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Regulation
Bank of England will get more power in regulating stablecoins
The United Kingdom government could rebalance the power between the central bank of the country, Bank of England (BoE) and the principal financial regulator, the Financial Conduct Authority (FCA), in the former’s favor. That follows from…
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CoinGecko now has an index for crypto tokens alleged as securities
CoinGecko launched a new index tracking the biggest crypto tokens viewed as likely securities by the United States Securities and Exchange Commission. The "Top Alleged Securities Coins" page sorts the selection of crypto assets by market…
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DeFi faces stress test, DoJ fears run on Binance, Hong Kong’s…
Top Stories This Week
The decentralized finance (DeFi) ecosystem experienced a challenging week after a seismic security incident led to over $61 million being stolen from Curve Finance’s pools, leaving several…
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Revolut to terminate US crypto services due to regulatory challenges
Key takeaways
Revolut to halt crypto services in the US
UK fintech firm Revolut has revealed that it would no longer…
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Revolut to suspend cryptocurrency services in US
Cryptocurrency-friendly trading neobank Revolut is wrapping up its crypto services in the United States amid the ongoing regulatory uncertainty.Soon after announcing a partial delisting of certain digital assets from its platform,…
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FTX files motion to exclude its Dubai unit from bankruptcy proceedings
Bankrupt crypto exchange FTX has filed a motion in court to remove its Dubai unit from ongoing restructuring proceedings in the United States.In a court filing on Aug. 2, FTX argued that its Dubai unit didn’t conduct any business before…
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Binance denies reports of $90 billion in crypto trades in China
Binance has reportedly continued operations in China, despite the country’s ban on cryptocurrencies, even conducting billions of dollars worth of transactions monthly, according to a Wall Street Journal investigation. The WSJ report says…
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Binance secures the first operational MVP license in Dubai
Binance announced on Monday it had received the Operational Minimum Viable Product (MVP) license issued by Dubai’s…
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Borneo authorities seize illegal crypto miners running off stolen power
Authorities in the town of Miri on the island of Borneo shut down an illegal cryptocurrency mining operation and seized equipment following a tip-off from the public.According to local news outlet The Borneo Post, Sarawak Energy…
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Hester Peirce criticizes SEC warning to accounting firms
SEC Commissioner Hester Peirce says SEC’s warning to accounting firms could discourage “good-faith efforts” towards…
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