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On May 19, Ripple announced the launch of “Ripple Payments” in the United Arab Emirates (UAE). This service lets Zand Bank (the country’s first all-digital bank) and Dubai-based fintech Mamo send and settle cross-border transfers in seconds using fiat, XRP,...
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On May 17, a report emerged that scammers posing as Coinbase security staff drained 17.5 BTC and 225 ETH, valued at more than $2 million, from Los Angeles artist Ed Suman after exploiting customer data leaked in Coinbase’s recent support-desk...
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Lightchain Protocol AI, an Ethereum-compatible Layer-1 blockchain designed specifically for decentralized artificial intelligence, has officially launched its Developer Grant Program. The initiative aims to attract experienced developers, innovative startups, and ecosystem builders by offering grants ranging from $25,000 to $150,000....
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On May 15, Brazilian fintech Méliuz (CASH3.SA) acquired 274.52 Bitcoin at an average price of $103,604, costing the firm $28.4 million. The May 15 purchase, approved during an extraordinary shareholders’ meeting, formally established Méliuz as the first publicly listed company...
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Europol and Spanish police took down a massive "mafia crypto bank" on May 14. The criminal network laundered over €21 million ($23.5 million) in cryptocurrency. Chinese and Middle Eastern crime groups used their services. Seizure of €421,000 from 77 Bank...
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Chinese electric vehicle (EV) company Xpeng Motors has partnered with Plugsurfing for charging infrastructure in Europe. The company has been looking to expand its sales in the continent, which has among the highest EV penetration rates globally, and the partnership...
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MultiBank Group is taking a bold step into the future of digital finance with the tokenization of $3 billion worth of premium UAE real estate. Partnering with MAG, a top-tier developer, and Mavryk, a blockchain infrastructure firm, MultiBank is turning...
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On May 13, blockchain analytics firm Elliptic exposed Xinbi Guarantee, a Chinese-language Telegram marketplace, for laundering at least $8.4 billion in stablecoins and other crypto assets. Registered legally as Xinbi Co. Ltd in Colorado, the platform serves 233,000 users, many...
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On May 12, Dubai’s Department of Finance signed a Memorandum of Understanding (MoU) with Crypto.com to process all government service fees in cryptocurrency. This agreement was formalized at the Dubai Fintech Summit. Residents and companies will soon settle licence renewals,...
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On May 12, Metaplanet, a Japan-based investment firm, announced in a company release that it had purchased an additional 1,241 Bitcoins for roughly $126.7 million, paying an average of $102,119 per coin. With this move, Metaplanet now holds 6,796 BTC,...
