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Stablecoin-to-fiat money transfer app Sling Money raises $15

/crypto

Stablecoin-to-fiat money transfer app Sling Money raises $15

Sling Money, which combines stablecoin technology with fiat payment rails for instant money transfers, has raised $15 million in Series A funding.

Keir Starmer and Prince William used in deepfake crypto scam

/crypto

Keir Starmer and Prince William used in deepfake crypto scam

Crooks are circulating AI-generated deepfake videos of Prince William and UK prime minister Keir Starmer on Facebook and Instagram to dupe viewers into scam cryptocurrency investments.

DBS tokenizes treasury management for Ant International

/crypto

DBS tokenizes treasury management for Ant International

Singapore's DBS is collaborating with Ant International on a blockchain-based tokenization project for 24/7 intra-group treasury and liquidity management.

Judge orders Ripple to pay $125m penalty

/crypto

Judge orders Ripple to pay $125m penalty

Ripple has been ordered by a US judge to pay the Securities and Exchange Commission $125 million in penalties for improperly selling its XRP token to institutional investors.

Kfw selects Boerse Stuttgart for issuance of blockchain-based digital bond

/crypto

Kfw selects Boerse Stuttgart for issuance of blockchain-based digital bond

German development bank KfW has selected Boerse Stuttgart Digital as infrastructure partner for its new blockchain-based digital bond.

CFTC orders FTX to pay customers $12.7 billion

/crypto

CFTC orders FTX to pay customers $12.7 billion

FTX has been ordered by the Commodity Futures Trading Commission (CFTC) to pay $12.7 billion to FTX customers and victims of its fraud, the largest recovery in CFTC history.

Next Generation and Decta collaborate on euro stablecoin project

/crypto

Next Generation and Decta collaborate on euro stablecoin project

French startup Next Generation has revived a euro-pegged stablecoin, EURT, that was suspended in 2017 due to a lack of regulatory frameworks.

Finextra is getting a new look!

/crypto

Finextra is getting a new look!

We’re excited to go live with Finextra’s new website next week.

ECB invites industry experts to advise on offline deployment of digital euro

/crypto

ECB invites industry experts to advise on offline deployment of digital euro

The European Central Bank is inviting experts from the mobile tech industry to advise on the development of an offline model for digital euro payments.

BofE and BIS develop tech to monitor stablecoin reserves

/crypto

BofE and BIS develop tech to monitor stablecoin reserves

The Bank of England and the BIS Innovation Hub have developed a system that gives supervisors near real time data about stablecoins' liabilities and their reserve assets.

Ghana pilots blockchain-based credentials and CBDC for global trade

/crypto

Ghana pilots blockchain-based credentials and CBDC for global trade

The Bank of Ghana (BoG) has completed a proof-of-concept into the use of digital credentials for international trade and CBDC-based cross-border payments.

FCA fines Coinbase unit £3.5m over high-risk customers

/crypto

FCA fines Coinbase unit £3.5m over high-risk customers

The Financial Conduct Authority has fined a Coinbase unit £3.5 million for enabling crypto trading services for high-risk customers.

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