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SEC Publishes Enforcement Results for Crypto Assets in FY 2023

Introduction The U.S. Securities and Exchange Commission (SEC) has recently released its enforcement results for fiscal year 2023, specifically focusing on actions related to crypto assets. According to the SEC, this year has been highly productive and impactful in terms of its enforcement efforts in the crypto asset securities space. SEC Chairman Gary Gensler emphasized […]

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Coinbase: Spot Bitcoin ETFs Could Add Billions to Crypto Market Cap

The Potential Impact of Spot Bitcoin ETFs Cryptocurrency exchange Coinbase has expressed its belief that spot bitcoin exchange-traded funds (ETFs) have the potential to significantly increase the total crypto market cap. Furthermore, Coinbase is optimistic about the chances of the U.S. Securities and Exchange Commission (SEC) approving one or more spot bitcoin ETFs before the

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Nigerian Central Bank Dismisses Rumors About Demonetized Naira Banknotes

The Nigerian central bank has addressed rumors circulating that the previously demonetized naira banknotes are no longer considered legal tender. The bank has clarified that all banknotes it has ever issued remain legal tender and should not be rejected. Rumors Dispelled by the Central Bank of Nigeria (CBN) The Central Bank of Nigeria (CBN) has

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UBS Offers Wealthy Clients Access to Crypto ETFs in Hong Kong

UBS Group AG Introduces Crypto ETFs to Wealthy Clients in Hong Kong UBS Group AG, the Swiss financial services giant, has reportedly started offering wealthy clients in Hong Kong access to three crypto exchange-traded funds (ETFs). According to Bloomberg, the move comes after the Securities and Futures Commission (SFC) granted regulatory approval for these ETFs.

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Bitdeer Expands into AI Computing and Cloud Services, Joins Nvidia Partner Network

Bitdeer's Strategic Move into AI Computing Bitcoin mining enterprises are increasingly diversifying their operations, with many now turning their focus to artificial intelligence (AI) computing and cloud services. Bitdeer, a publicly traded blockchain and high-performance computing company based in Singapore, recently announced its expansion into the AI sector. As part of this strategic move, Bitdeer

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Dr. Doom Embraces What He Once Scorned: Nouriel Roubini’s Firm Rolls Out Crypto Amidst Criticism

Nouriel Roubini's Firm Reveals Climate-Focused Crypto Token Renowned economist Nouriel Roubini, famously known as "Dr. Doom" due to his strong skepticism towards cryptocurrency, is facing criticism as his company, Atlas Capital, announces its entry into the crypto market. This move marks a significant shift in Roubini's previous stance, where he labeled crypto enthusiasts as "corrupt,

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Stablecoin Market Sees Growth in October Despite Mixed Supply Dynamics

Fiat-Pegged Token Market Grows Modestly The stablecoin economy experienced growth in October after several consecutive monthly declines. A total of $608 million was added to the fiat-pegged token market, bringing its valuation to approximately $123.66 billion. However, despite the overall increase, six stablecoins out of the top ten saw reductions in their supply during the

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The Crypto Market Soars with $1.31 Trillion Value and Double-Digit Gains for 24 Cryptocurrencies

Explosive Growth in the Crypto Economy On November 2, 2023, the crypto economy is thriving, boasting a value of $1.31 trillion following a 2.88% increase in the past 24 hours. Bitcoin has notably surpassed the $35,000 mark, showing a 2.8% increase, while a wide array of two dozen digital assets have experienced double-digit growth this

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