British multinational bank Standard Chartered has announced its participation in trials of China’s digital yuan central bank digital currency (e-CNY CBDC), making it one of the first foreign banks to do so in the country. Through its partner City Bank Clearing Services Co., Standard Chartered will allow its clients to purchase, exchange, and redeem e-CNY […]
Crypto miner Hive Digital Technologies Ltd. has expanded its data center operations in Sweden with the acquisition of a new property in Boden. This move is expected to enhance Hive’s Bitcoin production capabilities and is strategically located near its existing data center in the region. The company’s expansion aligns with its broader strategy of embracing […]
Circle, the issuer of the USDC stablecoin, has partnered with SBI Holdings, a Japanese securities and banking giant, to increase the circulation of USDC in Japan. The partnership was formalized through a memorandum of understanding (MOU) and requires SBI Holdings to register as an electronic payment services provider in Japan. This collaboration comes after the […]
Ripple’s planned initial public offering (IPO) has been delayed due to the current downturn in the fintech sector. The overall decline in stock values of prominent fintech companies has had a ripple effect on investment decisions across the industry. This market turmoil has also affected the cryptocurrency space, including Ripple and USD Coin (USDC) Circle. […]
Circle, the stablecoin issuer behind USD Coin (USDC), has partnered with Tokyo-based financial services firm SBI Holdings to promote the adoption of USDC and Web3 services in Japan. The collaboration was formalized through a memorandum of understanding (MOU) signed on November 27. This move comes after the Japanese government revised the Payment Services Act to […]
Indexed Finance, an Ethereum-based project that was previously hacked for $16 million, has successfully defended against two hijacking attempts. The project’s decentralized autonomous organization (DAO) control will now be returned to its founders, who plan to allocate the remaining treasury to the victims of the 2021 hack.In a detailed thread on X, Laurence Day, a […]
Cryptocurrency exchange Zipmex has announced that it will suspend all digital asset trading in Thailand in order to comply with regulatory requirements. The company has decided to temporarily halt its operations to align with the criteria set by the Securities and Exchange Commission (SEC) in Thailand. This suspension will be effective from November 25, 2023, […]
The Nigeria Police Force has announced the arrest of a politician, Ambassador Wilfred Bonse, in connection with the theft of over $246,153 from Patricia Technologies’ crypto wallet. Bonse is accused of assisting hackers in laundering $61,538 from the stolen funds. The police have made significant progress in investigating the financial fraud case, which involves criminal […]
Ripple, the company behind the XRP cryptocurrency, has announced a new partnership with Uphold, a Web3 financial platform specializing in liquidity management. The aim of this partnership is to enhance Ripple’s cross-border payment network by leveraging Uphold’s expertise in liquidity management. Ripple offers a comprehensive suite of financial solutions to both enterprise-level clients and mass […]
Changpeng Zhao, the founder of Binance, the world’s largest cryptocurrency exchange, has filed a legal brief opposing the government’s motion to prevent him from returning to the United Arab Emirates (UAE) while awaiting sentencing. Zhao recently pleaded guilty to failing to maintain an effective anti-money laundering program as part of a global resolution that resulted […]
