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South Korea’s Pension Fund Bought $20M Coinbase Shares in Q3, Made 40% Profit: Report

South Korea’s Pension Fund Bought $20M Coinbase Shares in Q3, Made 40% Profit: Report

The fund snapped up COIN at an average price of $70.5 in the third quarter, achieving a 40% profit from investment.

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South Korea’s national pension fund buys $19.9 million worth of Coinbase shares

National Pension Service’s latest holdings report showed it bought Coinbase shares in the third quarter of this year.

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Binance to start crypto exchange in Thailand through joint venture with Gulf Energy

Gulf Binance, the joint venture, plans to first serve users by invitation before opening to the general public early next year.

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Paxos to issue new USD-backed stablecoin in Singapore

Crypto firm Paxos has formed a fresh entity in Singapore to launch a new USD-backed stablecoin in the country.

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Stablecoin Issuer Paxos Plans New U.S. Dollar-Backed Token for Singapore Operations

Paxos, a cryptocurrency brokerage firm, has received a preliminary license from regulators to offer digital payment token services in Singapore, the company said Wednesday in a statement.

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NYDFS Rolls Out Stricter Guidelines for Cryptocurrency Listings, De-listings

The New York State Department of Financial Services (NYDFS) has said it strengthened its guidelines for listing or de-listing cryptocurrencies in a move to beef up protections for crypto investors throughout the state, NYDFS Superintendent Adrienne A. Harris said Wednesday in a statement.

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Congress Gets the Runaround From Regulators, Again

Go to Source Author: Kristin Smith, Miller Whitehouse-Levine

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Sora’s First Summit Brought Sam Bankman-Fried to Hong Kong. Now, They’ve Got Their Eyes on Taipei.

Jason Fang and Sora Ventures have opened up shop with a marquee office in Taipei 101, and want to revolutionize science with the bitcoin blockchain.

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Judge denies motion by FTX lawyers to delay the bankruptcy process to ‘find out what happened to FTX’

FTX attorneys had asked the court to delay the bankruptcy process until the discovery of how FTX became insolvent became clear.

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The Subtle Art of Slow: The CBDC Adoption Journey

Go to Source Author: Jonas Gross, Conrad Kraft

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