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People’s Bank of China Still Combating Virtual Currency, Stablecoin Trading


Chinese financial regulators reaffirm strict stance against cryptocurrency activities, emphasizing their illegal status and potential financial risks. On November 28, 2025, the People’s Bank of China convened a coordination meeting involving multiple government agencies, including the Ministry...

Bitcoin Falls off a Cliff as $91K Support Vaporizes


Bitcoin’s price on Sunday just before 8 p.m. Eastern time flashed a dramatic breakdown as a wave of heavy selling torched support and dragged the price from the mid-$91,000 region into the high-$86,000s in a matter of minutes. After a decent stretch of quiet, orderly trading, everything snapped...

U.S. Bank Explores Stablecoin Issuance on Stellar Network


U.S. Bank tests custom stablecoin development on Stellar blockchain, highlighting innovative approaches to programmable digital banking infrastructure. U.S. Bank is conducting a strategic exploration of stablecoin technology using the Stellar network, partnering with PwC and the Stellar Development...

Paxos Acquires Fordefi to Enhance Institutional Crypto Custody Infrastructure


Paxos strengthens its blockchain infrastructure by acquiring Fordefi, a multi-party computation (MPC) wallet technology provider trusted by nearly 300 global institutions. Paxos has announced the acquisition of Fordefi, a New York and Tel Aviv-based institutional-grade custody and wallet technology...

Paypal Launches $1M Bitcoin Sweepstakes for Crypto Transactions in the US


Paypal offers over $1 million in bitcoin prizes through a nationwide sweepstakes for US residents, with multiple winning tiers and entry methods. Paypal is hosting a cryptocurrency sweepstakes from November 17 to December 21, 2025, offering participants multiple ways to win bitcoin prizes....

First-Ever State Bitcoin Purchase Puts Texas in the Spotlight


Texas has become the first U.S. state to obtain bitcoin exposure with public funds, allocating $10 million to its new Strategic Bitcoin Reserve. Texas formally entered the bitcoin arena on Nov. 20, 2025, when officials deployed $10 million of surplus budget funds to acquire bitcoin exposure...

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