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Eurosystem Approves New Oversight Framework Concerning Crypto Services


The monetary authority of the euro area, the Eurosystem, has introduced a new framework for overseeing electronic payments, including services related to crypto assets. The new set of rules will complement upcoming EU regulations for cryptocurrencies and stablecoins. ECB Aims for Secure...

Moonpay Raises $555 Million in First Funding Round


Moonpay, a cryptocurrency payments service provider, has raised $555 million during its first funding round. Led by Tiger Global Management, this series A funding round propelled the valuation of the company to $3.4 billion, which will be used for expansion endeavors. The fiat-to-crypto ramp that...

Citigroup to Hire 100 People for Its Crypto Division: Report


Citigroup is reportedly looking to hire 100 people for its new crypto team. “We believe in the potential of blockchain and digital assets including the benefits of efficiency, instant processing, fractionalization, programmability, and transparency.” Citigroup Growing Its Crypto Team...

Ethereum vs. Avax Social Media Battles Rage as L1 Fees Keep Rising


The Ethereum scaling wars are raging on social media due to the problems that this chain is facing, with fees on layer one (L1) at very high levels. Zhu Su, CEO of Three Arrows Capital, a notable crypto VC company, announced he withdrew his support from the project, criticizing the state in which...

South Korean Crypto Exchange Heavyweight Bithumb Gains Operating Permit


The last of the South Korean “big four” crypto exchange platforms – Bithumb – has finally received an operating license from the nation’s financial regulator, the Financial Intelligence Unit (FIU). Bithumb had submitted its application to the FIU ahead of the latter’s September 24 deadline....

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