Presidential candidate RFK Jr. pledges to protect Bitcoin users’ rights, highlighting the growing importance of the cryptocurrency. Important Points U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has made a noteworthy pledge to safeguard the rights of Bitcoin users. In a recent statement, RFK Jr. vowed to protect and uphold every individual’s “right to use and hold bitcoin,” showcasing …
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The Shanghai Clearing House’s support for digital yuan settlements signifies a major step towards widespread adoption of the digital currency in cross-border transactions. Key Points In a groundbreaking move, the Shanghai Clearing House, the first counterparty clearing institution in Asia, unveiled its support for digital yuan settlements on Monday. This marks a significant milestone in the adoption of the …
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Nevada’s financial watchdog steps up regulatory action against Prime Trust Key Points Nevada’s financial regulator has announced its determination to crack down on Prime Trust, a cryptocurrency custodian, in a bid to strengthen investor protection and regulatory compliance within the state. The move comes as the crypto industry faces growing scrutiny and tighter regulations worldwide. The Nevada Financial Institutions …
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The IMF calls on Egyptian authorities to intensify efforts in supporting the vulnerable and closing the wealth gap within the nation. Key Points Egyptian authorities have been called upon by the International Monetary Fund (IMF) to intensify efforts in supporting the vulnerable population and to close the gap of wealth disparity within the nation. The IMF, recognizing the importance …
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HSBC enables customers to trade Bitcoin and Ether ETFs through its mobile apps, signaling growing acceptance of cryptocurrencies by a major banking institution. Key Points HSBC, one of the world’s largest banking institutions, has announced that its customers can now trade Bitcoin and Ether exchange-traded funds (ETFs) listed on the Hong Kong stock exchange directly through the bank’s mobile …
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Chinese Nationals Arrested in Libya for Operating Cryptocurrency Mining Facility Dozens of Individuals Apprehended by Libyan Authorities Libyan authorities have arrested approximately 50 Chinese nationals after accusations surfaced that they were operating an illegal cryptocurrency mining facility. The incident sheds light on the ongoing battle against unauthorized cryptocurrency activities and highlights the global nature of the industry. The arrests took …
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Recent research spearheaded by Uniswap Labs has spotlighted the complexity of decentralized finance (DeFi) as a significant barrier to the involvement of retail cryptocurrency enthusiasts. Based on the responses from 1,860 U.S. retail users, the study highlighted the intricate and often confusing aspects of DeFi, which discourage users from engaging with on-chain services like Uniswap. Survey Unveils Deterring Factors for …
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Portals, a groundbreaking platform aiming to simplify the Web3 ecosystem, has recently completed a successful $2 million seed funding round. The round was led by Lightshift Capital, with participation from LongHash Ventures, Daedalus Angels, Poolside, Basement Labs, Mechanism Capital, and notable angel investors such as Emile Dubie, Mathieu Baril, Owl.eth, 0xMaki, Rudy Kadoch, David Dias, and more. Transforming the DeFi …
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Floki Inu, a popular meme token, has gained significant momentum in the decentralized finance (DeFi) space after being listed on Binance.US, the world’s most widely recognized crypto exchange for U.S citizens. This achievement has led to an increase in social interactions and market activity, making it the leading memecoin in the industry. Listing on Binance.US Sparks Momentum On April 24, …
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Maple Finance, a DeFi crypto lender, has launched a new cash management pool for U.S. Treasury Bill yields. The product will allow accredited web3 investors, such as decentralized autonomous organizations (DAO), offshore firms, Web3 treasures, and high net-worth individuals, to access the pool that invests in one-month Treasury Bills with no minimum lock-up period. Yield and Fees The pool will …
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