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🪙 Crypto News (June 6, 2024): 1️⃣ Paxos: #Paxos has launched a new stablecoin called Lift Dollar (USDL), which offers holders a "risk-free" yield of approximately 5%. Paxos International, the issuer of this stablecoin, is regulated in the UAE by the Financial Services Regulatory Authority (FSRA) within the Abu Dhabi Global Market (ADGM). The token is not intended for residents of the USA, UAE (except ADGM), UK, EU, Canada, Hong Kong, Japan, and Singapore. 💵 2️⃣ Newsroom: #Robinhood is acquiring the cryptocurrency exchange Bitstamp for $200 million. This move marks Robinhood's continued global expansion beyond the USA. Through this acquisition, Robinhood will gain access to Bitstamp's extensive base of retail and institutional clients in the European Union (EU), UK, and Asia. 🌍 3️⃣ Lugh: The European company Lugh has announced that it will stop issuing its stablecoin #EURL ahead of the new MiCA regulations coming into effect. The issuer has promised to redeem existing coins by August 30, 2024. 🔄 4️⃣ The Block: MoonPay, an infrastructure provider, has announced it will reduce its workforce by 10%. CEO Ivan Soto-Wright attributed the layoffs to high operational costs. 📉 5️⃣ Binance: The decentralized platform io.net has been introduced as a new participant on the Binance Launchpool. 🚀 👍 If you haven't subscribed yet, please do so! Don't forget to leave a comment with your thoughts.
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🪙 Crypto News (June 6, 2024): 1️⃣ The Block: Tether, the issuer of the stablecoin USDT, has invested $18.75 million in the cryptocurrency exchange XREX, which is headquartered in Taiwan. 🌐 2️⃣ Cartesius: In Moscow, law enforcement agencies have detained more than ten clients of the #Bybit cryptocurrency exchange who were conducting P2P transactions on the platform and accidentally became counterparts to money thieves from a monastery. 🕵️♂️ 3️⃣ Undeads Games: The company Undeads Games has opened registration for testing the beta version of its flagship game Undeads. To celebrate this event, the project team will give away 10,000 USDT among 100 random players. 🎮 4️⃣ Coinbase: The cryptocurrency exchange #Coinbase has introduced a new service called Smart Wallet. It allows users to create a non-custodial crypto wallet as easily and quickly as possible. According to the announcement, Smart Wallets will work on the following networks: Base, Ethereum, Optimism, Arbitrum, Polygon, Avalanche, BNB, and Zora. The exchange also promised to expand this list in the future. 💼 5️⃣ Kraken: The company #Kraken has announced the listing of political memecoins Donald Tremp (TREMP) and Jeo Boden (BODEN) on its Kraken Pro platform. Thus, it became the first cryptocurrency exchange in the United States to list PoliFi tokens. 🗳️ 👍 If you haven't subscribed yet, please do so, give us a like, or share your thoughts in the comments below!
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🪙 Crypto News (June 6, 2024): 1️⃣ Coinbase: The crypto exchange #Coinbase has announced an additional allocation of $25 million to the political action super-committee (Super PAC) Fairshake. These funds are intended to support pro-crypto politicians. 💰 2️⃣ Deutsche Bank: Deutsche Bank, Germany's largest bank, has begun a partnership with the Austrian cryptocurrency exchange Bitpanda. From now on, all fiat currency deposits and withdrawals on #Bitpanda will be processed through Deutsche Bank. 🤝 3️⃣ AEPD: On June 4, 2024, the Spanish Data Protection Agency (AEPD) announced that #Worldcoin must cease operations in Spain. Tools for Humanity, the company behind the project, is required to stop collecting and processing data from Spanish users. 📉 4️⃣ Everclear: The #blockchain interoperability project Connext is rebranding to Everclear. This change aligns with the launch of a settlement layer for intent-based bridges. 🌉 5️⃣ The Block: Ark Labs has started developing a second-layer network for digital gold based on the Ark protocol. This new Bitcoin scaling solution promises easier interaction compared to the Lightning Network and offers a non-custodial approach. ⚡ 👍 If you haven't subscribed yet, make sure to do so! Leave a like or share your thoughts in the comments below!
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🪙 Crypto News (June 4, 2024): 1️⃣ Core Scientific: #Bitcoin miner Core Scientific has entered into a 12-year partnership with CoreWave, a company specializing in artificial intelligence technologies. 🤝 2️⃣ The Block: Dapper Labs has settled a class-action lawsuit over allegations of selling unregistered securities in the form of NFTs. The company agreed to pay $4 million into a settlement fund for the plaintiffs. ⚖️ 3️⃣ FLOKI: Market maker DWF Labs is investing $12 million to purchase Floki Inu (FLOKI) tokens in support of the project's ecosystem. 🐕 4️⃣ Bangkok Post: On June 4, 2024, the Securities and Exchange Commission (SEC) of Thailand officially approved the launch of the first Bitcoin-based ETF. One Asset Management (ONEAM) has been authorized to trade this asset class. 📅 5️⃣ ASIC: The court has released Block Earner from paying a fine in a lawsuit filed by the Australian Securities and Investments Commission (ASIC). Additionally, the regulator was reprimanded for issuing a misleading press release. 🏛️ 👍 If you enjoyed this update, don't forget to subscribe or leave a like!
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🪙 Crypto News (June 4, 2024): 1️⃣ Lookonchain: An unknown trader earned over $1.72 million in just 4 days by investing in the meme coin PEW. His deposit increased 140-fold. 📈 2️⃣ CNBC: Former Binance CEO Changpeng Zhao (CZ) has been placed in federal custody in California. Zhao's legal team confirmed to the media that he is currently detained. He will serve his sentence at the federal correctional facility in Lompoc. 🚔 3️⃣ Binance: The cryptocurrency exchange #Binance has announced the delisting of Waves (WAVES), OmiseGO (OMG), NEM (XEM), and Wrapped NXM (WNXM) effective June 17 at 03:00 UTC. The delisting is due to their failure to meet high standards and industry requirements. 🛑 4️⃣ The New York Times: #MicroStrategy and its founder Michael Saylor have agreed to a $40 million settlement with the District of Columbia's prosecutor in a tax evasion case. Local authorities sued Saylor in August 2022, alleging he failed to pay over $25 million in taxes since 2005. 💼 5️⃣ Galaxy: #Galaxy Digital has announced the tokenization of an Antonio Stradivari violin made in 1708. The instrument, worth $9 million, belongs to Animoca Brands co-founder Yat Siu. 🎻 👍 If you enjoyed this update, don't forget to subscribe or leave a like!
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