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Tag: News

Bitget Pauses Withdrawals Following Massive $352M Security Breach

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Cryptocurrency exchange Bitget has temporarily suspended all user withdrawals following a major security breach. On-chain data and security monitors estimate the total losses from the exploit to be approximately $352 million. The platform’s engineering team is currently investigating the incident to secure remaining funds and trace the stolen assets. Major cryptocurrency derivatives and spot exchange Bitget has been forced to...

Breaking, Cryptocurrencies, News

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Fed Proposes 1:1 Reserves and Tiered Capital Rules for Payment Stablecoin Issuers

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The Federal Reserve on Sept. 24 proposed full 1:1 reserve backing and standardized capital rules for Board-supervised payment stablecoin issuers under the GENIUS Act. Operational-risk capital would start at 2% of the first $20 billion outstanding, stepping down to 1% above $50 billion. Issuers would generally have to redeem tokens within two business days and publish monthly, accountant-examined reserve reports. A second proposal sets a bank...

Crypto regulation, Cryptocurrencies, News, Regulation

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Zcash’s ZEC Hits $1,600, Marking a Significant Multi-Year High

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Privacy coin Zcash (ZEC) experienced a dramatic market surge, touching a notable multi-year high of $1,600. The sharp price movement underscores a broader resurgence in market demand for zero-knowledge privacy-preserving digital assets. Traders and analysts continue to monitor on-chain metrics and liquidity shifts as volatility remains elevated across major altcoin sectors. Privacy-focused cryptocurrency Zcash (ZEC) surged to a milestone of...

Breaking, Cryptocurrencies, News

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Bitcoin Pulls Back From Local High Above $87,000 Amid Shifting Fed Rate Expectations

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Bitcoin retreated from a local high above $87,000 following renewed macroeconomic pressures. CME FedWatch data began pointing toward a potential shift in interest rate expectations by the U.S. Federal Reserve. Traders and analysts continue to monitor macroeconomic indicators closely for further short-term volatility in crypto assets. Bitcoin pulled back from its Monday local high of over $87,000, slipping lower as macroeconomic sentiment...

Breaking, Cryptocurrencies, News

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Canada’s Big Six Banks Explore Shared CAD Tokenized Deposit Network

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Canada’s six largest banks are jointly exploring a Canadian-dollar tokenized deposit system, starting with interbank transfers. OSFI said on Sept. 10 that tokenized deposits are not legally distinct from traditional deposits. The banks set no launch date and said other deposit-taking institutions may join later. Canada’s six largest banks are jointly exploring a Canadian-dollar tokenized deposit system, an effort they framed as a...

Cryptocurrencies, News, Real World Assets (RWA)

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