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Metropolitan Commercial Bank is close to done with its exit from the cryptocurrency market with only $278.5 million in crypto-related deposits left, according to a filing with the Securities and Exchange Commission (SEC) from April 18. Source
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The central bank governor also said regulators can't rule out central bank digital currencies. Original Source
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Famous Hollywood actor Matt Damon has revealed the story of how he became involved in creating a cryptocurrency commercial called “Fortune Favors the Brave” with Crypto.com. After the release of the crypto ad, Damon faced global criticism for his involvement in it. Matt Damon Talks About His Crypto Commercial Famous actor and
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Crypto lending platform MakerDAO is voting on a new proposal to bring another commercial bank into its ecosystem, strengthening the connection between decentralized finance (DeFi) and traditional finance. As per MakerDAO’s governance forum, Cogent Bank — a Florida-based commercial bank — is proposing to participate with $100 million in loans to MakerDAO’s
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JPMorgan Chase and consultants Oliver Wyman took a look at blockchain technology in commercial banking in a report released Feb. 9. Stablecoins and central bank digital currencies (CBDCs) have dominated in the sphere so far, but the authors point out the advantages offered by deposit coins in terms of stability
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Recently, Crazy Mars Squirrel successively announced co-branding partnerships between its series NFTs and over 10 brands around the world, covering technology, medicine, real estate, agriculture, consumption, health services, etc. The released all-around multilevel cooperations immediately drew the attention of industry insiders and the media.Since its market launch, Crazy Mars Squirrel
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A judicial authority established by the United Arab Emirates (UAE) Federal Decree has adopted blockchain technology to save time and costs related to the enforcement of commercial judgments.ADGM Courts, an authority that supports the financial regulator Abu Dhabi Global Markets (ADGM), has implemented blockchain technology to help save significant time
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The company has been gradually replacing its commercial paper holdings with U.S. Treasury bills. Original Source
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The firm had said it plans to bring its commercial paper holdings to zero by the end of the year. Source
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Thailand’s oldest bank has scrapped plans it first announced in November 2021 to become the majority shareholder of crypto exchange Bitkub.In a Thursday announcement, Siam Commercial Bank’s SCB X Group said it would no longer be paying 17,850 million Baht — roughly $536 million in November and $497 million at
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