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South African Banking Regulator: ‘De-risking’ Crypto Firms Potentially Creates ‘Opacity in Financial Conduct’

August 19, 2022

According to the latest guidance note issued by the South African banking sector regulator, Prudential Authority, risk assessment does not mean financial institutions should avoid or eliminate risks via the wholesale termination of client relationships with entities such as crypto asset service providers. Instead, the regulator wants financial institutions to only consider “de-risking” when the…
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Kaiko Report Shows Latam Harnessing Crypto Mostly for ‘Real World’ Use Cases

August 19, 2022

The latest data debrief issued by Kaiko, a provider of digital assets market data, has found that while there is retail movement in Latam regarding crypto assets, most liquidity is directed to “real world” use cases. Among these activities are remittances, stablecoin-based yield generating investment options, and also payments, with Bitso and Mercado Bitcoin being…
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Bitcoin and Ethereum Lose Ground, Altcoins Dive

August 19, 2022

Bitcoin price followed a bearish path below the USD 23,500 support. BTC even traded below the USD 23,200 support zone. It is currently (04:00 UTC) struggling below USD 23,000 and might continue to move down. Similarly, most major altcoins are gaining bearish momentum. ETH extended losses and tested the USD 1,800 level. XRP is down…
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E-Commerce Giant Mercado Libre Debuts an Ethereum-powered Coin in Brazil

August 19, 2022

The Latin American e-commerce heavyweight Mercado Libre has rolled out its own cryptoasset – named Mercado Coin – in Brazil. The move is the latest in a series of bullish crypto-related moves from the company, which is often touted as the LATM region’s answer to Amazon. Last year, the company began accepting bitcoin (BTC) as…
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Wife of arrested Tornado Cash dev forbidden to speak with him — Rally organized

August 19, 2022

Speaking with Cointelegraph, Ksenia Malik stated that Dutch authorities are treating her husband as if he were “were a dangerous criminal” and that the creation of open-source software should never be criminalized. Ksenia Malik, the wife of Tornado Cash creator Alexey Pertsev Wife has lashed out at Dutch authorities for treating her husband like a…
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Korea’s ‘poop-coin’ project got flushed in February, inventor reveals

August 19, 2022

There wasn’t enough interest in the project, and it wasn’t able to stand on its own, the Korean professor behind the Beevi project said. The South Korean government has put the lid on a science program that created toilets designed to turn human waste into electricity, heat, and digital currency. The Science Walden project was…
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Robinhood lands steep 60% discount on $170M exchange acquisition: Report

August 19, 2022

The US-based stock and crypto trading platform has reportedly secured a 60% cut on the initial offer made to Ziglu due to poor market conditions. Stock and crypto investment platform Robinhood has reportedly scored a 58% cut on its $170 million offer to buy crypto exchange Ziglu due to adverse market conditions. The initial offer…
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Fortnite developer supports Animoca subsidiary’s blockchain racing game

August 19, 2022

The indie games subsidiary has just received support from Epic Games for its upcoming blockchain-powered P2E racing game Torque Drift 2. Australian indie game developer Grease Monkey Games, a subsidiary of Animoca Brands, has received received financial support from video-game giant Epic Games to develop a new blockchain-based motorsport game Torque Drift 2 Receiving an…
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‘Programmable money should terrify you’ — Layah Heilpern

August 19, 2022

The comments come as Layah Heilpern believes CBDCs will give rise to government enforced censorship which will prevent residents from transacting how they wish. Government controlled “programmable money should terrify you”, says social media influencer and TV Host Layah Heilpern, who sees central bank digital currencies (CBDCs) as a way for banks and governments to…
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CME Group to Offer Market Participants Ethereum Options 3 Days Before the Merge

August 19, 2022

Three days before Ethereum’s transition from proof-of-work (PoW) to proof-of-stake (PoS), the world’s largest derivatives marketplace in terms of volume, CME Group, announced plans to list ethereum options. While CME’s ether options product prepares for regulatory review, the company detailed that the options contract will be measured at 50 ether per contract, using the CME…
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