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Day: December 8, 2021

Cryptocurrency Exchange Huobi Global to Leave China This Month

Digital asset exchange Huobi Global has revealed its intention to exit the Chinese Market. The crypto trading platform with Chinese roots said it will stop processing transactions for existing users on the mainland by the end of the year. Huobi Global Halts Services in the People’s Republic Crypto exchange Huobi Global is going to discontinue …

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Ubisoft Launches Digits, the First AAA-level Game Energy-saving NFT

Rennis, France-based Ubisoft, a video game developer and publisher launches a platform called “Digits” on its own Ubisoft Quartz NFT platform, stepping into the field of encrypted NFT. The game titan said it will launch a Ghost Recon Breakpoint beta version for PC players on Ubisoft Connect this week. The official Twitter claims to bring the first energy-saving …

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Dogecoin and Ether rank in top 10 news searches on Google in 2021

Dogecoin was the fourth-most popular news on Google in 2021 both globally and in the United States. Major cryptocurrencies Ether (ETH) and Dogecoin (DOGE) made the list of the world’s most searched terms in 2021 on Google On Tuesday, Google released its traditional annual list of the top searches for the year, breaking them down into several …

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$11 Billion Added to Stablecoin Economy in 10 Days, UST and OUSD Issuance Swells

During the last week of November, the stablecoin economy had crossed the $150 billion mark for the first time with tether and usd coin dominating the pack. In a mere ten days, the stablecoin economy gathered another $11 billion in value with origin dollar and terra usd swelling significantly during the last 30 days. $11 …

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Visa Launches Crypto Advisory Services for Banks as Demand for Digital Assets Grows

“Every bank should have a crypto strategy,” Visa argues. Payments giant Visa has formed a global crypto advisory practice to help financial institutions develop their cryptocurrency businesses as demand for various crypto products continues to grow, the company said in a statement. “We think it’s a critical role for Visa to play to help be …

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FIDELITY TO OFFER BITCOIN-BACKED LOANS THROUGH NEXO

Lending institution Nexo has teamed up with the custodian to explore innovative products and tri-party lending agreements to institutional investors. Lending firm Nexo has partnered with institutional custodian Fidelity to bring professional bitcoin products to market, the company said in a statement Tuesday. The lender will leverage Fidelity’s enterprise-grade infrastructure to expand institutional access to its prime …

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AOC Says She Doesn’t Hold Bitcoin so the Lawmaker ‘Can Do Her Job Ethically’

Alexandria Ocasio-Cortez, otherwise known as AOC, is a New York representative well known for her political stances and statements. The Democrat believes that it is “absolutely wild” that U.S. representatives can buy and swap popular stocks. AOC also thinks it’s not ethical for members of Congress to own cryptocurrencies. AOC Doesn’t Hold Crypto Because She …

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Amex, Visa, Citi, Paypal Invest in Crypto Transaction Monitoring and Forensics Platform

American Express’ Amex Ventures, Visa, Citi Ventures, DRW Venture Capital, Jump Capital, Marshall Wace, Block (formerly Square Inc.), and Paypal Ventures are among investors in the latest funding round of crypto transaction monitoring and forensics platform TRM. Amex, Visa, Citi, Paypal Invest in TRM Platform Crypto transaction monitoring and forensics platform TRM announced Tuesday investments …

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Japan’s Financial Regulator Proposes New Legislations, Limiting Stablecoin Issuance to Banks

On Monday, December 6, Japan’s Financial Services Agency (FSA) announced that it will propose legislation in 2022 that seeks to limit the issuance of stablecoin to banks and wire transfer companies. The major financial market regulator stated that limiting the stablecoin issuances will assist in reducing down risks, as banks have the responsibility of protecting customers assets …

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Survey says crypto popular holiday gift for Americans — NFTs not so much

Bitcoin, Dogecoin and Ether lead the list as the most popular cryptocurrencies Americans plan to gift during the holiday season. Cryptocurrencies like Bitcoin (BTC), Dogecoin (DOGE) and Ether (ETH) are set to become the gift of choice for people of the United States, a new study by crypto lending firm BlockFi revealed. Conducted in October …

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