Binance CEO Changpeng Zhao has refuted claims that he received a $250 million loan from BAM Management, the holding company of Binance.US, saying that it was the other way around. In a Wednesday tweet, the crypto boss said he “loaned $250 million to BAM a while back, not the other way around.” CZ even claimed that he has not…
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Some Binance customers in the EU have been blocked from withdrawing euros as part of an early change in the crypto exchange’s regional payments provider looms. Several users in the region have been denied access to Paysafe, Binance’s European payments partner, ahead of the September 25 deadline, when the payments company is set to end support for the…
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Nearly 490,000 vendors in China’s Changsha now accept digital yuan payments, the city’s government has claimed as the nation’s CBDC pilot continues. Per the Changsha Evening News (via Huasheng Online), this year has seen Changsha expand its digital yuan use-case scenarios “into key areas such as government services, public transportation, inclusive finance, and rural revitalization…
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a16z General Partner Arianna Simpson believes the US needs to establish a regulatory framework that instills confidence in crypto firms and allows them to build technology products without fear of potential consequences. Simpson claimed that the lack of specific guidance in the US is causing legitimate crypto companies to seek opportunities offshore…. Read More: a16z’s Arianna Simpson…
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Russia is set to “integrate” its CBDC, the digital ruble, into its tax system, with legislation set to roll out before the year’s end. Per Prime, the State Duma’s Committee on Budgets and Taxes has approved a private member’s bill that seeks to amend the Tax Code. The amendment will allow tax bodies to “integrate…
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Blue chip cryptocurrency markets are mixed to modestly positive on Tuesday, amid largely cautious trading conditions one day out from the US Federal Reserve’s highly anticipated interest rate decision on Wednesday. Bitcoin (BTC) was last up around 1.5% in the last 24 hours in the $27,200 area, having continued to find strong support above its…
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Grayscale CEO Michael Sonnenshein believes cryptocurrency has become a non-partisan issue, claiming that policymakers now acknowledge it’s here to stay. In a recent interview, Sonnenshein said the company is willing to collaborate with the US Securities and Exchange Commission (SEC) to bring about a spot Bitcoin (BTC) exchange-traded fund (ETF). Sonnenshein’s comments came after a recent meeting with lawmakers in Washington DC. ……
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Shenzhen, China, is readying a new digital yuan giveaway as the city looks to showcase the CBDC at a range of upcoming sporting events. Per Shanghai Securities News, the city is set to hand out e-CNY tokens to some 50,000 citizens as part of its latest adoption drive. The coins will be distributed via airdrops…
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Chainlink (LINK), the cryptocurrency that powers Chainlink’s blockchain interoperability network, surged 8% on Monday, outperforming the vast majority of the broader crypto market. LINK was last trading in the $6.60s per token, having failed to muster a lasting break above its 200DMA at $6.70, though having managed to break cleanly to the north of its…
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The Russian Central Bank says that its CBDC, the digital ruble, “has nothing to do with” state efforts to collect biometric data. The bank began piloting its CBDC just over a month ago in 11 cities nationwide. Russian MPs last year voted in a law that allows banks and state agencies to collect biometric data…
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