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Major Iranian private bank goes bankrupt, roiling 42M customers

After accumulating around $8 billion worth of losses and debt, Iran’s Ayandeh Bank has been dissolved, with customer assets absorbed by the state-owned Bank Melli. Source: https://cointelegraph.com/rss Major Iranian private bank goes bankrupt, roiling 42M customers

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Bitcoin is no inflation hedge but thrives when the dollar wobbles: NYDIG

Bitcoin doesn’t consistently act as a hedge against inflation, but it has instead “evolved into a liquidity barometer,” says NYDIG’s Greg Cipolaro. Source: https://cointelegraph.com/rss Bitcoin is no inflation hedge but thrives when the dollar wobbles: NYDIG

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Zcash pumps 30% after Arthur Hayes’ ‘vibe check’ tips $10K target

Zcash rallied 490% in the last 30 days and also crossed the $5 billion market capitalization threshold for the first time on Sunday. Source: https://cointelegraph.com/rss Zcash pumps 30% after Arthur Hayes’ ‘vibe check’ tips K target

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Money giant Western Union to pilot stablecoin-powered transfers

Western Union CEO said there are “significant opportunities” to utilize stablecoins for sending and receiving money across borders. Source: https://cointelegraph.com/rss Money giant Western Union to pilot stablecoin-powered transfers

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Kyrgyzstan launches stablecoin on BNB Chain, confirms future CBDC rollout

A stablecoin is now live in Kyrgyzstan, which confirmed plans to launch a CBDC and explore a national crypto reserve after meeting with strategic adviser Changpeng Zhao. Source: https://cointelegraph.com/rss Kyrgyzstan launches stablecoin on BNB Chain, confirms future CBDC rollout