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Abra also announced it would launch "Abra Boost" in October, a product that allows qualified investors to deposit and earn interest on digital assets. The company said it would be transitioning customers of its existing lending product, Abra Earn, to the new Abra Boost. Source
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SEBA Bank is a renowned digital currency company that acts as a bridge between conventional currencies and digital currencies, like Ethereum. It’s
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Rico, a Brazilian brokerage platform part of XP Inc., has announced it plans to enter the cryptocurrency market next year. The division is expanding its operations and will also enter the banking sector, launching digital account services and a credit card. The platform follows in the steps of companies like
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In a novel address at the University of California Berkley published on Wednesday, Olli Rehn, governor of the Bank of Finland, touted the possibility of a digital euro centralized bank digital currency (CBDC) functioning in tandem with private fintech solutions to facilitate the cross-border payment of services across Europe.The European
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There are 68 digital assets inside the Computing sector, with top assets Chainlink (LINK) 2, representing 17.2% of the Computing Sector, and the top 10 assets representing 63.4% of the total market cap. There are 19 assets in the Shared Storage Industry Group, totaling around $9 billion in market cap,
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The Federal Reserve published an open letter Tuesday, signed by Director of Supervision and Regulation Michael Gibson and Director of Consumer and Community Affairs Eric Belsky, directing Fed-supervised banks to make sure they check that any crypto-related activities they want to undertake are legally allowed first. Source
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“As a young and maturing financial services business, our resource allocation needed to change to reflect the current market conditions and the opportunities that we are best placed to capture," Equonex CEO Jonathan Farnell told CryptoX via email. "We are exiting underperforming businesses that no longer fit within our future
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The authorization will enable Revolut to offer crypto services to its 17 million customers in the EEA out of a new crypto-asset hub in Cyprus. Revolut said its choice was down to the sophisticated regulatory regime of the island country which has also attracted the likes of Crypto.com, eToro and
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Mercado Libre, one of the biggest retailers in Latam, has announced that it plans to expand its cryptocurrency trading services to more countries in the region. The company, whose cryptocurrency services are now just available for customers in Brazil through Mercado Pago, its payments and digital wallet, already has more
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Blaming market conditions and lack of liquidity, Singapore-based crypto lending platform Hodlnaut has become the latest firm to suspend withdrawals and deposits.The crypto lending firm made an official announcement on Monday, claiming that market conditions have forced it to suspend its services and that it is actively working on recovery
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