The mBridge project, a platform developed by central banks for cross-border payments, is transitioning to a new Chinese blockchain consensus protocol. This move is expected to attract millions of users and position mBridge as a direct competitor to SWIFT, the messaging network used by banks and financial institutions for secure information exchange. The success of […]
Crypto Aid Israel, an emergency relief fund created to support Israeli victims of Hamas terrorism, has received over $185,000 in donations despite suffering a phishing attack. The initiative has distributed 200,000 NIS, around $49,000, to various organizations spearheading the relief efforts in the region. Beneficiaries of the donations include the Foundation for Advancing Citizens of […]
The Federal Deposit Insurance Corporation (FDIC) is under pressure to address the risks associated with cryptocurrencies. The Office of the Inspector General has issued a report urging the FDIC to assess and prepare for the challenges posed by the evolving crypto landscape. The report emphasizes the need for a comprehensive risk assessment and outlines recommendations […]
United States-based crypto advocacy organizations are criticizing Senator Elizabeth Warren and other lawmakers for their claims about the connection between terrorist group Hamas and cryptocurrency financing. Warren and over 100 lawmakers signed a letter calling for action to curb illicit crypto activity used to fund Hamas and the Palestinian Islamic Jihad. In an op-ed, Warren […]
New York Attorney General Letitia James has filed a lawsuit against cryptocurrency industry players Gemini Trust, Genesis Global Capital, and Digital Currency Group (DCG). The legal action revolves around Gemini Earn, a joint venture between Genesis and Gemini that promised high returns on cryptocurrency deposits. However, James alleges that these returns were based on misleading […]
In the world of blockchain, understanding token dynamics is crucial, especially when it comes to layered networks. Recently, the Shiba Inu community witnessed a significant token burn of 97 million SHIB on the Shibarium Layer-2 (L2) network. Shibarium is a blockchain platform built on top of Ethereum that caters to decentralized applications (dapps). This burn […]
Grayscale Investments has taken a significant step towards gaining approval for a US spot Bitcoin exchange-traded fund (ETF). The company has filed an S-3 registration statement with the US Securities and Exchange Commission (SEC) to register shares of its Grayscale Bitcoin Trust (GBTC). This move indicates Grayscale’s intention to list the shares on NYSE Arca […]
South Korean authorities have expressed concerns about SUI Network, citing discrepancies in the circulating supply of their token and potential fraud. The government audit revealed that the token’s value has plummeted by over 91% since its launch in May, leading regulators to suspect undisclosed self-interests by the SUI Foundation. Lawmakers, including Min Byung-deok, believe that […]
Ripple Labs Inc. has partnered with Tokentus Investment AG, a Frankfurt-based investment company specializing in the blockchain sector, to advance the growth and adoption of the XRP Ledger (XRPL). This collaboration is part of Ripple’s XRPL Accelerator Program, which aims to support emerging start-ups by providing mentorship and guidance. Tokentus, listed on the Munich stock […]
