Hong Kong authorities have reported that 145 users fell victim to a scam by the unlicensed cryptocurrency exchange Hounax, resulting in a loss of $18.9 million. The exchange claimed to be licensed and cooperated with legal financial institutions, but was listed as a suspicious platform by the Hong Kong Securities Regulatory Commission. Hounax allegedly used […]
In a thought-provoking exchange on X, Matteo Pellegrini, founder of the Orange Pill app, has sparked a significant debate among Bitcoin experts and enthusiasts. Pellegrini shared insights from a recent conversation with an undisclosed source, revealing a potential strategy by the US Government to exert control over Bitcoin through a spot Exchange-Traded Fund (ETF).According to […]
In a thought-provoking exchange on X, Matteo Pellegrini, founder of the Orange Pill app, has sparked a significant debate among Bitcoin experts and enthusiasts. Pellegrini shared insights from a recent conversation with an undisclosed source, revealing a potential strategy by the US Government to exert control over Bitcoin through a spot Exchange-Traded Fund (ETF).According to […]
International banking giants HSBC and Hang Seng Bank have joined China’s digital Yuan pilot, marking a significant moment for foreign banks in the digital currency space. This move comes shortly after HSBC launched digital asset custody services. HSBC China customers can now access personal digital Yuan wallet services using their debit cards. They can seamlessly […]
International banking giants HSBC and Hang Seng Bank have joined China’s digital Yuan pilot, marking a significant moment for foreign banks in the digital currency space. This move comes shortly after HSBC launched digital asset custody services. HSBC China customers can now access personal digital Yuan wallet services using their debit cards. They can seamlessly […]
Coinbase, a popular cryptocurrency exchange, has revealed that it has been subpoenaed by the U.S. Commodity Futures Trading Commission (CFTC). The email sent to Coinbase users did not provide detailed information about the investigation, but it stated that Coinbase was requested to provide information about its users’ accounts and transaction activity. Coinbase assured its users […]
Coinbase, a popular cryptocurrency exchange, has revealed that it has been subpoenaed by the U.S. Commodity Futures Trading Commission (CFTC). The email sent to Coinbase users did not provide much information about the nature of the investigation, but it stated that Coinbase was requested to provide information about its users’ accounts and transaction activity. Coinbase […]
Robert F. Kennedy Jr., an environmental lawyer and anti-vaccine activist, recently expressed his concerns about Central Bank Digital Currency (CBDC) and its potential impact on personal freedom. In an interview on the “What Bitcoin Did” podcast, Kennedy warned that CBDC could be used by governments to track individuals’ spending, giving them complete knowledge of every […]
Executives from JPMorgan Chase and Apollo have announced plans for a tokenized ‘enterprise mainnet’ as part of the Monetary Authority of Singapore’s Project Guardian pilot project. This collaboration aims to test the use of digital assets for investment and management of portfolios, automated portfolio rebalancing, and customization at scale. The new system has already processed […]
The International Monetary Fund (IMF) is concerned about the growing popularity of cryptocurrencies and the limited adoption of central bank digital currencies (CBDCs). IMF Director Kristalina Georgieva has emphasized the need for guidance in implementing CBDCs to ensure safety, efficiency, and to counter fragmentation. Despite efforts to promote CBDC adoption, countries that have introduced CBDCs […]
