News

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  Galaxy Digital Secures Multimillion-Dollar Loan with Tokenized Stradivarius Violin

  Galaxy Digital, led by Michael Novogratz, is using a tokenized Stradivarius violin as collateral for a multimillion-dollar loan. The historic instrument's digital representation as an NFT ensures secure asset management.

  6 June 2024
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  Tether Invests $18.75 Million in XREX to Boost USDT Cross-Border Payments

  Tether's $18.75 million investment in XREX aims to enhance compliant cross-border payments and foster innovation in regulatory technology. The new XAU1 stablecoin will also be supported by this funding.

  5 June 2024
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  Mastercard Launches Crypto Credential for Easier Crypto Transfers

  Mastercard’s Crypto Credential, now available on exchanges including Bit2Me and Lirium, allows for simpler and more secure cryptocurrency transfers using aliases. The feature aims to broaden its functionality to include various digital assets and payment solutions.

  4 June 2024
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  Biden Vetoes Congressional Bid to Overturn SEC’s Crypto Regulation

  President Biden has upheld the SEC’s Staff Accounting Bulletin No. 121 by vetoing a Congressional resolution, despite significant criticism from the cryptocurrency sector. This move highlights Biden’s focus on ensuring robust consumer protection in the digital asset space.

  3 June 2024
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  Coinbase Adapts to Stable Crypto Market with Diversified Revenue Streams

  Coinbase is facing growth challenges due to reduced trading volumes in a more stable crypto market. The company’s shift to Bitcoin ETFs and the Base network aims to ensure future financial stability.

  2 June 2024
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  PayPal Expands PYUSD Integration to Solana Blockchain for Enhanced Financial Applications

  The integration of PayPal’s PYUSD with Solana’s blockchain marks a significant step in leveraging Solana’s low-cost and efficient transaction features for digital asset applications.

  1 June 2024
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  Marathon Digital Partners with Kenya for $80M Renewable Energy Bitcoin Mining Initiative

  In a bid to diversify its operations, Marathon Digital has signed an $80 million agreement with Kenya to boost renewable energy infrastructure for Bitcoin mining.

  30 May 2024
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  Argentina Considers Collaboration with El Salvador to Advance Bitcoin Adoption

  The National Securities Commission of Argentina is considering working with El Salvador on Bitcoin regulation. This potential partnership aims to boost Argentina’s crypto adoption amid ongoing economic challenges.

  29 May 2024
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  EU Explores Blockchain and AI Integration for Enhanced Data Security and DeFi Growth

  The European Union is at the forefront of technology with its latest report on blockchain and AI. The findings underscore the benefits of decentralized networks in securing sensitive data and advancing DeFi applications.

  28 May 2024
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  Abu Dhabi Bans Crypto Mining on Farms, Imposes Penalties Up to AED 10,000

  The Abu Dhabi Agriculture and Food Safety Authority has prohibited crypto mining on farms, imposing substantial fines for non-compliance. Despite this, the UAE remains a key player in global Bitcoin mining.

  27 May 2024