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In recent news, Hong Kong’s financial regulators have completed a consultation period regarding a licensing program initiative for fiat-referenced stablecoin (FRS) providers. This initiative has garnered significant attention from various stakeholders, including market participants, industry associations, and professional organizations. The Monetary Authority (HKMA) and the Financial Services and Treasury Bureau (FSTB) jointly announced this significant
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In recent times, XRP has stood out as one of the top-performing cryptocurrency assets as the market experiences a gradual recovery. The digital asset managed to reach $0.62, a price level not seen since March, showcasing its resilience and potential for growth. Over the past week, XRP has seen an impressive increase of over 40%,
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In the volatile world of cryptocurrency, Bitcoin recently experienced a significant price surge, reaching $66,000 for the first time in approximately a month. This uptick follows a tumultuous period where the price of Bitcoin plummeted to a three-month low of under $54,000 on July 5. However, since then, the digital asset has managed to bounce
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Delabs Games, a prominent South Korean game development company, has recently unveiled their latest creation: Giga Chad Bat. This clicker game, centered around baseball, is now available on the popular messaging platform Telegram. With a focus on Web3 capabilities and user engagement, Giga Chad Bat aims to make a mark in the competitive world of
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Over the past seven years, there has been a significant uptick in lobbying expenditures in the crypto industry, as highlighted by a recent study from Social Capital Markets. The study reveals a staggering 1,386% increase in lobbying spend by crypto companies, skyrocketing from $2.72 million in 2017 to $40.42 million in 2023. This exponential growth
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The decentralized finance (DeFi) platform LI.FI protocol recently fell victim to a major exploit, resulting in a loss of over $8 million. Reports from Cyvers Alerts indicated the detection of suspicious transactions within the LI.FI cross-chain transaction aggregator, leading to the confirmation of the breach by LI.FI on July 16. The team advised users to
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