Chinese firms, banks, and city governments are using the digital yuan to recycle gold and pay land registry fees as CBDC adoption efforts continue. Per the fiance-focused media outlet JRJ, the Shenzhen Branch of the central People’s Bank of China (PBoC) has teamed up with the Shanghai Gold Exchange on the CBDC-powered gold recycling project….…
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Coinbase has received regulatory approval to offer perpetual futures trading services to retail customers outside the United States. In a Thursday blog post, the largest US-based crypto exchange said it has received additional regulatory approval from the Bermuda Monetary Authority (BMA) to offer perpetual futures trading to non-US retail users. … Read More: Coinbase Secures Approval to Offer Perpetual Futures…
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China’s Tencent, the operator of the WeChat and WeChat Pay platforms, will join central bank-led digital yuan and CBDC interoperability pilots. WeChatPay, along with its rival Alipay, has cornered some 15% of the Chinese payments market. But in recent years, Tencent has moved to align with the People’s Bank of China (PBoC)’s CBDC adoption drive….…
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Heartland Tri-State Bank, a community bank in Elkhart, Kansas, has been forced to shut down after its CEO, Shan Hanes, lost millions of dollars in a cryptocurrency scam. The incident unfolded on July 5 when Hanes, desperate to retrieve his money from a supposed cryptocurrency investment, approached one of his wealthy clients with a peculiar request,…
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Binance, the world’s largest cryptocurrency exchange, has seen a sharp drop in market share among non-dollar crypto exchanges. According to data by The Block, Binance’s market share among a group of exchanges that includes major Asian players like Upbit, Huobi, Bybit, and OKX hit 54% in August and is projected to further drop to under 51% in…
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Polygon (MATIC) has maintained its stance above $0.50 despite recent bearish pressure which some observers suggest could see the token fall below the support level. At press time MATIC trades at $0.51 after recovering a slight decline below $0.50 this month. Despite this, MATIC holders have transferred their tokens to exchanges without signs of a…
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Blue chip cryptocurrency markets are slightly in the red on Tuesday, but for the most part are holding up pretty well within recent ranges, despite longer-dated US yields pushing to new multi-decade highs. Bitcoin (BTC) was last changing hands in the low $26,000s, whilst Ether (ETH) was trading just to the south of $1,600, both…
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Over the next week, the United States government faces the possibility of a shutdown as House Speaker Kevin McCarthy grapples with internal political pressures regarding spending plans. The decision could also have adverse effects on the progress of crypto bills awaiting a vote, potentially impacting the future of cryptocurrency regulation. Back in July, lawmakers from the House…
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Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today. Have we missed something? Do you have information about new listings and/or delistings? Let us know here. _________________________________________ AscendEXListings:Ozone Metaverse (OZONE)Tipcoin (TIP)New Treasure Hall (MNTH)Pepe King Prawn (PEPE)Gold Coin (GOLD)Real Smurf…
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A Melbourne couple is set to face a plea trial in October for a theft charge after inadvertently receiving 10.5 million Australian dollars ($6.7 million) from Crypto.com in 2021. The couple, who received the funds by mistake, proceeded to spend the money before the error was discovered. The incident occurred in May 2021 when Thevamanogari Manivel made a transfer to her…
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