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Bank of Korea to Launch CBDC Payment Trial in Supermarkets

South Korea’s central bank, the Bank of Korea, will soon allow participants to use digital tokens for payments at supermarkets and convenience stores in a central bank digital currency (CBDC)…

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Stepn Rewards Move-to-Earn Users With $30 Million in FSL Points Airdrop

On Wednesday, the Web3 fitness and move-to-earn platform Stepn unveiled a $30 million airdrop campaign, offering participants the chance to earn FSL points that can be exchanged for GMT tokens.…

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Tether’s Market Cap Inches Towards All-Time High as Competitors Struggle With Redemptions 

Despite several U.S. dollar-pegged digital tokens experiencing notable redemptions in recent months, the largest stablecoin by market valuation, tether, is on the verge of achieving its highest-ever market capitalization. With…

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Redemption and Reshuffling: BUSD’s Exit From Top 10 Cryptocurrencies Shakes Market Valuations

It has been 21 days since Paxos revealed that it would no longer mint the stablecoin BUSD. Since then, over 7 billion BUSD stablecoins have been redeemed. Prior to the…

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Ebb and Flow of Stablecoin Economy Continues With BUSD’s Market Cap Dropping Below $10 Billion Range

The realm of stablecoins is an ever-evolving landscape and the number of coins in circulation for the stablecoin BUSD has fallen below the 10 billion mark to approximately 9.68 billion…

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Moscow Exchange Prepares to List Digital Financial Assets by Year End

Russia’s largest market for equities, bonds, and derivatives, the Moscow Exchange, intends to launch a product based on digital financial assets by the end of the year, an executive has…

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Binance to Sell NFT Tickets for Major Italian Soccer Club Lazio

Crypto exchange Binance will be offering NFT tickets for the games of one of Italy’s leading soccer teams, Lazio, during the upcoming season in the Italian Serie A championship. Supporters…

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Latvian Artist Threatened With Prison for Money Laundering Through NFTs

An artist from Latvia is under investigation for allegedly selling NFTs, or non-fungible tokens, to launder money, for which he may get up to 12 years in prison. The authorities…

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Digital Token Issued In Russia to Facilitate Investments in Palladium

Transactions with digital assets backed by precious metals are beginning in Russia with the launch of a token for palladium. The rare metal, which is used in jewelry and has…

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Thailand Exempts Crypto Transfers From VAT Until End of 2023

Authorities in Thailand have formally introduced a value-added tax (VAT) exemption for transfers of cryptocurrencies through government-approved exchanges. The tax break, in force until the end of next year, will…

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