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India and the United Arab Emirates will jointly conduct pilot programs on central bank digital currencies, or CBDCs, according to an announcement on Wednesday. The Reserve Bank of India and the Central Bank of the United Arab Emirates signed a memorandum of understanding in Abu Dhabi to explore the interoperability
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Crypto exchange Binance will halt British pound sterling deposits and withdrawals starting May 22. This will likely remain till it finds another server. In an email sent to customers on Monday, the firm explained that customers won’t be able to use GBP as their account on- or off-ramps because
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Cryptocurrency exchange Coinbase (COIN) has officially suspended trading for the Binance USD (BUSD) stablecoin, according to a tweet on Monday. The exchange announced its intention to delist BUSD in February with Coinbase CEO Brian Armstrong citing liquidity concerns. The decision came after Paxos, the company that issues BUSD, stopped minting
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Bitcoin (BTC) dropped about 6% in the past 24 hours to sink below $21,000 for the first time in seven weeks as investors continued to fret about the fallout from crypto-friendly bank Silvergate Bank’s implosion. On Wednesday Silvergate Capital (SI), the parent company of the lending-based bank said
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Blockchain.com, a crypto financial services company, is suspending operations of its recently launched asset management arm, citing the prolonged crypto winter as the reason for its decision, according to a Bloomberg report. Blockchain.com Asset Management, or BCAM, was started in April 2022 in an effort to attract institutional
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JPMorgan (JPM) is ending its banking relationship with Gemini, the cryptocurrency exchange owned by Cameron and Tyler Winklevoss, according to a person familiar with the situation. JPMorgan, in 2020, took on Gemini and U.S.-listed exchange Coinbase as customers, the Wall Street Journal reported. Coinbase's banking relationship
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Yuga Labs’ controversial auction of its debut Bitcoin NFT collection concluded Monday, with 288 successful bidders bidding for as many pieces in the limited series, spending a combined $16.49 million worth of BTC. The collection, TwelveFold, garnered 3,246 total bids during the 24-hour auction, which began Sunday, according
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The U.S. regulator announced emergency action against investment adviser BKCoin Management in connection with an alleged fraud scheme. The SEC alleged on Monday that Miami-based BKCoin Management raised $100 million from at least 55 investors to plug into cryptocurrency—but instead used it to splash on luxury items and
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The price of Dogecoin (DOGE) is down another 1.7% over the day and almost 10% on the week, dropping to a two-month low of $0.073, according to data from CoinGecko. The world’s largest meme coin last traded at these levels on January 8 amid the resurging crypto
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Layer 1 blockchain network Near Protocol has launched a product-first operating system that developers can build into and users can interact on as a single platform. Illia Polosukhin, Near’s co-founder, announced this at the ETHDenver industry conference. The platform is intended to act as a common layer for browsing
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NFT sales volume skyrocketed in February to highs not seen since the onset of crypto winter last spring, according to data from DappRadar. Trading surpassed a whopping $2.04 billion last month, up 117% from $941 million in January. Those figures make February the best month the NFT market has
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Ethereum gas fees are gradually rising in response to the rebound of the non-fungible token (NFT) market. According to an on-chain analytic firm, Glassnode, the average cost of gas has topped roughly 20 gwei in the last nine months. In February alone, the fees reached 38 gwei, about 90% higher