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Incoming BoE Deputy Governor Discusses Crypto's Value and Risks


The incoming deputy governor of financial stability at the Bank of England (BoE) has said that crypto does not yet pose much of a risk to financial stability. During a hearing held by Parliament's Treasury Committee, Sarah Breeden, set to assume her new role on November 1, discussed the value...

More Chinese Firms Paying Workers in Digital Yuan


More Chinese companies are using the digital yuan to pay their workers, as Beijing looks to spur the adoption of its CBDC. Per the Huizhou Daily, the latest firm to trial paying staff in CBDC is a state-run bureau, a body that overseas finances at the Zhongkai High-tech Industrial Development...

PayPal Enhances Crypto Offering with USD Conversion Service


Payments giant PayPal is expanding its cryptocurrency offerings with the introduction of a USD conversion service.  The new "off ramp" service enables users to seamlessly convert their digital currencies into US dollars, the company said in a recent press release. With this service, crypto wallet...

Digital Fiats Will Help Us De-Dollarize, Claims Chinese Academic


Digital currencies will help China and its allies de-dollarize, a leading Chinese academic has claimed, as the nation continues to make CBDC progress. The comments came from Huang Qicai, the Deputy Director of the Fujian Academy of Social Sciences in an opinion piece for Guangming Daily. The...

New Court Filing: FTX Holds $1.1 Billion in SOL and $560 Million in BTC


Now-defunct crypto exchange FTX  holds approximately $7 billion in assets, including $1.16 billion worth of Solana (SOL) tokens and $560 million in Bitcoin (BTC). In a Monday court filing, the company said it has managed to secure $1.5 billion in cash in addition to the $1.1 billion it held as...

Santiment Says Market is Hinting at "Price Bounces" as FUD Dominates


Digital assets are displaying signs of potential price rallies despite growing market uncertainty, new insights provided by crypto analytics firm Santiment show. In a recent tweet, the firm highlighted the dominance of fear, uncertainty, and doubt (FUD) sentiments on social media platforms, noting...

Crypto Exchange Bitgamo to Open 75 Crypto ATMs in Europe Next Year


Bitgamo, a Luxemburg-based emerging crypto to fiat exchange, has announced that it would establish 75 cryptocurrency ATMs across Europe in 2024, promising the best rate in the market.... Read More: Crypto Exchange Bitgamo to Open 75 Crypto ATMs in Europe Next Year

Judge Orders Teen Hacker to Return $5.2M Worth of Bitcoin Stolen in 2016


A federal judge has ruled that a young hacker must forfeit approximately $5.2 million worth of Bitcoin (BTC) and a sports car to the US government.  The ruling claims that Ahmad Wagaafe Hared, a resident of Tucson, Arizona, stole cryptocurrency from Northern California crypto executives back...

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