Author: Cointelegraph By Sam Bourgi

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Peter Thiel’s Erebor Approved as Silicon Valley Bank Rival Emerges

Erebor, a financial services company backed by billionaire Peter Thiel, has received regulatory approval to launch in the United States — a move that could help fill the gap left by the collapse of Silicon Valley Bank in 2023. According to a report by the Financial Times on Wednesday, Erebor has secured a preliminary banking…
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Bitdeer Ramps Up Bitcoin Self-Mining As Rig Demand Cools

Bitdeer Technologies Group (BTDR), a Bitcoin mining and infrastructure company, is ramping up its self-mining operations amid weakening demand for mining rigs — highlighting how some hardware makers are shifting strategies to stay competitive during the current Bitcoin bull market. According to an Oct. 9 Bloomberg report, Bitdeer is accelerating its pivot toward mining Bitcoin…
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Square Launches Bitcoin Payments and Wallet for Merchants

Square, the payments processor owned by Jack Dorsey’s Block Inc., has launched a new feature enabling local businesses to accept Bitcoin at the point of sale and hold the digital asset in an integrated wallet — a move that could help advance Bitcoin’s use as a medium of exchange. Announced on Wednesday, the new Square…
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BOE To Soften Stablecoin Cap Plans Amid Industry Pushback: Report

The Bank of England (BOE) appears to be softening its stance on proposed limits to corporate stablecoin holdings, with plans to introduce exemptions for certain firms that may need to maintain larger reserves of fiat-pegged assets, according to a Bloomberg report published Tuesday. Citing people familiar with the discussions, Bloomberg reported that the BOE’s reconsideration…
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Plume Network Registers with SEC as Transfer Agent

Plume Network, a layer-2 blockchain designed to host real-world assets (RWAs), has registered as a transfer agent with the US Securities and Exchange Commission (SEC) — a move that bolsters its ability to bring traditional financial instruments onchain and streamline the issuance of tokenized securities. The company announced its registration on social media, saying the…
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EU Eyes Central Crypto Oversight as MiCA Faces Tensions

The European Union’s markets regulator is preparing to expand its authority to cover cryptocurrency exchanges and other operators, a move officials say would better align oversight with the bloc’s newly implemented Markets in Crypto-Assets (MiCA) framework. Verena Ross, chair of the European Securities and Markets Authority (ESMA), confirmed in an interview with the Financial Times…
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SEC Weighs Plan to Let Stocks Trade on Blockchain

The US Securities and Exchange Commission (SEC) is reportedly developing a plan to allow blockchain-registered versions of stocks to trade on cryptocurrency exchanges — a move that would mark a significant step toward integrating digital asset technology into the traditional financial system. The proposal, still in early stages, would let investors buy and sell stock…
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Turkey to Let Masak Freeze Crypto Accounts in AML Push: Report

The Turkish government is reportedly preparing legislation that would grant its financial crime watchdog, Masak, the authority to freeze cryptocurrency accounts as part of a wider effort to combat money laundering and financial crime — a move that potentially highlights regulators’ ongoing concerns over crypto-related illicit activity. According to a report by Bloomberg, citing people…
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Strive to Acquire Semler Scientific in Bitcoin Treasury Merger

Strive Inc., the asset manager turned Bitcoin treasury company led by former presidential candidate Vivek Ramaswamy, has agreed to acquire Semler Scientific — a move that positions the combined entity as one of the largest corporate holders of Bitcoin. In a Monday announcement, the companies said the all-stock transaction will grant Semler shareholders Strive shares…
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Peso in freefall: US lifeline to Argentina met with Bitcoiners’ doubt

US steps in with a lifeline as Argentina battles peso turmoil, investor flight and President Javier Milei’s waning credibility. Crypto adoption surges. Source link