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Latest Results from /crypto

/crypto

MAS chief rubbishes private crypto in speech

Private cryptocurrencies have failed the basic test of digital money and are likely to be in decline in the near future

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Christine Lagarde's son burned by crypto speculation

No fan of crypto investing, ECB president Christine Lagarde has revealed that her son ignored her warnings about the risks associated with trading in virtual currencies and consequently lost a significant chunk of his earnings in the market.

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South Korea preps 100,000 person-strong CBDC pilot

South Korea is preparing a central bank digital currency (CBDC) pilot that will involve 100,000 people, according to local press reports.

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Do Kwan to be extradited from Montenegro

Terraform Lab’s former CEO Do Kwan is to be extradited to either South Korea or the USA following approval from a Court in Podgorica, Montenegro.

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Binance pays $4.3bn and CEO pleads guilty to settle US AML charges

Binance has agreed to pay $4.3 billion to settle a long-running investigation by the US Department of Justice, with the crypto exchange's founder Changpeng "CZ" Zhao also stepping down as CEO and pleading guilty to violating anti-money laundering requirements.

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Ex-Revolut leaders build digital wallet

A group of former Revolut, Coinbase and Spotify staffers have unveiled Zeal, a digital wallet for managing crypto and interacting with web3 and decentralised finance apps.

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SEC sues crypto exchange Kraken

The US Securities and Exchange Commission has sued Kraken, accusing the crypto trading platform of operating as an unregistered securities exchange, broker, dealer, and clearing agency.

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Fake XRP ETF filing sends token's price up

A filing suggesting that BlackRock was preparing to launch a spot XRP exchange-traded fund briefly sent the token's price soaring this week before the asset manager confirmed that the paperwork was fake.

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Commerzbank granted crypto custody licence

Commerzbank has become the first full-service commercial bank in Germany to be awarded a crypto custody licence.

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MAS kickstarts new round of asset tokenization pilots

The Monetary Authority of Singapore is to commence a new series of asset tokenization pilots in collaboration with 17 international banks.

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Goldman Sachs and BNP Paribas lead £77.7 million investment in Fnality

Fnality, the international consortium of global banks focused on building a blockchain-based payment system to support the adoption of tokenised assets and marketplaces, has raised £77.7 million in a Series B funding round co-led by Goldman Sachs and BNP Paribas.

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Lloyds warns over surge in crypto scams

Revolut is the most common recipient of Faster Payments made by crypto investment scam victims at Lloyds Banking Group, which is reporting a surge in get-rich-quick adverts on social media.