs, while supporting national infrastructure projects. The platform, built on Hyperledger Iroha 2, seeks to modernize Palau’s financial services and promote economic growth.

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