Messari CEO Recognizes Ripple CLO’s Efforts Following SEC Ruling

The Ripple vs SEC lawsuit nears its final ruling, generating anticipation for regulatory clarity and the broader impact on the crypto industry. Key Points The Ripple Vs SEC lawsuit is nearing its final phase, and the anticipation for the final ruling is high within the cryptocurrency industry. This case holds significant importance as it is expected to provide much-needed clarity …

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Chinese Yuan-Backed Stablecoins Could Help Internationalize Currency, says Circle CEO

Circle CEO suggests China should consider using CNY-backed stablecoins to promote the internationalization of its currency, emphasizing their potential effectiveness over CBDCs. Key Points In a recent interview with the South China Morning Post, Jeremy Allaire, CEO of Circle, suggested that the Chinese government should consider allowing Chinese Yuan (CNY)-backed stablecoins as a means to promote the internationalization of its …

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How Elon Musk’s Social Media Savvy Led to the Downfall of ‘Bob’ and the Meme Coin Scam?

The social media platform Twitter has taken action against the AI-driven bot known as “Explain This Bob,” which had links to the widely circulated meme cryptocurrency BOB, by suspending its account. Key Point Elon Musk, the mastermind behind Tesla and SpaceX, recently took to Twitter to air his grievances about a meme coin AI bot known as “Bob.” The bot, …

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Ripple Secures In-Principle Payments License in Singapore

Ripple, the blockchain payments firm, has just announced that it has received in-principle approval of a Major Payment Institution Licence from the Monetary Authority of Singapore Key Points  In a much-needed boost for the cryptocurrency industry, Ripple, a blockchain company, announced on Thursday that it has been granted in-principle regulatory approval to operate in Singapore. The news comes at a …

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Forbes Predicts a $15 Trillion Shift Set to Rattle XRP and Other Cryptocurrencies to Their Core

Forbes warns of a seismic shift in the crypto market with XRP at the center, as BlackRock’s interest in Bitcoin ETF sparks potential market upheaval. Key Points Forbes magazine has issued a warning about an impending seismic shift that is headed towards the crypto market, with XRP at the center of it all. In their article titled “A New Wave …

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Celsius creditors allege Wintermute facilitated ‘wash trading’: Report

Creditors of bankrupt cryptocurrency lending platform Celsius have alleged that crypto market maker, Wintermute, assisted Celsius executives in manipulating the price of CEL (CEL) through improper market trading. According to a June 23 Bloomberg report, which cited a recent court filing, Celsius creditors have recently amended their lawsuit in the United States District Court of New Jersey to allege that …

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Japanese Crypto Companies Granted Tax Relief Under New Rules

Japan’s tax authority has updated its regulations on corporate taxes, offering a tax exemption for businesses involved in cryptocurrency transactions. Key Points   In a recent development, the tax administration in Japan has brought about a revision within corporate tax rules, providing an exemption to companies who deal with cryptocurrencies.  With this update, companies issuing cryptocurrencies can now expect a smoother …

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Circle Crypto Company Shifts Attention to the East Amid Hong Kong’s Regulatory Overhaul

Circle Internet Financial Ltd. expands into Asia’s cryptocurrency markets, specifically Hong Kong, while closely monitoring the territory’s evolving crypto regulations. Key Points Circle Internet Financial Ltd., a prominent American digital currency company, is expanding its operations into the promising cryptocurrency markets of Asia. CEO Jeremy Allaire is closely monitoring the evolving crypto regulations in Hong Kong, which aims to establish …

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EU Reaches Political Agreement on Crypto-Asset Regulations

The European Union has reached a political agreement on new bank-capital legislation to regulate crypto-assets, addressing concerns about their impact on the traditional financial system. Key Points   The European Union (EU) has made a significant stride towards regulating crypto-assets by reaching a political agreement on new bank-capital legislation. This agreement aims to address concerns about unbacked cryptocurrencies entering the …

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