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Bolivia’s State-Owned Energy Company to use Cryptocurrency to pay for Energy Imports

Bolivia’s state energy firm YPFB would pay for Energy imports using cryptocurrency amid biting dollar and Fuel scarcity.  The landlocked South American country is experiencing a steep slide in foreign currency reserves after years of reduced natural gas exports, a primary FX source.  A spokesperson told Reuters that YPFB is exploring using cryptocurrency to purchase…

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US SEC Confirms the Receipt of Fidelity Exchange Traded Funds Staking Proposal

The U.S. Securities and Exchange Commission (SEC) confirmed receipt of Fidelity Investments’ proposal to introduce staking into its Ethereum exchange-traded fund (ETF).  This is a significant development for the crypto investment landscape, broadening the range of activities investors can perform on ETFs.  The filing, submitted by the Cboe BZX Exchange on March 11, seeks to…

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south korea fsc

South Korea Moves Toward Corporate Crypto Adoption with New Regulatory Roadmap

South Korea’s Financial Services Commission (FSC) is moving forward with a structured approach to corporate virtual asset transactions.  According to an official report, Vice Chairman of the regulatory agency, Kim Soyoung, held discussions with industry experts on March 12, focusing on phased guidelines that align with global regulatory standards. Notably, the FSC aims to introduce…

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binance

Binance Lands Record-Breaking $2B Crypto Investment from MGX AI

Binance, the world’s largest cryptocurrency exchange, has secured its first institutional investment in a landmark $2 billion deal with Abu Dhabi-based AI and technology investor MGX.  The transaction, the largest-ever investment into a crypto company and the largest paid in cryptocurrency, underscores the growing role of blockchain technology in global finance. The investment, announced on…

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Metaplanet

Bitcoin ETFs Record Heavy Outflows, Lose $371 million 

Bitcoin exchange-traded funds (ETFs) have become a critical pulse check of investor sentiment since the U.S. Securities and Exchange Commission (SEC) approved spot Bitcoin ETFs in January 2024.  Yesterday, the Bitcoin (ETFs) in the United States experienced significant outflows, reflecting the bearish sentiment in the market today.  Farside Investors UK revealed that yesterday's net outflow…

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