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Bitrefill disclosed being targeted in a cyberattack on March 1, originating from a compromised employee laptop and expanding to database and cryptocurrency wallets. Approximately 18,500 purchase records were accessed, with some customer information potentially compromised.
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Newrez, a national wholesale mortgage lender, plans to assess Bitcoin and Ethereum for mortgage qualification, targeting Gen Z home buyers with crypto assets. The company will value digital assets at a discount due to volatility, requiring assets to be held with regulated entities.
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Hong Kong plans to issue stablecoin licenses under the new regime starting in the first quarter of this year. Companies must comply with reserve asset requirements, client fund segregation, and anti-money laundering rules to obtain approval from the Hong Kong Monetary Authority.
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According to analysts at Compass Point, betting on Bitcoin before it reaches $98,000 may not be advisable due to recent price fluctuations. Long-term holders have been selling less, while short-term holders are sensitive to price swings, with Bitcoin hovering around $90,000.
DL News
A Russian court ruled that cryptocurrency is subject to property laws, impacting future civil and criminal cases. The decision emphasizes the need for legal clarity and protection for crypto holders.
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President Donald Trump expressed hope to sign the crypto market structure bill soon, emphasizing the importance of unlocking new pathways to financial freedom. The bill faced challenges after Coinbase withdrew support due to concerns over limitations on offering yield on stablecoins.
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The Central Bank of Iran purchased $507 million in Tether's USDT over a year to stabilize the Iranian rial and facilitate international trade, using a network of crypto wallets. Elliptic's research revealed the CBI's strategic use of USDT to evade sanctions and support the currency.
Coindesk
Ondo Finance is expanding its tokenized equities business to Solana, introducing over 200 tokenized U.S. stocks and exchange-traded funds to the high-speed blockchain for the first time. The move aims to make traditional financial assets more accessible through onchain infrastructure while maintaining price parity with traditional markets.
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Guernsey authorities have seized $11.4 million in assets related to the OneCoin fraud, following a court decision upholding an overseas forfeiture order. The funds were held in an account at RBS International under the name Aquitaine Group Limited.
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Galaxy, led by Mike Novogratz, is launching a $100 million hedge fund investing in crypto tokens and financial services stocks. The fund aims to capitalize on changes in digital asset technologies and laws, attracting investments from various sources.
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Gaming tokens like Axie Infinity and The Sandbox have seen significant gains despite Bitcoin's lower trading. This trend may indicate a shift in trader focus due to project-specific catalysts rather than capital rotation.