South Africa shelves retail CBDC plans as central bank focuses on wholesale use cases
South Africa does not have a “strong immediate need” for a central bank digital currency (CBDC) for the time being, according to the country’s central bank. The South African Reserve Bank has published a position paper on the viability of…...
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Ethereum (ETH) Hits a Historic Trendline: Is $10,000 Next?
Ethereum (ETH) is once again moving around a trendline that has supported the price action for nearly a decade. This level has been a key turning point in past market cycles. As of press time, ETH is trading at around $3,000, with a 24-hour trading volume of $14.6 billion....
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Crypto Market News Today, November 28: Federal Reserve Rate Cut Odds Blast 85%, Tom Lee Keeps Buying, Space Quest Bitcoin Logo Viral
In crypto news today, traders are fixating on the Federal Reserve’s growing rate cut odds, the viral resurfacing of the Space Quest Bitcoin imagery, and ongoing accumulation moves from Tom Lee. The jump to an 85% probability for a December rate cut has become one of the biggest catalysts...
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Is Justin Sun’s $456M TrueUSD Dispute Exposing Gaps in Hong Kong’s Trust Company Oversight?
Justin Sun faces a fast-escalating legal and reputational fight in Hong Kong over how large pools of stablecoin reserves were handled. At a press conference on November 27, the founder of Tron and an adviser to Techteryx repeated claims of fraud against Hong Kong trust firm First Digital Trust. ...
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Ethereum Price Enters Critical Channel Test: Analysts Mark $3,100 as Lifeline Target as Bhutan Bids Dip
The Ethereum price is entering a decisive stage as bulls attempt to defend crucial support while global institutions quietly accumulate ETH behind the scenes. After weeks of turbulence, Ethereum now trades near $3000, still far from its ATH, but showing fresh signs of life as crypto technical indicators flip...
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UK Crypto Tax Update: New DeFi Rules and “No Gain, No Loss” Policy Explained
The United Kingdom has signalled a major change in how it plans to tax DeFi, backing a “no gain, no loss” idea that could end so-called dry tax bills for everyday users. The government, through HM Revenue & Customs, says it is developing rules to treat many DeFi loans...
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Japan is Buying the Dip: Bitcoin Treasuries Show No Signs of Slow Down in Tokyo
Shares in Metaplanet climbed by roughly +7% on Thursday after the digital asset treasury company disclosed that it had provided a $130M loan tied to plans to purchase additional Bitcoin. (Source: TradingView) The Japanese firm, which began as a hotel operator before shifting into a Bitcoin-focused treasury business, was...
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BONK Meme Coin Lands on Swiss TradFi Markets: Will ETP Boost BONK Price Prediction?
Solana-based memecoin Bonk is now trading on Switzerland’s SIX Swiss Exchange after Bitcoin Capital AG launched a regulated exchange-traded product tied to the token. The listing puts the memecoin on one of Europe’s main stock markets. Investors can buy exposure to Bonk through standard brokerage accounts. There is no...
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Terra Founder Do Kwon Requests Five-Year Prison Term Ahead Of December 11 Sentencing
The lawyers of Terraform Labs’ co-founder are reportedly seeking a lesser sentence for the South Korean crypto entrepreneur’s role in the multi-billion-dollar collapse, claiming that he has already “suffered substantially” for his crimes. Terra’s Do Kwon Says Five Years In Prison Will Suffice On Wednesday, Terraform Labs’ co-founder and...
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Solana browser extension ‘Crypto Copilot’ exposed for diverting user funds in secret trades
Chrome Solana extension ‘Crypto Copilot’ covertly diverts user funds in swaps, highlighting browser crypto security risks. A Chrome browser extension designed for Solana cryptocurrency trading secretly diverts funds from users by embedding hidden transfer instructions in swap transactions, according to…...
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