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10 months, 2 weeks agoBank of Spain Chooses Collaborators for Wholesale CBDC Pilot
The Bank of Spain has announced its partnership with Cecabank, Abanca, and Adhara Blockchain for the pilot of the wholesale central bank digital currency (CBDC) program. Over the next six months, the pilot will…
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10 months, 2 weeks agoCelsius to Unstake $470M Ethereum Amid Restructuring, Raising Concerns for ETH Price
Bankrupt crypto lender Celsius is set to unstake 206,300 Ethereum, worth around $470 million, as part of its efforts to distribute assets to creditors. The move comes as Celsius undergoes a restructuring process,…
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bob wrote a new post
10 months, 2 weeks agoCelsius to Unstake $470M Ethereum Amid Restructuring, Raising Concerns for ETH Price
Bankrupt crypto lender Celsius is set to unstake 206,300 Ethereum, worth around $470 million, as part of its efforts to distribute assets to creditors. The move comes as Celsius undergoes a restructuring process,…
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bob wrote a new post
10 months, 2 weeks agoExplosive Divorce Verdict Shakes Up Businessman
A businessman from Hamburg, Thomas S., is left shocked and speechless by a divorce ruling in Switzerland. The ruling, made by the Arbon District Court in 2022, came as a surprise to Thomas, who was unaware of it…
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10 months, 2 weeks agoUniswap Dominates Ethereum Blockspace with Impressive Transaction Volume and Gas Usage
Uniswap, a popular decentralized finance (defi) protocol on the Ethereum platform, has emerged as a leader in the Ethereum blockspace. With an impressive 43 million transactions and 7.4 trillion gas, Uniswap…
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10 months, 2 weeks agoCelsius Network to Unstake Ethereum Holdings for Creditor Distributions
The cryptocurrency lending platform Celsius Network has announced its plan to unstake its Ethereum holdings as part of its asset preparation process. The move is aimed at unlocking ETH to ensure timely…
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bob wrote a new post
10 months, 2 weeks agoCelsius Network to Unstake Ethereum Holdings for Creditor Distribution
Celsius Network, a cryptocurrency lender, has announced plans to unstake its Ethereum (ETH) holdings in order to distribute assets to creditors. The company will carry out a significant unstaking event in the…
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bob wrote a new post
10 months, 2 weeks agoCelsius Begins Asset Recall and Rebalancing to Repay Creditors
The bankrupt crypto lender, Celsius, has announced that it will be recalling and rebalancing its assets as part of its restructuring process. This includes unstaking nearly $470 million worth of Ether (ETH) in…
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bob wrote a new post
10 months, 2 weeks agoUBS Bolsters Middle East Presence with New Management Team and Expansion Plans
Swiss banking giant UBS is making significant moves to strengthen its position in the Middle East. The bank has appointed a new management team for its investment banking division in the region, signaling its…
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bob wrote a new post
10 months, 2 weeks agoUBS Bolsters Middle East Presence with New Management Team and Expansion Plans
Swiss banking giant UBS is making significant moves to strengthen its position in the Middle East. The bank has appointed a new management team for its investment banking division in the region, signaling its…
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bob wrote a new post
10 months, 2 weeks agoSEC Files Motion for Summary Judgment in Case Against Binance
The United States Securities and Exchange Commission (SEC) has filed a motion in federal court requesting a summary judgment ruling in its case against cryptocurrency exchange Binance. The SEC argues that a recent…
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10 months, 2 weeks agoFinancial Experts Pessimistic About Approval of Bitcoin ETF in the US
A recent survey conducted by ETF issuer Bitwise reveals that only 39% of U.S.-based financial advisers believe that a spot Bitcoin exchange-traded fund (ETF) will be approved this year. The survey, which included…
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10 months, 2 weeks agoBitcoin ETF Approval Speculation Reaches Fever Pitch on Social Media
Speculation is running high on social media that the U.S. Securities and Exchange Commission (SEC) is on the verge of approving a spot Bitcoin exchange-traded fund (ETF). This speculation has been fueled by a tweet…
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10 months, 2 weeks agoCelsius Begins Asset Recall and Rebalancing in Preparation for Creditor Distributions
Embattled crypto lending platform Celsius has announced that it is recalling and rebalancing its crypto assets, including Ether (ETH), in preparation for distributing funds to creditors. The company, which has been…
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10 months, 2 weeks agoNigerian Banks and Fintech Operators Launch cNGN Stablecoin to Bridge Gap Between Naira and Digital Currencies
The Central Bank of Nigeria (CBN) has given approval to the Africa Stablecoin Consortium (ASC) to pilot the cNGN stablecoin in its regulatory sandbox. The cNGN stablecoin, developed by a collaboration of Nigerian…
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10 months, 2 weeks agoBanks Generate More Revenue from Financing Green Projects than Fossil Fuels for Second Consecutive Year
For the second consecutive year, banks worldwide have generated more revenue from financing environmentally friendly projects than from traditional fossil fuel businesses. In 2023, the largest banks globally saw…
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10 months, 2 weeks agoVenture Capital Fundraising Hits Six-Year Low, Puts Start-ups Under Pressure
The fundraising of US venture capital firms has fallen to its lowest level in six years, putting pressure on start-ups. American venture capital firms raised $67 billion last year, the lowest annual value since…
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10 months, 2 weeks agoJapan Introduces Tax Exemption for Token Issuers, Boosting Crypto Ecosystem
Japan has announced a groundbreaking tax exemption for token issuers, signaling its commitment to fostering innovation and attracting investment in the digital asset space. The National Tax Agency of Japan has…
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10 months, 2 weeks agoCelsius Initiates Asset Shift to Facilitate Creditor Distributions and Ethereum Unstake
Embattled crypto lending platform Celsius is taking steps to recall and rebalance its crypto assets, specifically Ethereum (ETH), in order to distribute funds to creditors. The company, which filed for Chapter 11…
