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Israel has intensified efforts to disrupt Hamas' access to cryptocurrency market, freezing dozens of accounts and seizing millions of dollars’ worth of crypto coins. More than 100 accounts were affiliated with Binance (CRYPTO: BNB). Tether (CRYPTO: USDT) has also announced the freezing of 32 addresses connected to unrest in Israel and Ukraine. The Financial Stability Board is among the global entities crafting strategies to offset terrorist financing in digital assets.

Portfolio Pulse from Murtuza Merchant

October 17, 2023 | 2:13 pm

Over the weekend, major cryptocurrencies experienced mixed trading due to various factors including the Israel-Hamas conflict and inflation concerns. Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) saw changes of +1.19%, +0.49%, and -0.29% respectively. The global crypto market cap stands at $1.06 trillion, reflecting a 0.74% increase in the past 24 hours. Analyst Michaël van de Poppe predicts BTC could reach $27,800. Meanwhile, Coinbase director Conor Grogan noted that almost half of the existing Tether (USDT) was created by Alameda Research, a firm directly controlled by Sam-Bankman Fried.

Portfolio Pulse from Mehab Qureshi

October 16, 2023 | 2:56 am

Stablecoin issuer Tether (CRYPTO: USDT) has announced the appointment of Paolo Ardoino as its CEO, effective from December 2023. He will succeed Jean-Louis van der Velde, who will remain involved in an advisory capacity while maintaining his CEO position at crypto exchange Bitfinex. The leadership shift is seen as a strategic move in the crypto space.

Portfolio Pulse from Murtuza Merchant

October 13, 2023 | 1:56 pm

Circle Internet Financial, the issuer of USDC, has partnered with Coins.ph, a leading cryptocurrency exchange and digital wallet provider in the Philippines, to promote USDC-denominated remittances. The partnership aims to provide a secure, low-cost, and almost-instant solution for international money transfers. Coins.ph has 18 million Filipino users. The Philippines is the fourth largest recipient of remittances in the world, with remittances forming a major contributor to the country's economy.

Portfolio Pulse from Khyathi Dalal

October 11, 2023 | 9:48 pm

Bitfinex's parent company, iFinex Inc., is considering a $150 million share repurchase to increase its influence over the crypto exchange's operations. The repurchase reflects iFinex's positive performance over recent years and aims to ease shareholders' regulatory burdens. The company has faced regulatory challenges, including a $42.5 million fine in 2021 over allegations concerning Tether's USDT stablecoin reserves and Bitfinex's unauthorized U.S. operations.

Portfolio Pulse from Murtuza Merchant

October 10, 2023 | 10:43 pm

Hong Kong's Secretary for Financial Services and the Treasury, Christian Hui, announced that the country has not adopted any regulations for stablecoins such as Tether (USDT) or USD Coin (USDC), thus they will not be allowed to trade on the exchange. The Hong Kong Monetary Authority may introduce regulatory guidelines for the stablecoin market by the end of 2024. This comes after Hong Kong allowed retail trading of cryptocurrencies in early August 2023.

Portfolio Pulse from Khyathi Dalal

October 06, 2023 | 5:24 pm

Ripple has withdrawn from its planned acquisition of Fortress Trust, but will remain a shareholder in the parent company, Fortress Blockchain Technologies. The deal was initially intended to expand Ripple's license pool in the U.S. and invest in other Fortress group companies. Meanwhile, Ripple Labs has been included in the National Bank of Georgia's exclusive list for its second Central Bank Digital Currency pilot venture. This has led to notable gains in price and volume for XRP.

Portfolio Pulse from Khyathi Dalal

September 29, 2023 | 7:30 pm

Binance is looking to replace Paysafe as its banking partner. The crypto exchange has advised all Paysafe users to convert their EUR balances into Tether by Oct. 31. This comes after Paysafe cut ties with Binance, ending buying, selling, and trading support on the platform. Binance users will no longer be able to participate in EUR Spot trading and any open pending orders will be cancelled by the exchange. Binance had previously announced in June that Paysafe would end its support in September 2023.

Portfolio Pulse from Khyathi Dalal

September 28, 2023 | 4:59 pm

Tether Group has resumed lending Tether (CRYPTO: USDT) stablecoin loans to customers after a year-long pause. The company believes this will protect its long-term customers from liquidity shortages or selling assets at inappropriate rates. Despite concerns about the company's secured loans and their potential to destabilize the market, Tether saw loans at $5.5 billion in the latest reported quarter, up from $5.35 billion in the prior quarter. The company remains committed to removing the secured loans from its reserves, with a spokesperson indicating 2024 as the year of zero secured loans.

Portfolio Pulse from Khyathi Dalal

September 21, 2023 | 9:30 pm

Tether Group is acquiring 10,000 Nvidia H100 GPUs for $420 million and a 20% stake in Northern Data. Northern Data plans to rent the chips to AI startups. The deal will be conducted through an Irish shell company, Damoon. Northern Data will acquire a 70% ownership stake in exchange for shares equal to 20% of its ownership. The total cost of the deal remains undisclosed.

Portfolio Pulse from Khyathi Dalal

September 21, 2023 | 2:37 pm

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