Finance

Binance, the titan in cryptocurrency exchanges, has taken a decisive step by forming a strategic alliance with Circle, the issuer behind the prominent USD Coin (USDC). Announced on December 11, this partnership focuses on integrating USDC across Binance’s broad range of services, aiming to enhance both accessibility and adoption. This collaboration signals a transformative moment
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In a pivotal move for the digital asset landscape, Coinbase has launched Project Diamond, aiming to facilitate institutional adoption outside of the United States. This initiative, overseen by Coinbase Asset Management, is designed to cater to the evolving needs of institutional investors, particularly in regions where such services may currently lack robust infrastructure. By leveraging
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In October 2024, Radiant Capital experienced a severe security breach, resulting in a staggering $50 million loss linked to a hacking group associated with North Korea. The breach, uncovered on October 16, showcased not only technical vulnerabilities but also demonstrated how social engineering tactics can bypass even rigorous security protocols. This incident serves as a
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In a groundbreaking development for the digital finance sphere, Tether’s USDT stablecoin has received official recognition as an Accepted Virtual Asset (AVA) by the Abu Dhabi Global Market (ADGM). This significant decision, finalized by the Financial Services Regulatory Authority (FSRA) on December 10, presents a progressive regulatory environment for U.S.-based Tether, allowing licensed entities in
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The world of cryptocurrency has experienced transformative shifts over the past few years, with Bitcoin solidifying its position at the forefront of financial debates among governments and institutions alike. Recent assertions made by noted entrepreneur Anthony Scaramucci at the Bitcoin MENA 2024 conference highlight the emerging consensus around Bitcoin as a significant reserve asset. This
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In a significant move reflecting the ongoing convergence of traditional finance and cryptocurrency, Singapore-based Crypto.com has announced a collaboration with Deutsche Bank. This partnership, unveiled on December 10, 2023, aims to bolster Crypto.com’s corporate banking operations across strategic markets, including Singapore, Australia, and Hong Kong. The alliance aligns with Crypto.com’s goal to enhance operational efficiency
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The upcoming decision by the U.S. Senate Banking Committee regarding the renomination of Caroline Crenshaw as a commissioner of the Securities and Exchange Commission (SEC) elicits significant attention across the financial and crypto communities. With her clear stance against cryptocurrencies, particularly demonstrated through her opposition to spot Bitcoin exchange-traded funds (ETFs), Crenshaw’s future role at
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