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Mercado Bitcoin set to join Brazil’s CBDC project
TL;DR Breakdown
Mercado Bitcoin has been chosen by Brazil’s central bank as another participant in its CBDC project.
The premier bank has also invited Caixa to...
Tanzania warns against foreign currency pricing
TL;DR Breakdown
The Bank of Tanzania has reaffirmed the ban on pricing commodities and services in foreign currencies.
The bank plans to check destabilization
The Bank of...
Gemini expands global presence with Ethereum staking in the United Kingdom
TL;DR Breakdown
Gemini has launched Ethereum staking in the UK through its Gemini Staking Pro, expanding its global presence.
Users can participate as Ethereum validators on...
SEC delays BlockFi’s $30 million penalty, focusing on investor reimbursement
TL;DR Breakdown
The SEC has agreed to delay enforcing a $30 million penalty against BlockFi to prioritize investor refunds.
BlockFi, a defunct cryptocurrency lender, should have...
Litecoin (LTC) Achieves Milestone in Payment Transactions as Halving Event Approaches
TL;DR Breakdown
Litecoin achieves an All-Time High (ATH) in payment transactions, showcasing its growing acceptance and adoption as a viable payment option.
The upcoming halving event...
Cryptopay EU Card Provider Faces License Revocation, Urges Users to Safeguard...
TL;DR Breakdown
Cryptopay, an EU debit card provider, has lost its Electronic Money Institution (EMI) license due to the revocation of UAB PayrNet's license by...
Robinhood Ventures into Credit Card Market with Acquisition of Fintech X1
TL;DR Breakdown
Robinhood, the popular crypto and stock trading app, is expanding its services by acquiring credit card startup X1 in a $95 million deal.
The...
Why is the crypto market up today? BTC at $30k
TL;DR Breakdown
The total crypto market cap sits at $1.18 trillion, a 4.07% increase in the last 24 hours, while Bitcoin dominance sits at 49.54...
Gemini’s co-founder reveals a significant phase called ‘The Great Accumulation’ for...
TL;DR Breakdown
Cameron Winklevoss, the co-founder of Gemini, suggested that "The Great Accumulation" of Bitcoin has commenced between institutional investors and retail investors.
According to industry...
Ripple receives in-principle regulatory approval in Singapore
TL;DR Breakdown
Ripple, has received provisional regulatory approval from Singapore's financial regulator, the Monetary Authority of Singapore (MAS), to offer digital asset payments and token...
