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1 year, 8 months ago
Real Estate-Backed Stablecoin USDR Loses Peg to USD Amidst Rush of Redemptions
Real estate-backed stablecoin USDR has lost its peg to the U.S. dollar due to a surge in redemptions that depleted its liquid assets, including Dai from its treasury. USDR is issued by Tangible protocol, a…
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1 year, 8 months agoJPMorgan Successfully Conducts First Live Blockchain Collateral Settlement Transaction with BlackRock and Barclays
JPMorgan has achieved a significant milestone by successfully conducting its first live blockchain-based collateral settlement transaction. The transaction involved BlackRock and Barclays and utilized JPMorgan’s E…
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1 year, 8 months agoARK Invest Addresses SEC Concerns in Updated Bitcoin ETF Proposal
ARK Invest has updated its proposal for a spot Bitcoin ETF in response to criticisms from the U.S. Securities and Exchange Commission (SEC). The amendment addresses concerns regarding accounting methods, risk…
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1 year, 8 months agoShiba Inu Team Member Warns Community and Exchanges of Scammers and Fake LinkedIn Pages
The Shiba Inu community has seen increased activity since the launch of the Ethereum Layer 2 network Shibarium. However, this rise in activity has attracted bad actors looking to take advantage of the situation. A…
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1 year, 8 months agoSolana Co-Founder Highlights Obvious Use Case for Crypto: Simple Payments
Anatoly Yakovenko, co-founder of Solana, a smart contract platform, believes that one of the obvious use cases for cryptocurrency and blockchain technology is simple payments. In an interview, Yakovenko emphasized…
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1 year, 8 months agoUS Senators Urge Swift Implementation of Crypto Tax Reporting Requirements
Seven U.S. senators, including Elizabeth Warren and Bernie Sanders, have urged the Treasury Department and IRS to expedite the implementation of tax reporting requirements for crypto brokers. The lawmakers…
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1 year, 8 months agoBrazilian Congressional Committee Recommends Indictment of Binance CEO and Executives for Fraud and Illegal Practices
FTX co-founder Sam Bankman-Fried reportedly considered selling equity in the company to Saudi Crown Prince Mohammed bin Salman, according to testimony from former Alameda Research CEO Caroline Ellison during…
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1 year, 8 months agoBitcoin Drops Nearly 3% to $26.7K, Testing September Lows
Bitcoin experienced a decline of nearly 3% to $26.7K, reaching its lowest level since late September. Despite attempting to break through the $28,000 resistance over the weekend, the cryptocurrency was unable to…
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1 year, 8 months agoBitstamp to Discontinue Services in Canada, Hopes to Return in the Future
Bitstamp, a cryptocurrency exchange, has announced that it will be discontinuing its services to customers in Canada starting from January 8, 2024. The decision was initially communicated to Canadian customers in…
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1 year, 8 months agoFormer Alameda Research CEO Testifies Against Sam Bankman-Fried in Criminal Trial, Alleges Auto-Deletion of Messages and Bribery of Foreign Officials
Ex-Alameda Research CEO, Caroline Ellison, testified in the criminal trial of Sam Bankman-Fried, revealing that they communicated through the messaging app Signal, which has an auto-delete feature. Ellison also…
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1 year, 8 months agoIsraeli Crypto Firms Navigate War Challenges, Launch Crypto Aid Campaign
Israeli crypto firms are dealing with the aftermath of a surprise attack by Hamas fighters. While many of these firms are not experiencing severe disruptions to their business operations, some employees are being…
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1 year, 8 months agoFederal Reserve Remains Committed to 2% Inflation Target Despite Predicted Slowdown in GDP Growth
The Federal Open Market Committee (FOMC) has reaffirmed its commitment to higher interest rates, signaling the possibility of another rate increase in the near future. Despite a complex economic environment…
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1 year, 8 months agoFormer Alameda Research CEO Reveals FTX's $100 Million Bribery Scheme with Chinese Government
Former Alameda Research CEO Caroline Ellison testified in court, providing more details about the financial crimes she and her ex-boyfriend, Sam Bankman-Fried, committed at FTX. Ellison revealed that FTX bribed the…
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1 year, 8 months agoHata Receives Approval to Launch as Malaysia's Fifth Regulated Digital Asset Exchange
Malaysia-based Hata has received in-principle approval from Securities Commission Malaysia (SC) to register as a Recognized Market Operator (RMO) as a digital asset exchange and digital broker. This approval allows…
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1 year, 8 months agoBinance Introduces Copy Trading Feature for Crypto Futures, Allowing Users to Replicate Top Traders' Strategies
Binance, a popular cryptocurrency exchange, has introduced a new feature called “copy trading” that allows users to replicate the trading strategies of successful crypto futures traders. This feature enables “co…
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1 year, 8 months agoUnderstanding the Changing Landscape of Ethereum's Supply
Large holders of Ethereum have been reducing their holdings, leading to a decrease in ETH held by whales and big investors. This trend has raised questions about the reasons behind this shift and its implications…
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1 year, 8 months agoJPMorgan Launches Tokenized Collateral Network for Instant Securities Settlement
JPMorgan has launched its tokenization platform, the Tokenized Collateral Network (TCN), on its Onyx blockchain. The platform aims to streamline securities settlement between major institutions by tokenizing assets…
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1 year, 8 months agoFTX Trading Arm Alameda Research Allegedly Paid Bribe to Chinese Government to Unfreeze $1 Billion: Court Transcripts
Caroline Ellison, a close confidant of former FTX CEO Sam Bankman-Fried, has revealed in court transcripts that FTX’s trading arm, Alameda Research, paid a bribe to the Chinese government to unfreeze $1 billion. E…
