West African nation Liberia is mulling to create central bank digital currency (CBDC) in collaboration with real-world asset platform Gluwa. Gluwa, which recently partnered with Bank of Nigeria (CBN) to help drive its CBDC ‘eNaira,’ will be assisting in the research and development of Liberia’s CBDC. Tae Oh, Gluwa’s CEO, met the President of Liberia,…
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On Tuesday, the business intelligence firm Microstrategy announced it completed a $603.75 million offering of convertible senior notes due 2031. After the announcement, Microstrategy’s founder Michael Saylor announced the company acquired 9,245 bitcoin for $623 million using the proceeds and excess cash. Microstrategy Now Holds 214,246 Bitcoin After Microstrategy announced its convertible note sale, the…
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Japan’s Government Pension Investment Fund (GPIF) said Tuesday that it is seeking information regarding diversifying into illiquid assets such as Bitcoin, gold, forests, and farmland. The GPIF aims to refine its core investment portfolio with a focus on long-term sustainability, taking into account major economic and social shifts. It plans to conduct research aligned with…
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Grab, Southeast Asia’s leading e-hailing and food app, is now letting Grab Pay users in Singapore to seamlessly top up their e-wallet balances using cryptocurrencies. In partnership with digital assets payment provider Triple-A, Grab integrated the feature on March 12, the Straits Times reported. Triple-A, which raised $10 million in Series A funding on October,…
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The Hong Kong Monetary Authority announced the launch of the second phase of the pilot of its CBDC, the digital Hong Kong dollar (e-HKD). This new phase will focus on furthering the research on already examined use cases for the currency, including programmability and tokenization, and adding new, not previously explored use cases. Hong Kong…
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The US Securities and Exchange Commission was sanctioned for its controversial restraining order against crypto firm DEBT Box, a March 18 court filing showed. In a rare rebuke, Judge Robert Shelby slammed the agency on Monday, calling its actions toward DEBT Box a “gross abuse of power.” Shelby penalized the agency and ordered it to…
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South Korean regulators talked to officials from ASEAN, the Association of Southeast Asian Nations, and the OECD about crypto policy in Seoul on March 18. Per Yonhap, the event was hosted by the Seoul-based Financial Services Commission (FSC), South Korea’s top financial regulator. South Korean Regulators Aiming for International Crypto Cooperation? The FSC announced that…
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Fidelity has updated its Spot Ethereum exchange traded fund (ETF) application to the U.S. Securities and Exchange Commission (SEC) on March 18 to include staking. Fidelity updated the SEC with the form 19b-4 stating that from time to time, it may stake a portion of the fund’s assets through one or more trusted staking providers.…
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Solana’s native token saw am impressive increase in the past 24 hours despite wider market consolidation, exceeding $200. SOL is up 10.33% in the last 24 hours and is currently trading at $204.16 at press time, per CoinMarketCap. Additionally, SOL boasts a market capitalization of over $90 billion, positioning it as the 4th largest crypto…
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Kimchi premium crypto price discrepancy is driven by a lack of South Korean corporate investment in Bitcoin (BTC), say South Korean experts. Per Hanguk Kyungjae, a paucity of domestic investment options also drives the phenomenon that recently saw BTC prices in South Korea outpace the rest of the world by 10%. Kimchi Premium: Are South…
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