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2021-08-15 10:52:29 Honor, a Chinese smartphone company, has released the first Snapdragon smartphone to support the digital yuan.
The hardware development marks another step on the People's Bank of China's CBDC journey.
The Magic 3, which is built on the 888 chip, will be able to a hold a digital yuan wallet. It will also boast hardware-level security.

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2021-08-14 16:55:04 Taxbit, a crypto tax software developer, has reached a valuation of $1.33B thanks to a recent funding round.
The company secured $130M from the Series B funding round, which was led by IVP and Insight Partners. Contributors included Tiger Global, Sapphire Ventures and Madrona Venture Group.
Taxbit intends to use the money to scale its tax and accounting infrastructure, on top of opening up new offices in the US and the UK.

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2021-08-14 11:49:02 Fortune, a business magazine, has made $1.3M+ selling NFT versions of its most recent cover art.
The limited edition NFTs were based off the cover of the August/September issue, which was crypto focussed. They were auctioned off on OpenSea for a grand total of 429 ETH, with some now up for resale at much higher prices.
Robert Hackett, technology editor of the magazine, stated that half of the NFT proceeds would go to charitable organisations.

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2021-08-14 02:24:22 Binance has stated that it will no longer allow trading and payments to take place using the South Korean won, meaning that any trading pairs using the currency will be taken off the site.
On top of this, Binance will no longer offer Korean language support.
Although it is unclear why Binance has made the manoeuvre, it should be noted that South Korea's Financial Intelligence Unit has recently warned of potential criminal charges for unregistered crypto exchanges.

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2021-08-14 02:23:36 The hacker behind the recent $610M Poly Network attack has given back nearly all of the money.
Despite being offered a $500K bounty, the hacker chose to return the funds he stole from the DeFi network instead. The money, which the hacker was able to secure due to a vulnerability between contract calls, has been put into a wallet that can be accessed by the Poly team.
The hacker, who has spoken to members of the Poly Network through embedded messages in ETH transactions, reportedly only did the hack for fun.

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2021-08-13 17:04:37 Titan, an American investment adviser, has launched a new crypto service aimed at US retail investors.
The offering is named Titan Crypto and involves making long-term investments in a small number of leading digital currencies. Investors' portfolios will be managed by a crypto-focussed team within the advisory service.
Titan Crypto will be accessible to all US citizens, with the exception of those living in NY state.


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2021-08-13 12:04:08 Congestion on the Ethereum network has resulted in a crypto casino site grinding to a halt.
Users will be temporarily unable to access KingTiger Casino, according to an announcement made by the site. The announcement cited the network congestion and highlighted how it prevented their games from running in their present format.
Users will, however, still be able to withdraw funds from their digital wallets, and the site is currently looking into new ways to allow its crypto games to function.

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2021-08-13 09:54:38 Argentinian football player Lionel Messi has reportedly included crypto fan tokens in his new contract.
As he moves from Barcelona to Paris Saint-Germain on a new two-year contract, Messi will receive a financial package that incorporates both crypto tokens and a staggering amount of money.
As a result of his decision, $PSG trading volumes on Socios have increased significantly, with the figure at $1.2B in the days leading up to his transfer.

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2021-08-13 09:54:12 The brokerage arm of DBS Bank has obtained approval in principle to offer crypto services in Singapore. The approval comes from the country's Monetary Authority, under its Payment Services Act.
DBS Vickers is hoping to be able to offer its digital asset services to asset managers as well as businesses. A license will be required for it to function in this way, but once it has been acquired the bank will be able to provide aid to its clients through the DBS Digital Exchange.
As one of the few companies to gain such approval, DBS has highlighted its intentions to ensure it meets any requirements set out by the MAS.

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2021-08-12 14:32:44 Samsung is reportedly going to be involved in the testing phase of South Korea's CBDC.
Working alongside the Bank of Korea, Samsung will use their Galaxy smartphone to test the currency's mobile capabilities.
The electronics company will be particularly focussed on establishing whether payments can be made via mobile if the phone does not have an internet connection, as well as looking into remittances.

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