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Accept the ‘Best and Final Offer’ or Face Legal Action Gemini’s Cameron Winklevoss Tells DCG Founder

July 5, 2023 0

According to Cameron Winklevoss, the co-founder of the crypto exchange Gemini, a lawsuit will be filed on July 7 against Barry Silbert and the Digital Currency Group if the latter two fail to accept creditors’ “best and final offer.” Winklevoss also vowed to work with the Genesis Special

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Chinese City of Jinan Implements Digital Yuan Payments for Public Transportation Fares

July 5, 2023 0

Jinan, the capital of the Chinese province of Shandong, has recently included the digital yuan as a means of payment for its public transportation system. According to local sources, digital yuan payments were implemented on July 1 in all city buses after being tested in just two bus lines. Jinan Includes Digital Yuan Payments In […]

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US Representative Warren Davidson: ‘CBDC Corrupts Money Into a Tool for Coercion’

July 5, 2023 0

Warren Davidson, U.S. representative and part of the House Committee on Financial Services, has disregarded issuing a central bank digital currency (CBDC) in the country. Davidson explained that CBDCs corrupt money into a “tool for coercion” and detailed that there was no legal way of issuing such a currency without legislation. U.S. Representative Warren Davidson: […]

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Mark Cuban Says SEC Makes Mistakes in Crypto Regulation, Calls Regulator ‘Arrogant’

July 5, 2023 0

Mark Cuban, a Shark Tank star and owner of the NBA team Dallas Mavericks, has slammed the U.S. Securities and Exchange Commission (SEC) for taking a wrong approach to regulating the crypto industry. “The SEC is not infallible. It makes mistakes,” the billionaire stressed, adding that if the SEC had taken a similar approach to […]

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Xi Jinping, Vladimir Putin Push for Increased Settlements in National Currencies

July 5, 2023 0

Chinese President Xi Jinping and Russian President Vladimir Putin have pushed for the increased use of national currencies in mutual settlements as more countries shift away from the U.S. dollar. “I consider it essential to increase the share of settlements in national currencies” within the Shanghai Cooperation Organisation, said Xi at Tuesday’s SCO summit. Meanwhile,

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New BRC69 Token Standard Promises 90% Savings for Bitcoin’s Ordinal Inscriptions

July 5, 2023 0

While Ordinal inscriptions continue to rise, nearing the 15 million range, a new token standard was revealed on July 3 called BRC69. According to the creators of the concept, it can reduce the costs of inscriptions for Ordinal collections by over 90%. The launchpad Luminex, which announced the BRC69 token standard, insists that the “brilliance […]

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Former SEC Official Calls CBDC ‘the Most Absurd Financial Idea’ Citing Unnecessary Risks, Privacy, Cybersecurity Concerns

July 4, 2023 0

The U.S. Securities and Exchange Commission’s (SEC) former head of internet enforcement has called the creation of a central bank digital currency (CBDC) “the most absurd financial idea in the history of monetary policy.” He warned that a central bank digital currency not only creates “a multitude of unnecessary risks relating to global financial systemic […]

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LBank Labs Launches $10 Million MEME Special Fund, Aiming to Nurture High-Quality Early-Stage Innovation Projects

July 4, 2023 0

PRESS RELEASE. LBank Labs, the venture capital arm of the global exchange LBank, has today announced the establishment of a $10 Million MEME Special Fund. The move is intended to encourage high-quality early-stage innovative MEME projects, foster industry growth, and give back to the wider community. LBank Labs will seek innovative and quality-driven MEME projects […]

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Voyager Digital’s Bankruptcy Battle Racks Up Millions in Legal Expenses

July 4, 2023 0

A recent court filing from the now-insolvent Voyager Digital Holdings and its creditor committee revealed that legal expenses amounting to $16.5 million have accumulated from July 22, 2022, through May 18, 2023. The records indicate that between March and May 2023, roughly $5.17 million in legal fees were billed to the estate. Lawyers and Restructuring […]

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The High Rate Environment —  Bank of America Faces Paper Losses Exceeding $100 Billion

July 4, 2023 0

Following the aftermath of the United States’ three major bank collapses, several market observers argue that the banking crisis in the country persists. Bank of America has recently garnered significant attention, with the Federal Deposit Insurance Corporation (FDIC) reporting that the financial behemoth incurred paper losses exceeding $100 billion by the close of the