South Korea’s KEB Hana Bank is set to work with the central Bank of Korea (BOK) on the latter’s CBDC pilot and stablecoin alternatives, such as tokenized deposits. Per the newspaper Maeil Kyungjae, Hana Bank is now “actively participating” in the BOK’s ongoing CBDC Proof of Concept project. The newspaper noted that the BOK and…
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Nigerian social payments platform Bundle plans to cease its crypto exchange services and instead focus on its peer-to-peer platform Cashlink. In a recent blog post, Bundle said the decision was made by the company’s shareholders, who believe that the future lies in payment solutions that cater to the growing Web3 and blockchain community…. Read More: Nigerian Social Payments App Bundle…
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Blockchain-based digital payment network Ripple has applied for a crypto license in the UK and Ireland after its partial win against the US Securities and Exchange Commission. Sendi Young, Ripple’s managing director for the UK & Europe, has revealed that the company “very recently” applied for crypto asset firm registration with the UK’s FCA, along with a payment institution license in Ireland…. Read More:…
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A married New York couple is preparing to plead guilty to charges of conspiring to launder billions of dollars worth of Bitcoin (BTC), which was stolen during the notorious 2016 hack of crypto exchange Bitfinex. Ilya Lichtenstein and Heather Morgan, who were charged in February last year after investigators used software to trace stolen digital currency to accounts the…
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The meme coin market has seen a massive upswing in interest over the past 24 hours, partly due to the presale launch of the Burn Kenny ($KENNY) token. The token, bearing the name of the often-doomed South Park character, has accumulated over $390,000 in investments in the first day of its presale. … Read More: This…
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GMX, the governance and utility token that powers GMX, an Arbitrum-based decentralized exchange (DEX) for trading perpetual cryptocurrency futures with leverage, has tanked around 6.5% in the last 24 hours, as per CoinGecko. That makes gives it the unwelcome crown of being the worst-performing cryptocurrency in the top 100 by market capitalization over this time…
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Maker (MKR), the governance token of the Maker Decentralized Autonomous Organisation (DAO) and of the decentralized finance Maker Protocol behind the issuance of the DAI USD-pegged stablecoin, has pumped around 13% on Friday. MKR/USD was last trading around $1140 per token, but went as high as $1250 earlier in the session to hit a fresh…
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The cryptocurrency market is chock-full of contenders competing for attention beyond the shadow of Bitcoin. Among the array of projects, some provide real utility, functioning as more than just a digital asset or currency. Utility coin LPX, associated with the blockchain startup Launchpad XYZ, has raised $1.17 million in its presale, leading the pack in…
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Bitcoin and the broader cryptocurrency market are experiencing a slump today, adding further pressure to an already tense market sentiment. Despite reaching a 13-month high of almost $31,700 last week, Bitcoin’s momentum has been dwindling since, with its price consistently falling below the 20-day Exponential Moving Average (EMA) this week. The indicator could now be…
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Cryptocurrency exchange Bitget is set to expand its operations to the Middle East, with plans to hire up to 60 new staff members in the region. In a Thursday press release, Bitget revealed that it has opened an office in downtown Dubai to support its expansion, and is also exploring opportunities in countries like Bahrain and the United Arab Emirates…
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