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US Judge Rules XRP ‘Not Necessarily a Security on Its Face,’ Sending XRP Supporters Into Celebration

July 13, 2023 0

According to a recent ruling handed down by U.S. judge Analisa Torres the crypto asset XRP is not “necessarily a security on its face.” In the ruling, both parties, the U.S. Securities and Exchange Commission (SEC) and Ripple Labs’ motions for summary judgment were granted in part and denied in

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Biggest Movers: MATIC Moves to 5-Week High, as LTC Climbs Above $100.00

July 13, 2023 0

Polygon jumped to a five-week high on Thursday, as founders of the token proposed an upgrade that will create a new coin, POL. If approved, MATIC will be replaced with the new token that will function on all Polygon networks. Litecoin also rallied, hitting a one-month high. Polygon (MATIC) Polygon (MATIC) jumped to a multi-week […]

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BIS Report Cites ‘Inherent Limitations’ of Cryptocurrencies; Questions Their Role in Global Economy

July 13, 2023 0

The Bank of International Settlements (BIS) has published a report on cryptocurrencies and explains that the technology has serious “flaws.” BIS researchers insist that permissionless blockchains have “inherent limitations” that lead to network congestion and high fees. BIS Report: ‘Crypto Has So Far Failed to Harness Innovation to the Benefit of Society’ In its latest

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Bitcoin, Ethereum Technical Analysis: Bitcoin Consolidates Below $31,000, as Traders Digest Recent Economic Data

July 13, 2023 0

Bitcoin retreated from recent gains on Thursday, as traders were unable to sustain a breakout of a key resistance level. Market volatility has risen following yesterday’s U.S. inflation report, which dropped to a two-year low. Ethereum was marginally lower, slipping below $1,900. Bitcoin Bitcoin (BTC) consolidated below the $31,000 level in today’s session, as traders […]

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US Authorities Accuse Former Security Engineer of Siphoning $9 Million From Defi Platform

July 13, 2023 0

Authorities in the United States recently revealed that law enforcement has arrested Shakeeb Ahmed for “wire fraud and money laundering in connection with his attack on a decentralized cryptocurrency exchange.” The U.S. Attorney for the Southern District of New York suggested that the money laundering charges against the security engineer stem from his alleged attempts

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Aurus: The Future of Precious Metals and Blockchain – Exclusive Hypergrowth Benefits

July 13, 2023 0

Aurus brings precious metals to crypto, enabling users to easily buy, trade, spend and earn gold, silver & platinum via blockchain technology. Join the community hypergrowth and benefit today. Imagine a world where gold can be exchanged as effortlessly as sending a tweet, and silver can be used for everyday purchases, such as paying for […]

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Russian State Duma Passes Digital Ruble Law

July 13, 2023 0

The State Duma, the lower house of the Russian Federal Assembly, discussed and passed the Digital Ruble law in its second and third discussion on July 11. The law will allow the Central Bank of Russia, as the sole regulator of the proposed digital currency, to organize a pilot test slated for August. State Duma […]

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Temasek Has No Immediate Intentions to Invest in Crypto Exchanges After FTX Loss

July 13, 2023 0

Singapore’s state-owned investment fund Temasek does not plan to put money into crypto firms amid the current regulatory uncertainty, according to a top executive. The statement comes months after Temasek lost $275 million from its involvement in the failed cryptocurrency exchange FTX. Temasek to Refrain From Investments in Crypto Companies for Now The sovereign wealth

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Binance US Reacts to Bitcoin Cash FUD, Assures Users Their Funds Are Safe

July 13, 2023 0

Binance’s U.S. platform has rejected rumors regarding its bitcoin cash (BCH) reserves, reassuring customers that their funds are safe. On Sunday, the exchange restored BCH withdrawals after a brief suspension attributed to a technical issue with the automated system managing deposit flows. Binance US Restores BCH Withdrawals Amid More FUD The American subsidiary of the

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Bank of China Expands Digital Yuan Testing to SIM Cards and NFC Payments

July 13, 2023 0

The state-owned financial institution Bank of China has revealed a partnership with China Unicom and China Telecom in order to test SIM cards and near-field communication (NFC) payments tethered to the renminbi. The Bank of China explains that the pilot will be tested by selected users and areas and it currently only supports Android phones. […]