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Central Bank Governor Urges Action Amidst Growing Stablecoin Concerns

Bank of Korea Governor Rhee Chang-yong highlighted the challenges posed by the increasing dominance of stablecoins like tether (USDT) and USD Coin (USDC). Despite their name, these digital currencies often...
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Coinbase to Challenge SEC Denial of Rulemaking Petition in Court, Says Chief Legal Officer

In a bold move against the U.S. Securities and Exchange Commission’s (SEC) recent denial, Coinbase Chief Legal Officer Paul Grewal announced today the exchange’s intention to take the SEC to...
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First Trust Introduces Innovative Bitcoin Buffer ETF

Financial services firm First Trust has taken a bold step into the cryptocurrency market by filing for a unique exchange-traded fund (ETF), marking a new era in Bitcoin investment strategies....
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KuCoin Settles with New York, to Pay $22 Million and Block State Residents

KuCoin, a prominent crypto exchange, recently agreed to a $22 million settlement with the State of New York. The settlement includes prohibiting state residents from accessing its platform, detailed in...
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Coinbase Co-Founder and ARK Invest Sell Over $14 Million in Coinbase Shares

In a recent disclosure of public trading data, it has come to light that Fred Ehrsam, co-founder of Coinbase, and investment firm ARK Invest have collectively divested more than $14...
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El Salvador Set to Launch ‘Volcano Bonds’ in Early 2024

El Salvador, famously embracing cryptocurrencies, is set to make another groundbreaking move as it gears up for the launch of its much-anticipated Bitcoin-backed bonds, known colloquially as “Volcano Bonds.” The...
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Musk and Dorsey Clash Over Crypto Self-Custody: “Not Your Keys, Not Your Wallet

In a recent twist of events, the world’s most affluent entrepreneur, Elon Musk, stumbled in an attempt to engage in discourse with Twitter and Block co-founder Jack Dorsey regarding the...
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TikTok Surpasses $10 Billion in Consumer Spending, Making History in Mobile App Realm

TikTok, the global sensation in short-form video content, has broken barriers once again, soaring past the $10 billion mark in consumer spending, a groundbreaking achievement for a non-game mobile application...
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Bitcoin Slumps Below $43,000, Wiping Out Recent Gains and Triggering $390 Million in Liquidations

In the early hours of Monday morning, Bitcoin took a significant tumble, plunging below the $43,000 mark. This drop effectively erased the gains it had amassed over the past week,...
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El Salvador and Tether Launch ‘Adopting El Salvador Freedom’: Citizenship Offered for $1M in Bitcoin

In a bold move, the government of El Salvador has teamed up with Tether, the stablecoin company, to unveil a pioneering initiative named “Adopting El Salvador Freedom.” Under this initiative,...
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