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Crypto – Page 145 – DIGIT INFO

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Largest Japanese Banks to Use SWIFT-Linked Stablecoin System for Cross-Border Payments

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The largest Japanese banks—MUFG, SMBC, and Mizuho—plan to use a stablecoin-based system to facilitate cross-border payments in the future. The initiative, Project Pax, replaces correspondent banks with blockchain technology, linking it to SWIFT to allow users to initiate payments conventionally using regular banking rails. Japanese Banks Aim to Ditch Intermediaries for Blockchain-Based Stablecoin System Traditional … Read more

Binance Kazakhstan Receives Formal Consent for Regulatory License

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Binance Kazakhstan received formal consent from the Astana Financial Services Authority (AFSA) for a full regulatory license, marking a major step toward becoming Kazakhstan’s first fully regulated Digital Asset Trading Facility (DATF). The approval followed rigorous evaluations, including financial audits and ISO certifications. Once licensed, Binance will manage virtual assets, offer custody services, and conduct … Read more

First Seizure of Stablecoins Recorded in Argentina as Authorities Disrupt Money Laundering Operation

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In what local media are calling the first operation of its kind, the Argentine judicial system ordered the seizure of nearly $28,600 in stablecoins from a criminal organization that used cryptocurrency to launder millions of dollars. The criminals obtained these funds from two main activities: phone smuggling and operating illegal online casinos. Argentine Justice Orders … Read more

Vaneck Reveals Plans to Close Ethereum Futures ETF

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On Sept. 6, Vaneck announced its decision to close and liquidate the Vaneck Ethereum Strategy exchange-traded fund (EFUT). The liquidation comes after evaluating key factors, including performance and investor interest. The firm noted that shareholders will have until September 16, 2024, to sell their shares before delisting. Vaneck to Wind Down Ethereum Futures ETF According … Read more

Russia to Prioritize Supplying Energy for Social Development Over Bitcoin Mining

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Russia will prioritize using its energy for social development instead of Bitcoin mining, according to the Ministry of Energy. Energy Minister Sergei Tsivilev stressed that if there is a surplus in certain areas, this power can be supplied to legal and registered energy miners operating outside the “gray” zone. Russia Will Not Prioritize Supplying Energy … Read more

Libertarian Javier Milei: ‘Only Entrepreneurs Can Create Wealth’

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The libertarian President of Argentina, Javier Milei, has shared his perspective on how wealth should be created efficiently and who should be responsible for its creation. During a visit to Mercado Libre’s offices on Thursday, Milei stated that while a president can create conditions that make investing attractive and profitable, the only ones who can … Read more

Bitfarms Hits Back at Riot Platforms’ Alleged Misleading Claims

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Bitcoin mining firm Bitfarms has responded to Riot Platforms’ allegedly misleading statements about a special meeting and potential acquisition. Bitfarms claimed that Riot refused to engage constructively and is attempting to buy Bitfarms at a discount for its own shareholders’ benefit. The board will review Riot’s proposal but shareholders do not need to take any … Read more

1inch Team Executes Strategic Token Buyback, Accumulates 34.7M 1INCH

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The 1inch team has been strategically maneuvering within the crypto market, recently executing a significant buyback of its 1INCH token. According to recent data, the team spent 1.751 million USDC to repurchase 7.961 million 1INCH tokens at an average price of $0.22. This buyback is part of a broader strategy that began on July 5, … Read more

Penpie Faces Security Breach, Pendle Takes Swift Action To Protect $105M In Assets

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Penpie, a protocol built on top of Pendle, recently experienced a significant security breach that resulted in a loss of funds. In response, the Pendle team swiftly intervened to protect approximately $105 million from further potential losses. Alert: Penpie has encountered a security compromise. We have paused all deposits and withdrawals. Our team is working … Read more

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