Proprietary trading system operator Osaka Digital Exchange (ODX) is set to launch the trading of digital securities in Japan. This move comes as a response to the growing demand for alternative assets. ODX’s trading system for security tokens will go live on December 25th. Two real-estate firms, Ichigo Inc. and Kenedix Inc., are planning to […]
Justin Sun’s cryptocurrency exchange, Poloniex, has identified the hackers responsible for a recent hack that resulted in the loss of $120 million. The exchange has offered the hackers a $10 million reward if they return the stolen funds by November 25th. Justin Sun, the majority shareholder in Poloniex, confirmed the identification of the hackers and […]
The Monetary Authority of Singapore (MAS) has unveiled its digital money strategy, focusing on wholesale central bank digital currency (CBDC), tokenized bank liabilities, and regulated stablecoins. This comprehensive vision positions Singapore as a frontrunner in the digital finance landscape. MAS aims to facilitate interbank settlement through the development of a wholesale CBDC, with local banks […]
Kronos Research, a market maker, trading firm, and venture capital fund based in Taipei, recently experienced a security breach that resulted in the unauthorized access to its API keys. As a result, the company lost a significant amount of crypto funds and has temporarily halted all trading operations to conduct a thorough investigation. The breach […]
Poloniex, a cryptocurrency exchange, has identified the hacker responsible for stealing $120 million and is offering a $10 million reward for the return of the funds. The majority shareholder of Poloniex, Justin Sun, sent messages on the Ethereum network to the hacker’s addresses, warning them to return the stolen funds or face legal action. The […]
As industry and finance continue to converge, the construction of treasury systems is becoming increasingly important for companies. This transition from cash management to synergistic growth requires a more centralized and secure approach to fund management. One strategic starting point for building treasury systems is leveraging supply chain finance. By deepening the integration of business […]
Lee Jeong-hoon, the former chairman of Bithumb, a major cryptocurrency exchange in South Korea, is currently facing a legal battle that could result in an eight-year prison sentence. Prosecutors allege that Lee intended to manipulate Bithumb’s governance to benefit from exchange coins, bypassing financial regulations. They claim that Lee received payments without disclosing the decision […]
Paxos Digital Singapore, a branch of Paxos, has received In-Principle Approval from the Monetary Authority of Singapore (MAS) to launch a US dollar-backed stablecoin in Singapore. This approval allows Paxos to issue stablecoins in the country by partnering with enterprise clients. The expansion into Singapore is driven by the global demand for the US dollar, […]
In a high-profile case in South Korea’s cryptocurrency market, prosecutors have requested an eight-year prison term for Lee Jung-hoon, the former chairman of Bithumb, the country’s second-largest crypto exchange. The appeal hearing, presided over by Judge Seo Seung-ryeol of the Seoul High Court, focuses on allegations of an $85 million fraud related to the failed […]
Mastercard, a leading payments company, believes that customers are too comfortable with traditional forms of money to readily adopt Central Bank Digital Currencies (CBDCs). According to Ashok Venkateshwaran, a representative from Mastercard, the challenge lies in getting people to adopt CBDCs and use them as easily as they use cash today. To address this, Mastercard […]
