Crypto
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Stablecoin pegged to Hong Kong dollar unveiled
Jingdong Coinlink Technology Hong Kong Limited unveils its plan to issue a Hong Kong dollar stablecoin, aiming for secure and cost-effective payment solutions while adhering to regulatory requirements. Source link
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CryptoSlam founder says new SlamNet ecosystem aims to solve Web3 fragmentation
CryptoSlam founder and CEO Randy Wasinger believes Web3 is becoming too fragmented for developers and users and plans to solve the issue with a new platform. Source link
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dYdX v3 website recovers after DNS attack, users warned to delete cache
The exchange warned users to clear their browser’s cache before visiting the website to avoid accidentally caching the compromised version. Source link
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Mt. Gox transfers $335M in Bitcoin to Bitstamp, unknown wallet
Mt. Gox transferred 5,106 BTC to Bitstamp and an unknown address, with 2,869 BTC rapidly moving through multiple wallets. Source link
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ETH traders should now ‘expect the unexpected’ after ETF launch
Crypto analysts argue past performance won’t help predict Ether’s prices anymore and that Ether has “all the elements to rally like it has never seen before.” Source link
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Mt. Gox shifts $2.5B in Bitcoin to unknown wallet, repayments top 40%
Mt. Gox transferred 37,477 BTC to a new wallet, while data shows that 40% of creditor repayments have now been distributed. Source link
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Hex Trust gets initial nod for payment institution license in Singapore
Hex Trust previously obtained a license for custody services in Singapore, but a recent legislative amendment placed these firms under a new licensing scope. Source link
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Citi upgrades Coinbase shares to ‘buy’ citing ‘shifting’ US politics
Analysts from Citi Group said a potential “crypto-friendly” administration and growing revenues are bullish catalysts for Coinbase shares. Source link
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Google parent Alphabet profit surges 29% in Q2 amid AI splurge
The firm’s CEO, Sundar Pichai, said its AI products have already generated “billions” in revenue from its cloud business. Source link
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Senator Cynthia Lummis releases report attacking Biden’s mining tax
The pro-crypto senator claimed that Bitcoin mining consumes as much energy as household appliances such as tumble dryers. Source link
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