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Australian-exchanges-dispel-debanking-fears-amid-binance-saga,-but-risks-loom

Australian exchanges dispel debanking fears amid Binance saga, but risks loom

Australian-based cryptocurrency exchanges have lined up to quash contagion fears after the payments provider for Binance Australia was told to offboard the exchange, though some have warned risks still loom.On May 18, Binance Australia told users that Australian dollar services were suspended after its payments partner Zepto was told by its partner firm Cuscal to…
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Stablecoin-issuers-have-spent-over-$1.3m-lobbying-congress-since-2022

Stablecoin issuers have spent over $1.3M lobbying Congress since 2022

Stablecoin issuers including Tether, Circle, and others have spent well over a million dollars lobbying lawmakers on Capitol Hill since the start of 2022, according to recent data.Stablecoins have become the center of attention in Washington DC recently as pressure mounts to roll out a regulatory framework for dollar-pegged digital assets. Tether uses the law…
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Blockchain-arms-race-risks-being-won-by-‘adversarial-nations’-—-us-crypto-lobby-group

Blockchain arms race risks being won by ‘adversarial nations’ — US crypto lobby group

The Chamber of Digital Commerce has urged Congress to set up a Digital Asset and Blockchain Technology Solarium Commission to develop crypto regulation. 66 Total views 1 Total shares A blockchain lobbying group backed by the likes of Goldman Sachs, Citi Group, Circle, and Fidelity has urged the United States Congress to pass a legal…
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First-mover-asia:-traders-long-on-bitcoin-despite-debt-ceiling-challenges,-dark-us.-regulatory-clouds

First Mover Asia: Traders Long on Bitcoin Despite Debt Ceiling Challenges, Dark U.S. Regulatory Clouds

Good morning. Here’s what’s happening:Prices: Despite market uncertainties affecting bitcoin and ether prices, traders in Asia remain optimistic due to clearer regional cryptocurrency regulations.Insights: GrumpyCat, a meme coin, is set to face legal confrontations due to its unauthorized use of trademarks. Being a meme coin doesn't absolve it from the duties and liabilities inherent in…
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Coin-cafe-to-repay-$4.3m-in-fees-that-‘wiped-out’-investors’-bitcoin-accounts

Coin Cafe to repay $4.3M in fees that ‘wiped out’ investors’ Bitcoin accounts

The platform was charging investors ‘exorbitant and undisclosed fees’ with one user being charged recurring fees of $51,000 over a span of 13 months, according to the statement. Cryptocurrency trading platform Coin Cafe has been ordered to repay $4.3 million to its users after allegedly charging “exorbitant and undisclosed fees" for storing Bitcoin on the…
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Ftx-pursues-$244m-clawback-from-‘wildly-inflated’-embed-acquisition-deal

FTX pursues $244M clawback from ‘wildly inflated’ Embed acquisition deal

FTX lawyers want to claw back $243.7 million from Embed insiders and executives, claiming its former leadership paid a "wildly inflated" price for the company. 291 Total views 4 Total shares FTX’s leadership is looking to claw back more than $240 million from insiders and executives that benefited from FTX's "wildly inflated" acquisition of stock-clearing…
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Ny-fed,-singapore-regulator-verify-cbdc-interoperability,-payment-speeds-in-latest-test

NY Fed, Singapore Regulator Verify CBDC Interoperability, Payment Speeds in Latest Test

Central bank digital currency (CBDC) systems operating on different types of networks can be used for cross-border and cross-currency payments, a new report published by researchers with the New York Federal Reserve and Monetary Authority of Singapore (MAS) said on Thursday.The report, part of the NY Fed's New York Innovation Center and MAS's ongoing joint…
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Binance-australia-partner-hints-at-rising-‘scams’-after-debanking-exchange

Binance Australia partner hints at rising ‘scams’ after debanking exchange

Cuscal, the company that handles the Australian dollar on- and off-ramping for the exchange, declined to comment specifically on why it decided to pull support for Binance Australia. 243 Total views 2 Total shares The third-party payments provider for Binance Australia, Cuscal, hinted about the impact of “scams and fraud” related to “account fraud, ID…
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Ripple,-visa-join-hk-cbdc-pilot,-huobi-accusations,-gamefi-token-up-300%:-asia-express

Ripple, Visa join HK CBDC pilot, Huobi accusations, GameFi token up 300%: Asia Express

Hong Kong partners with 16 companies to build CBDCs On May 18, the Hong Kong Monetary Authority (HKMA) announced the launch of the cyber Hong Kong dollar pilot project. According to officials, 16 selected companies from the financial payment and technology sectors will conduct the first round of trials this year on the feasibility of…
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