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Hong Kong Securities Regulator Warns Unlicensed Crypto Exchanges

10.8.2023
The Securities and Futures Commission (SFC) of Hong Kong has issued a warning to unlicensed providers of crypto trading services. Concerned about their engagement in “improper practices,” the regulator also said investors should be aware that some of these platforms may never actually apply for...

Bitrefill Adds Support for eSIM Purchases With Cryptocurrencies

10.8.2023
Bitcoin-friendly mobile top-up platform Bitrefill announced support for eSIM purchases with a number of cryptocurrencies. The service will allow travelers to have access to fast internet in different countries around the world after buying prepaid data plans using their digital coins. You Can...

600 Russians to Trial CBDC Next Week – Digital Ruble Pilot Begins

10.8.2023
The Russian digital ruble pilot proper will begin next week, says the country’s Central Bank, with 600 citizens set to become the first people in the nation to use the CBDC. The bank said that the first transactions with the CBDC would be conducted on August 15, and that the pilot would initially...

NFT project y00ts to return $3M grant as it ditches Polygon for Ethereum

10.8.2023
DeLabs has promised to return the $3 million grant initially provided by Polygon Labs to support y00ts from Solana to Polygon

Binance Expands Global Reach — Becomes Fully Licensed Crypto Exchange in El Salvador

10.8.2023
Binance has become a fully licensed cryptocurrency exchange in El Salvador, having obtained two licenses: a Bitcoin Services Provider license (BSP) and a Digital Assets Services Provider license (DASP). According to the company, Binance now has approvals and registrations in 18 markets worldwide....

Rise in Chinese Citizens, Firms Using Digital Yuan to Pay Taxes

10.8.2023
More Chinese citizens and firms are using the digital yuan, China’s central bank digital currency (CBDC), to pay their taxes, state organs, and government-owned banks have claimed. Per Xinhuanet, the claims were made by Hunan Province’s Tax Bureau, as well as the Changsha Central branch of...

Putin and Ramaphosa Discuss BRICS Summit, Trade and Cooperation; Russian President to Join via Video Link

10.8.2023
Russian president Vladimir Putin and South African president Cyril Ramaphosa recently addressed cooperation, trade, and preparations for the upcoming BRICS summit. The two leaders conversed about practical cooperation and the expansion of the organization, reflecting a shared commitment...

Bitcoin Price Could Rise to $180,000 by 2024 Halving, Says Fundstrat

9.8.2023
In a recent note to investors, Fundstrat has forecasted a potential surge in the price of bitcoin to an astonishing $180,000 before its next block reward halving event in April 2024. The financial services company attributes this projected 521% price hike from current levels to the rising demand...

Galaxy Digital Narrows Losses To $46 Million, Maintains Strong Liquidity Position At $696 Million In Q2 2023

9.8.2023
Galaxy Digital's latest earning report shows a major reduction in losses to $46 million as the cryptocurrency market grows through the second quarter of the year. The New York-based firm led by CEO Michael Novogratz has recorded a change in fortunes since Bitcoin (BTC) surged slightly over...

Bank of England Wants Digital Pound Advisers as It Moves to CBDC Design Phase

9.8.2023
The Bank of England has also started recruiting for its central bank digital currency engagement forum

Men Simply Walk Away With $300,000 Of Stolen Magic: The Gathering Cards

9.8.2023
During Gen Con, an annual tabletop gaming convention held yearly at the Indiana Convention Center, some thieves made off with a substantial amount of Magic: The Gathering cards worth hundreds of thousands of dollars. Read more

Russia to being CBDC trials with 13 banks

9.8.2023
According to Olga Skorobogatova, First Deputy Governor of the Bank of Russia, initiating pilot operations using genuine digital rubles represents a pivotal phase within the project

Russia to Test Digital Ruble With Banks, Clients

9.8.2023
The country's central bank will begin real-world tests of the digital currency with 13 banks and limited clients on Aug. 15

House Financial Services Committee Advances Clarity for Payment Stablecoins Act

9.8.2023
On July 27, 2023, The U.S. House Financial Services Committee advanced a stablecoin-focused bill for the first time. The Clarity for Payment Stablecoins Act of 2023 would establish a federal regulatory framework for stablecoins with the U.S. Federal Reserve playing a pivotal role. The bill would...

Blockchain․com Obtains Payment License in Singapore

9.8.2023
Crypto company Blockchain․com has been granted a payment license in Singapore that will enable it to provide regulated services for digital assets. The authorization in the city-state, which is a major trading hub for the platform, is part of its efforts to comply with local regulations in...

Canadian Police Unit Utilizes Chainalysis Blockchain Forensics for Cryptocurrency Investigations

9.8.2023
Officials in law enforcement from Lethbridge, situated in the province of Alberta, Canada, have unveiled that the Lethbridge Police Service (LPS) is now utilizing Chainalysis blockchain forensics software. According to local reports, LPS has acquired the capacity to trace cryptocurrency...

Most Russians Wary of Digital Ruble, Survey Finds – Blow for Moscow’s CBDC?

9.8.2023
Most Russian citizens say they distrust or have no interest in using the digital ruble, Russia’s CBDC, a survey has found. The survey was carried out by the media outlet and information service provider BankInform, which asked its subscribers to give their thoughts on the CBDC. The coin...