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Itaú Unibanco, Brazil’s largest bank by assets, is exploring whether to issue its own stablecoin as regulatory discussions evolve and U.S. financial institutions slowly move into the sector.The decision could hinge on how American institutions fare with their stablecoin rollouts, said Guto Antunes, head of digital assets at Itaú. At
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"Tornado [Cash] is dead, but privacy won't die," an ether enthusiast said on X after Oxbow's Ethereum privacy tools went live on April 1 to facilitate on-chain privacy while dissociating from illicit funds.The sentiment is echoed by the early uptake for the privacy pools, which have processed 238 user deposit
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Bitcoin blockchain's hashrate is surging, revealing a growing dislocation between the network activity and prices for its native token bitcoin (BTC). On a 14-day moving average, the hashrate, representing the computational power required to mine a block on the proof-of-work Bitcoin blockchain, recently reached an all-time high of 838 exahashes
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HONG KONG—It was a battle of stablecoin issuers Thursday afternoon in Hong Kong, with Justin Sun, the founder of the Tron blockchain, and First Digital Trust (FDT), a Hong Kong-based fiduciary, holding press conferences over allegations of fund misappropriation involving Techteryx's TrueUSD reserves.Sun doubled down on claims that TrueUSD's reserves
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U.S. recession fears are in the air following President Donald Trump's tariff plan, with prediction platforms Polymarket and Kalshi indicating heightened concerns the economy will take a hit.On Polymarket, a decentralized prediction platform, the chance of the country slipping into recession this year topped 50% for the first time since
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Over $100 million in Ripple USD (RLUSD) has been issued since April 1, among the highest levels in recent months, as demand for the relatively new stablecoin heats up.A $50 million tranche of RLUSD was issued earlier this week on Tuesday, with another $50 million late Wednesday. That came as
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Tariffs-led risk-off has payments-focused cryptocurrency XRP trading close to the support zone near $2, a crucial level for confirming a significant topping pattern and renewed downtrend.We are referring to the head-and-shoulders pattern, comprising three peaks, with the middle being the highest. A horizontal line drawn from the base of the
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It's a risk-off day in Asia as traders look to Beijing's response to U.S. President Donald Trump's sweeping reciprocal tariffs on China and other Asian nations.On Wednesday, Trump announced reciprocal tariffs on imports from 180 nations, including higher taxes on trading partners identified as worst offenders, such as China and
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U.S. stablecoin legislation took another major step on Wednesday as a House of Representatives committee joined Senate counterparts in advancing a bill to be considered by the overall House, bringing stablecoin regulations closer to reality.Eventual approvals in both the overall House and Senate would let lawmakers start melding the two
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In a Rose Garden ceremony on Wednesday, U.S. President Donald Trump said he intends to immediately sign an order for "reciprocal tariffs" to be levied against U.S. trading partners."Our country and its taxpayers have been ripped off for more than 50 years but it’s not going to happen anymore," said
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