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A former official from Brazil's central bank has introduced a new stablecoin pegged to the Brazilian real, designed to offer yield sharing to its users. This stablecoin aims to provide a more stable and secure digital asset for transactions while allowing holders to earn returns on their investments.
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Barclays has made a strategic investment in Ubyx, a US-based stablecoin startup, as part of its efforts to expand its presence in the cryptocurrency market. Ubyx aims to create a regulated stablecoin that can facilitate seamless transactions and enhance financial services. The investment aligns with Barclays' broader strategy to
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Filecoin's value has decreased as the broader cryptocurrency market experiences a downturn. The decline is attributed to various factors, including regulatory concerns and market volatility. Analysts suggest that the overall sentiment in the crypto space is bearish, impacting many digital assets, including Filecoin. Despite its recent struggles, some
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Bitcoin's price experienced a slight decline, dropping below $27,000 amid ongoing market volatility. Ethereum also faced a downturn, with its value falling alongside Bitcoin. Regulatory discussions in the U.S. continue to impact investor sentiment, as lawmakers debate potential legislation affecting the crypto industry. Additionally, several altcoins
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The U.S. Securities and Exchange Commission (SEC) is now entirely composed of Republican commissioners, which is expected to lead to more favorable regulations for the cryptocurrency industry. With a pro-crypto stance anticipated, the SEC is set to begin rulemaking processes in 2026 that could reshape the regulatory landscape for
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Bitcoin's price has declined despite a positive update from MSCI, which indicated a bullish outlook for cryptocurrencies. The MSCI report highlighted growing institutional interest and the potential for Bitcoin to become a mainstream asset. However, market sentiment was affected by macroeconomic factors, including rising interest rates and regulatory
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Ethereum has implemented a significant scaling adjustment aimed at increasing its data capacity. This update allows for more efficient processing of transactions and enhances the network's overall performance. The change is part of ongoing efforts to improve scalability and reduce congestion on the Ethereum blockchain. As a result,
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Metplanet has reached a three-month high in valuation relative to its Bitcoin holdings following a favorable decision by MSCI. The MSCI's inclusion of Metplanet in its index has boosted investor confidence, leading to increased demand for the company's assets. This positive sentiment has resulted in a
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US bankers have raised concerns that workarounds for stablecoin yields could undermine traditional local lending practices. They argue that the increasing popularity of stablecoins, which offer higher returns than conventional savings accounts, may divert funds away from banks. This shift could weaken the banks' ability to provide loans and
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Barclays has made a strategic investment in a stablecoin settlement firm, highlighting the growing interest in tokenized financial infrastructure. This move aligns with the bank's efforts to explore innovative payment solutions and enhance its digital offerings. The investment reflects a broader trend among traditional financial institutions to engage
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Lloyds Bank has successfully completed the UK's first gilt purchase using tokenized deposits, marking a significant milestone in the integration of blockchain technology within traditional finance. The transaction involved the purchase of government bonds, known as gilts, using digital tokens that represent deposits. This innovative approach aims to
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Musk's xAI has successfully raised $20 billion in funding, with significant backing from tech giants Nvidia and Cisco. The investment aims to advance xAI's mission of developing artificial intelligence technologies. This substantial capital infusion positions xAI as a key player in the AI landscape, leveraging Nvidia&