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Disgraced FTX founder Sam Bankman-Fried (SBF) is reportedly seeking to hire expert witnesses to testify on his behalf. He plans to pay them a significantly high hourly rate for their services. Their job…
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With the new feature, Chinese businesses can receive CBDC payments even in locations with limited internet connection. DBS Bank, Singapore’s leading consumer bank known for its cryptocurrency-friendly stance, is taking a pioneering step…
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JP Morgan has gone live with its first blockchain transaction for its corporate clients in Europe using its own token. The JPM Coin transaction was conducted by Siemens AG, the large Germany-based conglomerate,…
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CFPB highlighted that the majority of payment apps don’t have FDIC safeguards. The United States Consumer Financial Protection Bureau (CFPB), an agency of the United States government responsible for consumer protection in the…
The Singapore-based cryptocurrency exchange, Crypto.com, announced on June 1 that it had been granted a major payment institution (MPI) license for digital payment token (DPT) services by the Monetary Authority of Singapore (MAS)….
The authorities of New York state proposed certain amendments to the law that could allow residents to settle bail bonds in stablecoins instead of fiat currency. The bill could become official six months…
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The New York Federal Reserve has published new rules for counterparties looking to use its money market balancer, casting uncertainty over intentions by stablecoin issuer Circle to use the Fed’s systems. In an…