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Ripple-Backed Evernorth Eyes $132M Funding Amid XRP Buying Plans

Key Takeaways Full cash exercise of public warrants could generate about $132.2 million. Completed advance and delayed placements brought $224.55 million in cash. Ripple contributed 126,791,458 XRP to Evernorth’s operating subsidiary. Evernorth Plans Further XRP Purchases Through Capital Raising Buying additional XRP forms part of the financing strategy that Evernorth Holdings Inc. (Nasdaq: XRPN) outlined…

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Coinbase and HTX Among Six Crypto Platforms Facing Restrictions in Kazakhstan

Coinbase, HTX, and four other crypto platforms are facing access restrictions in Kazakhstan after a court backed the regulator’s legal action. Kazakhstan is moving to restrict access to six unlicensed crypto platforms after a court-backed action by the Astana Financial Services Authority (AFSA). On September 15, the Astana International Financial Center (AIFC) Court granted…

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Canada P2P crypto activity falls as student permit numbers decline

Canada’s monthly peer-to-peer crypto activity has fallen from a spring 2024 peak near 650,000 transactions alongside a decline in study permits, a pattern Chainalysis has linked to changes in the country’s international student population. Summary The study describes a population-level correlation, without establishing that international students caused the transaction decline. Government figures show 71% fewer…

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Stablecoin Laundering Network Lands Colombian Crypto Broker in Prison

Key Takeaways Colombian crypto broker Leonardo Zuluaga Duque received 160 months in prison for laundering drug proceeds. Prosecutors traced $14.5 million in Tether’s USDT through American shell companies and Colombian businesses. Maximilien de Hoop Cartier’s unlicensed crypto operation transmitted more than $470 million in illicit proceeds. Colombian Crypto Broker Gets 160 Months as USDT-Centric Drug…

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