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North Carolina Passes Bill to Block State Participation in Federal CBDC Testing

The General Assembly of the U.S. state of North Carolina has approved a bill that prevents the state from participating in the Federal Reserve’s testing of a central bank digital…

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Yield App Suspends Operations Ahead of Liquidation

Yield App, a platform for earning interest, buying, and swapping cryptocurrencies, announced on social media platform X Friday the suspension of all activities in preparation for liquidation proceedings. The Seychelles-based…

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Solana Introduces Blinks, Brings Blockchain to the Web2 Space

Solana recently introduced new functionality to its network, bringing Blinks (blockchain links) to the Web2 space. Now, users and developers can take wallet actions, like making a transaction, a donation,…

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Fake Crypto Fund Operator Pleads Guilty to Defrauding Investors

Michael Joseph McElhiney, age 37 and formerly of Spokane, Washington, has pleaded guilty to wire fraud, the U.S. Department of Justice (DOJ) announced on Wednesday. Between March 4, 2021, and…

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Asian Currencies Hit 19-Month Low: Devere CEO Predicts Continued Weakness

Asian currencies have reached their lowest levels in over 19 months as the U.S. dollar strengthens, driven by expectations of prolonged elevated U.S. interest rates. The Bloomberg Asia Dollar Index…

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SEC Revokes Lufkin Advisors’ Registration Amid Fraudulent Crypto Activities

The U.S. Securities and Exchange Commission (SEC) instituted administrative proceedings against Lufkin Advisors LLC on Wednesday. This follows an offer of settlement from Lufkin Advisors, which the SEC has accepted.…

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Federal Reserve Stress Test Projects $685 Billion in Losses for Large Banks

The Federal Reserve Board’s annual stress test results reveal that large banks are expected to face nearly $685 billion in projected losses during a severe recession scenario. These losses are…

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