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MAS Proposes New Regulations to Tighten Crypto Business Activities
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MAS Proposes New Regulations to Tighten Crypto Business Activities

The Monetary Authority of Singapore (MAS) has published a consultation paper proposing a new set of regulations that may stiffen the emergence and activities of crypto industries in the country. Despite the proactive strides of the MAS towards the development of the country’s central bank digital currency (CBDC), the apex bank is set to reinforce its regulations on digital currencies.

MAS Completes CBDC Project Ubin Phase 5, Blockchain Sector Sees Major Growth Despite COVID-19
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MAS Completes CBDC Project Ubin Phase 5, Blockchain Sector Sees Major Growth Despite COVID-19

Sopnendu Mohanty, the Chief FinTech Officer at the Monetary Authority of Singapore (MAS) announced that Phase 5 of Project Ubin has been completed, and partners of the project are already working on a production in the payments space. A new report is to be expected in the next few days, which will “articulate the last phase of experimentation of Project Ubin.” He hinted that the production is related to exchange, settlement, and will be working on releasing production inspired by Project Ubin Phase 5.

MAS Announces Project Ubin’s Successful International Settlement Network in its Final Phase Report
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MAS Announces Project Ubin’s Successful International Settlement Network in its Final Phase Report

The Monetary Authority of Singapore (MAS) and government-owned conglomerate Temasek released the final report of the Singaporean CBDC project, Project Ubin. The report is the fifth and final phase of Project Ubin, Singapore’s blockchain-based multi-currency payments network prototype that was built for the financial industry and blockchain ecosystem.

MetaMask will capture IPs
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MetaMask will capture IPs

MetaMask will gather IP addresses and addresses during on-chain transactions. Data gathering applies only if users utilize MetaMask's default RPC app. This information may be shared with affiliates, during commercial negotiations, or to comply with KYC and AML regulations.

Bitcoin Can’t Drive Financial Inclusion for Unbanked But CBDC Can says Mastercard CEO
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Bitcoin Can’t Drive Financial Inclusion for Unbanked But CBDC Can says Mastercard CEO

Ajay Banga, the CEO of Mastercard believes Bitcoin is unable to function as an inclusive currency for the world’s unbanked due to volatility, CBDCs are a different story.

MasterCard Asia Files Device Billing System Patent Compatible With Iota’s Tangle Network
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MasterCard Asia Files Device Billing System Patent Compatible With Iota’s Tangle Network

MasterCard patents blockchain system to help shared device merchants avoid credit card fees.

Coinbase Will Not Bar Russian Users Unless New Laws Requires: CEO Brian Armstrong
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Coinbase Will Not Bar Russian Users Unless New Laws Requires: CEO Brian Armstrong

Coinbase CEO says the exchange will not ban Russian users, citing the fact that many citizens are not supportive of the decision of their president to go to war against Ukraine.

MetaMask Enables Direct Bank Transfers for Crypto Purchases in Nigeria
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MetaMask Enables Direct Bank Transfers for Crypto Purchases in Nigeria

MetaMask, a major crypto wallet, has partnered with MoonPay to enable direct bank transfers for crypto purchases in Nigeria, allowing users to access crypto faster and cheaper without using credit or debit cards. Nigeria is a major market for MetaMask, despite current issues with crypto on-ramps in the country.

Singapore State Investor Temasek Joins Libra Association, Facebook’s Global Digital Currency Project
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Singapore State Investor Temasek Joins Libra Association, Facebook’s Global Digital Currency Project

Singapore’s state investor, Temasek Holdings has officially been named a member of the Facebook-backed digital currency project Libra. Temasek as a portfolio value of 313 billion Singapore dollars (roughly $219 billion), making it one of the more prominent backers of Libra. The Libra Association, an independent group based in Switzerland has also welcomed crypto investor Paradigm and Slow Ventures, a private equity firm.

SEC Files Lawsuit Against MetaMask Owner ConsenSys Over Unregistered Crypto Transactions
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SEC Files Lawsuit Against MetaMask Owner ConsenSys Over Unregistered Crypto Transactions

The US SEC has filed a lawsuit against ConsenSys, a blockchain software company, for violating federal securities laws by offering unregistered securities through its MetaMask Swaps and Staking platforms, facilitating 36 million crypto asset transactions.

Twitter and Alibaba Enter Global AI Race
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Twitter and Alibaba Enter Global AI Race

Twitter and Alibaba are reportedly integrating artificial intelligence (AI) into their businesses. Meanwhile, Gemini co-founders Tyler and Cameron Winklevoss have funded their business with a $100 million personal loan. This week’s Crypto Biz also covers MetaMask's new feature for purchasing cryptocurrency and Alibaba's new chatbot assistant.

Singapore Bars Crypto Service Providers for Public Ads
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Singapore Bars Crypto Service Providers for Public Ads

In a bid to protect members of the investing public, the Monetary Authority of Singapore has prohibited all outdoor advertisements for all cryptocurrencies or digital payment tokens (DPT) service providers.

Singapore's MAS Unveils Stablecoin Regulatory Framework
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Singapore's MAS Unveils Stablecoin Regulatory Framework

Singapore's MAS releases a regulatory framework for stablecoins after public consultation in 2022. It aims to ensure value stability and sets key requirements for issuers.

Kucoin Global Users Can Now Purchase Crypto With Debit/Credit Cards
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Kucoin Global Users Can Now Purchase Crypto With Debit/Credit Cards

KuCoin exchange has launched the KuCoin Fiat Account, an avenue by which its customers around the world can fund their accounts using either a Visa or Mastercard debit or credit card.

Step-by-Step Guide to Importing NFTs from MetaMask to Immutable Passport
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Step-by-Step Guide to Importing NFTs from MetaMask to Immutable Passport

Learn how to transfer NFTs from MetaMask to Immutable Passport with this detailed guide.

Mask Network Introduces Staking Season 1 for $MASK Token Holders
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Mask Network Introduces Staking Season 1 for $MASK Token Holders

Mask Network announces the launch of its first staking program.

Mashreq Bank Partners with Oracle to Enhance Global Operations
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Mashreq Bank Partners with Oracle to Enhance Global Operations

Mashreq Bank extends its partnership with Oracle Financial Services to modernize its core banking systems and support global expansion.

Pantera Capital Welcomes Mason Nystrom as New Team Member
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Pantera Capital Welcomes Mason Nystrom as New Team Member

Pantera Capital has announced the addition of Mason Nystrom to its team, enhancing its expertise in blockchain and crypto investments.

Mastercard Introduces Crypto Source Product for Banks
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Mastercard Introduces Crypto Source Product for Banks

Payments giant, Mastercard has launched a new product to help banks get on board the crypto train faster

3Commas Refutes Allegations That Employees Stole API Keys
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3Commas Refutes Allegations That Employees Stole API Keys

3Commas, a crypto trading business, denies social media screenshots. To freeze exchange accounts, CEO Yuriy Sorokin recommends filing a police case. The business says phishing attempts "contribute" to thefts.

Mastercard Unveils Interoperable CBDC in Australia
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Mastercard Unveils Interoperable CBDC in Australia

Mastercard, in association with the RBA and DFCRC, has demonstrated a groundbreaking interoperable CBDC solution to enhance Web3 commerce in Australia and beyond. The live demonstration showcased a pilot CBDC holder purchasing an NFT on Ethereum, utilizing Mastercard’s Multi Token Network, emphasizing the potential of blockchain interoperability in fostering secure and efficient digital commerce.

JPMorgan Partners with DBS Group and Temasek to Develop Blockchain-Powered Trade Platform
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JPMorgan Partners with DBS Group and Temasek to Develop Blockchain-Powered Trade Platform

JPMorgan has partnered with DBS Group Holdings and Singapore-based investment company Temasek to create a blockchain-enabled foreign exchange platform.

Upbit Singapore Secures MAS's MPI Licence
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Upbit Singapore Secures MAS's MPI Licence

Upbit Singapore receives a Major Payment Institution license from MAS, marking a key step in its expansion and compliance with Singapore's regulatory standards in the digital asset sector.

MAS Seeks to Ban All Forms of Crypto Credits in Singapore
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MAS Seeks to Ban All Forms of Crypto Credits in Singapore

The Monetary Authority of Singapore wants crypto service providers to avoid issuing credits for consumers to trade crypto

First Crypto MasterCard CoinJar Card Launches in Australia
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First Crypto MasterCard CoinJar Card Launches in Australia

Australian cryptocurrency exchange CoinJar cooperated with the global payment giant MasterCard to launch Australia's first cryptocurrency MasterCard CoinJar Card.

Revolut Adds 29 New Tokens to Serve Clients in US
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Revolut Adds 29 New Tokens to Serve Clients in US

British fintech giant Revolut has announced the addition of 29 new tokens to serve its clients.

Democrats Request Trump Administration Briefing on Enormous Seizure of Cryptocurrency Terrorism Funding
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Democrats Request Trump Administration Briefing on Enormous Seizure of Cryptocurrency Terrorism Funding

House Democrats have asked the Trump Administration for a debriefing on the enormous Bitcoin and crypto seizure intended for Hamas, al-Qaeda, and Islamic State terrorists.

Singapore to Charge Income Tax on NFT Trading, says FM Lawrence Wong
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Singapore to Charge Income Tax on NFT Trading, says FM Lawrence Wong

In Asia, Singapore extends tax charging on NFT transactions, local media reports.

CoinLedger Joins Forces with MetaMask for Streamlined Crypto Tax Reporting
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CoinLedger Joins Forces with MetaMask for Streamlined Crypto Tax Reporting

MetaMask and CoinLedger collaborate to simplify tax reporting for users, integrating automatic tax features into the MetaMask Portfolio.

MAS to Tighten Oversight on Crypto Exchanges as it Looks Toward Functional Regulations
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MAS to Tighten Oversight on Crypto Exchanges as it Looks Toward Functional Regulations

The Monetary Authority of Singapore (MAS) is currently making several enquiries from crypto companies within its borders in preparation for a more comprehensive crypto regulation

SoftBank CEO Does Not Understand Bitcoin Despite $200 Million Investment in BTC
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SoftBank CEO Does Not Understand Bitcoin Despite $200 Million Investment in BTC

After investing about $200 million in Bitcoin, SoftBank's CEO, Masayoshi Son reveals he does not understand Bitcoin.

Singapore Regulator MAS is Exploring Use of Cases in Digital Assets
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Singapore Regulator MAS is Exploring Use of Cases in Digital Assets

The Monetary Authority of Singapore (MAS) has launched Project Guardian, a sandbox initiative that is set to explore a number of defined use cases with respect to asset tokenization on the blockchain.

Valkyrie Funds Introduces Crypto SMAs for Fund Managers & Advisors
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Valkyrie Funds Introduces Crypto SMAs for Fund Managers & Advisors

Valkyrie SMAs’ launch comes after similar offerings by Coinbase, Ark Invest, Bitwise, and Franklin Templeton.

Mastercard Files for 15 Crypto & Metaverse Related Trademarks
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Mastercard Files for 15 Crypto & Metaverse Related Trademarks

Mastercard has filed for 15 trademarks related to NFTs, crypto and metaverse.

AI in Emergency Medicine: Evaluating ChatGPT and Google Bard
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AI in Emergency Medicine: Evaluating ChatGPT and Google Bard

A study reveals ChatGPT and Google Bard's performance in mass casualty incident triage is significantly different, with Google Bard outperforming ChatGPT with a 60% accuracy rate, highlighting the need for continued advancement and human supervision in AI's healthcare integration.

Blockchain Technology Powers Brazil's National Identity Card Issuance
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Blockchain Technology Powers Brazil's National Identity Card Issuance

Brazil has commenced the use of blockchain technology for issuing the National Identity Card (CIN) to enhance security and data integrity in the new identity issuance process. The initial phase begins in three states with a nationwide deadline set for November 6, 2023. This move is part of Brazil's broader initiative towards leveraging blockchain for public service improvement, aligning with global trends of digital identity verification.

Revolut Launches Cryptocurrency Exchange Services in Singapore
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Revolut Launches Cryptocurrency Exchange Services in Singapore

British Fintech firm Revolut has launched a digital currency trading service in Singapore amid a tightening regulation from regulators.

Want a Masters in Blockchain? Look no further than the "Blockchain Island"
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Want a Masters in Blockchain? Look no further than the "Blockchain Island"

Malta has been deemed the “Blockchain Island” based on the incredible steps made by the administration. As a result, the University of Malta is offering a Masters of Blockchain and Distributed Ledger Technology with the first enrollment taking place this October.

Japan's FSA Joins MAS' "Project Guardian" as First Overseas Regulator
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Japan's FSA Joins MAS' "Project Guardian" as First Overseas Regulator

The Financial Services Authority (FSA) of Japan has announced its participation in the Monetary Authority of Singapore's (MAS) "Project Guardian" initiative. This collaborative project, which was established by MAS in May 2022, aims to explore the feasibility of applying digital technologies to various asset classes while ensuring financial stability and integrity.

Venezuela to Offer Christmas Bonus in Petro Coin to Retirees and Pensioners
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Venezuela to Offer Christmas Bonus in Petro Coin to Retirees and Pensioners

Since the launch of Petro, Venezuela's cryptocurrency in February 2018, the government has been trying to expand its use case across almost every activity in the country. To this effect, a tweet from a local news outlet, Venepress, claimed that Venezuela Government would give its Christmas bonus to retirees and pensioners in its cryptocurrency, Petro.

Facebook Moving Further Away From Libra, But Considering its Own Digital Token System
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Facebook Moving Further Away From Libra, But Considering its Own Digital Token System

Facebook is now considering developing a system of digital tokens, pegged to different government-issued currencies including the US dollar and the euro. The new plan will still include Libra, although Libra Association, separately, will continue its work on the stablecoin pegged to a basket of global currencies.

BondbloX Secures $6M in Series B Funding Led by Beacon Venture Capital
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BondbloX Secures $6M in Series B Funding Led by Beacon Venture Capital

Singapore-based FinTech company BondEvalue has raised $6 million in a Series B funding round, led by Beacon Venture Capital and supported by MassMutual Ventures and Citigroup. The funding will expand BondbloX Bond Exchange, a distributed ledger technology that democratizes bond market access through fractional and full-size trading.

Mastercard Still Betting on Blockchain Despite Pulling Out from Facebook’s Libra
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Mastercard Still Betting on Blockchain Despite Pulling Out from Facebook’s Libra

Mastercard recently pulled out of the Libra Association, along with Visa and PayPal, however, it has been reported that the payment processor is not giving up on blockchain.

Mastercard Tapped to Issue Prepaid Cards Linked to Bahamas’ Central Bank Digital Currency
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Mastercard Tapped to Issue Prepaid Cards Linked to Bahamas’ Central Bank Digital Currency

Mastercard has partnered with the Central Bank of The Bahamas and Island Pay to issue prepaid cards that would allow people of Bahamas to instantly convert the Bahamas’ CBDC to cash during purchases.

Singapore Passes Law to Regulate VASPs Operating Abroad
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Singapore Passes Law to Regulate VASPs Operating Abroad

Singapore-based Virtual Assets Service Providers (VASPs) which do their business offerings or products abroad are now required to secure licensing from the relevant authorities.

MetaMask Launches "Buy Crypto" Feature
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MetaMask Launches "Buy Crypto" Feature

MetaMask has launched a new feature allowing users to purchase crypto with fiat currency directly from its Portfolio Dapp. The "Buy Crypto" feature will enable MetaMask users to purchase a wide range of cryptocurrencies using various payment methods, and it takes into account several factors such as user location and local regulations. The funds will then be deposited directly into the user’s MetaMask wallet.

Ebang's Ebonex To Launch Crypto-Linked Card Through Partnership With Mastercard
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Ebang's Ebonex To Launch Crypto-Linked Card Through Partnership With Mastercard

Ebang has continued to build its brand within the crypto sector. The China-based maker of crypto mining machines recently launched its crypto exchange, Ebonex, which continues to grow.

Mastercard VP On Blockchain, Digital Assets and CBDC: “Everything Ends in Transactions and Payments”
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Mastercard VP On Blockchain, Digital Assets and CBDC: “Everything Ends in Transactions and Payments”

Ashok Venkateswaran, Mastercard’s Blockchain and Digital Assets Lead, Asia Pacific shares insights on the payment giant's new blockchain and digital initiatives.

Nexo Launches Crypto-Backed Credit Cards in Europe in Partnership With Mastercard
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Nexo Launches Crypto-Backed Credit Cards in Europe in Partnership With Mastercard

Digital assets platform Nexo has inked a deal with Mastercard and DiPocket to launch crypto cards that will allow its customers in Europe to spend digital currencies without touching their funds.

Ripple Receives Approval for Digital Payment License from MAS
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Ripple Receives Approval for Digital Payment License from MAS

Ripple, a leading provider of enterprise blockchain and cryptocurrency solutions, has announced a significant milestone for its Singapore subsidiary, Ripple Markets APAC Pte Ltd.

The Bahamas Becomes First Country to Launch its CBDC, the ‘Sand Dollar’
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The Bahamas Becomes First Country to Launch its CBDC, the ‘Sand Dollar’

The Bahamas has launched the Sand Dollar, making it the first country in the world to officially release a central bank digital currency (CBDC) beyond the testing phase.

MAS Proposes Open and Interoperable Framework for Digital Asset Networks
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MAS Proposes Open and Interoperable Framework for Digital Asset Networks

The Monetary Authority of Singapore (MAS) has unveiled a comprehensive report introducing a framework for the design of open and interoperable networks for digital assets.

Binance CEO Emphasizes Importance of Understanding Crypto for Proper Regulation
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Binance CEO Emphasizes Importance of Understanding Crypto for Proper Regulation

During a fireside chat at the Hong Kong Web3 Festival, Binance CEO Changpeng Zhao (CZ) discussed the importance of regulators having a deep understanding of the crypto industry to properly regulate it. He emphasized the need for regulatory clarity and engagement with regulators. CZ also suggested that government efforts to restrict traditional financial markets may push more people towards crypto, ultimately leading to mass adoption.

MAS Launches First DeFi Pilot Tests with Polygon and Aave
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MAS Launches First DeFi Pilot Tests with Polygon and Aave

The Monetary Authority of Singapore has completed a pilot test on DeFi using Polygon and Aave

BNB Chain and MetaMask Resolve Glitch Affecting opBNB Gas Fees
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BNB Chain and MetaMask Resolve Glitch Affecting opBNB Gas Fees

BNB Chain and MetaMask have successfully addressed a glitch that led to the display of inflated gas fees for opBNB transactions. The issue was rooted in MetaMask's default algorithm, which set a minimum recommended gas price based on averages across various Layer 1 and Layer 2 networks. This has been corrected, and users can now benefit from opBNB's lower gas fees for faster and more cost-effective transactions.

Coinbase's NFT Platform to Allow Purchase With Credit & Debit Cards
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Coinbase's NFT Platform to Allow Purchase With Credit & Debit Cards

Following its new partnership with Mastercard, Coinbase Global Inc will start allowing users to buy NFTs with credit cards and debit cards.

FinCEN Issues Alert to Counter Financing to Hamas and its Terrorist Activities
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FinCEN Issues Alert to Counter Financing to Hamas and its Terrorist Activities

The Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of the Treasury has issued an alert to financial institutions, urging vigilance in identifying and reporting suspicious activities related to the financing of the terrorist organization Hamas. The alert comes in the wake of a Hamas-led attack on Israel on October 7, 2023, which was funded through various means, including virtual currency.

Singapore's MAS to Open Public Consultation on Stablecoins Soon
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Singapore's MAS to Open Public Consultation on Stablecoins Soon

Singapore’s apex bank, the Monetary Authority of Singapore (MAS), is ramping up plans to open up discussions with the public for stablecoin regulations.

Over 50% Consumers in Latin America Conduct Crypto Transactions, Survey Suggests
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Over 50% Consumers in Latin America Conduct Crypto Transactions, Survey Suggests

Attributed to convenience and flexibility, crypto adoption in Latin America is increasing, according to a study by payments giant Mastercard.

Elon Musk Endorses Pro-Crypto Republican Presidential Candidate Vivek Ramaswamy
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Elon Musk Endorses Pro-Crypto Republican Presidential Candidate Vivek Ramaswamy

Elon Musk endorses pro-crypto candidate Vivek Ramaswamy. Amidst tense crypto regulations, the 2024 U.S. elections may shape the future of digital currencies.

MetaMask Launches Ethereum Staking Marketplace
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MetaMask Launches Ethereum Staking Marketplace

MetaMask Institutional has announced a new staking marketplace that allows institutional clients to manage ETH staking through vendors such as ConsenSys Staking, Allnodes, Blockdaemon, and Kiln. The marketplace aims to simplify access and management of solo staking and enable institutions to become Ethereum network validators.

Binance Exchange Halts Major Crypto Services in Singapore
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Binance Exchange Halts Major Crypto Services in Singapore

Binance has announced that with effect from October 26, users from Singapore will not be able to access the most basic functions of the Binance.com platform

MAS Faults Three Arrows Capital for Sharing False Information
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MAS Faults Three Arrows Capital for Sharing False Information

Despite its current woes as a liquidated company, the Monetary Authority of Singapore (MAS) has come out openly to accuse Three Arrows Capital (TAC), also popularly called 3AC, of providing it with false information about key aspects of its business

Mastercard Expands Consulting Services to Crypto
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Mastercard Expands Consulting Services to Crypto

Mastercard Inc is expanding its consulting services and is making commitments to a number of innovations in the cryptocurrencies market.

Celsius Network Conditionally Not to Enforce Debtors to Pay for Outstanding Loans
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Celsius Network Conditionally Not to Enforce Debtors to Pay for Outstanding Loans

Beleaguered digital currency lender Celsius Network has revealed that it was not planning to ask its debtors to pay their outstanding loans during its Chapter 11 bankruptcy proceedings.

Celsius CEO Resigns amid Broader Bankruptcy Tango
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Celsius CEO Resigns amid Broader Bankruptcy Tango

Alex Mashinsky, the Chief Executive Officer of the embattled crypto lending firm Celsius Network has tendered his resignation as the head of the firm, effective immediately.

MetaMask Adds Apple Pay Integration, Expands Options for Buying Cryptos
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MetaMask Adds Apple Pay Integration, Expands Options for Buying Cryptos

ConsenSys-owned crypto wallet MetaMask announced Tuesday the addition of Apple Pay integration, increasing options for buying cryptocurrencies.

Singapore's MAS Blacklists ImToken Wallet for Unlicensed Operations
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Singapore's MAS Blacklists ImToken Wallet for Unlicensed Operations

Singapore's MAS has blacklisted ImToken, a crypto wallet provider, for lack of a financial license, citing its role as a decentralized, self-custodial wallet for investor protection and market stability.

Singapore Considers Enhancing Crypto Consumer Protection via Suitability Tests & Leverage Cuts
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Singapore Considers Enhancing Crypto Consumer Protection via Suitability Tests & Leverage Cuts

The Monetary Authority of Singapore (MAS) is weighing the option of propelling ways of protecting consumers trading cryptocurrencies through new measures like suitability tests.

Celsius Denies Allegation of CEO Leaving US
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Celsius Denies Allegation of CEO Leaving US

Celsius Network has denied its CEO's leaving from the US, claiming that all related allegations are false. Alex Mashinsky was reportedly stopped by authorities, amid insolvency rumours about his company.

ConsenSys Hits $7 Billion Valuation in New Funding Round
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ConsenSys Hits $7 Billion Valuation in New Funding Round

ConsenSys has raised $450 million in a Series D funding round, giving the blockchain company a valuation of $7 billion.

Digital Trader BHEX.SG Receives Standard Payment Institution License from MAS
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Digital Trader BHEX.SG Receives Standard Payment Institution License from MAS

The central bank of Singapore also known as the Monetary Authority of Singapore (MAS) has issued a standard payment institutional license to BHEX.SG, a digital assets trading platform

Smart Contract 101: MetaMask
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Smart Contract 101: MetaMask

MetaMask is a crypto wallet & gateway to blockchain apps. It also a tool for interacting with decentralized applications (DAPP).

Mastercard Partners with 3 Firms to Launch First Crypto-Linked Payment Cards in Asia Pacific
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Mastercard Partners with 3 Firms to Launch First Crypto-Linked Payment Cards in Asia Pacific

Mastercard said that it has cooperated with three well-known digital asset companies in the Asia-Pacific region to launch a Mastercard payment card funded by cryptocurrency.

The Top Dapps to Consider Using in 2020
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The Top Dapps to Consider Using in 2020

DApps are a significant shift from traditional apps, majorly due to the underlying principle of decentralization, which drives the whole lifecycle. While traditional apps are controlled by centralized authority, DApps run on a decentralized blockchain. Now, let’s look at some of the top useful DApps that consumers should consider using.

Mastercard Launches NFT-Gated Artist Accelerator Program
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Mastercard Launches NFT-Gated Artist Accelerator Program

Mastercard announced a new artist accelerator program, which is NFT-gated and only accessible to holders of its Mastercard Music Pass NFT. The program is a collaboration with Polygon and offers free access to educational materials, unique AI tools, and other experiences.

Mastercard Reveals to Develop CBDC as The Private Payment Provider
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Mastercard Reveals to Develop CBDC as The Private Payment Provider

Digital payment Mastercard CEO Michael Miebach expresses his strong support for CBDC on the Q3 earnings conference call.

Celsius CEO Alex Mashinsky Involves Untimely Trading Prior to Crash: FT
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Celsius CEO Alex Mashinsky Involves Untimely Trading Prior to Crash: FT

Celsius's Chief Executive Officer, Alex Mashinsky, has been practically handling untimely trading activities of the firm since January.

Fundstrat’s Thomas Lee Discusses: What Happens After the 10 Best Days for Bitcoin?
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Fundstrat’s Thomas Lee Discusses: What Happens After the 10 Best Days for Bitcoin?

Thomas Lee, the Co-Founder, Managing Director, and Head of Research at Fundstrat Global Advisors, known for his opinions on the Bitcoin and crypto market has sat down with Blockchain.News to discuss his views on some macro trends and the Bitcoin industry we’re currently observing.

Binance Launches Crypto Prepaid Card in Argentina through Partnership with Mastercard
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Binance Launches Crypto Prepaid Card in Argentina through Partnership with Mastercard

Binance has rolled out its first crypto card in Argentina. The exchange plans to expand the service to other Latin American nations, including Brazil, Peru, Colombia, and Brazil.

Demand for Zilliqa Blockchain in Play-to-Earn Games Gains Steam
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Demand for Zilliqa Blockchain in Play-to-Earn Games Gains Steam

Zilliqa, a public blockchain that offers solutions to decentralized applications (dapps) and enterprises, is emerging as one of the sought-after networks in the esports industry based on notable partnerships.

ConsenSys Clears Misinformation About MetaMask Tax Collection Claims
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ConsenSys Clears Misinformation About MetaMask Tax Collection Claims

ConsenSys, the parent company of MetaMask, took to Twitter today to address and clarify a series of inaccurate claims circulating about changes in their terms of service, specifically around tax collection on crypto transactions.

Mask Network (MASK) Bonfire Union Achieves $100 Million Milestone
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Mask Network (MASK) Bonfire Union Achieves $100 Million Milestone

Mask Network launches $100 million fund under Bonfire Union, supporting decentralized social networks and infrastructure, driving Web3 innovation, and contributing to Mastodon and Web3 education through $10 million builder initiative.

A Rising Rate Environment will Tilt from Bonds to Crypto, Says Fundstrat Founder
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A Rising Rate Environment will Tilt from Bonds to Crypto, Says Fundstrat Founder

Thomas (Tom) Lee, the founder of Fundstrat Global Advisors, believes that a hike in interest rates will be a game-changer for crypto because other investments like bonds will become less attractive.

US Treasury Targets Hamas Financial Networks Post-Israel Attack
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US Treasury Targets Hamas Financial Networks Post-Israel Attack

In a strategic move following the recent terrorist attack on Israel, the US Treasury designated ten key individuals and entities affiliated with Hamas, targeting their financial networks across several countries. This action accentuates the broader US initiative to choke off Hamas’s financial resources, while spotlighting the emerging challenges posed by virtual currencies in terror financing.

The Bahamas Racing Ahead with the Sand Dollar
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The Bahamas Racing Ahead with the Sand Dollar

The Bahamas are rolling out their Sand Dollar digital currency across the island chain and look to be ahead of some of the larger countries around the world.

MetaMask Denies Involvement in Massive Wallet-Draining Exploit
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MetaMask Denies Involvement in Massive Wallet-Draining Exploit

MetaMask has denied claims that its wallet was exploited in a recent massive wallet-draining operation that resulted in the loss of over 5,000 ETH. The company has confirmed that the funds were stolen from various addresses across 11 blockchains, and that the exploit was not specific to MetaMask.

Singapore Payment Services Act Now in Effect For Crypto Firms
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Singapore Payment Services Act Now in Effect For Crypto Firms

The Monetary Authority of Singapore now requires cryptocurrency providers and exchanges to be licensed under some of the same regulatory elements as traditional financial service providers.

Wyre Limits WithdrawalsTo 90% For All Users
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Wyre Limits WithdrawalsTo 90% For All Users

Wyre, a crypto payment company, has changed its withdrawal policy to restrict customers to 90% of their funds, days after two former workers purportedly hinted at a closure. Yanni Giannaros, Wyre's chief risk and compliance officer, is temporary CEO. As Wyre implements new operations, daily withdrawal restrictions will vary.

Mastercard Uses AI to Combat Real-Time Payment Scams
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Mastercard Uses AI to Combat Real-Time Payment Scams

Mastercard has introduced a brand new artificial intelligence (AI)-powered solution with the intention of assisting financial institutions in combating payment fraud and scams in real time, ahead of any potential monetary abuses.

Mastercard Launches Web3 Musician Accelerator With Polygon
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Mastercard Launches Web3 Musician Accelerator With Polygon

Mastercard launched a Polygon-based accelerator program for Web3 artists. Five international performers will be mentored by the business to establish their Web3 music brands. For those not chosen for the program, Mastercard is offering the Mastercard Music Pass NFT collection.

Mastercard Onboards Ava Labs as Part of Start Path Crypto Program
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Mastercard Onboards Ava Labs as Part of Start Path Crypto Program

American payment services firm Mastercard has onboarded Avalanche blockchain creator Ava Labs as part of its Start Path Crypto Program.

Copper.Co Hires Mastercard’s Tim Neill as New Chief Risk Officer
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Copper.Co Hires Mastercard’s Tim Neill as New Chief Risk Officer

The new appointment of Neill will enable Copper.co to realize the full potential of its crypto offerings to fuel a more equitable financial system alongside innovation and economic growth.

1 in 9 Indonesians hold Cryptocurrency, Hootsuite Report
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1 in 9 Indonesians hold Cryptocurrency, Hootsuite Report

According to a report shared by Hootsuite citing GlobalWebIndex, 11% of all Indonesians own some kind of cryptocurrency. The total population of Indonesia is just over 270 Million people which makes it the fourth most populous country on the planet.

SBF Submits Fresh Bahamas Supreme Court Bail Application
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SBF Submits Fresh Bahamas Supreme Court Bail Application

Sam Bankman-Fried has allegedly applied for bail again in the Bahamas Supreme Court. Money laundering, wire fraud, and securities fraud are among the eight U.S. allegations against the FTX founder. A court granted bail on December 13 because the crypto executive was a flight risk. On December 15, local media reported that he had filed the application and it will be considered in court in January.

Vodafone Follows PayPal and Visa to Leave Facebook's Libra Association
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Vodafone Follows PayPal and Visa to Leave Facebook's Libra Association

Maybe what Facebook is not doing right that costs it to lose founding partners? Breaking news shows that Facebook’s Libra has lost another member of its council. This time round, Vodafone has confirmed to have left Libra Association.

Mastercard Collaborates with Bakkt to Expand Encryption Solutions & Join Loyalty Program
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Mastercard Collaborates with Bakkt to Expand Encryption Solutions & Join Loyalty Program

Payment giant Mastercard cooperates with the U.S. Institutional Exchange Bakkt by expanding integrated cryptocurrency solutions and payment services.

MAS Sees Potential in Retail-CBDC for the City-State
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MAS Sees Potential in Retail-CBDC for the City-State

Despite its plans to float Project Orchid, the technology infrastructure, and the technical competencies necessary to issue a digital Singapore dollar, the Monetary Authority of Singapore (MAS) is not in a hurry to follow the bandwagon.

Chess Grandmaster Garry Kasparov Supports Bitcoin as Tool for Human Rights and Financial Autonomy
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Chess Grandmaster Garry Kasparov Supports Bitcoin as Tool for Human Rights and Financial Autonomy

Chess Grandmaster and rising human rights advocate, Garry Kasparov, sees cryptocurrencies like Bitcoin and Ethereum as a way to fight tyranny and restore liberal democracies.

JPMorgan says MassMutual Bitcoin Investment Signals Institutional Demand Could Quickly Grow by $600 Billion
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JPMorgan says MassMutual Bitcoin Investment Signals Institutional Demand Could Quickly Grow by $600 Billion

JPMorgan thinks growing institutional demand could see up to $600 billion flow into Bitcoin in the near future after insurance giant MassMutual invested $100 million into BTC.

Crypto Bank Custodia Files Lawsuit against Federal Reserve for Delaying Master Account Application
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Crypto Bank Custodia Files Lawsuit against Federal Reserve for Delaying Master Account Application

Wyoming state-based digital asset bank Custodia has filed a lawsuit against the authority for unlawfully delaying a decision on its applications for a master account.

Elliptic Debunks Claims of Substantial Crypto Funding to Hamas
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Elliptic Debunks Claims of Substantial Crypto Funding to Hamas

Elliptic, a blockchain analytics firm, refuted claims of significant cryptocurrency funding to Hamas, following a wave of reports and a letter from US lawmakers to the White House. The firm highlighted the lack of substantial evidence supporting the alleged $130 million crypto funding between August 2021 and June 2023. Despite historical endeavors by Hamas to solicit crypto donations, recent analysis reveals that the amounts garnered remain minuscule compared to the figures cited in misinformed reports.

Mastercard Launches Web3 Solution for Crypto Verification
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Mastercard Launches Web3 Solution for Crypto Verification

Mastercard has launched a new Web3 solution called "Mastercard Crypto Credential" aimed at enhancing user verification standards in the digital asset space. The solution is designed to provide a unique identifier to users, enabling them to instantly verify that an address they want to send funds to has been vetted by Mastercard and has been operating in compliance with the firm's standards. The solution will support compliance through the exchange of metadata and help reduce the opportunities for bad actors.

Ethereum-Based Wallet MetaMask Adds Token Swaps to Its Features
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Ethereum-Based Wallet MetaMask Adds Token Swaps to Its Features

MetaMask recently announced a new add-on to its browser which can facilitate decentralized finance (DeFi) transactions for Ethereum-based tokens.

RSS3 aggregating Farcaster & Lens to MetaMask Snap
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RSS3 aggregating Farcaster & Lens to MetaMask Snap

RSS3 is developing a MetaMask Snap to aggregate decentralized social information, provide real-time notifications, and enable users to sync and aggregate their graphs.

Mastercard Enhances Crypto Wallet and Exchange Business
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Mastercard Enhances Crypto Wallet and Exchange Business

Payment giant Mastercard announced Tuesday to enhance its function and experiment for cryptocurrency wallets and exchanges to their clients. The card issuer cooperates with multiple crypto enterprises to convert crypto and traditional fiat money more accessible.

Mastercard, BitOasis Roll Out Crypto-Linked Cards in the MENA Region
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Mastercard, BitOasis Roll Out Crypto-Linked Cards in the MENA Region

Payment giant Mastercard has inked a deal with Middle East-based cryptocurrency exchange BitOasis to establish a series of crypto card programs aimed at boosting daily cryptocurrency usage in the Middle East & North Africa region.

NFT Layer-2 Protocol ImmutableX Raises $200M in New Funding
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NFT Layer-2 Protocol ImmutableX Raises $200M in New Funding

Immutable X, an Ethereum-based layer-2 NFT token platform, has announced the completion of its Series C funding round in which it raised the sum of $200 million from leading investors.

Bahamas Ranks First as The Country with Most Advanced Retail CBDC Development
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Bahamas Ranks First as The Country with Most Advanced Retail CBDC Development

The Bahamas narrowly beats Cambodia because its CBDC is available to all citizens.

Macro Investor Mike Novogratz Says MassMutual's Bitcoin Investment Could Be The Most Important One of 2020
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Macro Investor Mike Novogratz Says MassMutual's Bitcoin Investment Could Be The Most Important One of 2020

Mike Novogratz recognizes MassMutual insurance company’s move to purchase $100 million in Bitcoin as the most important cryptocurrency news of the year 2020.

Bitcoin Flips Visa Again
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Bitcoin Flips Visa Again

Bitcoin (BTC) market valuation surpassed Visa's after a near 50% price increase in 2023. BTC has "flipped" the payment giant three times.

What is Gamma AI?
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What is Gamma AI?

Gamma AI is an AI-powered suite for business processes and presentations, offering user-friendly interfaces, AI-powered suggestions, and data loss prevention, but has limitations in handling complex tasks.

Mastercard's Dynamic Yield Launches AI-Driven Shopping Muse to Enhance Online Retail
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Mastercard's Dynamic Yield Launches AI-Driven Shopping Muse to Enhance Online Retail

Mastercard's Dynamic Yield has introduced "Shopping Muse," an AI-driven personal retail assistant tool, enhancing its digital personalization and AI portfolio to provide personalized product recommendations and meet evolving retail industry demands.

Crypto Exchange FTX Relocates its HQ to the Bahamas from Hong Kong
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Crypto Exchange FTX Relocates its HQ to the Bahamas from Hong Kong

Digital assets derivatives exchange FTX reportedly has relocated their headquarter to Nassau, the Bahamas, from Hong Kong, citing fewer regulation restrictions on the island nation.

Mastercard Survey Suggests that Consumer Appetite for Cryptocurrency Payments Is Surging
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Mastercard Survey Suggests that Consumer Appetite for Cryptocurrency Payments Is Surging

Mastercard released a report on May 4 that revealed that there is a growing demand for digital payments.

Vodafone to Auction the World's First "Merry Christmas" SMS Message as NFT
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Vodafone to Auction the World's First "Merry Christmas" SMS Message as NFT

Vodafone is making its entry into the NFT ecosystem by auctioning the world’s first Short Message Service (SMS), which reads “Merry Christmas.”

Gemini Eyes Singapore Expansion With New Asia Pacific Managing Director
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Gemini Eyes Singapore Expansion With New Asia Pacific Managing Director

The Gemini crypto exchange, owned and operated by the Winklevoss’ Twins, has set its sights into a further expansion into the Asian market with the hiring of Jeremy Ng as Managing Director for Asia Pacific. Ng was formerly the CEO of Leonteq Asia.

New York Federal Reserve Partners With MAS to Research on wCBDCs
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New York Federal Reserve Partners With MAS to Research on wCBDCs

The New York Fed and Singapore's MAS are collaborating on CBDC development

Web2 and Web3 tools are merging as crypto-backed debit cards
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Web2 and Web3 tools are merging as crypto-backed debit cards

The Bit2Me card supports eight cryptocurrencies, including BTC, ETH, ADA, and SOL, with more anticipated later this year.

Fasset to Drive Financial Inclusion in Indonesia with Mastercard
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Fasset to Drive Financial Inclusion in Indonesia with Mastercard

Digital assets-based fintech startup Fasset Technologies has partnered with payments giant Mastercard to drive financial inclusion in Indonesia.

Mastercard Pulls Russian Banks from its Payment Network
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Mastercard Pulls Russian Banks from its Payment Network

American payment services giant Mastercard has cut off Russian financial institutions from its payment network.

Crypto Assets Custodian Hex Trust Acquires Key License from MAS
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Crypto Assets Custodian Hex Trust Acquires Key License from MAS

Crypto asset custodian Hex trust announced Tuesday has obtained a CMS license from the Singapore regulator- the Monetary Authority of Singapore (MAS), according to a Bloomberg report.

Exmo Trading Platform Stops Services in Russia, Belarus & Kazakhstan
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Exmo Trading Platform Stops Services in Russia, Belarus & Kazakhstan

Cryptocurrency trading platform Exmo has announced it will stop serving traders and customers from Russia, Belarus, and Kazakhstan.

MAS Insists Terra, 3AC Unlicensed to Operate in Singapore
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MAS Insists Terra, 3AC Unlicensed to Operate in Singapore

Ravi Menon, the managing director of the Monetary Authority of Singapore, indicated that crypto entities like Terraform Labs, the Luna Foundation Guard and Three Arrows Capital are unlicensed by MAS in Singapore.

Mastercard Attains CipherTrace to Boost Security and Fraud Detection in the Crypto Ecosystem
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Mastercard Attains CipherTrace to Boost Security and Fraud Detection in the Crypto Ecosystem

Payment giant Mastercard announced the acquisition of CipherTrace to offer businesses powerful intelligence about the crypto economy as digital assets continue becoming more intertwined with daily activities.

It is the Season of Giving! Binance Charity is Giving Back with TravelBit's Partnership
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It is the Season of Giving! Binance Charity is Giving Back with TravelBit's Partnership

Christmas is here! And to add to the season of giving, Binance partners with TravelBit to allow travelers booking through their website, to donate to the Binance Lunch for Children.

Mastercard Launches New Crypto Program for Start-ups
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Mastercard Launches New Crypto Program for Start-ups

Payment giant Mastercard announced Tuesday to kick off a new program for start-up companies to support the development in cryptocurrency and blockchain industries.

Russia largest bank is moving forward with the plan
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Russia largest bank is moving forward with the plan

Sberbank, Russia's biggest bank, will begin open DeFi platform testing in April 2023.

Japan Freezes Assets Linked to Hamas Funding
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Japan Freezes Assets Linked to Hamas Funding

Japan has frozen the assets of nine individuals and a cryptocurrency firm accused of financing Hamas, following US sanctions. This move is part of a global effort to disrupt militant group financing channels, focusing on the challenges of virtual currencies in facilitating illicit financial flows.

Paxos Gets Nod to Operate Digital Payments Token Services in Singapore
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Paxos Gets Nod to Operate Digital Payments Token Services in Singapore

It is a positive sign for Paxos as it means that the blockchain company is a compliant business and MAS is supportive to it.

Avalanche Launches Avaissance to Boost NFT Ecosystem
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Avalanche Launches Avaissance to Boost NFT Ecosystem

The Avalanche Foundation has announced the launch of Avaissance, an initiative aimed at supporting digital artists and growing the Avalanche NFT ecosystem. The program includes an Artist in Resident program for over 50 artists and the Mona Lisa Initiative to curate digital art and expand the collections of art-focused DAOs. In other news, Ticketmaster has announced a new feature, token-gated ticket sales, allowing artists to reward NFT holders with exclusive benefits. Popular NFT artist Patrick Amadon withdrew his work from a major auction house to protest a lack of female representation. Sony Interactive Entertainment filed a patent for a framework allowing users to transfer and utilize NFTs across multiple game platforms.

Unidentified Exploit Steals Over $10.5 Million in NFTs and Coins
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Unidentified Exploit Steals Over $10.5 Million in NFTs and Coins

An unidentified exploit has drained over $10.5 million in NFTs and coins from experienced crypto community members since December 2022. The exploit targets keys created from 2014 to 2022 and those who are "crypto native," with multiple addresses and work within the space. Crypto veterans are advised to use a hardware wallet or migrate their funds to safeguard their digital assets.

MetaMask Launches Bridge Aggregator, Enabling to Move Tokens across Blockchains
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MetaMask Launches Bridge Aggregator, Enabling to Move Tokens across Blockchains

Popular self-custodial wallet MetaMask has now launched a bridge aggregator allowing users to bridge across multiple blockchain networks.

Mastercard Launches Virtual Platform to Help Governments Test CBDCs
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Mastercard Launches Virtual Platform to Help Governments Test CBDCs

Payment giant Mastercard has unveiled a virtual platform that will enable central banks to assess and explore Central Bank Digital Currencies (CBDCs).

Russian Banks Seeks Help from China's UnionPay amid Crackdown from Mastercard & Visa
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Russian Banks Seeks Help from China's UnionPay amid Crackdown from Mastercard & Visa

In a bid to mitigate the strain on the users of these payment service providers, the Russian Central Bank said some of its indigenous financial institutions are looking at integrating UnionPay.

MetaMask Developer ConsenSys Challenges SEC's Proposed 'Exchange' Definition, Citing Blockchain Misunderstandings
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MetaMask Developer ConsenSys Challenges SEC's Proposed 'Exchange' Definition, Citing Blockchain Misunderstandings

Blockchain tech company ConsenSys, represented by lawyer Bill Hughes, has formally objected to the Securities and Exchange Commission's (SEC) Notice of Proposed Rulemaking (NPRM) concerning the redefinition of a securities "exchange".

Credit Giant MasterCard Grants Wirex First Principal Membership License
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Credit Giant MasterCard Grants Wirex First Principal Membership License

Wirex has become the first native cryptocurrency platform to be granted a principal membership license from credit giant Mastercard as part of their accelerated expansion into digital assets.

Mastercard Will Support Direct Cryptocurrency Payments on its Network this Year
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Mastercard Will Support Direct Cryptocurrency Payments on its Network this Year

Mastercard Inc has disclosed that preparations are underway to start supporting some cryptocurrencies directly on its network by the end of the year.

Mastercard to Float New Compliance Product alongside CipherTrace
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Mastercard to Float New Compliance Product alongside CipherTrace

Mastercard has partnered with its newly acquired subsidiary, CipherTrace, to launch a new product called Crypto Secure, helping banks assess the risk of crime associated with crypto merchants on its network.

Mastercard Amplifies Artist Exposure with Season 2 of Accelerator and Live Tour
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Mastercard Amplifies Artist Exposure with Season 2 of Accelerator and Live Tour

Mastercard's Artist Accelerator enters its second season, collaborating with OnesToWatch to empower emerging artists with live tours and Web3 tech mentorship.

SBI Digital Taps License to Operate in Singapore
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SBI Digital Taps License to Operate in Singapore

SBI Digital Markets, a subsidiary of SBI Group has announced it has been granted the Capital Markets Services (CMS) Licence from the Monetary Authority of Singapore.

Binance Faces Lawsuit Over Alleged Support for Hamas in Israel Attack
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Binance Faces Lawsuit Over Alleged Support for Hamas in Israel Attack

Three families of victims from the Hamas attack on Israel have filed a lawsuit against Binance, its former CEO Changpeng Zhao, Iran, and Syria, alleging their support for terrorism. The suit claims these parties provided substantial assistance to Hamas, spotlighting the challenges of regulating cryptocurrency in combating terrorism financing.

ConsenSys Completes $200M Funding Round at $3.2B Valuation
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ConsenSys Completes $200M Funding Round at $3.2B Valuation

ConsenSys, the blockchain startup behind the Metamask wallet has raised $200 million in new funding round, pushing its valuation up to $3.2 billion.

Coinbase Enters Singapore after Gaining Licence
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Coinbase Enters Singapore after Gaining Licence

Coinbase has entered the Singaporean market as it has gained approval from the central bank to offer its crypto services in the city-state.

Crypto.com Receives In-Principle Approval Tokens Permit from the MAS
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Crypto.com Receives In-Principle Approval Tokens Permit from the MAS

Digital currency trading platform Crypto.com has been granted the In-Principle Approval token permit from the Monetary Authority of Singapore (MAS) for its Major Payment Institution License.

MetaMask Developer ConsenSys Responds to European Banking Authority's Consultation on Anti-Money Laundering Measures
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MetaMask Developer ConsenSys Responds to European Banking Authority's Consultation on Anti-Money Laundering Measures

The European Banking Authority (EBA) has closed its public consultation on revising guidelines for money laundering and terrorist financing risk factors, extending the scope to include crypto-asset service providers (CASPs). ConsenSys, MetaMask's development lead, defended the EBA's approach, stating self-hosted wallets should not be considered a risk factor and praised the EBA's recognition of blockchain analytics' role in risk mitigation.

U.S. Intensifies Sanctions on Hamas, Targeting Crypto Assets
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U.S. Intensifies Sanctions on Hamas, Targeting Crypto Assets

The U.S. Treasury has imposed sanctions on Hamas, a Palestinian terrorist group, following their attack on Israel, focusing on their use of cryptocurrency assets. The sanctions include sanctions on officials, a Gaza-based crypto exchange, and individuals involved in Hamas' financial operations.

ConsenSys Acquires MyCrypto to Strengthen MetaMask and Enhance Product Security
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ConsenSys Acquires MyCrypto to Strengthen MetaMask and Enhance Product Security

The Ethereum software company ConsenSys has acquired the Ethereum interface MyCrypto, aiming to integrate MyCrypto with the MetaMask wallet owned by ConsenSys and improve the security of all products.

MetaMask Snaps Elevate Security and Interoperability in the Web3 Space
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MetaMask Snaps Elevate Security and Interoperability in the Web3 Space

MetaMask introduces security-focused Snaps, including collaborations with Tenderly and Sayfer, and extends functionality through integration with Hedera, marking a significant enhancement in wallet security and user experience.

Blockchain.com Obtains Digital Payment Token License in Singapore
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Blockchain.com Obtains Digital Payment Token License in Singapore

Blockchain.com has secured a Major Payment Institution License from Singapore's MAS, joining 3,427 licensed firms across banking, capital markets, and more.

Joint Sanctions by U.S., UK, Australia Target Hamas's Crypto Financing Networks
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Joint Sanctions by U.S., UK, Australia Target Hamas's Crypto Financing Networks

The U.S., UK, and Australia have imposed a fifth round of sanctions targeting Hamas's cryptocurrency transfer networks, aiming to disrupt the financial infrastructure that supports terrorist activities in Gaza.

Binance Exchange Floats Fixed Investment Function
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Binance Exchange Floats Fixed Investment Function

Binance has launched a new service that lets users automate their investment activities.

Binance to Withdraw its Singapore Operating License Application
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Binance to Withdraw its Singapore Operating License Application

Crypto trading platform Binance is allegedly considering the options of pulling its applications for a license to operate in Singapore.

Mastercard CEO Says Crypto Has a Long Way to go Before Going Mainstream
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Mastercard CEO Says Crypto Has a Long Way to go Before Going Mainstream

Mastercard CEO Michael Miebach says crypto has some hurdles to cross before going mainstream

Singaporean Company Launches World’s First Blockchain-Enabled Carbon Trading Exchange
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Singaporean Company Launches World’s First Blockchain-Enabled Carbon Trading Exchange

AirCarbon Pte, a Singaporean exempt private company, has established the first-ever blockchain-powered carbon trading exchange (CTX) that will permit corporate buyers and airlines to sell and purchase tokens subsidized by carbon offset credits.

FTX Users Lose Millions due to API Exploit
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FTX Users Lose Millions due to API Exploit

A new method of stealing crypto funds has rendered massive losses for FTX users.

Ticketmaster Partners with Flow Blockchain to Mint Live Event Ticket NFTs
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Ticketmaster Partners with Flow Blockchain to Mint Live Event Ticket NFTs

American ticketing company Ticketmaster announced that it will enhance the fan event experience through digital collectable NFTs, and will mint ticket NFTs for selected events on Dapper Labs' Flow blockchain, providing users with a new experience.

MetaMask Users Email Addresses Exposed in Cybersecurity Incident
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MetaMask Users Email Addresses Exposed in Cybersecurity Incident

MetaMask, the popular Ethereum wallet, experienced a cybersecurity incident that exposed the email addresses of some of its users who submitted a customer support ticket between August 1, 2021 and February 10, 2023. The breach may have affected up to 7,000 users and some of the customer support tickets included a free text field where users may have submitted personally identifying information. The company has taken steps to eliminate unauthorized access in the future and is working with a cybersecurity and forensics team to investigate the incident.

Mastercard Blockchain to Trace Produce for the Largest American Food Group
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Mastercard Blockchain to Trace Produce for the Largest American Food Group

Mastercard is collaborating with Envisible, a supply-chain company, to allow the traceability of the origin of food products via Mastercard's blockchain-based Provenance Solution.

OKX and Manchester City Captain İlkay Gündoğan Launch Football Masterclass in the Metaverse
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OKX and Manchester City Captain İlkay Gündoğan Launch Football Masterclass in the Metaverse

OKX, the world’s second-largest crypto exchange by trading volume and a leading Web3 technology company, today launched “Make Your Play”, an immersive metaverse experience in which fans can attend an exclusive tactical football masterclass from Manchester City captain İlkay Gündoğan.

Mastercard's CBDC Initiative: Ripple Joins as Key Partner in Digital Currency Evolution
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Mastercard's CBDC Initiative: Ripple Joins as Key Partner in Digital Currency Evolution

Mastercard launches a CBDC program with Ripple as a key partner, aiming to enhance digital currency interoperability and adoption globally.

Crypto Payment Provider Alchemy Pay to Launch Virtual Crypto-Linked Card Backed by Visa and Mastercard
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Crypto Payment Provider Alchemy Pay to Launch Virtual Crypto-Linked Card Backed by Visa and Mastercard

The leading crypto payment technology provider Alchemy Pay (ACH) announced that it will launch the Virtual Crypto-Linked card, aiming to expand the scope of cryptocurrency payments to meet the growing demand for crypto-related card transactions.

MetaMask Warns Investors Against Phishing Attempts by Scammers
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MetaMask Warns Investors Against Phishing Attempts by Scammers

MetaMask informed customers that it never emails account data or collects KYC information.

Arbitrum Bridge: A Comprehensive Guide
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Arbitrum Bridge: A Comprehensive Guide

The Arbitrum Bridge is a Layer 2 solution for Ethereum, enabling secure, cost-effective asset transfers to the Arbitrum network. It supports a wide range of assets and networks, ensuring robust security and providing comprehensive troubleshooting guides.

Coinbase Partners with DustAid for Crypto Donations During Christmas
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Coinbase Partners with DustAid for Crypto Donations During Christmas

A partnership forms between Coinbase and Dustaid, to donate Crypto to NSPCC, Little Edi Foundation, and Space for Giants.

MAS Pledges S$150 Million for Tech and Innovation in Finance including Web3
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MAS Pledges S$150 Million for Tech and Innovation in Finance including Web3

MAS commits S$150M for financial tech innovation, including Web3, under the FSTI 3.0 scheme, aiming to strengthen the sector's digital capabilities.

Bahamas’ Sand Dollar CBDC Begins Facial-Recognition Rollout to Authorize Mobile Payments
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Bahamas’ Sand Dollar CBDC Begins Facial-Recognition Rollout to Authorize Mobile Payments

Millions of Bahamas smartphone users have started using facial recognition technology to authenticate Sand Dollar CBDC payments made through smart devices.

Bahamas Looks to Deploy its CBDC The Sand Dollar Across Borders
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Bahamas Looks to Deploy its CBDC The Sand Dollar Across Borders

The Central Bank of the Bahamas (CBOB) has says it wants its digital currency dubbed the Sand Dollars integrated with other countries' currency.

Libra Association - Visa and MasterCard Have Second Thoughts
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Libra Association - Visa and MasterCard Have Second Thoughts

Libra internal struggles. Visa and MasterCard consider leaving.

The Bahamas Central Bank Digital Currency Will Be Rolled Out in October
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The Bahamas Central Bank Digital Currency Will Be Rolled Out in October

The Bahamas Central Bank has announced its CBDC, dubbed Sand Dollars, will be ready by next month for roll out.

Four Payment Operators Join in Suspending their Services in Russia amid Ukraine Crisis
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Four Payment Operators Join in Suspending their Services in Russia amid Ukraine Crisis

Four payment operators announce to suspend their payment services in Russia following the Russian invasion of Ukraine.

Sui Foundation Allocates Over $1M to 17 Emerging Projects
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Sui Foundation Allocates Over $1M to 17 Emerging Projects

The Sui Foundation has earmarked over $1.05 million for 17 new projects aimed at bolstering the development and adoption of Sui. This initiative encompasses a wide range of sectors within the Sui ecosystem, including DeFi, gaming, and on-chain solutions, showcasing the foundation's dedication to fostering innovation and expanding the decentralized platform.

Mastercard and GrainChain Bring Blockchain Provenance to Commodity Supply Chain in Americas
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Mastercard and GrainChain Bring Blockchain Provenance to Commodity Supply Chain in Americas

Mastercard has announced a partnership with GrainChain, a blockchain-based supply chain management firm to enhance the commodity supply chain in the Americas

XRP Money Flows Into Bitcoin Fueling Parabolic Christmas Price Surge, Is $30,000 BTC Price Next?
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XRP Money Flows Into Bitcoin Fueling Parabolic Christmas Price Surge, Is $30,000 BTC Price Next?

Bitcoin (BTC) price has been on a parabolic bull run since the lead up to Christmas, adding over 50% to its value. But what is driving the price and is $30,000 next?

Crypto Exchange OKX Opens Regional Office in the Bahamas
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Crypto Exchange OKX Opens Regional Office in the Bahamas

OKX Exchange has created a new offshoot in the Bahamas after being registered

Mastercard to Enable Payments for NFTs, Web3
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Mastercard to Enable Payments for NFTs, Web3

Mastercard has announced that the payment firm is working to enable NFT commerce with Immutable X, Candy Digital, The Sandbox, Mintable, Spring, Nifty Gateway, and Web3 infrastructure provider MoonPay.

Top 4 Platforms to Purchase Christmas Gifts With Bitcoin
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Top 4 Platforms to Purchase Christmas Gifts With Bitcoin

As the yuletide season is fast approaching, one of the most predominant thoughts on the minds of many people is the kind of gift to get for loved ones. Being a season of giving, there is no surprise that given that the usability of cryptocurrencies keeps increasing over the years, websites accepting cryptocurrencies have been on the rise as well.

Christmas Market Could See Santa Rally Drive Ethereum, XRP Prices Higher and Bitcoin to $20K
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Christmas Market Could See Santa Rally Drive Ethereum, XRP Prices Higher and Bitcoin to $20K

The Bitcoin price gained 160% since the start of 2020, triggering triple-digit increases in cryptos like Ethereum (ETH) and Ripple’s XRP, but here comes the Santa Rally

MAS Shortlists 15 Firms to Help Pilot its CBDC Program
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MAS Shortlists 15 Firms to Help Pilot its CBDC Program

15 candidates have been chosen to continue vying for the role to help deploy Singapore's CBDC program

Visa Joins Mastercard and PayPal in Turning Bullish for Crypto and Digital Currencies
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Visa Joins Mastercard and PayPal in Turning Bullish for Crypto and Digital Currencies

Shortly after Mastercard showed its hand on its stance on cryptocurrency, Visa published a blog announcing that the payments giant is advancing its approach towards digital currency. PayPal was recently rumored to have partnered with Paxos to provide crypto trading services.

Tyler Winklevoss Predicts $500K BTC price as MassMutual Insurance Giant Buys up $100 million in Bitcoin
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Tyler Winklevoss Predicts $500K BTC price as MassMutual Insurance Giant Buys up $100 million in Bitcoin

MassMutual Insurance buys up $100 million in BTC for its portfolio, and Bitcoin billionaire Tyler Winklevoss appears to be gaining confidence in his $500,000 per BTC prediction.

MetaMask to Offer its Users NFT Price Tracking in Collaboration With NFTBank
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MetaMask to Offer its Users NFT Price Tracking in Collaboration With NFTBank

MetaMask and NFTBank have collaborated to launch an NFT price-tracking product for the wallet's users

Metamask Tops 10M Active Users as NFT Mania Continues
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Metamask Tops 10M Active Users as NFT Mania Continues

Popular crypto wallet, Metamask has surpassed 10 million Monthly Active Users as powered by NFT growth.

US Government Seize Bitcoin Terrorism Funding for Islamic State and Al-Qaeda
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US Government Seize Bitcoin Terrorism Funding for Islamic State and Al-Qaeda

The US Justice Department has revealed that it has seized cryptocurrency worth millions of dollars intended to fund the activities of terror groups like the military arm of Hamas, the Islamic State, and Al-Qaeda. This breakthrough is the largest clampdown on online terrorist fundraising,

Singapore’s Financial Regulator Puts Binance On Investor Alert List
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Singapore’s Financial Regulator Puts Binance On Investor Alert List

The Monetary Authority of Singapore (MAS) has placed Binance exchange on investor alert list, a measure that aims to tell consumers that the exchange is not authorized to offer trading services in the country.

The Bahamas Regulator Denies Requesting FTX To Manufacture New Tokens
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The Bahamas Regulator Denies Requesting FTX To Manufacture New Tokens

The allegations made by FTX debtors have been rejected by the Securities Commission of The Bahamas (SCB), which also expresses worry over the fact that the inquiry has been hampered. The Securities and Exchange Commission (SCB) had to issue a statement on January 3 clarifying that it had to address significant misstatements made by John J. Ray III. According to the attorneys for FTX, the government of the Bahamas is said to have demanded that Sam Bankman-Fried, the former CEO of FTX, launch a new cryptocurrency that would be controlled by local authorities.

Crypto Trading Robot Platform 3Commas Raises $37m in Series B Funding
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Crypto Trading Robot Platform 3Commas Raises $37m in Series B Funding

3Commas announced the completion of a $37 million Series B financing. The new funding would be used for advancing its trading automation and the portfolio management technology ecosystem.

Mastercard Enables USDC Spending in Asia
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Mastercard Enables USDC Spending in Asia

Mastercard has partnered with Stables to allow retail customers in the Asia-Pacific region to spend and save USDC through its network. Meanwhile, worldwide banking turmoil has not slowed the blending of traditional and decentralized finance (DeFi). Global payment provider Mastercard has expanded its partnership with the Australian stablecoin platform, Stables, to enable retail customers in the Asia-Pacific region to spend and save USDC anywhere Mastercard is accepted. The wallet will accept deposits in several stablecoins, including Tether (USDT) and Binance USD (BUSD), with all deposits automatically converted into USDC. This move comes as worldwide banking turmoil and regulatory crackdowns continue to impact the crypto space.

Coinbase Legal Chief Urges Swift US Crypto Legislation Amid Israel-Hamas Tensions
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Coinbase Legal Chief Urges Swift US Crypto Legislation Amid Israel-Hamas Tensions

Coinbase's Chief Legal Officer, Paul Grewal, emphasized the importance of preventing cryptocurrency misuse and advocated for sensible crypto legislation in the US amidst geopolitical unrest involving Israel and Hamas. Grewal highlighted Coinbase's proactive measures like KYC checks and law enforcement partnerships to curb illicit activities on its platform. The discourse also spurred reactions from the crypto community regarding asset seizures and the role of other crypto exchanges like Binance.

Mastercard Launches Web3 Crypto Solution
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Mastercard Launches Web3 Crypto Solution

Mastercard has launched a Web3 solution called the "Mastercard Crypto Credential" aimed at improving user verification standards in the digital asset space. The solution offers users a unique identifier, helping them to verify that an address has been vetted by Mastercard and operating in compliance with the firm's standards. Partnerships with crypto wallet providers and blockchains were also announced.

Binance to Delist SGD Trading Pairs Amid Tightened Regulatory Scrutiny
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Binance to Delist SGD Trading Pairs Amid Tightened Regulatory Scrutiny

Binance is set to limit all trading pairs involving the Singapore Dollar following the warning from the country's regulator.

Circle Formally Refutes Allegations of Illicit Financing and Connections to Justin Sun
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Circle Formally Refutes Allegations of Illicit Financing and Connections to Justin Sun

Circle denies CfA's allegations of illicit financing and Justin Sun ties, emphasizing regulatory compliance and advocating for stronger stablecoin laws, as clarified by Dante Disparte.

Mastercard CEO Answers: The Reasons Behind Leaving Facebook’s Libra Association
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Mastercard CEO Answers: The Reasons Behind Leaving Facebook’s Libra Association

Mastercard’s CEO, Ajay Banga, stated the reasons behind the company leaving Facebook’s Libra Association in an interview with the Financial Times. Having left the Libra Association in October last year alongside Visa and other firms, the Libra Association has seen eight firms quitting the project.

MetaMask's New Beta Portfolio dApp to Provide All-In-One Access to Cryptos, NFTs
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MetaMask's New Beta Portfolio dApp to Provide All-In-One Access to Cryptos, NFTs

MetaMask has launched a beta portfolio dApp that allows users to have an overview of their cryptos and NFT in one place.

World First Crypto Bank Sygnum Receives Approval To Offer Banking Services In Singapore
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World First Crypto Bank Sygnum Receives Approval To Offer Banking Services In Singapore

Sygnum has been granted approval by the Monetary Authority of Singapore (MAS) to operate digital markets/banking services in the country

The Future of the Financial Sector Will Rely on Blockchain, Says Singapore’s Fintech Chief
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The Future of the Financial Sector Will Rely on Blockchain, Says Singapore’s Fintech Chief

Sopnendu Mohanty, the Chief Fintech Officer of the Monetary Authority of Singapore (MAS) spoke at a panel at Blockshow Asia 2019 held at the Marina Bay Sands Convention Center last week. In his panel on the topic of: “All that fintech with a layer of blockchain,” he explains the MAS’ role for blockchain adoption in Singapore and in Asia.

Singapore's Central Bank Paves the Way for Regulatory Oversight of Cryptocurrency Derivatives Trading
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Singapore's Central Bank Paves the Way for Regulatory Oversight of Cryptocurrency Derivatives Trading

The Monetary Authority of Singapore (MAS) has revealed regulatory plans to permit the trading of cryptocurrency derivatives on select platforms. This oversight strategy is being fronted because investors are considerably favoring these products.

Monetary Authority of Singapore Sets Up New Institute of Digital Finance for Boosting Fintech and Digital Asset Research
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Monetary Authority of Singapore Sets Up New Institute of Digital Finance for Boosting Fintech and Digital Asset Research

The Monetary Authority of Singapore (MAS) has teamed up with the National Research Foundation, and the National University of Singapore to set up a research institute that will develop and support the needs of digital financial services in Asia.

Binance Reaching a Larger User Base by Applying for Singapore’s New Crypto License
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Binance Reaching a Larger User Base by Applying for Singapore’s New Crypto License

Crypto exchange Binance has applied for a license in Singapore under the country’s Payment Services Act, a new framework that came into effect on Jan. 28.

Singapore’s Central Bank Raises Alarm About a Bitcoin Scam
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Singapore’s Central Bank Raises Alarm About a Bitcoin Scam

Singapore’s Central Bank enlightens the public about a Bitcoin Scam with a supposed initiative known as Bitcoin Loophole where investors’ trades are run.

Intercontinental Exchange Plans to Launch Bakkt Bitcoin USD Cash Settled Monthly Futures
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Intercontinental Exchange Plans to Launch Bakkt Bitcoin USD Cash Settled Monthly Futures

Singaporean Intercontinental Exchange (ICE) announced its plan to launch the Bakkt Bitcoin (USD) Cash Settled Monthly Futures, the first well-regulated futures platform for cryptocurrencies, on December 9.

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