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02:32
JPMorgan freezes accounts of several stablecoin startups, involving high-risk markets such as Venezuela
BlockBeats news, December 27, according to The Information, in recent months, JPMorgan has frozen accounts used by at least two fast-growing stablecoin startups operating in high-risk countries such as Venezuela. The bank's move highlights the risks that cryptocurrency transactions pose to banks, as banks must know their business counterparts and the sources of funds. The bank froze Blindpay's account.
02:30
JPMorgan Freezes Several Stablecoin Startup Accounts, Involving Venezuela and Other High-Risk Markets
BlockBeats News, December 27th. According to The Information, in recent months, JPMorgan Chase has frozen accounts used by at least two fast-growing stablecoin startups, which operate in high-risk countries such as Venezuela. This action by the bank highlights the risks that cryptocurrency transactions pose to banks, as banks need to understand their counterparties and the source of funds. The bank froze Blindpay's account.
02:27
Flash Loan Whale Engages in ETH Long Position, Sells 5000 ETH in Under 1 Hour
BlockBeats News, December 27th, according to Embermonitor, in the past 1 hour, the whale 0xa339, who went long on ETH through a leveraged loan, continued to sell 5000 ETH and swapped them for 14.6 million USDC. He has sold a total of 35,605 ETH ($1.037 billion) in the past 11 days, with an average price of $2,914, realizing a profit of $13.14 million. He still holds 15,000 ETH ($43.88 million).
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