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Leumi to Become 1st Israeli Bank Facilitating Crypto Trade

Leumi to Become 1st Israeli Bank Facilitating Crypto Trade

Bank Leumi’s digital platform Pepper Invest announced that the bank is set to become the first Israeli bank to facilitate cryptocurrency trading – following a partnership with US blockchain firm Paxos, according to a report by Reuters. The announcement also clarified that currently, the new service will only allow customers to buy, hold and sell bitcoin and […]

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Janet Yellen Admits Crypto Has Benefits — Says Treasury Working on Crypto Regulation

Janet Yellen Admits Crypto Has Benefits — Says Treasury Working on Crypto Regulation

U.S. Treasury Secretary Janet Yellen has admitted that there are benefits to cryptocurrency. Crypto has grown by leaps and bounds and is now “playing a significant role” in the investment decisions of lots of Americans, Yellen said, adding that the Treasury Department is working on regulatory recommendations for healthy innovation. Treasury Secretary Yellen Sees Benefits

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Grimes Announces ‘Children’s Metaverse Book’ as Part of 0M Avalanche Initiative

Grimes Announces ‘Children’s Metaverse Book’ as Part of $100M Avalanche Initiative

The Avalanche Foundation is making a major push to bring art and entertainment to the home of AVAX. Canadian musician Grimes is launching an “intergalactic children’s metaverse book.” Announced Friday at the Avalanche Summit in Barcelona, Grimes, also the mother of Tesla (TST) CEO Elon Musk’s children, said the project was part of a $100 million initiative

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PUBG Developer Krafton Partners With Solana Labs to Build Blockchain Games and Services

PUBG Developer Krafton Partners With Solana Labs to Build Blockchain Games and Services

Krafton, the company behind the development of the blockbuster videogame PUBG, has announced a partnership with Solana Labs with the objective of building its blockchain game offering. The new business plan of the company includes the creation of token economies to power play-to-earn (P2E) experiences to build its own Web3 offerings. Krafton Chooses Solana to

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Chip industry under threat with neon production set to fall off a cliff following Russia’s invasion of Ukraine

Chip industry under threat with neon production set to fall off a cliff following Russia’s invasion of Ukraine

KEY POINTS Neon is required for the lasers that are used in a chip production process known as lithography, where machines carve patterns onto tiny pieces of silicon made by the likes of Samsung, Intel and TSMC. These machines are produced by Dutch firm ASML. More than half of the world’s neon is produced by

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USDT PILOT BRINGS TOKENS TO BITCOIN’S LIGHTNING NETWORK

USDT PILOT BRINGS TOKENS TO BITCOIN’S LIGHTNING NETWORK

The first USDT stablecoin transaction on a Lightning channel happened earlier this week as Synonym showcases broader use cases for Bitcoin. Bitcoin company Synonym sent the first USDT stablecoin transaction on the Lightning Network earlier this week to demonstrate how Bitcoin and Lightning could be leveraged for cheap and quick issuance and transfer of tokens and credit.

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LG Electronics adds blockchain and crypto as new areas of business

LG Electronics adds blockchain and crypto as new areas of business

South Korean tech giant LG Electronics has officially updated its business development goals to include cryptocurrency and blockchain-based software. South Korean tech giant LG Electronics has officially added blockchain and cryptocurrency as new business areas in its corporate charter. According to a local South Korean news report, LG added two distinct crypto-related objectives during its annual general

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Google Files Trademark for ‘Non-Fungible Planet’

Google Files Trademark for ‘Non-Fungible Planet’

The filing details plans for the internet giant’s information campaign on environmental activism. Google has filed a trademark application for “Non-Fungible Planet,” although it appears the company’s project has little to do with crypto tokens. Outlined in the March 21 filing is an educational campaign aimed at “providing information in the areas of environmental protection, conservation, energy

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Many UK Crypto Firms May Be Forced To Close After March 31

Many UK Crypto Firms May Be Forced To Close After March 31

At the end of this month, the deadline to register with the UK’s Financial Conduct Authority expires, leaving many crypto firms at risk of being closed down. Less than 20% of the applicants will make it According to a CNBC report, the deadline to register with the FCA had already been extended in the last year,

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Binance Invests another m in Metaverse Startup Ultiverse

Binance Invests another $5m in Metaverse Startup Ultiverse

Binance is putting in a fresh $5 million investment in metaverse gaming startup Ultiverse after leading a $4.5 million seed investment a week earlier for the firm. The previous seed investment was announced in a blog post by Binance Labs, the venture capital arm and innovation incubator of Binance, on March 18. The raise was co-led by

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