Kumo
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12 months ago
Ripple's XRP Receives Approval from Dubai Financial Services Authority
Ripple’s XRP token has gained approval from the Dubai Financial Services Authority (DFSA) under its virtual assets regime. This means that licensed virtual asset firms within the Dubai International Financial C…
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12 months agoJury Begins Deliberations in Sam Bankman-Fried Fraud Trial
A New York jury has begun deliberations in the trial of Sam Bankman-Fried, the CEO of FTX, who is accused of committing fraud. The prosecution argued that Bankman-Fried deceived FTX customers and acted improperly…
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1 year agoMicroStrategy's Michael Saylor Bullish on Bitcoin ETF Approval and Halving Impact
MicroStrategy’s founder and executive chairman, Michael Saylor, recently discussed his company’s Bitcoin investments and the potential impact of a spot Bitcoin ETF. Saylor expressed optimism about the approval of…
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1 year agoNational Bank of Georgia Partners with Ripple for Central Bank Digital Currency Pilot
The National Bank of Georgia (NBG) has partnered with Ripple to launch a pilot program for a central bank digital currency (CBDC) called the Digital Lari. Ripple’s CBDC platform, built on a private version of the X…
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1 year agoSafeMoon Founder and Executives Face Fraud Charges, Cryptocurrency Valuation Plunges
SafeMoon, a once-promising cryptocurrency, is now embroiled in a scandal of massive proportions. Its founder and top executives are facing charges of fraudulent activities and money laundering, as alleged by the US…
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1 year agoPayPal Faces SEC Subpoena Over PYUSD Stablecoin, Adding to Regulatory Scrutiny
PayPal, the global payments firm, has received a subpoena from the US Securities and Exchange Commission (SEC) regarding its PYUSD stablecoin. The subpoena requests the production of documents, and PayPal has…
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1 year agoUK Crypto Asset Promotion Rules Lead to Confusion and Low Compliance
The United Kingdom’s new rules for promoting crypto assets have caused confusion and a lack of compliance among firms. In response, the Financial Conduct Authority (FCA) has issued additional guidance to help c…
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1 year agoDubai Financial Services Authority Approves Ripple's XRP Cryptocurrency Token
Ripple has received official approval from the Dubai Financial Services Authority (DFSA) for its XRP cryptocurrency token. This means that licensed firms in the Dubai International Financial Centre (DIFC) can now…
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1 year agoSwiss Bank SGKB Expands Services to Include Bitcoin and Ethereum Trading
St. Galler Kantonalbank (SGKB), one of Switzerland’s oldest banks, has made a significant move into the world of cryptocurrency. Through a partnership with SEBA Bank, SGKB now offers its clients the ability to t…
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1 year agoSafeMoon Executives Arrested on Fraud Charges, SFM Token Plunges 65%
SFM, the native cryptocurrency of SafeMoon, has experienced a significant price drop of 65% in just one day. This decline comes after the arrest of the project’s founders, John Karony, Kyle Nagy, and Thomas S…
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bob wrote a new post
1 year agoSafeMoon Executives Arrested on Fraud Charges, SFM Token Plunges 65%
SFM, the native cryptocurrency of SafeMoon, has experienced a significant price drop of 65% in just one day. This decline comes after the arrest of the project’s founders, John Karony, Kyle Nagy, and Thomas S…
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bob wrote a new post
1 year agoUK National Crime Agency Forms Specialized Cryptocurrency Team to Combat Crypto Crime
The United Kingdom’s National Crime Agency is establishing a specialized digital assets team and is looking to hire six crypto investigators. These investigators will be responsible for conducting advanced t…
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1 year agoPolygon's Ambitious Goal: Becoming a Leading Cryptocurrency Project
Sandeep Nailwal, co-founder of Polygon (formerly known as Matic Network), has always had a burning desire to achieve greatness. Growing up in poverty in a Delhi ghetto, he was determined to make a big impact and…
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1 year agoDubai's VARA Grants Initial Approval License to WadzPay for Virtual Asset Services
The Dubai Virtual Assets Regulatory Authority (VARA) has granted an “Initial Approval” license to WadzPay, a crypto firm, as part of its journey to obtain a Virtual Asset Service Provider (VASP) license. This lic…
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1 year agoUSD Coin's Circulating Supply Drops Below 25 Billion as Tether's USDT Gains Momentum
USD Coin (USDC), the second-largest stablecoin, has experienced a decline in its circulating supply, falling below 25 billion for the first time since 2021. This decrease in supply is a result of Circle, the issuer…
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1 year agoDecentralized Finance Project SafeMoon Faces SEC Charges and Fraud Allegations
SafeMoon, a decentralized finance project, has been charged by the United States Securities and Exchange Commission (SEC) for security rules violations and fraud. The project was exploited in March, resulting in a…
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1 year agoPayPal Faces SEC Subpoena Over USD Stablecoin: A New Milestone in the Intersection of Traditional Finance and Digital Currencies
PayPal, the digital payment giant, has received a subpoena from the Securities and Exchange Commission (SEC) regarding its U.S. dollar stablecoin, PYUSD. This development highlights the growing intersection between…
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1 year agoHong Kong Regulator Issues Circulars to Regulate Digital Asset Tokenization
Hong Kong’s Securities and Futures Commission (SFC) has issued two circulars to regulate digital asset tokenization, as the city aims to become a leading Web3 hub in Asia. The circulars provide instructions to i…
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1 year agoPayPal Subpoenaed by SEC Over USD-Pegged Stablecoin
PayPal, the popular payment platform, has been served a subpoena by the United States Securities and Exchange Commission (SEC) regarding its stablecoin called PayPal USD (PYUSD). The SEC’s Enforcement division s…
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1 year agoSwiss Bank SGKB Partners with SEBA Bank to Offer Bitcoin and Ethereum Services
St. Galler Kantonalbank, Switzerland’s fifth-largest cantonal bank, has entered the world of digital assets through a strategic partnership with SEBA Bank. This move signifies a significant step in the adoption o…
