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11 months, 1 week agoUK Government Outlines Phased Regulation of Fiat-Backed Stablecoins
The UK government has released a policy update outlining the regulation of fiat-backed stablecoins in the country. The update focuses on two areas: the use of stablecoins in payment chains and their issuance and…
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11 months, 1 week agoUniswap Foundation Transfers $40 Million Worth of UNI Tokens to Crypto Exchanges
Uniswap Foundation has transferred nearly 10 million UNI tokens, worth over $40 million, to various crypto exchanges in the past week. According to blockchain analyst Lookonchain, 3.4 million UNI tokens were sent…
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bob wrote a new post
11 months, 1 week agoUK Government Plans to Regulate Fiat-Backed Stablecoins Under FCA Authority
The United Kingdom government has released an update on its plans to regulate fiat-backed stablecoins. The aim is to facilitate and regulate the use of these stablecoins in the country’s payment chains. The g…
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bob wrote a new post
11 months, 1 week agoSingapore's Central Bank Partners with European Countries and Japan for Crypto Initiatives
The Monetary Authority of Singapore (MAS) has announced its plans to collaborate with the Financial Services Agency of Japan (FSA), the Swiss Financial Market Supervisory Authority (FINMA), and the United…
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bob wrote a new post
11 months, 1 week agoZodia Custody Expands Crypto Services to Hong Kong Amid Rising Institutional Demand
Zodia Custody, a crypto custody platform co-owned by Standard Chartered, SBI Holdings, and Northern Trust, has expanded its services to Hong Kong. This move comes in response to the increasing demand for crypto…
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bob wrote a new post
11 months, 1 week agoKraken to Share 42,000 Users' Data with IRS in Compliance with Court Order
United States-based cryptocurrency exchange Kraken has announced that it will comply with a court order to share the data of 42,000 users with the Internal Revenue Service (IRS). The court order, issued by the…
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11 months, 1 week agoMillions in Crypto Stolen from LastPass Users in Recent Data Breach
At least 25 individuals have reportedly fallen victim to a data breach that affected password storage software LastPass, resulting in the loss of $4.4 million in cryptocurrency across 80 wallets. The breach…
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11 months, 1 week agoMillions in Crypto Assets Stolen from LastPass Users in Recent Hack
Users of the LastPass password manager application have suffered a significant loss of $4.4 million worth of crypto assets in a single day. This comes a year after LastPass disclosed a previous security breach…
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bob wrote a new post
11 months, 1 week agoFTX CEO Defends Actions in Testimony, Emphasizes Errors and Political Contributions
Sam “SBF” Bankman-Fried, the CEO of FTX and Alameda Research, testified in his ongoing criminal trial in the Southern District Court of New York. He denied any wrongdoing between the two companies but admitted to…
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bob wrote a new post
11 months, 1 week agoElon Musk's X Payments Set to Revolutionize Banking by 2024
Elon Musk, the owner of X (formerly known as Twitter), recently revealed new details about the company’s planned payment services. During an all-hands staff meeting, Musk stated that the app will cover almost all a…
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11 months, 1 week agoTaiwan Introduces Bill to Regulate Crypto Industry and Protect Investors
Taiwan has introduced a new bill called the “Virtual Asset Management Regulations Draft” in an effort to regulate its growing virtual asset market. The bill aims to establish a comprehensive regulatory fra…
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11 months, 1 week agoElon Musk's Plans to Turn X into a Complete Financial Platform Spark Speculation about Dogecoin Integration
Elon Musk, the world’s richest man, has revealed his plans to transform X (formerly Twitter) into a comprehensive financial platform by the end of 2024. While it is unclear if cryptocurrencies, specifically D…
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bob wrote a new post
11 months, 1 week agoFTX CEO Defends Actions in Testimony, Emphasizes Errors and Political Contributions
Sam “SBF” Bankman-Fried, the CEO of FTX and Alameda Research, testified in his ongoing criminal trial in the Southern District of New York. Bankman-Fried denied any wrongdoing between the two companies but adm…
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bob wrote a new post
11 months, 1 week agoRipple CLO and XRP Community Support SEC Commissioner's Stance on LBRY Lawsuit
Stuart Alderoty, the Chief Legal Officer of Ripple Labs, and the XRP community have shown their support for SEC Commissioner Hester Peirce’s stance on the LBRY lawsuit. Alderoty expressed gratitude towards C…
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11 months, 1 week agoLong-Term Opportunities and Risks for Investors
The rapid increase in interest rates poses a risk of financial accidents, as seen with the crisis of American regional banks and the collapse of Swiss bank Credit Suisse. Despite the quick rise in interest rates,…
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11 months, 1 week agoFTX Co-Founder's Shocking Testimony Reveals Lack of Cryptocurrency Knowledge and Management Mistakes
During the trial of Sam Bankman-Fried, co-founder of FTX crypto exchange, shocking revelations have emerged about his understanding of cryptocurrency. Bankman-Fried admitted to knowing very little about…
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11 months, 1 week agoFTX Founder Testifies About $8 Billion Shortfall Leading to Collapse
Sam Bankman-Fried (SBF), the former billionaire and founder of FTX and Alameda Research, testified in court about the $8 billion shortfall that led to the collapse of the companies. SBF stated that he was…