Shortly after disclosing plans to investigate how to utilize a CBDC and issue a digital pound, authorities from the Bank of England (BoE) and the UK Treasury stated that having a central bank digital currency in the United Kingdom could provide lucrative opportunities for businesses located in the area. Ben Broadbent, who serves as the deputy … Read more
The Blockchain Founders Fund (BFF), a venture capital fund based in Singapore that invests in the most successful blockchain firms worldwide, has raised $75 million for its Fund II, which just recently ended. After the announcement (1) of the major close of its Fund II in early 2022, the venture capital fund made public on … Read more
The crypto-focused conglomerate Digital Currency Group (DCG) published its annual report on February 27, 2022. The report covered the year 2022. The significant correction in the cryptocurrency industry, combined with the business’s restructuring of its Genesis loan platform, resulted in the company reporting a net loss of $1.1 billion. DCG’s revenue for the fourth quarter … Read more
The meteoric expansion of the cryptocurrency business has caused a dramatic shift in the focus of regulatory attention worldwide, a generally positive development. The digital economy has presented a more viable alternative for revitalizing commercial activity in light of the widespread devastation that the recessions associated with Covid-19 have wreaked on the economies of most … Read more
With the failure of FTX and Alameda before the end of 2017, the cryptocurrency exchange known as Binance, which is currently the largest in terms of daily traded volume and total user base, is the subject of intense scrutiny. Crypto experts have found malicious transactions within the firm’s wallets, even though the company has published … Read more
The wildly successful Playboy Mansion will soon be available in Playboy’s Metaverse. Liz Suman, the lead of Playboy’s Web3 team, recently revealed (1) at NFT Paris that the “Playboy MetaMansion” will be available to users during the current year. Even individuals who are not a part of the magazine’s “Rabbitar” NFT-holding club will be … 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
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
On Friday, an amendment document was released in connection with the United Kingdom’s Financial Services and Markets bill (1). This paper gives the impression that the United Kingdom’s government wants to regulate cryptocurrency and prohibit unlicensed service providers. The Minister of Financial Services, Andrew Griffith, made the following statement in the amendments paper: “to clarify … Read more
Cybercriminals are taking advantage of vulnerabilities in the smart contracts that govern decentralized finance (DeFi) platforms, according to a new warning that was issued by the Federal Bureau of Investigation (FBI) on Monday. The warning focused on attacks against decentralized finance (DeFi) platforms. According to the agency, which cites a report published in April 2022 … Read more