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    Monday, November 2

    Better Markets says stablecoin rules open door to crypto banks

    WASHINGTON, D.C. / CryptoWire.AI / – U.S. banking regulators are opening the door to crypto banks that enjoy bank-like benefits without matching safeguards, according to Washington-based advocacy group Better Markets. In an October 27 analysis, the group said actions by

    Business

    Ledger reseller probe confirms implant amid crypto losses

    Ledger has confirmed an unauthorized hardware implant in one customer device linked to cryptocurrency losses involving reseller CryptoBilis. The hardware wallet maker is investigating reports from users in Southeast Asia whose funds disappeared after they bought devices through the reseller.

    Bitcoin & Altcoins

    Tether and Circle freeze stablecoins tied to Binance hack

    Stablecoin issuers Tether and Circle have frozen tokens linked to a security breach at Binance, as the exchange estimated the total impact at about $6.3 billion. Binance disclosed the incident on Thursday, October 29, and said around $3 billion had

    AI

    AI crypto scams surge as global regulators increase oversight

    Cryptowire: Global financial regulators and blockchain analytics research teams have issued joint advisories regarding an escalation in AI crypto scams that leverage synthetic media and autonomous agents to target digital asset investors across major international exchanges. Regulatory agencies report that

    Policy

    Better Markets says stablecoin rules open door to crypto banks

    WASHINGTON, D.C. / CryptoWire.AI / – U.S. banking regulators are opening the door to crypto banks that enjoy bank-like benefits without matching safeguards, according to Washington-based advocacy group Better Markets. In an October 27 analysis, the group said actions by

    Ethereum & NFTs

    Hong Kong exchange breaks ground with spot bitcoin, ether ETFs

    Hong Kong has stepped into the spotlight as the first Asian market to introduce retail investors to the trading of cryptocurrencies at spot prices, with the launch of six spot bitcoin and ether exchange traded funds (ETFs) on Tuesday. The

    Blockchain & DeFi

    FinTech

    New Binance trading pairs set to go live in early September

    Binance, the world’s largest cryptocurrency exchange, announced the upcoming addition of four major trading pairs, set to go live on September 4, 2024. The new pairs – AAVE/USDC, STMX/TRY, SUN/TRY, and TRX/USDC – are part of Binance’s ongoing strategy to

    Gaming