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  • US Sues Binance Crypto Exchange and CEO Changpeng Zhao Over ‘Web of Deception’ as Bitcoin Tumbles

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    US regulators sued Binance and its CEO Changpeng Zhao on Monday for allegedly operating a “web of deception,” piling further pressure on the world’s biggest cryptocurrency exchange and sending Bitcoin to its lowest in almost three months. The Securities and Exchange Commission (SEC) complaint, filed in a federal court in Washington, D.C., listed 13 charges […] More

  • European Parliament Backs EU’s First Set of Regulations for Crypto Assets; Rules to Roll Out in 2024

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    The European Parliament on Thursday overwhelmingly backed the European Union‘s first set of rules to regulate cryptoasset markets. Parliament voted by 517 in favour and 38 against to approve the world’s first comprehensive set of regulations for issuing and trading cryptoassets such as bitcoin. “This regulation brings a competitive advantage for the EU,” said Stefan […] More

  • India, UK Discuss Crypto Assets; Focus on Robust Approach to Handling Risks and Vulnerabilities

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    India and the UK on Wednesday discussed international developments regarding crypto assets and emphasised the importance of robust global approaches to deal with risks attached to this. At the India-UK 2nd Financial Markets Dialogue participants from both countries provided updates on recent developments in their respective banking sectors, discussing banking trends and emerging vulnerabilities and […] More

  • Intel Discontinues Production of Bitcoin Mining Chip Series After Crypto Market Rout

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    Chipmaker Intel said on Tuesday it has discontinued production of its bitcoin mining chip series, just a year after its introduction. A rout in the cryptocurrency market hurt some chip companies including Nvidia, whose high-end graphics chips became popular for crypto mining. Intel expects to stop taking orders for the series, called Blockscale, by October […] More

  • Bitcoin Usage in El Salvador Down from Last Year, Crypto Remittances Drop by 18 Percent

    Bitcoin Usage in El Salvador Down from Last Year, Crypto Remittances Drop by 18 Percent

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    El Salvador, that has been criticised by the IMF for legalising Bitcoin as a payment option, is reportedly witnessing a drop in the usage of the cryptocurrency. The economy of the central American nation, that depends largely on remittance incomes, has recorded a significant fall in BTC-based remittances. Data from the Salvadoran Central Reserve Bank […] More

  • Twitter Partners With eToro, Will Let Users Engage With Crypto, Trade Stocks Within Platform

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    Elon Musk, after briefly changing Twitter’s blue bird logo with the Dogecoin logo, has taken a step towards making the platform more ‘crypto friendly’. Twitter has finalised a partnership with eToro to enable over 450 million of its active users to access crypto trading from within the app. The announcement of this development was disclosed […] More

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