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    Blockchain

    Crypto Derivatives Exchange Bitget Makes KYC Necessary for New Users

    Cryptocurrency derivatives exchange Bitget announced revised Know Your Customer (KYC) requirements to ensure compliance with global regulatory standards. 

    Tokenized Stocks Pioneer Dinari Earns Regulatory Green Light

    Blockchain-based stock trading platform Dinari has obtained regulatory approval to tokenize stocks.

    China Wants To Implement Social Credit System With Digital IDs In The Metaverse

    A new report suggests that China is pushing proposals aiming to transplant its traditional social credit system to the metaverse as it seeks to establish greater control.

    Crypto Exchange Gemini Requests Federal Judge to Dismiss SEC Lawsuit

    The Winklevoss twins' crypto exchange Gemini has filed a response to the US Securities and Exchange Commission (SEC) lawsuit, seeking the dismissal of allegations over unregistered securities.

    BRICS Digital Currency ‘Could Launch in 5-10 Years,’ Experts Claim

    Experts in Brazil think BRICS leaders will agree to launch a digital fiat for the bloc at a summit next week.

    ‘Crypto Debt’ Drove South Korean College Student to Armed Robbery

    A South Korean man has been handed a suspended jail term of almost three years after he was found guilty of armed robbery “to clear a crypto debt.”

    Ethereum Layer-2 Arbitrum Sustains Growth and User Influx Following ARB Airdrop, Total Assets Reach $5.77 Billion: Report

    Per Nansen's Arbitrum Quarterly Report for Q2 2023, the Arbitrum (ARB) airdrop on March 23, 2023, led to a peak in users and transactions. Following the ARB airdrop, daily transactions and user numbers have consistently exceeded the chain's past averages.

    Legal Action Contemplated by Binance Following Termination of Partnership with Checkout.com

    On August 17, Binance, the world's largest cryptocurrency exchange, received notification from payment processor Checkout.com about the termination of their contract due to regulatory concerns. 

    North Korean Attackers Have Stolen $200 Million Across 30 Crypto Heists in 2023: TRM Labs

    A new report from blockchain analytics firm TRM Labs noted that North Korean hackers have stolen more than $2 billion in cryptocurrencies in the past five years. It estimated around $200 million in crypto heists this year alone.

    Coinbase Halts USDT Trading for Canadian Users Starting August 31

    In an email dated August 17, Coinbase, a cryptocurrency exchange, revealed its decision to halt trading of Tether USDT, Dai DAI, and RAI stablecoins for Canadian users starting August 31.

    SpaceX Reports $373 Million Bitcoin Write-Down in Financial Documents

    Elon Musk’s SpaceX is among many alleged culprits behind a seismic crypto market crash on Thursday, which has triggered over $1 billion in liquidations over the past 24 hours. Here's the latest.

    Mastercard Launches Forum for Crypto Industry Players to Discuss CBDCs

    Payments giant Mastercard has established a forum to facilitate discussions and collaboration among industry players in the cryptocurrency sphere regarding central bank digital currencies (CBDCs).

    Analysts: Coinbase’s Derivatives Approval Shows Crypto’s Resilience in the US

    Analysts at investment bank JMP Securities have said that an approval received by Coinbase to offer crypto futures trading can be taken as evidence of crypto’s resilience in the US.

    Celsius Sends Bankruptcy Restructuring Plan To Creditors Vote After Court’s Approval

    Bankrupt crypto lender Celsius is set to hold a vote on a plan to sell its asset to Fahrenheit Group following the approval by a judge as the proceeding winds down.

    BlockFi Complies with Court Order, Permits Crypto Withdrawals for Eligible US Users

    On August 17,  BlockFi, a New Jersey-based crypto lending company, stated that it had initiated withdrawals for eligible users' wallets in the US in compliance with a court order issued by the US Bankruptcy Court for the District of New Jersey.

    Crypto Lender Helio Sentenced for Falsely Claiming to Hold an Australian Credit Licence

    Australia-based cryptocurrency lender, Helio Lending Pty Ltd, has been handed a non-conviction bond after falsely claiming to hold an Australian credit license.