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Standard Chartered Bank Begins Offering Digital Yuan Exchange Services in China

Standard Chartered Bank Participates in Digital Yuan Pilot Standard Chartered Bank (China) Ltd. has recently announced that it is now offering digital yuan exchange services to customers, making it one of the first foreign banks to participate in China's central bank digital currency (CBDC) pilot. With its long-standing presence in the Chinese market for 165

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Robert Kiyosaki Urges Investors to Get into Bitcoin and Ditch Fiat Money

Introduction Renowned author Robert Kiyosaki, famous for his book "Rich Dad Poor Dad," has once again advised investors to embrace alternative investments such as gold, silver, and bitcoin while urging them to ditch fiat currency. Kiyosaki has been a vocal advocate for these assets and believes that workers and savers in U.S. dollars are at

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The Remarkable Growth of Stablecoins in the Market

Stablecoins Experience Multi-Billion-Dollar Market Expansion in Three Weeks In recent weeks, the market value of leading stablecoins has surged, signaling a significant growth in the economy of these fiat-pegged tokens. The market has witnessed a remarkable increase from $123.66 billion to the current $129.14 billion, amounting to nearly $6 billion. This growth comes after the

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ECB Chief Christine Lagarde Reveals Her Son’s Crypto Investment Despite Warnings

Lagarde's Son Ignored Her Advice About Crypto Investing The president of the European Central Bank (ECB), Christine Lagarde, recently shared that her son went against her advice and invested in cryptocurrency. Lagarde revealed during a town hall with students in Frankfurt that her son experienced a loss of approximately 60% on his investment. Despite this

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Poloniex Hack Analysis: North Korean Hacking Syndicate Lazarus Group Suspected in Wallet Breach

Introduction The recent breach of the hot wallet at Poloniex, a popular crypto exchange, is suspected to be the work of the Lazarus Group, a hacking syndicate backed by North Korea. This analysis is based on observations made by market research platform X-explore, which noted similarities between the tactics used in this attack and a

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Singapore High Court Orders Liquidation of Hodlnaut, Providing Reimbursements to 17,000 Customers

The Singapore High Court has made a significant decision regarding Hodlnaut, a crypto lender, by ordering its liquidation. The court's objective is to ensure that the company's 17,000 customers are reimbursed following the aftermath of Terra's decline and Hodlnaut's subsequent $193 million deficit. Hodlnaut, a Crypto Lender, Faces a $193M Shortfall Hodlnaut encountered difficulties when

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US Prosecutors Seek to Keep Binance’s Former CEO in the Country Amid Flight Risk Concerns

Prosecutors Urge Court to Restrict Ex-Binance CEO's Travel In light of the recent settlement between the U.S. Department of Justice and Binance, the world's largest cryptocurrency exchange, federal authorities are adamant that the exchange's former CEO, Changpeng Zhao (CZ), should remain in the United States until his sentencing in February 2024. Concerns Over Flight Risk

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Gold: A Promising Seasonal Rally and the Evolution of Currency

Introduction As we approach Thanksgiving, we would like to extend our gratitude to all our readers for their unwavering support throughout the year. On this joyous occasion, we wish you a delightful celebration filled with happiness and blessings. Now, let's delve into the exciting news of the week: gold's impressive performance and its implications for

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