Tether USDT Injects $1 Billion into Treasury, Sending Markets into a Frenzy!
The world’s largest stablecoin, Tether USDT, has recently announced a massive minting of around $1 billion in its treasury. This news has sparked speculation among market analysts that a pump in the market is imminent. This is not the first time that Tether has printed new tokens, and in the past, such events have been associated with sudden and dramatic …
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Thai Parliament President’s Son Accused of NFT Fraud Worth B15m
Surabot Leekpai, known to his fans as “Pluem” on the VRZOChannel, finds himself in the eye of an escalating storm. The popular YouTube personality and son of Parliament President, Chuan Leekpai, is currently facing accusations related to a questionable non-fungible tokens (NFTs) investment project, as stated in a news report. Allegedly, this has led to financial harm, with losses totalling …
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Topcredit Int: Next-Gen One-Stop Asset Management Platform Going Global
(Canada, Toronto) Topcredit Int leads the fintech industry with its diverse business model, impressive performance, and profit-driven approach. Over the past three years, it has provided safe and convenient asset management services to 1.2 million users. The exchange positions itself as a secure, convenient, and efficient asset management tool. Established in June 2020 and based in Hong Kong, Topcredit Int’s …
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DeFi Firm PoolTogether Dodges Legal Bullet as U.S. Federal Judge Drops Charges
In a decisive victory for DeFi company PoolTogether, a U.S. Federal Judge dismissed all charges lodged against it. The lawsuit, initiated in 2021, accused PoolTogether of facilitating regulatory evasion and deceiving consumers. Joe Kent, a previous Congressional staff member, had filed the case as a litmus test while lawmakers mulled over potential legal approaches to DeFi entities. CASE DISMISSED!!!! 🦜🦜🦜🦜🦜🦜🦜 …
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Circle takes Singapore’s Fintech Industry by Storm with New Major Payment Institution License
Circle, a fintech firm, has achieved a major milestone in its Asian expansion efforts. The Monetary Authority of Singapore (MAS) has granted Circle Singapore a Major Payment Institution (MPI) license, which empowers the company to offer invaluable digital payment token services, cross-border money transfer services, and domestic money transfer services. Circle Singapore has obtained a Major Payment Institution (MPI) license …
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Dubai’s Crypto Adoption Goes Full Throttle with Bybit Partnership
Bybit, a well-known global cryptocurrency exchange, has partnered with Dubai Multi Commodities Centre (DMCC) to boost the growth and adoption of cryptocurrency and Web3 in Dubai. This collaboration marks a significant milestone in Dubai’s journey towards embracing digital currencies. On April 17, Bybit made an announcement about establishing its global headquarters in Dubai and hinted at upcoming localization initiatives in …
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UAE Central Bank Released Guidelines for Virtual Assets to Deter Money Laundering
Recently, new guidelines to prevent terrorism financing (AML/CFT) and money laundering have been released by the UAE Central Bank for LFIs or “licensed financial institutions”. The focus of the guidelines is on the risks associated with dealing with virtual assets. Breaking🚨: UAE🇦🇪 Central Bank has issued new guidelines for financial institutions regarding anti-money laundering (AML) & counter-terrorism financing(CTF) in relation …
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Reports from FDCI Say that US Depositors Withdraw Record $472 Billion
According to the FDIC or “Federal Deposit Insurance Corporation”, depositors in the United States pulled out a record-breaking $472 billion during the first quarter of 2023. This marks the highest amount of outflows ever recorded by the agency. The decrease in deposits can be attributed primarily to uninsured funds, while insured deposits actually rose by 2.5%, reaching a total of …
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Patamali Aims to Reshape Real Estate Financing in Kenya through DeFi
With ambitions to revolutionise the traditionally illiquid real estate market, Kenya’s Patamali is harnessing the power of Decentralized Finance (DeFi). Founded in November 2021 by visionaries Laura Omanga and Allan Musomba Mulei, the company has made significant strides by building its platform on the Celo blockchain. “🚨Big News Alert!🚨 Kenyas Patamali is taking over the real estate financing world with …
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Tether Takes on Bitcoin Mining with Renewable Energy in Uruguay
Tether, a renowned issuer of a stablecoin, plans to invest in sustainable Bitcoin mining in Uruguay, citing the country’s renewable energy capabilities as the ideal spot for Bitcoin mining production. Tether has purchased a facility for energy production and sustainable Bitcoin mining in Uruguay, broadening its revenue mix to back its USDT stablecoin. This action aligns with Tether’s goal to …
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