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IMF updates global standards to include crypto in balance of payments

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The International Monetary Fund (IMF) has overhauled its balance of payments standards to reflect the growing impact of digital assets. According to the newly released Balance of Payments Manual, Seventh Edition (BPM7), cryptocurrencies like Bitcoin (BTC) are now classified as non-produced nonfinancial assets, while certain tokens are treated akin to equity holdings. The updated manual, […]

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Ethereum-based RWA protocol Zoth hacked second time in a month for .85 million

Ethereum-based RWA protocol Zoth hacked second time in a month for $8.85 million

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Zoth, an Ethereum-based platform focused on tokenized real-world assets, suffered a second major security breach in less than three weeks on March 21, with attackers draining $8.85 million in digital assets. The company confirmed the breach and is working with security experts to investigate the incident. Zoth is also offering a $500,000 bounty for information

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Coinbase reportedly in advanced talks to acquire crypto derivatives exchange Deribit

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Coinbase is in advanced negotiations to acquire the crypto derivatives platform Deribit, Bloomberg News reported on March 21, citing people familiar with the matter. The parties have reportedly notified Dubai regulators about the ongoing discussions since Deribit holds a license in the jurisdiction that would transfer to any acquiring entity. Sources told the newswire that

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Trump Declares Vision For America As The ‘Undisputed Bitcoin Superpower’

Leave a Comment / Bitcoin, Bitcoin News, bitcoin price, Bitcoin strategic reserve, Bitcoin Strategic Reserve Trump, BTC, btc price, btcusd, BTCUSDT, crypto, Crypto News, crypto regulation, Crypto strategic reserve, cryptocurrencies, Cryptocurrency, DeFi, digital currency, Strategic Bitcoin Rerseve / best time

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure President Donald Trump recently addressed the Blockworks Digital Asset Summit in New York City, outlining his ambitious aspirations to establish the United States as an important force in the cryptocurrency sector, with Bitcoin (BTC) at the forefront. Trump’s Vision For Maximizing Federal

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Strategy secures 1M to fuel Bitcoin buying spree amid liquidity challenges

Strategy secures $711M to fuel Bitcoin buying spree amid liquidity challenges

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Strategy, formerly known as MicroStrategy, revealed that it secured over $700 million from a recent preferred stock offering designed to purchase more Bitcoin. On March 21, the firm confirmed the sale of 8.5 million shares of its Series A Perpetual STRF Preferred Stock. Each share was priced at $85 and offered a 10% annual dividend.

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Gotbit Founder Pleads Guilty—M in Crypto Forfeited in US Fraud Crackdown

Gotbit Founder Pleads Guilty—$23M in Crypto Forfeited in US Fraud Crackdown

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Russian national and Gotbit founder, Alex Andryunin, has entered into a plea agreement with US prosecutors in connection to charges of wire fraud and cryptocurrency market manipulation. The agreement, signed with the US Attorney for the District of Massachusetts, requires Andryunin to

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Eric Trump joins Bitcoin firm Metaplanet’s advisory board, stock surges 17%

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Tokyo-listed Bitcoin treasury firm Metaplanet has appointed Eric Trump, the son of US President Donald Trump, to its newly formed Strategic Board of Advisors. Metaplanet announced Trump’s appointment on March 21, confirming that he will join as the first official member of the new advisory board. The board aims to unite influential voices committed to

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Bithumb Offices Raided Amid Ex-CEO’s Million Scandal

Bithumb Offices Raided Amid Ex-CEO’s $2 Million Scandal

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Crypto exchange Bithumb is under investigation as South Korean police have raided the company’s headquarters. This action is in response to claims of embezzlement directed against Kim Dae-sik, the former chief executive officer. The inquiry generally focuses on a particular financial transaction

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South Korean authorities raid Bithumb in corporate fund misuse inquiry

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South Korean prosecutors raided the headquarters of crypto exchange Bithumb on March 19 as part of an investigation into whether the company’s former CEO misused corporate funds to purchase an apartment, according to local media reports. Authorities from the Seoul Southern District Prosecutors’ Office searched Bithumb’s Yeoksam-dong offices, looking into claims that the exchange provided

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ECB reiterates need for a digital euro to counter influence of dollar-based stablecoins

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European Central Bank (ECB) Chief Economist Philip Lane has reiterated the need for a digital euro, emphasizing its role in mitigating risks from stablecoins and reducing reliance on US payment firms, Bloomberg News reported on March 20. Lane said at a conference in Cork, Ireland, that the digital euro central bank digital currency (CBDC) is

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