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Chinese Billionaire Convicted of Racketeering and Wire Fraud in US

Exiled Chinese billionaire Guo Wengui, also known as Miles Guo, has been convicted by a U.S. jury on charges including racketeering conspiracy and wire fraud. Guo defrauded followers of over…

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Philippine Central Bank Warns of AI-Driven Crypto Scams — Governor Denies Endorsing Cryptocurrency Projects

The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, has cautioned the public against scams involving AI-manipulated videos and audios, which are used to spread false information,…

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Barstool’s Dave Portnoy Accepts Bitcoin From Kraken in Sponsorship Deal

Barstool Sports founder Dave Portnoy has expressed his hesitation to buy bitcoin at its current price but is open to accepting the cryptocurrency as payment. He disclosed that he accepted…

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Blockfi to Begin Interim Crypto Distributions via Coinbase This Month

Crypto lender Blockfi announced that it will begin interim crypto distributions via Coinbase this month. U.S. clients will receive notifications, while non-U.S. clients face regulatory restrictions. Blockfi, which filed for…

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Basel Committee Gives Permissioned Stablecoins ‘Preferential Treatment’ in Amended Crypto Asset Standard Amidst Heavy Criticism

The Basel Committee, responsible for setting standards for bank regulation, has revised its crypto asset standard, introducing new considerations that impact stablecoins. The updated standard favors permissioned stablecoins, such as…

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Wazirx Takes Legal Action After $230 Million Cyberattack — Liminal Insists Platform Secure

Indian crypto exchange Wazirx has filed a police complaint and is pursuing legal action after a cyberattack led to a loss of over $230 million. The exchange is collaborating with…

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Winklevoss Twins Donate $1 Million to Elizabeth Warren Rival John Deaton

The Winklevoss twins, Tyler and Cameron, founders of Gemini and Winklevoss Capital, have donated $1 million to support the campaign of pro-crypto candidate John Deaton in the state of Massachusetts.…

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Putin Calls to ‘Seize the Moment’ to Kickstart Digital Ruble and Crypto Adoption In Russia

President Vladimir Putin declared it was time for Russia to create the environment needed to increase the adoption of digital assets and the Russian CBDC, the digital ruble, as part…

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Kraken Expands Crypto Custody Services to Institutions in UK and Australia

Crypto exchange Kraken has expanded its custody services to institutional clients in the UK and Australia, marking the first international expansion following its successful U.S. launch in March. Kraken Institutional,…

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Standard Chartered, Animoca Brands, and HKT Join Forces on Hong Kong’s Stablecoin Sandbox

Standard Chartered Bank (Hong Kong) Ltd. (SCBHK), Animoca Brands, and Hong Kong Telecom (HKT) have united to participate in the Hong Kong Monetary Authority’s (HKMA) stablecoin issuer sandbox, announced in…

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