The Moscow Credit Bank in Russia is responsible for the most recent noteworthy event: issuing a blockchain-based promissory note denominated in Chinese yuan. According to the current exchange rate, this service is the first of its kind to be offered anywhere in the country and comes with a bank guarantee of more than 100 million … Read more
Following the failure of Terra Luna UST and FTX in 2022, there has been a growing chorus of voices in the United States advocating for regulating crypto asset markets. Already, authorities in the United States are investigating the FTX and Alameda case, and key personnel, including former Chief executive Sam Bankman-Fried (SBF) and ex-FTX head … Read more
When the testing process of the CBDC, digital dollar – the eAUD, officially begins, the Reserve Bank of Australia (RBA) has revealed that it will be working along with payments firm Mastercard. The Reserve Bank of Australia has stated that it plans to investigate a wide range of applications for its central bank-issued digital currency … Read more
In response to the recent $9.1 million security breach, Platypus Finance has established a compensation webpage for its customers. Users are able to check how much the platform owes them by using this portal, which operates in accordance with the decentralized finance (DeFi) protocol. The Platypus team clarified that in the event that customers uncover … Read more
OKX, a cryptocurrency exchange, confiscated upwards of $2 million in a total of Tether’s USDT stablecoins on Tuesday, February 28. The tokens were reportedly connected to five cryptocurrency accounts involved in “malevolent price manipulation” of the Celestial (CELT) token. In addition, the cryptocurrency exchange plans to re-credit all affected users with a total of three … Read more
Coinbase Global Inc., whose stock is traded on the NASDAQ under the symbol COIN, has launched several projects in an effort to accelerate the acceptance of cryptocurrencies in the United States with the launch of Crypto 435. The company, which is the most prominent cryptocurrency exchange that is publicly traded, is aware of the importance … Read more
The cryptocurrency exchange known as Binance has responded to a report published by Forbes that asserts it secretly moved $1.8 billion in customer collateral. As AcyptoAnnals reported earlier, the leading cryptocurrency exchange reportedly shifted the assets that backed stablecoins without telling its consumers of the move. According to the report published by Forbes, Binance shifted … Read more
The two individuals believed to have exploited the Platypus Protocol have been taken into custody by the French National Police. The police department confirmed the arrest after it was announced (1) on the official Twitter handle of the organization. The authorities did not reveal the names of the individuals or the charges that have since … Read more
Yuzo Kano, one of the co-founders of the bitcoin exchange bitFlyer based in Japan, intends to reassess his position as CEO during a stakeholder meeting that will take place the following month. Kano intends to revive the cryptocurrency company and accelerate its expansion in the direction of an initial public offering (IPO) within the next … Read more
Key Takeaways An investigation into possible instances of money laundering was initiated when a local bank noticed an uptick in deposits reaching more than 10 million yuan. The entire amount of money the Chinese government seized is equal to $18.6 million USD. The Chinese authorities have arrested 63 persons on suspicion of utilizing cryptocurrencies to … Read more