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2024-02-23 11:56:22 South Africa advances financial inclusion with crypto and digital payment reforms

South Africa announced plans to weave digital payments and crypto into its financial fabric to boost the economy for marginalized groups. The announcement was made in the country’s 2024 budget and underlines the government’s drive to build a digital economy through active collaborations between public and private sectors to enhance financial innovation. The budget targets enhancing access to digital payments for people in townships and rural areas who predominantly handle cash.

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2024-02-22 19:51:24 Bitcoin ETF Approval Comparable to 'Naked Emperor’s New Clothes,’ ECB Officials Say

The U.S. securities watchdog's approval of multiple funds and the billions of dollars that have poured in since doesn’t change the fact that bitcoin is an all-around lousy investment and clunky means of payment, ECB Director General for Market Infrastructure and Payments Ulrich Bindseil and Advisor Jürgen Schaaf wrote in a Thursday blog post. Meanwhile, the ECB has been heads down on building and promoting a digital euro – a trusty central bank-issued currency that could offer a secure alternative to rogue private crypto.

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2024-02-22 11:55:57 Tether won’t confirm or deny if it’s dropping USDT on Tron

Stablecoin issuer Tether didn’t provide a definitive answer on whether or not it would cease support for the Tron network after its rival Circle ceased minting its stablecoin on the blockchain on Tuesday. “Tether tokens are issued on several blockchains, which are simply transport layers for such tokens,” Tether said in a statement to Cointelegraph when asked for comment about Circle and whether Tether was considering a similar move.

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2024-02-21 20:56:08 Exchange: KuCoin

New Trade for #ODDZ/USDT (Chart: 4 Hour TF)

ODDZ/USDT Looks good on 4 Hour time frame moving trendline support price has taken reversal several times from here. Also on a Breakout.

Entry: $0.01529 - $0.001383

Target 1 : 0.01606
Target 2 : 0.01684
Target 3 : 0.01842
Target 4 : 0.01993
Target 5 : 0.02301

SL : 0.01297

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2024-02-21 19:07:01 Bitcoin ETFs attract more than $5 billion in net inflows since market debut

The financial landscape of Bitcoin ETFs saw considerable inflows on Feb. 20, as reflected in recent data from BitMEX, with an influx of $136 million, the equivalent of 2,606 BTC. BlackRock IBIT is at the helm, with an additional inflow of $154 million, raising BlackRock IBIT’s total net inflows to an impressive $5.5 billion. BitMEX data shows that GBTC experienced a significant outflow of $137 million, pushing their total net outflows to a staggering $7.1 billion.

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2024-02-20 20:06:10 UK Minister Expects Stablecoin and Staking Legislation Within Six Months: Bloomberg

A U.K. minister has signaled a fresh commitment to introduce stablecoin and other crypto-related legislation to the country this year. Economic Secretary to the Treasury Bim Afolami said that the U.K. government was "pushing very hard” to bring legislation around stablecoins and crypto staking services within the next six months, according to a Bloomberg report.

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2024-02-20 10:11:15 Top wirehouses will become involved with spot Bitcoin ETFs, Galaxy executive says

A representative from Galaxy has predicted that spot Bitcoin ETFs will gain further adoption in the coming months, as reported by FOX Business on Feb. 19. She noted that some advisers are not currently allowed to recommend spot Bitcoin ETFs to clients because their firms must first perform due diligence on the products and their market performance. Current restrictions seemingly leave room for the future institutional adoption described above.

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2024-02-19 19:51:36 Crypto funds hit $2.5 billion weekly inflow record amid growing spot Bitcoin ETF interest

Crypto funds at asset managers such as BlackRock, Bitwise, Fidelity, Grayscale, ProShares and 21Shares registered record inflows totaling $2.45 billion globally last week, according to CoinShares’ latest report. Combined with recent price increases, assets under management at the crypto investment firms now stand at $67 billion — the highest level since December 2021 amid the peak of the last bull market — CoinShares Head of Research James Butterfill wrote.

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2024-02-11 20:16:28 FTX plans sale of Digital Custody for $500K in bankruptcy move

The FTX debtors estate, led by CEO John Ray III, has filed to sell Digital Custody to CoinList for a significant markdown of $500,000, with financing provided by DC’s original CEO and seller, Terence Culver. FTX initially purchased Digital Custody for $10 million. However, DC was not fully integrated into the FTX ecosystem before former CEO Sam Bankman-Fried filed for bankruptcy in November 2022, three months after acquiring DC.

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2024-02-11 13:46:57 New Trade for #RLC/USDT (Chart: 4 Hour TF)

RLC/USDT Looks good on 4 Hour time frame in strong demand zone price reversal many times from this region. Also on breakout

Entry: $2.236 - $2.082

Target 1 : 2.306
Target 2 : 2.377
Target 3 : 2.441
Target 4 : 2.643
Target 5 : 2.917

SL : 1.997

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