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Qatar Launches CBDC Project: What You Need to Know

The Qatar Central Bank (QCB) has taken a big step in the digital currency world by completing the groundwork for a central bank digital currency (CBDC) project. The first phase of this project has been launched, focusing on settling large payments among local and international banks.

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Crypto Exchange Uphold to Delist Six Stablecoins in Europe 

Cryptocurrency exchange Uphold has announced that it will stop supporting six popular stablecoins for its European users starting July 1. This decision aligns with the European Union’s new Markets in Crypto-Assets Regulation (MiCA).

Bank of Ethiopia (NBE) Prepares for Digital Currency and Economic Reforms 

The National Bank of Ethiopia (NBE) is introducing two significant proclamations as part of the country's economic reform plan. One of these proclamations involves setting up a legal framework to introduce a central bank digital currency (CBDC).

Terraform Labs to Pay $4.47 Billion to SEC 

Terraform Labs has reached a settlement with the United States Securities and Exchange Commission (SEC), agreeing to pay around $4.47 billion. This decision follows a jury finding Terraform Labs and its co-founder responsible for the collapse of the Terra ecosystem, which resulted in a $40 billion loss for investors.

Tether Launches Gold-Backed Stablecoin Alloy (aUSDT) 

Tether has announced the launch of a new gold-backed stablecoin, Alloy (aUSDT), pegged to the U.S. dollar. This is the first asset of its kind issued by Tether, designed to offer the stability of the U.S. dollar combined with the value of physical gold. Alloy can be minted on Tether’s new platform, Alloy by Tether.

Turkey Plans New Taxes on Cryptocurrency Trading 

Turkey is gearing up to introduce new taxes, including a 0.03% transaction tax on cryptocurrency trading. This move is part of a significant fiscal overhaul aimed at addressing the country's budget deficit, which has been exacerbated by the earthquakes in 2023. The new approach also signifies a shift in the regulation of financial transactions.

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Crypto Exchange Uphold to Delist Six Stablecoins in Europe 

Cryptocurrency exchange Uphold has announced that it will stop supporting six popular stablecoins for its European users starting July 1. This decision aligns with the European Union’s new Markets in Crypto-Assets Regulation (MiCA).

Bank of Ethiopia (NBE) Prepares for Digital Currency and Economic Reforms 

The National Bank of Ethiopia (NBE) is introducing two significant proclamations as part of the country's economic reform plan. One of these proclamations involves setting up a legal framework to introduce a central bank digital currency (CBDC).

Terraform Labs to Pay $4.47 Billion to SEC 

Terraform Labs has reached a settlement with the United States Securities and Exchange Commission (SEC), agreeing to pay around $4.47 billion. This decision follows a jury finding Terraform Labs and its co-founder responsible for the collapse of the Terra ecosystem, which resulted in a $40 billion loss for investors.

Tether Launches Gold-Backed Stablecoin Alloy (aUSDT) 

Tether has announced the launch of a new gold-backed stablecoin, Alloy (aUSDT), pegged to the U.S. dollar. This is the first asset of its kind issued by Tether, designed to offer the stability of the U.S. dollar combined with the value of physical gold. Alloy can be minted on Tether’s new platform, Alloy by Tether.

Turkey Plans New Taxes on Cryptocurrency Trading 

Turkey is gearing up to introduce new taxes, including a 0.03% transaction tax on cryptocurrency trading. This move is part of a significant fiscal overhaul aimed at addressing the country's budget deficit, which has been exacerbated by the earthquakes in 2023. The new approach also signifies a shift in the regulation of financial transactions.

Ethereum Struggles to Stay Above $4,000 Despite Surge in Demand 

Ethereum has been facing challenges in maintaining its position above the $4,000 mark, reflecting a lack of momentum in the broader cryptocurrency market.

MicroStrategy to Issue $500 Million in Convertible Notes to Buy More Bitcoin 

Business intelligence firm and long-time Bitcoin holder MicroStrategy has announced plans to offer $500 million in convertible senior notes due in 2032. This move is part of their ongoing strategy to acquire more Bitcoin and support other corporate activities.

Polygon Launches $720 Million Community Treasury to Support Blockchain Projects 

Polygon has announced a significant new initiative, launching a $720 million Community Treasury dedicated to supporting blockchain projects over the next ten years. This move aims to bolster developers working within the Polygon and Ethereum ecosystems.

Crypto.com Receives Regulatory Approval in Ireland 

The Central Bank of Ireland (CBI) has approved Crypto.com as a virtual asset service provider (VASP). This significant milestone allows Crypto.com, one of the world’s largest crypto trading platforms, to expand its services in Ireland.