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Circle launches USDC stablecoin on Polkadot Asset Hub

• by admin
• September 20, 2023

Polkadot USDC users should not deposit XCM-transferred USDC from non-Polkadot Asset Hub parachains, Circle has warned. USD Coin USDC $1.00 , the second-largest stablecoin by market capitalization after Tether (USDT), continues expanding across different blockchain networks, now being launched on Polkadot. USDC issuer Circle has officially launched USD Coin on the Polkadot network, the firm […]

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Indian state governments spur blockchain adoption in public administration

• by admin
• September 20, 2023

Numerous initiatives by local and state governments in India — from data management systems to verifiable certificate issuances — currently use blockchain technology. Interview Ever since Bitcoin BTC $27,193 popularized blockchain technology worldwide, the tech has found its way into myriad processes, from finance to public administration. What started as a flex statement for early […]

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What bear market? These crypto websites see traffic rising in 2023

• by admin
• September 19, 2023

Crypto exchanges HTX (formerly Huobi) and OKX have seen their traffic surging 200% and 185% YTD, respectively. News Cryptocurrencies like Bitcoin BTC $27,196 have been widely described as going through a bear market in 2023, but this may not exactly be the case, according to indicators such as the website traffic of certain crypto platforms. […]

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NYDFS calls for public feedback on proposed crypto regulatory guidance

• by admin
• September 19, 2023

The proposals included stricter standards on risk assessments for crypto firms as well as a framework for designating token projects to the NYDFS’ greenlist News The New York State Department of Financial Services (NYDFS) has called on the public to provide feedback on a proposal aiming to strengthen regulatory requirements for crypto firms operating in […]

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Bitbuy enters strategic partnership with Canadian crypto ATM firm Localcoin

• by admin
• September 19, 2023

Localcoin ATM will also be expanding its range of cryptocurrency offerings and launching a wallet app. News Canadian fintech corporation WonderFi, a firm backed by billionaire Kevin O’Leary, recently announced a strategic partnership between Bitbuy and cryptocurrency ATM provider Localcoin ATM. The partnership, announced on Sept. 18, will shore up Localcoin’s crypto ATM offerings throughout […]

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Citi Token Services will provide payments, liquidity to institutional customers

• by admin
• September 19, 2023

The new blockchain-based service will use tokenized deposits for trading and liquidity services after two pilots. News Citigroup has introduced Citi Token Services, a private, permissioned blockchain that offers cross-border payments, liquidity and automated trade finance solutions to institutional clients. The new services “will integrate tokenized deposits and smart contracts into Citi’s global network,” according […]

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Here’s what happened in crypto today

• by admin
• September 19, 2023

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Recap The United States Securities and Exchange Commission (SEC) wasn’t able to convince the judge to grant them expedited access to Binance.US software as part of a […]

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Hong Kong politician responds to Vitalik’s comments about crypto-friendliness

• by admin
• September 18, 2023

Johnny Ng of Hong Kong’s Legislative Council said he “sincerely invites” Vitalik Buterin to Hong Kong to better understand the situation regarding its crypto-friendliness. News Johnny Ng, a member of the Legislative Council of Hong Kong, took to social media on Sept. 15 in response to comments made by Ethereum co-founder Vitalik Buterin about Hong […]

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How low can the Bitcoin price go?

• by admin
• September 18, 2023

BTC price can see lower prices in the coming months, based on three bearish technical setups currently in play. Markets News Bitcoin BTC $27,196 price continues to tread at depressed levels in what has become one of the crypto market’s quietest periods in history. Meanwhile, several technical and fractal setups suggest that the BTC/USD pair could […]

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Liquidation cascade puts crypto market into shock: Report

• by admin
• September 18, 2023

Venture capital inflows decreased 42.7% as derivatives saw one of the largest liquidation events in crypto. Research August was the worst month for the crypto markets since Bitcoin BTC $26,856 bottomed out in November 2022. What was initially perceived by many as merely a summer slump turned into a pronounced market downturn as liquidations cascaded […]