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Recently, the Hong Kong police arrested three individuals suspected of defrauding a businessman out of HK$3.11 million in crypto assets. The trio allegedly offered him three bundles of counterfeit HK$1,000 banknotes in exchange for the digital currency. During a raid on the Mong Kok office where the fraudulent transaction took place, officers confiscated 10,978 fake
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State Street Corp., a well-established financial institution based in Boston, is delving into the realm of digital assets by considering the launch of its own stablecoin and exploring tokenized deposits. This move is aimed at enhancing payment settlement processes through the utilization of blockchain technology. Recent reports indicate that State Street has been actively immersing
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DeFi Technologies, a Canadian fintech company, has been making waves in the crypto industry with its recent acquisitions and strategic moves. The company has been actively adding Bitcoin to its balance sheet, along with expanding into altcoins like Solana and CORE tokens. This article will delve deeper into DeFi Technologies’ recent acquisitions and explore the
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The Basel Committee on Banking Supervision has recently introduced a new disclosure framework for banks’ crypto exposures, with targeted amendments to its cryptoasset standards. These changes are set to be implemented by January 1, 2026, with the aim of tightening criteria for certain stablecoins to receive preferential regulatory treatment. This initiative, developed over the course
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The gaming industry is currently undergoing a significant transformation. With the rise of mobile applications and online platforms, players now have a plethora of choices beyond classic console games. The popularity of social messaging apps like Telegram has further opened up opportunities for innovative gaming experiences. Anomaly, based in San Francisco, California, is one of
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The price of Bitcoin surged to over $65,000, hitting a two-week peak after recovering from the July 5 crash. The cryptocurrency ended the volatile business week on a positive note, standing around $58,000. The weekend was expected to be less volatile until news of an attempted assassination against pro-crypto US presidential candidate, Donald Trump, caused
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Decentralized Autonomous Organizations (DAOs) have garnered significant attention as innovative blockchain-based communities designed to achieve common goals. However, the UK Law Commission’s scoping paper raises critical questions about the legal characterization of DAOs within the country. The Commission’s central thesis revolves around the lack of consensus on what exactly constitutes a DAO and how it
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Soccerverse, the groundbreaking blockchain-based football management game, has recently received a significant funding boost of £2.5 million ($3.1 million) from renowned game publisher Square Enix. This investment, led by Square Enix and supported by existing investor Hiro Capital, brings Soccerverse’s total funding to $4 million. It is a major milestone for the game, which aims
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