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JPMorgan sees Binance settlement as positive development for crypto industry 

JPMorgan analysts believe that Binance’s $4.3 billion settlement stabilizes the crypto market and mitigates systemic risk. JPMorgan (JPM) has hailed Binance’s recent settlement with the U.S. Department of Justice (DOJ) as a ‘positive step’ for the crypto sector. Analysts at the firm believe it will be a beneficial step for both

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Chinese president calls for unity on AI challenges and cyber development

Chinese President Xi Jinping addressed an audience on Nov. 8 at the World Internet Conference Summit in Wuzhen, China, calling for international cooperation on the risks posed by artificial intelligence (AI).Xi’s speech, pre-recorded and broadcast at the conference, stressed the need for “deepened” exchanges and cooperation to “jointly advance the

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Blockchain’s positive impact on sustainable development: Solana Breakpoint

Blockchain technology is having a tangible positive influence on environmental stewardship through innovative projects that are retiring carbon credits, generating staking yields to support ecological initiatives and incentivizing communities to monitor and protect natural resources.Cryptox delved into the world of regenerative economies and finance at Solana Breakpoint in Amsterdam, facilitating

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Saudi’s NEOM partners with Animoca Brands for regional Web3 development

Web3 games developer Animoca Brands and Saudi Arabia’s NEOM Investment Fund announced a new partnership on Oct. 30 to drive Web3 development in the region. According to the announcement, the new deal will have Animoca working with NEOM to build Web3 enterprise service capabilities. The planned Web3 services are intended to

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China Launches Its First Industrial Park for Digital Yuan CBDC Development

Currently, there are nine residents of the park. All of them will get access to ten government initiatives introduced to “boost the development” of the digital yuan ecosystem. The initiatives include payment solutions, smart contracts, hard wallets, and digital yuan promotion. The first industrial park has been opened in the Luohu district

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Argentina Central Bank director supports CBDC development

Juan Agustín D’Attellis Noguera, Director of the Argentina Central Bank, supports developing a local CBDC. The Minister of Economy, Sergio Massa, brought the initiative, aiming to create a CBDC to solve the country’s complex economic situation. D’Attellis Noguera said creating a local CBDC could help stabilize the Argentine economy. Noguera stated: “By having

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Sui Foundation repurposes 117 million tokens for community development

The Sui Foundation reallocates 117 million SUI Tokens from external market makers to accelerate ecosystem development and support growth initiatives, including decentralized applications and liquid staking protocols. Sui Foundation has undertaken a major repositioning of its resources by retracting 117 million SUI Tokens from external market makers. The tokens will be

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