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May 3, 2024
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US lawmakers warn of Iranian crypto miners threatening national security

United States Senators Elizabeth Warren and Angus King have raised concerns about potential national security threats posed by cryptocurrency miners in Iran.   Letter to Biden […]
May 3, 2024
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The rise of the Chinese AI unicorns doing battle with OpenAI

Several Chinese startups specializing in generative artificial intelligence (AI) have recently achieved valuations exceeding $1 billion, intensifying competition in the field as they strive to rival […]
May 3, 2024
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Terraform claims SEC offered ‘no evidence’ for $4.7B in disgorgement

With a hearing set for May 22 to consider proposed remedies in the United States Securities and Exchange Commission’s (SEC’s) case against Terraform Labs (TFL) and […]
May 3, 2024
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Jack Dorsey’s Block is ‘DCA’ing’ into Bitcoin every month

Jack Dorsey, co-founder of Twitter and CEO of fintech firm Block, announced that Block will allocate 10% of its gross profit from Bitcoin products to purchasing […]
May 3, 2024
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Former FTX exec Ryan Salame to give up $5.9M Bahamas property

Ryan Salame, former co-chief executive of FTX Digital Markets, has agreed to transfer his multimillion-dollar property in the Bahamas as part of a plea agreement in […]
May 2, 2024
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Pike Finance clarifies ‘USDC vulnerability’ statement on $1.6M exploit

Following a $1.6 million exploit on April 30, decentralized finance (DeFi) protocol Pike has issued a clarification regarding its previous statement concerning a vulnerability found in […]
May 2, 2024
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Nigeria’s Patricia exchange CEO refutes closure rumors

Fejiro Hanu, CEO of Nigerian crypto exchange Patricia, has refuted rumors of the platform’s closure, dismissing them as sensationalist media tactics aimed at generating clicks. Hanu […]
May 2, 2024
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Microsoft pours $2.2B into Malaysia for cloud, AI expansion

Microsoft unveils a $2.2 billion investment plan over four years in Malaysia, focusing on cloud and artificial intelligence (AI) services expansion.   This investment marks Microsoft’s […]
May 2, 2024
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LayerZero cross-chain interoperability protocol completes first airdrop snapshot

LayerZero, a cross-chain interoperability protocol, is gearing up to launch its highly anticipated airdrop for users. The first snapshot for the airdrop was completed on May […]
May 2, 2024
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Indian enforcement agency collaborates with Binance to bust scam app

The Enforcement Directorate (ED) of India, collaborating with crypto exchanges such as Binance, ZebPay, and WazirX, successfully seized 90 crores ($10.5 million) from the online scam […]
December 26, 2023
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Tether mints $1B USDT for ‘inventory replenish’ — CEO Paolo Ardoino

Tether Treasury minted another one billion “authorized but not issued” USDT on Christmas Day, triggering some skepticism from the community.   Tether, the company behind the […]
December 26, 2023
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Stablecoin laws: 25 countries had legislation in place in 2023

Out of 43 countries analyzed by PwC, as many as 25 jurisdictions had stablecoin regulations in place in 2023.   The stablecoin sector, featuring cryptocurrencies like […]
December 22, 2023
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Paxos gets NY green light to join Solana blockchain: Report

The New York Department of Financial Services (DFS) has approved Paxos’ expansion to the Solana blockchain.   Paxos, a stablecoin issuer, has recently gained approval from […]
December 21, 2023
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Stablecoin laws: Only 6 countries had legislation in place in 2023

Out of 35 countries analyzed by PwC, only six jurisdictions had stablecoin regulations in place in 2023, including Switzerland and Japan.   The stablecoin industry, featuring […]
December 14, 2023
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Basel Committee suggests introducing maturity limits for stablecoin reserve assets

Should longer-term assets be allowed as reserve assets, the committee thinks these must overcollateralize the claims of stablecoin holders.   On December 14, the Basel Committee […]
December 13, 2023
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German asset manager DWS joins Galaxy to issue euro stablecoin

AllUnity, a new joint venture by DWS, Galaxy, and Flow Traders, plans to issue the euro stablecoin on all major public permissionless L1s and L2s, as […]
December 6, 2023
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France’s 3rd-largest bank, Société Générale, launches euro-pegged stablecoin

The euro-pegged stablecoin will be the first of its kind in the region and will be available to the bank’s customer base for trading use.   […]
November 29, 2023
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Tether’s ‘new era for capital raises’ Bitfinex bond flops

The ALT2611 tokenized Tether bond from Bitfinex has only managed to raise 15% of its target two weeks after launch.   Bitfinex’s recent venture into tokenized […]
October 31, 2023
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UK publishes plans for stablecoins regulation

Non-fiat-backed stablecoins will not be allowed into regulated payment chains.   The UK government has unveiled its updated plans to regulate fiat-backed stablecoins. In a document […]

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