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Coinbase and Circle Shake Up the Crypto World With Approval to Trade in France

As 2023 ends, France is embracing cryptocurrency with new regulatory approvals from Coinbase and Circle. Coinbase gained a Virtual Assets Service Provider license, allowing the platform to offer crypto trading and custody services in the world's seventh-largest economy. This aligns with the EU and international regulatory framework on the crypto-asset asset markets, established in June of this year. Additionally, Coinbase is expanding its reach to institutional foreign investors. Circle, a stablecoin issuer, received conditional registration and seeks a Payment Services Provider license.

These developments contrast the stricter U.S. stance, where Coinbase faces legal challenges over crypto token classifications. The EU's new crypto-asset regulation framework, MiCA, adds another layer to the evolving landscape. This marks a significant shift in crypto regulation, affecting investors and firms globally.

🌐👉 For more details on how these regulatory changes impact the crypto industry and its users, read more [HERE].

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Shiba Inu Memecoin Set to Revolutionize Crypto Email by Launching ".shib" Domain

The Shiba Inu memecoin team is collaborating with internet domain firm D3 to acquire a new ".shib" domain, aiming to bridge Web2 and Web3 technologies. This move, if approved, would enable Shiba Inu coin holders to create unique web addresses and email addresses with a ".shib" suffix, which is compatible with standard email applications and web browsers. Additionally, D3 plans to introduce "name tokens" for SHIB users, facilitating easier transactions across blockchains.

Despite this development, SHIB's market value remained largely unaffected, remaining 18th among all cryptocurrencies. Separately, Shiba Inu's new Shibarium Blockchain has garnered over 1 million users and is set to go public soon. Shibarium aims to address the fundamental issues that have plagued Ethereum, such as expensive gas fees and slow transaction times. The steps to secure the “.shib" domain are significant in integrating cryptocurrency with everyday internet tools, potentially transforming how digital assets are used and managed.

🌐👉 For more on the Shiba Inu Team’s latest initiative, read the full article [HERE].

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$58 Million Vanishes in Crypto Phishing Scams - How Safe is Your Digital Wallet?

A sophisticated 'Wallet Drainer' scam has been draining funds through phishing ads on Google search and X ads, amassing $58 million from over 63,000 victims in just nine months. Scam Sniffer, an anti-scam platform, detailed how the scam, first spotted in March, operates. Blockchain investigator ZachXBT identified nine phishing ads on X, most linked to a common wallet drainer.

These ads use regional targeting and page-switching to evade detection, often mimicking legitimate domains. Recently, the NFT trading platform NFT Trader was similarly hacked, leading to significant NFT theft. The platform warned users to revoke permissions to compromised smart contracts. Cryptocurrency scammers have stolen over $1 billion since 2021, and the number of scams increased significantly in the third quarter of 2023, including ransom demands from hackers.

🌐👉 To better understand these threats and protective measures, read more [HERE].

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• Minister of Foreign Affairs Says You Can Now Pay Your Contracts in Bitcoin in Argentina

• China Goes All In on Web3, Blockchain, Despite Crypto Ban

The Editor's Insights

Articles that deserved an honorable mention.

Solana...Wow. After overcoming the FTX crash, Solana has outpaced Ethereum in DEX trading volume, jumping over $10 billion in only a week. Now, it's the fifth-largest cryptocurrency! Solana crawled back up despite the FTX-related sell-offs. Its DeFi growth, lower gas fees, and memecoin frenzy help drive activity on their platforms. Improvements in network stability and how most BONK and WIF memecoin conversions to SOL strengthened Solana's position in the top 5. Solana's focus on Blockchain gaming is setting it apart from other networks. Diverse, innovative games like Star Atlas and Aurory showcase Solana's technological prowess and appeal in the gaming sector. (DETAILS)

The United Nations Pilots a DAO. A new initiative led by the United Nations Internet Governance Forum and the Government Blockchain Association focuses on integrating Blockchain technology into public sector governance. This project includes the creation of a Distributed Autonomous Organization that aims to enhance transparency and integrity in decision-making processes, moving beyond Blockchain's financial applications. This approach promises to streamline public services, like healthcare, education, and transportation, especially for underserved communities, more efficiently. The initiative aligns with the U.N. Global Digital Compact's goals, emphasizing digital access, sustainable development, and trust in technology. Adopting this model globally could significantly improve financial equity for underbanked individuals, offering a blueprint for other nations to follow in leveraging technology for inclusive and effective governance. (DETAILS)