A tweet sends DOGE pumping while the UK cracks down on unregistered crypto ATMs

Published Feb 15, 2023
By Qredo Team

Qredo’s daily briefing gives you the visibility you need of the ever changing world of crypto to help you make the best decisions and reach your financial goals.

The Financial Conduct Authority (FCA) is cracking down on unregistered crypto ATMs in the UK. So far, the FCA and the West Yorkshire Police’s cyber crime team have taken action against several sites that they’ve suspected of hosting unregistered machines that offer crypto services.

Binance and Huobi have frozen accounts linked to last June's $100 million Harmony Horizon bridge hack once again. Around $1.4 million worth of the frozen crypto assets came from accounts linked to the Lazarus Group, operating out of North Korea.

Traders began pumping DOGE when Elon Musk posted a meme of his shiba inu at the Twitter HQ. The post, captions “the new CEO is amazing”, sent DOGE up by 5.4%. This post was a reference to a previous post by Musk in December. He ran a poll on whether or not he should continue to run the company, and claimed to have begun looking for a new CEO when he lost the poll. 

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