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In addition to exploring the Chinese market, Lucid is actively expanding its production capacity at its Arizona factory and preparing to launch its new SUV model called the Gravity. Lucid Motors, a prominent US electric car manufacturer, is actively considering entering the highly competitive electric vehicle (EV) market in China, the
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In the most recent update in the legal proceedings of the United States Securities and Exchange Commission against Ripple Labs, Judge Analisa Torres has granted permission for an investment banker declarant to make an appearance. According to a court filing, Judge Torres granted permission for Andrew A. Kunsak from the law firm
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In response to a shrinking market share and increasing competition, Circle is strengthening its position with a $1 billion cash buffer to counteract challenges posed by dominant non-crypto entities like PayPal. Circle’s USD coin faces market pressure The
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"This development is part of Sorare’s roadmap to build an inclusive ecosystem uniting tens of millions of sports fans, and support its mission to bring these fans closer to the players, teams and leagues they love," a Sorare spokesperson told CoinDesk. "It does not impact the structure of Sorare’s core
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The Financial Stability Board (FSB), the financial regulator funded by the Bank for International Settlements (BIS), is pushing international regulations for decentralized finance (DeFi).On Feb. 16, the FSB issued a report on the financial stability risks of DeFi, highlighting major vulnerabilities, transmission channels and the evolution of DeFi.Despite providing many
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Foreign nationals should be able to buy Russia’s upcoming digital ruble through entry points providing anonymity, according to a high-ranking member of the Russian parliament. The idea circulated in Moscow aims to protect these investors from Western sanctions. State Duma Deputy Proposes Anonymous Digital Ruble Purchases to Avoid Sanctions Foreign investors should
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Despite the Philippine Securities and Exchanges Commission warning the public against investing with Binance, the crypto exchange stays positive and relentless in bringing its services to the Southeast Asian country. In an interview, Binance’s head of Asia-Pacific Leon Foong told Cointelegraph that they are very optimistic about being able to enter the Philippines.
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Amid the negative U.S. GDP record and high Fed rate, there seems to be a positive turning for some digital assets, especially Ethereum. For example, the global second largest cryptocurrency by market cap, Ethereum (ETH), is staging a solid bounce back. Over the past few days, Ether has progressively increased as
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In a new development for East Asia, Japanese crypto exchange Bitbank announced a partnership with financial holding company Sumitomo Mitsui Trust Holdings with the goal of establishing Japan Digital Asset Trust (JADAT). According to an announcement sent to Cryptox on Tuesday, JADAT will be created to offer custodial services along with
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Major credit card company American Express has filed trademark applications for some of its logos and designs, hinting at expanding into the metaverse.According to applications submitted to the U.S. Patent and Trademark Office on Wednesday, American Express may be readying to provide “virtual concierge services” related to credit card transactions
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