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JPMorgan’s Onyx Coin Systems has scored another win in the Middle East with the completion of a blockchain-based cross-border payments pilot project with First Abu Dhabi Bank (FAB). The pilot phase was “executed seamlessly with satisfactory response times,” according to a statement. The FAB pilot wound up weeks after a similar
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The Malaysia-based Hata has received in-principle approval from Securities Commission Malaysia (SC) to register as a Recognized Market Operator (RMO) as a digital asset exchange and digital broker. The approval means Hata could launch its services in six to nine months.Hata will become the fifth regulated digital asset exchange in
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Former Alameda Research CEO Caroline Ellison claimed in court that Sam “SBF” Bankman-Fried attempted to raise equity for FTX by considering an investment from Saudi Crown Prince Mohammed bin Salman, or MBS.Addressing the court at SBF’s criminal trial Oct. 11, Ellison reportedly said she had discussed ways of hedging Alameda
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Just 47% of retail crypto investors in Hong Kong are aware of the Virtual Asset Trading Platform Regulatory Regime, a piece of legislation that went into effect this June to protect the interests of retail investors in digital assets in the region.That’s according to an Oct. 11 report by the
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Bitcoin (BTC) hit new October lows after the Oct. 11 Wall Street open, as one analyst hailed the “final stage” of the cryptocurrency bear market.BTC/USD 12-hour chart. Source: TradingViewBitcoin traders stress importance of $26,800Data from Cointelegraph Markets Pro and TradingView showed further BTC price weakness emerging, costing bulls $27,000 support.At
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Testifying on the sixth day of Sam “SBF” Bankman-Fried’s criminal trial in New York, former Alameda Research CEO Caroline Ellison admitted to providing fudged numbers for review by Genesis.According to reports from the courtroom on Oct. 11, Ellison claimed Bankman-Fried directed her to create “alternative” balance sheets on Alameda’s use
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They then make on-chain deposits to a Bitcoin address, activating the contract and they start to exchange off-chain data, with the verifier able to take the prover's deposit if any incorrect claim is made. This should mean that attackers always lose their deposits, Linus wrote. Source
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As the digital landscape evolves, decentralized governance has become an important notion to foster a fair and inclusive ecosystem. In the trend toward transparency and collaborative decision-making, analyzing companies’ roles and responsibilities in this new paradigm is critical as we navigate the exciting realm of decentralized governance in search of
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Circle, the issuer of the U.S. dollar-pegged stablecoin, USDC (USDC), is increasing its presence in the Philippines with a new local partnership.On Oct. 10, Circle announced a strategic partnership with Coins.ph, a major cryptocurrency exchange and digital wallet provider in the Philippines.As part of the partnership, Coins.ph and Circle will
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Bitfinex’s parent company, iFinex, has proposed buying back $150 million worth of the company’s shares from users who were offered them as compensation for the $71 million hack on the Bitfinex crypto exchange in 2016, according to Bloomberg.IFinex revealed its plans to buy back the shares in a shareholder letter dated
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