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Pi Network KYC and wallet fixes target over 900,000 users

Pi Network has cleared a KYC barrier for more than 417,000 users and prepared a wallet fix for another 497,000 accounts that could not claim migrated PI balances. Pi Network has reopened KYC for 417,000 users Pi Core Team said…

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BitMEX enters final shutdown hours after removing all trading services

BitMEX has removed its remaining spot, conversion, and derivatives markets ahead of its Sep. 23 shutdown, ending more than 11 years of exchange operations. BitMEX said HDR Global Trading Limited, its owner and operator, approved the closure after a “strategic…

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NEAR adds 20 tokenized US stocks and ETFs via Ondo

NEAR has partnered with Ondo Finance to give eligible users access to 20 tokenized U.S. stocks, exchange-traded funds, and commodity-linked products through near.com and NEAR Intents. Ondo Finance said the integration would let eligible near.com users exchange supported crypto assets…

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XLM price climbs as BVNK adds Stellar for global payments

Stellar’s XLM has risen 2.7% to $0.2135 after BVNK added the blockchain to its stablecoin payments platform, opening the network to business payments across more than 130 markets. BVNK announced the integration, saying customers can now access Stellar through the…

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Coinbase adds fixed-rate USDC loans backed by cbBTC

Coinbase has added fixed-rate USDC loans backed by cbBTC after its variable-rate borrowing service reached more than $1.4 billion in outstanding loans and nearly $3 billion in collateral. Coinbase fixed-rate loans set costs in advance Coinbase said the new borrowing…

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Bitcoin ETF inflows confirm $86K uptrend: Analysts

Bitcoin has climbed above $86,000 and briefly touched $87,000 as analysts linked the breakout to falling oil prices, lower Treasury yields, a short squeeze and returning U.S. spot ETF demand. Bitcoin’s $82K breakout forced short sellers to cover HashKey Group…

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ECB seeks MiCA reserve change flagged by Tether in 2024

The European Central Bank and the EU’s 27 national central banks have asked regulators to replace MiCA’s 30% and 60% bank-deposit floors for stablecoin reserves with maturity-based liquidity requirements. The European System of Central Banks said in its response to…

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Prometheum details ownership rights for tokenized US stocks

Prometheum has detailed how international investors would hold, redeem, and receive legal protection for tokenized US stocks under a proposed distribution arrangement involving HashKey and Velocity Capital. Tokenized US stocks will use existing ownership rules Prometheum co-CEO Aaron Kaplan told…

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Geo launches TikTok-style debates with CLARITY Act face-off

Geo has launched a short-form video debate platform that turns opposing views into traceable claims, starting with whether crypto needs the CLARITY Act to succeed. Geo said in a Sep. 22 announcement that its new product combines the viewing format…

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Nephos, Brinc bring crypto compliance support to GCC startups

Nephos Group has partnered with venture accelerator Brinc to provide accounting, compliance, corporate structuring, and tokenization support to more than 250 startups in Brinc’s portfolio. In a Sep. 22 press release shared with crypto.news, Nephos Group said that Brinc’s portfolio…

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ECB wants stablecoin yield ban expanded across crypto lending and staking

The European Central Bank and national central banks across the European Union have called for MiCA’s stablecoin remuneration ban to cover lending, borrowing, staking and other arrangements that can generate indirect returns for token holders. According to the European System…

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Crypto firms still face full AML rules after CLARITY Act vote

The Senate’s failure to advance the CLARITY Act has left existing customer identification, anti-money laundering, sanctions, and suspicious activity reporting requirements unchanged for covered U.S. crypto businesses. CLARITY Act vote leaves existing AML duties intact Prove Global Head of Digital…