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Coinbase Acquires Equity Stake in Circle; Companies Reshape USDC’s Future

August 22, 2023 0

In a joint statement, Jeremy Allaire, CEO of Circle, and Brian Armstrong, CEO of Coinbase, announced the dissolution of the Centre Consortium. Consequently, Circle will take exclusive charge of the issuance and governance of USDC. Additionally, Coinbase has acquired an equity stake in Circle

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Vitalik Buterin Granted Taiwan Employment Gold Card

August 22, 2023 0

Ethereum founder Vitalik Buterin has received a permit that will allow him to legally reside and work in Taiwan. Speaking at a meeting with the country’s minister of digital affairs, Buterin said that the card will make it easier for him to visit the island nation and its Ethereum community. Taiwan’s Digital Minister Presents Buterin […]

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Dutch ING Bank Analysts: BRICS Expansion to Power De-Dollarization Across World Economies

August 22, 2023 0

Analysts of ING bank believe the de-dollarization trend that has been growing in the world might pick up momentum due to the possible expansion of the BRICS bloc. While the issuance of a BRICS common currency remains uncertain, according to some developing narratives, the Chinese yuan could become the de facto substitute for the U.S. […]

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Bitmain Dispatches Initial KS3 Antminers Amid Surge in Kaspa’s Hashrate

August 22, 2023 0

According to Bitmain, the well known crypto ASIC mining rig manufacturer, the company has shipped its first batch of KS3 Antminer machines. Despite each rig costing $49,800, Bitmain sold out of the first batch and announced another batch of KS3 Antminers would be available soon. As Kaspa’s Hashrate Climbs, Bitmain Ships KS3 Antminer Series Bitmain […]

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BRICS Not Focusing on Creating Common Currency, Indian Official Says

August 22, 2023 0

A top Indian official has downplayed the creation of a shared BRICS currency. Emphasizing that “common currency discussions have several prerequisites before you can even talk about a common currency framework,” the official stressed that the BRICS nations have focused on boosting settlements in national currencies. Indian Foreign Secretary on BRICS Currency India’s

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Over 40 Heads of State Will Attend BRICS Summit, South Africa Confirms

August 22, 2023 0

South Africa, the host of the BRICS summit this year, has confirmed that more than 40 heads of state will participate in the summit that will take place on Aug. 22-24. South Africa has also claimed that 23 countries have formally applied for BRICS membership. 40+ Heads of State to Participate in BRICS Summit Nelson […]

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Market Strategist Draws Parallels Between Bitcoin and 1930 Stock Market Crash

August 22, 2023 0

Bloomberg Intelligence’s senior commodity strategist, Mike McGlone, has explained that bitcoin appears similar to the stock market in 1930. At that time, elevated equity prices led to the stock market losing almost 90%. The crash of 1929, also called the Great Crash, contributed to the Great Depression which lasted approximately 10 years. Bitcoin v Stock […]

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Federal Reserve CBDC Would Threaten Privacy and Freedom, Report Warns

August 21, 2023 0

The America First Policy Institute (AFPI) recently sounded the alarm on the potential dangers of transitioning to a central bank digital currency (CBDC). This revelation, in a report penned by Michael Faulkender and David Vasquez, highlights the probable perils associated with the Federal Reserve’s direct issuance of a digital dollar. AFPI: A CBDC ‘Would Represent […]

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Gemini Challenges SEC Lawsuit on Lending Program, Pushes for Oral Hearing

August 21, 2023 0

Lawyers for cryptocurrency exchange Gemini have filed a motion seeking to dismiss a lawsuit brought against it by the U.S. Securities and Exchange Commission (SEC) over its Gemini Earn lending program. In the motion, Gemini argues the SEC has failed to plausibly allege that any securities laws were violated. Gemini Moves to Dismiss SEC Claims, […]

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Binance Plans to Halt EUR Withdrawals via SEPA Amid Third-Party Payment Challenges

August 21, 2023 0

Numerous sources have indicated that Binance, the largest crypto exchange by global trading volume, has temporarily halted EUR withdrawals and deposits through SEPA due to challenges with a third-party payment facilitator. However, a post published by Binance’s customer support team at 12:21 p.m. (ET) on Monday notes the service will officially halt on September 25, […]