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Neo Announces EVM-Compatible Sidechain to Prevent MEV Attacks


Neo, the open-source blockchain platform, has revealed its plans for the development of a new Ethereum Virtual Machine (EVM)-compatible sidechain, a move aimed at expanding its capabilities in the decentralized finance (DeFi) sector. Sidechain Will Offer Interoperability With NEO N3 Mainnet In...

Chinese Ride Sharing Giant Didi Chuxing Rolls out Digital Yuan Services


China’s ride-sharing giant Didi Chuxing has unveiled a new digital yuan service that will let citizens in 250 parts of the nation use their CBDC coins to rent motorcycles. Per the Xi’an Business News Network, the move involves the Didi Chuxing affiliate Didi Qingjue, which operates...

FTX’s Next Move: Three Bidders in the Running for Relaunch


Bankrupt crypto exchange FTX’s new management is evaluating proposals from three potential bidders to revive its trading platform, according to a Bloomberg report. The final decision on how to proceed is expected by mid-December, as stated by Kevin M. Cofsky, an investment banker from Perella...

Mastercard Partners with MoonPay to Explore Multiple Integrations


Digital assets payment platform, MoonPay announced a partnership with global payment firm Mastercard to advance web3 integrations, build connections, and boost marketing tools. MoonPay revealed the new development in a blog post adding on X (Twitter) that Keith Grossman the company’s...

Egypt Becomes First MENA Country to Issue Chinese Yuan-Denominated Bonds


Eygpt has reportedly become the first Middle East North Africa (MENA) region country to issue so-called “panda bonds” after it issued Chinese yuan denominated bonds worth $479 million. Issuing panda bonds marks another step in Egypt’s attempts to move away from costly dollar...

US Chamber of Digital Commerce Backs Binance, Urges SEC to Drop Lawsuit


In a significant move on Thursday, the U.S. Chamber of Digital Commerce, a leading crypto policymaking advocacy group, filed an amicus brief urging the U.S. Securities and Exchange Commission (SEC) to dismiss its lawsuit against cryptocurrency giant Binance. SEC’s Authority Questioned:...

Biggest Movers: SOL Rallies Towards $30, Following 33% Surge in Price


Solana has undoubtedly been one of this week’s biggest gainers, with price rallying by as much as 33% in recent days. The move comes as the global crypto market cap remained mostly in the green to start the weekend. Chainlink was another big mover, hitting a three-week high. Solana (SOL) Solana...

U.S. Treasury Targets Crypto Mixers in Anti-Money Laundering Move


The Biden administration has designated crypto "mixers" as primary money-laundering hubs. In a Thursday notice, United States Treasury Department’s Financial Crimes Enforcement Network (FinCEN) proposed requiring domestic financial institutions and agencies to "implement certain recordkeeping...

Biggest Movers: SOL Moves Back Towards $25, ATOM Hits 16-Month Low


Solana snapped a two-day losing streak on Thursday, as bulls pushed price back towards the $25.00 level. The cryptocurrency was unable to move past this level on Monday, which then prompted the aforementioned sell-off. Cosmos continued to edge lower today, falling to its lowest level in 16 months....

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