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Why did the US Treasury sanction the Tornado Cash cryptocurrency exchange?

According to a press release, the U.S. Treasury Department announced sanctions against Tornado Cash, a decentralized exchange (DEX). The institution has added the tornado.cash website, associated entities, and various Ethereum-based addresses to its Office of Foreign Assets Control (OFAC) list of Specially Designated Citizens and Blocked Persons (SDN). There are around 40 ETH addresses on…

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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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Huobi Global Acquires Latin American Cryptocurrency Exchange Bitex

Digital currency exchange Huobi Global has revealed that it has acquired Bitex, a Latin American cryptocurrency platform that operates in Argentina, Chile, Paraguay, and Uruguay. Huobi details that the company is stepping up its presence in Latin America, as it believes the region will be one of the most active areas of cryptocurrency adoption worldwide….

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Equinox Health Club accepts cryptocurrency payments

If you’re a cryptocurrency fan and like to get your heart rate up on the treadmill or bench press and lifting weights, you might want to try Equinox. As a luxury gym in New York, the company recently announced that it will allow cryptographic payments for gym memberships and merchandise. Equinox is allowing cryptographic payments…

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Huobi plans to launch cryptocurrency ETF in Hong Kong

Hong Kong-listed fund manager Huobi Technology plans to launch an exchange-traded fund (ETF) that tracks popular cryptocurrencies. The company, which is a subsidiary of popular cryptocurrency exchange Huobi Global, aims to target retail investors with the planned ETF. Huobi has written to the Hong Kong Securities and Futures Commission (SFC) and intends to structure the…

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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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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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Lebron James will launch an education program on Bitcoin and cryptocurrencies

The NBA legend has partnered with Crypto.com to support educational and career development opportunities focused on Bitcoin and cryptocurrencies. NBA star Lebron James and his Lebron James Family Foundation (LJFF) have partnered with cryptocurrency platform Crypto.com to launch a series of educational and professional training initiatives on Bitcoin, cryptocurrencies, and related technologies. “Through this partnership,…

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New York Eric Adams mayor advocates receipt of bitcoin payment checks as price accidents

The Mayor of New York City, Eric Adams, turned its first payment payment in Bitcoin and ether before the price of crypticuriers collapses. However, the mayor said: “When you are a long-term investor, you do not keep your eyes on your portfolio.” He added that the goal of receiving a payment check at Bitcoin is…