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South African Central Bank Now Considers Cryptocurrency to Be a Financial Asset

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The deputy governor of the South African Reserve Bank (SARB) recently said the institution has changed its position on cryptocurrency, and now regards it to be a financial asset which must be regulated as such. The SARB expects to have a…

US Inflation Remains Scorching Hot, Jumping to 9.1% in June — White House Says CPI Data Is Already ‘Out-of-Date’

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According to the latest Bureau of Labor Statistics Consumer Price Index (CPI) report, U.S. inflation remains scorching hot as it has risen at the fastest yearly rate since 1981. June’s CPI data reflected a 9.1% year-over-year increase, even though a number…

Uncovering Terra’s Implosion — Terraform Labs’ Big Name Backers and ‘Zero Exposure’ Claims

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Digital currency markets have continued to slide downward in value as the crypto economy has dropped by 14% during the past 24 hours. Amid the market rout, the native Terra blockchain token LUNA has dropped to fresh new lows, slipping to…

Tesla CEO Elon Musk Reveals How He Will Improve Twitter if Bid Succeeds

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Tesla and Spacex CEO Elon Musk has revealed his priorities for improving Twitter if he successfully takes over the social media platform. Among his promises are to eliminate crypto spam bots, ensure free speech, implement edit functionality, and simplify the account…

Regulatory Arm of UAE Financial Centre Releases Defi Discussion Paper

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The regulatory arm of UAE’s financial centre, Abu Dhabi Global Market (ADGM), has released a discussion paper that is seeking stakeholders’ comments regarding the regulation of decentralized finance (defi). The paper also makes clear the regulator’s stance regarding the anonymity of…

Robinhood Lists Shiba Inu and 3 More Cryptocurrencies — SHIB Price Soars

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Popular trading platform Robinhood has listed shiba inu (SHIB) as well as three other popular cryptocurrencies. Supporters of the meme crypto have petitioned for months for Robinhood to list SHIB. Robinhood Finally Lists Shiba Inu Crypto Popular trading platform Robinhood announced…

US Senators Working on Broad-Based Crypto Regulation

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Two U.S. senators are working on a bipartisan, broad-based regulatory framework for cryptocurrency. “The work we’re doing is going to be a very complex and intensive review of the different aspects of this industry,” said one of the senators. US Senators…

Aptos, Led by Meta’s Ex-Employees, Gets $200 Million to Build a Scalable Blockchain System

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Aptos, a new startup created by some of Meta’s former employees involved in the Diem project, has announced it has raised $200 million for its upcoming goal of creating a scalable blockchain system. The investment, conducted in a strategic funding round,…

Deutsche Bank to Exit Russia, Says There Will Be No New Business There

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Germany’s Deutsche Bank has become the latest financial services giant to confirm it’s leaving Russia over Moscow’s military assault on Ukraine. The bank has been reducing its Russian exposure since 2014 when Russia annexed Crimea and the conflict in Eastern Ukraine…

Coinbase Blacklists Over 25,000 Crypto Addresses Tied to Russian Individuals and Entities

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The cryptocurrency exchange Coinbase has addressed the company’s procedures toward complying with sanctions in a blog post published on Sunday. The crypto firm says that respecting sanctions plays a “vital role in promoting national security” and the acts can help deter…