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Stablecoin issuer Circle has a $1 billion cash reserve pegged as insurance against a declining market capitalization and fresh competition from the traditional finance and technology industries, said CEO Jeremy Allaire. In an interview with Bloomberg, Allaire revealed the war chest and shared his views on the uptick in competition from
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The Republic of the Marshall Islands (RMI) has completed its annual talks with the International Monetary Fund (IMF). The country is expected to see gross domestic product (GDP) growth this year, the IMF concluded, in a recovery from the impact of COVID-19 and the contraction of its fishing industry. Climate
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Bank for International Settlements (BIS) has released a plan to protect central bank digital currencies (CBDCs) from cybersecurity threats in the decentralized finance (DeFi) sector. These guidelines aim to address the vulnerabilities of the DeFi
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Law enforcement authorities in the US are intensifying efforts to investigate a series of bomb threats targeting major retail chains, with the culprits demanding payments in bitcoin, according to a WSJ report. Over the past few months,
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied As part of its Global Law Enforcement Training Program, Binance has partnered with Taiwan’s Criminal Investigation Bureau (CIB) to provide specialized knowledge and support in addressing digital asset-related crime to over 200 law enforcement officers in
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The Hong Kong Police Force has established a metaverse security platform through a specialized unit to educate the public on Web3 dangers. The Hong Kong Police Force has launched a new metaverse platform called CyberDefender to address the potential dangers of the metaverse. The new platform protects Hong Kong citizens in their Web3
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The European Systemic Risk Board has recommended increased disclosures and monitoring as measures to combat the risks associated with the cryptocurrency market. This alarm follows concerns have been raised about the potential impact of a sudden crisis
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Bank of America has warned that the key threats to the U.S. dollar’s dominance are largely domestic, as opposed to competition from other currencies, including a BRICS currency. “U.S. fiscal brinkmanship, with risks for government shutdown, or even worse a default, keeps coming up during debt ceiling discussions,” the bank’s
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The National Bank of Ukraine (NBU) has expressed a mixed stance on cryptocurrencies like Bitcoin (BTC) after a year of war in the country.The central bank of Ukraine sees both good and bad in virtual assets, taking a more skeptical approach to crypto due to financial and economic issues caused
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The government of North Macedonia believes that an ongoing wave of false bomb threats against public targets in the country is coming from Russia and Iran. The authorities in Skopje also say that payments related to the attacks have been made with cryptocurrency to conceal traces. Over 700 Facilities Targeted With
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