Major international airline Emirates signed a memorandum of understanding (MoU) with Crypto.com to integrate Crypto.com Pay into the airline’s payment infrastructure, with implementation expected next year. The signing ceremony took place in the presence of His Highness Sheikh Ahmed bin Saeed Al Maktoum, chairman and chief executive of Emirates Airline & Group, the airline announced…
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A coalition of crypto advocacy groups threw its weight behind a federal lawsuit challenging US Department of Justice (DOJ) efforts to prosecute open-source software developers under money transmission laws. Crypto investment firm Paradigm, the DeFi Education Fund, Blockchain Association, Crypto Council for Innovation and others filed an amicus brief on Monday in support of Michael…
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New Zealand has announced a ban on cryptocurrency ATMs and a cap on international cash transfers, moves officials say are part of a broader effort to disrupt money laundering and organized financial crime. In a Wednesday announcement, Associate Justice Minister Nicole McKee unveiled the measures as part of the government’s overhaul of its Anti-Money Laundering…
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Japanese firm Metaplanet plans to eventually use its Bitcoin reserves to acquire cash-generating businesses, possibly including a digital bank in Japan. In a recent interview with the Financial Times, CEO Simon Gerovich said the company is racing to accumulate as much Bitcoin (BTC) as possible before turning its holdings into leverage for expansion. “We think…
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The US Secret Service has quietly seized nearly $400 million in digital assets over the past decade, amassing one of the world’s largest crypto cold wallets, Bloomberg reported Saturday, citing people familiar with the matter. The agency’s Global Investigative Operations Center (GIOC) has tracked funds through open-source tools, blockchain analysis, and patience, Jamie Lam, an…
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Pakistan’s plan to use surplus electricity for crypto mining has hit a roadblock after the International Monetary Fund (IMF) reportedly rejected a proposal to offer subsidized power to energy-intensive industries, including Bitcoin miners. Pakistan’s Secretary of Power Fakhre Alam Irfan told the Senate committee on energy that the IMF claimed such measures could distort the…
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US federal prosecutors seized $40,300 in cryptocurrency recovered from an email scam that impersonated the Trump-Vance Inaugural Committee, according to a complaint filed by US Attorney Jeanine Ferris Pirro. The scheme tricked a donor into sending $250,300 worth of USDt (USDT) stablecoin on the Ethereum blockchain to scammers posing as committee officials, the Department of…
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Binance Pay has partnered with French fintech Lyzi to enable over 80 businesses across the French Riviera to embrace cryptocurrency payments, according to a Wednesday press release. The rollout, spanning cities including Cannes, Nice, Antibes and Monaco, would integrate digital assets into the region’s luxury tourism and retail economy. The French Riviera, also known as…
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A US bankruptcy judge ruled that Celsius Network’s multibillion-dollar lawsuit against Tether can proceed, denying in part Tether’s attempt to dismiss claims that it “improperly” liquidated Celsius’s Bitcoin collateral during the crypto lender’s collapse. According to court documents filed in New York on Monday, Celsius alleges that Tether (USDT) executed a “fire sale” of over…
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United Kingdom-based web design and marketing firm The Smarter Web Company has expanded its Bitcoin treasury, purchasing an additional 230.05 BTC for 17.97 million British pounds ($24.7 million) at an average price of 78,103 pounds ($107,126) per coin. The London-listed firm now holds 773.58 BTC acquired at an average price of 78,022 pounds ($107,015), bringing…
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