Will the growing regulatory heat on stablecoins stifle innovation?
As stablecoins face pressure to adopt traditional safeguards, the industry’s efforts to self-regulate should not be overlooked, writes Charlie Martin of Gro.
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Binance to take $200M stake in Forbes
Binance, the world’s largest cryptocurrency exchange, plans to take a US$200 million stake in Forbes through a private placement, making it one of the two largest shareholders of the 104-year-old business magazine. Fast facts The investment comes as Forbes seeks to go public on the New York Stock Exchange via a deal with a special…
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S.Korean gaming giant Netmarble partners with Binance for GameFi
Netmarble revealed Thursday that it has formed a strategic partnership with Binance to establish a global blockchain gaming ecosystem. Fast facts Binance will provide its blockchain platform and tech infrastructure to Netmarble. Netmarble will build a new sidechain on the Binance Smart Chain (BSC) for developing GameFi and an initial game offering (IGO) on the…
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Indian crypto tax creates more confusion than clarity for traders, exchanges
The announcement of a crypto tax dispelled fears of a ban but left exchanges wondering whether they may be hurt in the long run.
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JPMorgan predicts $150,000 Bitcoin price in the long run
American banking giant JPMorgan predicts Bitcoin’s price will approach US$150,000 in the long term, strategist Nikolaos Panigirtzoglou wrote in an investors note cited by Bloomberg. Fast facts Bitcoin, the largest cryptocurrency by market capitalization, is currently trading at about US$43,830, but JPMorgan pegs its fair value at around US$38,000, about 15% lower than its current…
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Crypto to be OK’d for circulation in Russia, as ban concerns fade
Russia’s central government agencies reached an agreement to regulate cryptocurrencies by mandating licenses for exchanges and taxing large transactions on Tuesday, shelving concerns of a blanket ban proposed by the central bank last month. Fast facts Russian business newspaper Kommersant reported the government and the Bank of Russia are preparing a draft law by Feb.…
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AssangeDAO strikes crypto gold
WikiLeaks founder’s legal defense fundraising bonanza. Shiba Inu’s big new leap. NFT fever rises in China.
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What is Web 3.0 and how will it shape the crypto future?
By returning data ownership and reshaping human-machine interactions, the third generation of the internet promises an interconnected future.
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Memecoins prove their staying power, despite industry skepticism
Last weekend’s rally shows there is still life left in memecoins. Industry insiders weigh in on where they stand in the long run.
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US seizes $3.6B worth of Bitcoin stolen in 2016 Bitfinex hack
The U.S. Department of Justice (DOJ) has seized over US$3.6 billion worth of Bitcoin linked to crypto exchange Bitfinex’s hack that occurred in 2016, as the country ramps up efforts to combat crypto crime. Fast facts The DOJ said Tuesday in a statement that it has arrested two individuals for allegedly laundering proceeds of 119,754…