Coinbase Pauses Support for Signature Bank Owned Signet Payment Gateway
Customers of Coinbase Global Inc. have been advised that the company would discontinue its support for the real-time payment network known as Signet, which is operated by Signature Bank. According to a report (1) by the Wall Street Journal (WSJ), Coinbase notified its customers that the payment network of the defunct Signature Bank would no…
No, There Will Be No DefiLlama LLAMA Token; the firm Clarifies
The internal leadership of the decentralized financial (DeFi) analytics firm DefiLlama is at odds with the direction the platform will go in the future. While some DefiLlama staff and investors are in favor of releasing a coin that will be known as LLAMA, others are opposed to the concept. Because of this, any plan to…
CBDC Incompatible with Islamic banking System: IMF
The design of central bank digital currencies (CBDCs) was investigated by the International Monetary Fund (IMF), which discovered certain dangers associated with Islamic banking as a result of their findings. The analysis conducted by the IMF revealed (1), to everyone’s surprise, that the flexibility of CBDCs and foreign exchange would operate in a manner inconsistent…
French Crypto Data Provider Kaiko to Move from Singapore to Hong Kong
Kaiko, a French company that provides statistics on the crypto market, will relocate its base from Singapore to Hong Kong to take advantage of the better opportunities available in the future center for Web3 enterprises. It was revealed in an interview with Ambre Soubiran, the Chief Executive Officer of Kaiko, that the company would be…
Taiwan Appoints This Regulatory Body to Watch Over Crypto Regulations
Following an announcement made by the Financial Supervisory Commission of Taiwan (FSC), it will now serve as the principal regulating body for cryptocurrencies in Taiwan. A number of legislators have advocated for the Ministry of Digital Affairs (MODA) to take the lead role in regulating cryptocurrencies. Notwithstanding this, the FSC made it public by releasing…
FTX Looking for Prospective Buyers to Reboot as FTX 2.0
After the confirmation by the Wall Street investment company Jefferies that it is in discussions with a prospective buyer for the failing FTX exchange, it is possible that plans to establish FTX 2.0 may begin to take shape gradually. After being ordered to cease operations by the relevant authorities, the exchange is anticipated to recommence…
100 ETH of Euler Financial Hack Sent to North Korea! Are We Surprised?
The industry for decentralized finance (DeFi) was shaken up by yet another significant attack during the last week of March. The hack on the DeFi protocol Euler Financial, which resulted in the loss of an enormous $196 million, is now the largest DeFi hack that has occurred in 2023. When investigating the specifics of the…
Bitcoin ATM Operator General Bytes Hacked for $1.5 Million
According to reports, a crypto hack cost Bitcoin ATM manufacturer General Bytes approximately $1.5 million worth of Bitcoin. On March 17 and 18, the company disclosed a security problem that had compromised user information and permitted unauthorized access to such information. The press statement states (1) that the attacker was able to acquire remote access…
DeFiLama Staff Engage in a War-Of-Words Over Launch of LLAMA Token
The staff of the decentralized economic analytics tool, DefiLlama, are now engaged in a dispute. An employee who only identified themselves as 0xngmi stated that the founders of the company were going to issue a LLAMA token without even requesting employee endorsement for the initiative. 0xngmi and a few other developers have distanced themselves from…
Ripple Token XRP Market Cap Crossed $ 20 Billion Amid Crypto Rally
As a result of the recent market rise for digital currencies as a whole, the value of the native XRP token that Ripple issues have recently reached $20 billion. AS of writing this article, t the value of XRP decreased by 1.24% over the past twenty-four hours, while the values of Bitcoin (BTC) increased by…