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Ripple Launches Innovation Challenge for CBDC Solutions on XRP Ledger

Ripple is launching an innovation challenge aimed at promoting the development of XRP Ledger (XRPL) applications for central bank digital currencies (CBDCs). According to the contest page, entrants can submit projects for three categories: interoperability, retail orientation, and financial inclusion. Under the contest rules, interoperability projects must include solutions that help CBDCs connect with other…

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Crypto Exchange FTX Injects $250,000,000 into BlockFi and Acquires Equity Clearing Company

Cryptocurrency exchange FTX is investing hundreds of millions of dollars in leading digital asset lender BlockFi as well as acquiring equity clearing firm Embed. FTX CEO Sam Bankman-Fried explained on Twitter why the exchange saw BlockFi as a good investment opportunity during the cryptocurrency market downturn. “Today we are pumping $250 million into BlockFi and…

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Crypto Lending Company Blockfi Cuts Staff by 20%

On Monday, the cryptocurrency lending company Blockfi announced that “market conditions” have had a “negative impact” on the firm’s business and it will be laying off “roughly 20%” of its staff. The message written by Blockfi co-founders Zac Prince and Flori Marquez follows a slew of well known crypto firms cutting back employees due to…

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FC Barcelona enters the metaverse and the NFT

FC Barcelona, ​​the football club with a huge following in Spain and Europe, has revealed its plans to capitalize on the rise of the metaverse and NFTs in the cryptocurrency market. Joan Laporta, president of the club, explained how it intends to occupy all these markets to attract more fans from all over the world….

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Lugano, Switzerland will make Bitcoin legal tender

Lugano will also “roll the red carpet” for Bitcoin and blockchain companies and enthusiasts to flock to the city. The city of Lugano, Switzerland will make Bitcoin legal tender and allow citizens to pay any utility fees or taxes in Bitcoin, city director Pietro Poretti announced at a live-streamed event Thursday alongside the mayor. Michele…

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Japanese Wealth Manager Nomura Will Explore Cryptocurrencies and NFTs with New Unit

The company said in a statement that it was establishing a new digital company, which would start operations in April, as part of the restructuring. In a move that may suggest growing institutional interest in cryptocurrencies and NFTs, Nomura Holdings announced that it is establishing a new digital asset team to pursue potential opportunities in…

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Airbnb looks to support crypto as it focuses on free housing for 100,000 Ukrainian refugees

Airbnb confirms that it is looking to support cryptocurrencies. The company also offered to provide accommodation for up to 100,000 Ukrainian refugees. According to the European Union, around four million people may try to leave Ukraine due to the Russian invasion. Airbnb CEO Discusses Cryptocurrencies and Ukraine’s Refugee Crisis Airbnb CEO Brian Chesky discussed cryptocurrency…

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FTX Enters the Japanese Cryptocurrency Market with the Acquisition of a Regulated Cryptocurrency Exchange

Cryptocurrency exchange FTX has announced the acquisition of Liquid, which operates a regulated Japanese exchange, Quoine. The two companies “look forward to working together to provide products and liquidity to clients in the Japanese and global markets.” FTX Acquires Liquid to Serve Japanese Clients Cryptocurrency exchange FTX is entering the Japanese cryptocurrency market. FTX CEO…

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How this US bank will offer Bitcoin and Ethereum through the Bakkt platform

Bakkt recently announced that Hanover Bank will integrate with its platform to expand access to Bitcoin and Ethereum. The New York-based financial institution will be part of Bakkt’s early adopter program and will be able to connect to the crypto platform through its mobile banking app. Related Reading | Mastercard integrates with Bakkt, merchants will…