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Venezuela has joined a growing list of countries restricting cryptocurrency mining due to its substantial electricity demands. The Ministry of Electric Power announced plans to disconnect mining farms from the national grid…
The Securities and Exchange Board of India (SEBI) has proposed a multi-regulator framework for cryptocurrency regulation to a government panel. Meanwhile, the Reserve Bank of India (RBI) has raised concerns about the…
Amid ongoing efforts to reduce reliance on the US dollar, officials have confirmed the development of a BRICS currency. According to a TASS report, Kazem Jalali, Iran’s ambassador to Russia, revealed that…
The Bank of Ghana (BOG) and the Monetary Authority of Singapore (MAS) have successfully completed a proof-of-concept for the Digital Economy Semi-Fungible Token (DESFT) Project. This initiative aims to foster trade between…
Point72, the $34 billion hedge fund owned by billionaire Steven Cohen, who also owns the New York Mets, held $77.5 million in the Fidelity Wise Origin Bitcoin Fund (FBTC) at the end…
Cryptocurrency personality Thomas John Sfraga has pleaded guilty to wire fraud charges after allegedly deceiving over a dozen victims with fraudulent investment schemes, including fake cryptocurrency ventures. The U.S. Department of Justice…
Genesis Global, a cryptocurrency lender, secured court approval on Friday to return approximately $3 billion in cash and cryptocurrency to its customers as part of a bankruptcy liquidation. Consequently, its owner, Digital…
Reddit (RDDT) experienced an 11% increase in after-hours trading following the announcement of a new data-sharing agreement with OpenAI. The partnership, revealed on May 16, aims to integrate ChatGPT’s content with Reddit,…
In India, commercial banks are processing one million digital rupee transactions daily. This surge in digital currency usage reflects a broader global trend towards central bank digital currencies (CBDCs). In an interview…
In a significant move reflecting the growing mainstream adoption of cryptocurrencies, financial giant Morgan Stanley has revealed a substantial $269.9 million investment in Bitcoin through Grayscale’s GBTC trust. This investment, disclosed in…
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