Eric Nkando
Reporting for The Distributed.
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Georgia Taps Tether For A National Stablecoin Launch
Georgia’s government is launching GEL₮, a stablecoin pegged to the country’s official currency, Lari. In the latest announcement, Tether disclosed that GEL₮…
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UK Moves Toward 24/7 Payments As FCA, BOE Advance Tokenisation Rules
The Financial Conduct Authority (FCA) and Bank of England (BoE) are consulting on guidance for tokenised finance, a report reveals. The regulators…
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ECB Signals Green Light For Tokenised Markets, But Only Under Tight Control
The European Central Bank (ECB) has approved tokenising EU capital markets, a bulletin revealed. According to the ECB’s latest Macroprudential Bulletin, Distributed…
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BIS Sounds Alarm On Dollar Stablecoins And Banking System Risks
The Bank for International Settlements (BIS) has cautioned that a US dollar-backed stablecoin could threaten financial stability, a report reveals. Pablo Hernández…
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Russia Advances Crypto Bill To Enable Cross-Border Payments Amid Sanctions
Russia’s State Duma has approved a Digital Currency and Digital Rights Bill in its first reading, a report revealed. This landmark bill…
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Crypto.com Launches First Crypto-Native IRA
Crypto.com has announced the launch of Crypto.com IRAs, the first crypto-native mixed-asset retirement account that will allow users to invest in stocks…
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Crypto Lender Nexo Relaunches In U.S. Market Following SEC Clash
Crypto firm Nexo has resumed operations in the U.S. market after a three-year absence triggered by regulatory action, Reuters revealed. In 2023,…
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Ethereum Foundation Signals Confidence With A Record $46.2M ETH Staking
The Ethereum Foundation (EF) has staked over $46.2 million worth of ETH, the single largest deposit in a bid to reach its…
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IMF Warns Tokenisation Could Disrupt Global Finance With New Crypto Risks
The International Monetary Fund (IMF) has warned against tokenisation, a news report revealed. IMF notes that putting real-world assets like money, bonds,…
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NovaBay Pharmaceuticals Pivots Fully From Healthcare To Crypto
NovaBay Pharmaceuticals (NBY), valued at $30 million, has made a full shift to crypto. The healthcare nanocap entity announced that it has…