Category: Crypto

Brazil regards stablecoins as forex operation in new stablecoin regime

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Brazil regards stablecoins as forex operation in new stablecoin regime

Brazil’s central bank released on Monday, November 10, long-awaited rules for virtual assets that will affect how stablecoins are classified in a framework that extends the country’s existing anti-money-laundering, counter-terrorism, and consumer protection laws to virtual-asset service providers (VASPs) and foreign-exchange (Forex) operators. According to the central bank, any transaction that involves virtual assets pegged to fiat currencies will be treated as a foreign exchange operation. The same classification will apply to international payments or transfers made using virtual assets, including those carried out through cards or other electronic payment…

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BNY sees stablecoins and tokenized cash hitting $3.6T by 2030

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BNY sees stablecoins and tokenized cash hitting $3.6T by 2030

BNY Mellon predicts that the combined market for stablecoins and tokenized cash could reach $3.6 trillion by 2030, with stablecoins alone accounting for 41.6% of this figure. Meanwhile, tokenized deposits and digital money-market funds (MMFs) are expected to account for the remaining 58.3%. This comes as more institutions adopt them and regulatory frameworks improve. The company released a report on Monday that shows how stablecoins, tokenized deposits, and money market funds will change financial markets. More institutions use stablecoins and tokenized cash deposits BNY says more financial institutions are using…

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Crypto market collapses by almost $1 trillion in a month

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Crypto market collapses by almost $1 trillion in a month

The cryptocurrency market suffered another sharp downturn on Wednesday, November 5, that marked a nearly $1 trillion monthly loss in market capitalization, which has dropped from $4.3 trillion recorded in early October to $3.4 trillion at the time of writing. Major cryptocurrencies all saw major losses. Bitcoin (BTC), down 8% on the week, tested the critical $100,000 support level, while Ethereum (ETH) dropped to $3,300, plummeting 16% over the same period. Institutional investors also pulled $1.15 billion from Bitcoin ETFs last week, signaling waning sentiment among traditional institutions, which were…

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Ripple’s $500 Million Funding Boost

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Ripple’s $500 Million Funding Boost

Ripple Labs has secured a $500 million strategic investment, which has lifted its valuation to approximately $40 billion. The round was led by Fortress Investment Group, valuing the company at $40 billion. This major funding signals renewed institutional confidence in Ripple’s long-term strategy and its ambitions to dominate the digital finance sector. The company’s growing influence could have important implications for both XRP, its native cryptocurrency, and RLUSD, its recently launched stablecoin. Ripple’s $40 Billion Milestone Signals a New Era for Blockchain Finance In perspective, Ripple’s rise to a $40…

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Dash (DASH) Crypto Price Jumps by 50% in One Day: Possible Reasons

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Dash (DASH) Crypto Price Jumps by 50% in One Day

Dash (DASH), a Bitcoin-like cryptocurrency launched in January 2014, registers a whopping price spike today. It outperforms all of the top 200 cryptocurrencies, adding $1 billion to market cap in three days. This run expands the lineup of privacy cryptocurrencies that rocketed in recent days. Dash (DASH) surprisingly jumps by 50% in 24 hours Today, Nov. 4, 2025, Dash (DASH), an old-school privacy-centric cryptocurrency, is the best performer in the top 100 largest cryptos. In just 24 hours, the Dash (DASH) price spiked by over 50% and reached highs unseen…

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$54,000,000,000 Crypto Wipe Out in 30 Minutes Raises Concern, What Next?

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$54,000,000,000 Crypto Wipe Out in 30 Minutes Raises Concern, What Next

In a shocking turn of events, the cryptocurrency market experienced a massive wipe-out, losing a staggering $54 billion in just 30 minutes, according to data shared by Coin Bureau. This rapid decline has raised significant concerns among investors and market analysts, as major cryptocurrencies, including Bitcoin and Ethereum, suffered steep losses. Bitcoin, the largest digital asset by market capitalization, saw a drop of 1.25%, while Ethereum, the second-largest, faced a 2.64% decrease. Other leading cryptocurrencies, such as XRP and BNB, were not spared, with losses of 1.92% and 2.75%, respectively.…

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Vitalik Buterin Proposes Replacing Ethereum’s Modexp Precompile to Aid ZK Scalability

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Vitalik Buterin Proposes Replacing Ethereum’s Modexp Precompile to Aid ZK Scalability

Ethereum co-founder Vitalik Buterin has called for replacing the modexp precompile to boost zero-knowledge (ZK) scalability on the network. This legacy feature creates heavy computational burdens, making ZK-EVM proofs up to 50 times more resource-intensive than standard blocks, hindering efficient scaling solutions like ZK-rollups. What is the Modexp Precompile and Why Replace It on Ethereum? The modexp precompile is a built-in Ethereum function for modular exponentiation, essential for early cryptographic operations like RSA encryption. Vitalik Buterin recommends replacing it because it severely impacts zero-knowledge (ZK) prover efficiency, making computations up…

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EFCC arrests 792 suspects in investment, crypto fraud crackdown

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EFCC arrests 792 suspects in investment, crypto fraud crackdown

The Economic and Financial Crimes Commission has said that it arrested 792 suspects involved in investment and cryptocurrency-related fraud. The Commission’s Chairman, Ola Olukoyede, represented by the Director of Public Affairs, Wilson Uwujaren, announced this on Thursday in Abuja during a press briefing to commemorate his second anniversary in office. Olukoyede said the syndicate included 192 foreign nationals who were arrested alongside their Nigerian counterparts and prosecuted for cyberterrorism and cryptocurrency fraud. “Another notable arrest and prosecution was the case of 792 investment and cryptocurrency fraud suspects apprehended in a…

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Trump pardons Binance founder, stirring crypto ethics debate

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Trump pardons Binance founder, stirring crypto ethics debate

Donald Trump has granted a presidential pardon to Changpeng Zhao, founder of Binance, the world’s largest cryptocurrency exchange, igniting controversy over potential conflicts of interest. Zhao had served nearly four months in prison after admitting that Binance failed to implement proper anti–money laundering controls, a lapse prosecutors said enabled criminals and sanctioned entities to move illicit funds through digital currencies. Critics quickly questioned the decision, noting Trump’s extensive business ties to cryptocurrency ventures, including his family’s firm, World Liberty Financial, which launched the USD1 stablecoin. Earlier this year, a Middle…

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Cardano Is In The “Opportunity Zone” And Investors Are Cashing In

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Cardano Is In The “Opportunity Zone” And Investors Are Cashing In

Cardano (ADA) continues to struggle with bearish pressure after multiple failed recovery attempts. However, the recent decline appears to have opened a window of opportunity for investors. As ADA’s price enters a key accumulation range, buyers are showing renewed interest, potentially setting the stage for a rebound. Cardano Finds Opportunity The Market Value to Realized Value (MVRV) ratio shows that Cardano is currently sitting in the opportunity zone. With values ranging between -9% and -19%, this indicator reflects that most ADA holders are experiencing unrealized losses. Historically, this range often…

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