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Kenya’s Treasury Cabinet Secretary John Mbadi has said the country is preparing legislation to legalize cryptocurrencies, a shift from the government’s previous warnings against the industry."The emergence and growth of Virtual Assets (VAs) and Virtual Asset Service Providers (VASPs) have given rise to innovations in the local and international financial
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Three Russian nationals tied to operating sanctioned crypto mixing services Blender.io and Sinbad.io have been charged with money laundering by a federal grand jury in Georgia, the U.S. Department of Justice said in a statement on Friday.Roman Vitalyevich Ostapenko and Alexander Evgenievich Oleynik had been arrested last month, and they
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The employment market in the U.S. picked up steam in December, with job growth topping economist forecasts by a mile and the unemployment rate unexpectedly dipping.The economy added 256,000 jobs last month, the Bureau of Labor Statistics reported on Friday, topping forecasts for 160,000 and up from 212,000 in November
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The crypto industry's most notorious rapper, Heather Morgan – more widely known as Razzlekhan – released a new music video as U.S. authorities stand ready to imprison her for criminally laundering portions of the crypto loot her husband was convicted of pilfering from Bitfinex. In the song, 'Razzlekhan vs. The
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Many traders were watching the bitcoin (BTC) price action during European hours on Friday, slightly confused and for good reason.If you look at the candlesticks chart for BTCUSD pair on Coinbase, you would see fourteen green hourly candles, which means in the last 14 hours bitcoin scored gains in each
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The EU's MiCA regulations, which came into effect on Dec. 30, will likely boost euro denominated stablecoins, JPMorgan (JPM) said in a research report on Wednesday."Under MiCA, only compliant stablecoins can be used as trading pairs in regulated markets, prompting EU exchanges to adjust their offerings," analysts led by Nikolaos
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On Friday, China's central bank took steps to support the yuan, which has been losing ground, with its depreciation being viewed as a potential tailwind for bitcoin (BTC).The People's Bank of China announced that it will stop purchasing government bonds this month as their demand now overshadows the supply.Experts said
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In today’s issue, Leo Mindyuk from MLTech provides a crypto outlook for 2025 and highlights key factors that could drive the adoption of these assets.Then, Miguel Kudry from L1 Advisors shares his insights on the topic in Ask and Expert.–Sarah MortonYou’re reading Crypto for Advisors, CoinDesk’s weekly newsletter that unpacks
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MANTRA, a layer-1 blockchain designed for tokenized real-world assets (RWA), entered an agreement with United Arab Emirates-based property conglomerate DAMAC Group to bring at least $1 billion of the firm's assets to blockchain rails, the companies announced Thursday in a press release.The deal will allow investors to finance DAMAC's portfolio
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The new year kicked off on a happy note with bitcoin (BTC) moving towards $100,000, putting behind the weak price of December. Amid the cheer, CoinDesk warned against being too optimistic, noting the undercurrents of sellers looking to reassert themselves.A week later, BTC has pulled back to $93,000 after failing
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