An Atlantic Council study published Thursday showed that 134 countries, or 98% of the global Gross Domestic Product (GDP), are currently exploring a central bank digital currency (CBDC). This number has surged from just 35 since May 2020. Currently, 68 countries are in advanced stages of exploration, which includes development, pilot, or launch phases. Notably,…
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An Australian Federal Court on Thursday, dismissed a case filed by ASIC against crypto firm Finder Wallet. The Judgement passed by Justice Markovic stated that Finder’s Earn product was ‘compliant’ and did not provide unlicensed financial services. The Australian Securities & Investments Commission (ASIC), the nation’s corporate regulator, filed a case against Finder Wallet in…
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The South Korean gaming behemoth WeMade is hopeful that its massive blockchain gaming drive is finally starting to pay dividends, media reports claimed on March 13. Business Post claimed that the industry was “paying attention” to the firm amid the crypto bull market. South Korean Gaming Firm’s Token Booming WeMade began its ambitious crypto pivot…
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Thailand approved a crypto tax break for individuals holding investment tokens on March 13 to encourage the use of these tokens for fundraising purposes. Capital gains from such holdings are now exempt from personal income tax calculations, even if a 15% withholding tax was previously applied. Thailand Approves Crypto Tax Break According to reports from the…
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A Blast block explorer has reported that the Blast network had encountered a disruption in block production during the Ethereum Dencun upgrade. No blocks have been produced since approximately 14:05 GMT. Designed as an experimental layer-2 solution on Ethereum, the Blast network offers a native yield on assets. The layer-2 blockchain team said a full…
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Bitcoin Price Prediction Bitcoin‘s price went up by more than 2.50% on Wednesday to trade near $73,000. This uptick occurs as Asian stocks reach a seven-month apex, undeterred by the slightly higher U.S. inflation rates which have spurred investor bets against mid-year interest rate adjustments. Investors sentiment suggests interest rates will not change until mid-year.…
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Nigerian authorities have reportedly requested Binance, the largest cryptocurrency exchange, to provide information on its top 100 users in Nigeria, along with its entire transaction history for the past six months, according to a report by the Financial Times on Tuesday. Nigeria may seek a $10 billion fine from Binance as retribution, as the country…
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Digital asset clearinghouse ClearToken announced it has received over $10 million in investment from Nomura’s digital asset subsidiary Laser Digital with participation from Flow Traders, GSR, LMAX Digital and Zodia Custody, a subsidiary of Standard Chartered’s SC Ventures. In an announcement, ClearToken revealed a rough timeline for when it plans to start offering services in 2025-2026…
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The London Stock Exchange has confirmed that it will begin accepting applications for bitcoin and ether exchange-traded notes (ETNs) in the second quarter of 2024 – but the Financial Conduct Authority (FCA) approving any of these products for UK retail investors is still very unlikely, say European product providers. The FCA said it will not…
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Starknet Foundation said it is introducing a new initiative to reduce fees, which benefits users and developers, in parallel to the Ethereum Dencun hard fork. The Ethereum Dencun upgrade includes EIP-4844 which reduces the costs of layer-2 rollups is taking place today and is expected to immediately decrease gas fees on layer 2s by 75%.…
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