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SEC Postpones Verdict on Ark 21shares and Global X Spot Bitcoin ETFs

September 27, 2023 0

The U.S. securities regulator recently announced a delay in its verdict on the Ark 21shares Bitcoin ETF. Consequently, the U.S. Securities and Exchange Commission (SEC) has marked January 10, 2024, as the decisive day to either greenlight or reject the proposed amendment. SEC Pushes Back

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Binance Reopens Registrations in Belgium, Restores Services

September 27, 2023 0

Cryptocurrency exchange Binance is now accepting new registrations of Belgian users following an interruption caused by regulatory actions against it. In June, the trading platform was ordered to cease providing crypto exchange and custody services in the EU country. Binance Returns to Belgium 3 Months After Pausing Services Under Regulatory Pressure The world’s largest

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Bankman-Fried’s Lawyers Seek Another Attempt at Temporary Release

September 27, 2023 0

Lawyers for Sam Bankman-Fried are making another attempt to have the disgraced FTX founder temporarily released from jail before his October trial, claiming he needs better access to prepare his defense properly. Lawyers Cite Bankman-Fried’s Indispensable Knowledge for Complex Trial Preparation In a letter to U.S. judge Lewis Kaplan filed Monday, Sam Bankman-Fried’s

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Judge Limits Bankman-Fried’s Trial Arguments; Allows Recreational Drug Use Questions

September 27, 2023 0

A federal judge has issued rulings limiting some arguments the defense can make at Sam Bankman-Fried’s criminal fraud trial next month. However, the judge will allow Bankman-Fried’s lawyers to question witnesses about past recreational drug use. Bankman-Fried Can’t Mention Jail Time at Trial In a 16-page order, Lewis Kaplan, the U.S. District judge presiding over […]

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Central Bank Digital Currency a Threat to Financial Stability — Nigerian Central Bank Study

September 27, 2023 0

Despite the role it has played in narrowing the financial inclusion gap, the e-naira central bank digital currency still poses a risk to financial stability. In addition to bolstering the financial inclusion rate, the central bank claimed that the CBDC would “widen the size and stability of banks’ deposit base.” Nigeria’s Financial Inclusion Rates According […]

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Worldcoin Blows up in Chile; Sign-Ups Exceed 1% of the Population

September 27, 2023 0

Worldcoin, the biometric wallet and ID project, has reported that it has signed up more than 1% of the population of Chile. According to the organization, more than 200,000 Chileans are already using Worldcoin, a popularity uptick shared with other South American countries, including Argentina, where 9,500 Argentines verified their IDs in a day. Worldcoin […]

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Moneygram Introduces Non-Custodial Crypto Wallet for Cross-Border Payments

September 26, 2023 0

Moneygram, a leading money transfer company, announced plans to launch its own non-custodial digital wallet in partnership with the Stellar Development Foundation. The wallet will enable users to convert between fiat and digital currencies when sending cross-border payments. Moneygram Partners With Stellar to Launch Non-Custodial Digital Wallet Set to launch in the first

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Bernstein: Crypto Funds Poised for 13x Growth: From $50B to $650B in 5 Years

September 26, 2023 0

Bitcoin and crypto asset funds currently represent a niche market with an estimated worth of $50 billion, as highlighted by Bernstein Research. Yet, under the leadership of Gautam Chhugani, Bernstein’s team of analysts anticipates these funds may oversee between “$500-650 billion of assets” in the coming five years. $650B Horizon: Bernstein Envisions Massive Growth in […]

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Treasury Sanctions Ethereum Wallet Used by Sinaloa Cartel to Launder Fentanyl Financing 

September 26, 2023 0

The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned an Ethereum wallet used by the Sinaloa Cartel to launder money from fentanyl sales in the U.S. Mario Alberto Jimenez Castro, an accused money launderer for the cartel’s Los Chapitos faction, allegedly directed the use of cryptocurrency and wire transfers to pay cartel leaders […]

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Biggest Movers: BCH 5% Higher, as BNB Nears Key Price Target

September 26, 2023 0

Bitcoin cash rose by as much as 5% on Tuesday, as bulls extended recent gains following last week’s consolidation. The token rose for a second consecutive session, moving closer to a resistance level of $225 in the process. BNB also climbed, pushing towards a ceiling of its own at $220. Bitcoin Cash (BCH) Bitcoin cash […]