Business News
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Kraken Set to Revolutionize Banking for Crypto Traders
Kraken, a popular US-based cryptocurrency exchange, has announced plans to launch its own bank. This development comes at a time…
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Uniswap’s New Mobile Wallet: Trade Anytime, Anywhere!
Uniswap, the prominent decentralized finance (DeFi) protocol, has recently launched its mobile wallet for early access, offering traders the ability…
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Coinbase Acquires One River for Institutional Crypto Demand
Coinbase Global Inc. has made a strategic move in acquiring One River Digital Asset Management to cater to the institutional…
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Binance’s new strategy to conquer Singapore’s crypto market
Binance, the world’s largest cryptocurrency exchange, plans to apply for a license to offer cryptocurrency services in Singapore through its…
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Coinbase Terminates Partnership with Silvergate Bank Due to Investigation
Coinbase, a leading cryptocurrency exchange, has ended its partnership with Silvergate Bank as its United States dollar banking partner due…
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Visa reconfirms its crypto strategy despite market uncertainty
Visa has reaffirmed its commitment to its cryptocurrency strategy, refuting recent reports that the company was planning to pause its…
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UAE’s Ras Al Khaimah to Launch Free Zone for Digital Asset Companies
Ras Al Khaimah, one of the United Arab Emirates’ (UAE) seven Emirates, is set to launch a free zone for…
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Paxos and SEC in Constructive Talks Over BUSD Status
Paxos, the stablecoin issuer, is currently in discussions with the United States Securities and Exchange Commission (SEC) regarding the Binance…
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FTX Japan Resumes Withdrawals Following Exchange Collapse
FTX, the popular cryptocurrency exchange founded and led by Sam Bankman-Fried, collapsed in November 2022, leaving many users without access…
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Abu Dhabi’s $2B Boost for Web3 and Blockchain Startups
Abu Dhabi-based tech ecosystem Hub71 is launching a $2 billion initiative to support Web3 and blockchain startups in the Middle…
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EU Banks Told to Apply Caps on Bitcoin Holdings before Global Norms Take Effect
The European Central Bank (ECB) has instructed EU banks to set limits on their Bitcoin holdings in anticipation of global…
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Global Brokerage Giant Launches Crypto Trading in Hong Kong
Interactive Brokers has become the latest global brokerage firm to enter the Hong Kong cryptocurrency market by launching its crypto…
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Binance CEO drops bombshell about BUSD: investors in shock
Binance CEO Changpeng “CZ” Zhao has disavowed Binance-branded stablecoin BUSD after regulatory action prompted the cessation of its minting. On…
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Tron commits $100 million to invest in AI-blockchain ventures
Artificial Intelligence (AI) is quickly becoming one of the most fascinating and rapidly growing technological advancements of our time. With…
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Bitstamp Joins Elite Group of Crypto Firms Registered in France
Bitstamp, a leading cryptocurrency exchange with a presence in Luxembourg, London, and New York, has officially registered with the Financial…
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Binance, Bybit, BitMEX, and Bitfinex Show Support for Earthquake-stricken Turkey
Yesterday, a 7.8 magnitude earthquake struck southern Turkey, causing widespread devastation and taking over 3,500 lives in Turkey and Syria.…
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Dubai Takes the Lead: VARA Issues Crypto Regulations for VASPs
The Virtual Asset Regulatory Authority (VARA) in Dubai has taken the lead in regulating the cryptocurrency industry by issuing comprehensive…
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Dell Joins Hedera Governing Council to Explore DLT Possibilities
Dell has joined the governing council of Hedera, a distributed ledger technology (DLT) network that uses a hashgraph consensus mechanism.…
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Hodlnaut Attracts Interest from Potential Buyers Amid Claims Against FTX
Several potential buyers have approached the interim judicial managers of Singapore-based cryptocurrency lending firm Hodlnaut to express interest in acquiring…
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Logan Paul Sued Over Million-Dollar Crypto Scam
Logan Paul and the executives at CryptoZoo are facing a class-action lawsuit for allegedly stealing millions of dollars worth of…
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MicroStrategy’s Stock Soars with 8,813 Bitcoin Purchase in 2022
Enterprise business intelligence software provider MicroStrategy recently published its financial results for the fourth quarter of 2022. The report showed…
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Mark Wahlberg plans on producing a documentary on the ties between SBF and CZ
Mark Wahlberg’s production company, Unrealistic Ideas, is partnering with Fortune to create a documentary on FTX, but more specifically on…
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German bank Dekabank choses Swiss firm Metaco to offer crypto services
With over €400 billion in asset under management and more than 1.5 million clients, German bank Dekabank chose Metaco, a…
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Elon Musk confirmed rumors of the Twitter payments feature “Coins”
Talking with advertisers yesterday, the Tesla founder turned Twitter CEO Elon Musk confirmed earlier rumors that the social media giants…
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Celsius used customer funds to manipulate its CEL token
Shoba Pillay, an independent examiner for the New York Bankruptcy court, released a 476-page long report on the inner workings…
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Under the new regulatory regime, algorithmic stablecoins will not be accepted in Hong Kong
Hong Kong regulators released their regulatory plans for stablecoins, as a conclusion to a discussion they issued a year ago.…
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Binance and Mastercard team up to launch a prepaid crypto card in Brazil
At the end of November, the Chamber of Deputies implemented a new legal framework which allowed the Brazilian citizens to…
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South Korea will track crypto transactions
Plans to create a crypto-tracking system were announced by the South Korean’s Ministry of Justice. To be launched in the…
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Amazon will launch an NFT initiative this spring, sources say
According to sources of Blockworks, Amazon is currently developing an NFT initiative. Without going into much details, sources mention that…
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The FBI blocked $130 million in crypto ransomware
In an official statement published yesterday, the U.S. Department of Justice announced that for months, the FBI have been disrupting…
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