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TRM Labs Taps Swyftx to Tackle Crypto Scams in Australia


Source: AdobeStock / Bits and Splits TRM Labs has announced a partnership with Australian digital asset exchange Swyftx to reward virtual asset users who take steps to protect their accounts against fraudulent actors in the country. In a recent press release, the blockchain analytics firm announced...

HSBC, Hang Seng Join China’s Digital Yuan Pilot


Source: Eagle/Adobe The international banking giants HSBC and Hang Seng Bank have joined China’s digital yuan pilot. 21st Century Business Herald reported that a group of “four foreign banks” have “officially announced the launch of digital yuan business.” HSBC’s Chinese arm confirmed...

Singapore Central Bank Chief Sees No Future for Private Cryptocurrencies


Source: PIxabay Singapore’s central bank’s managing director, Ravi Menon, emphasized that private cryptocurrencies falling short of fundamental financial service tests will eventually fade from the monetary scene. Menon outlined his vision for the future monetary system, highlighting three...

Kids Want Digital Currency And Subscriptions More Than New Games This Xmas


The Entertainment Software Association (ESA) has revealed new data showing kids want video game-related gifts more than anything else this holiday season. But if you dig into the data a little bit more, you’ll discover that most kids don’t want a new physical game. Instead, what they’re really...

Ethereum Technical Analysis: ETH Hangs Above $2K Range Amid 3% Drop


Similar to bitcoin’s price, the second leading digital currency in terms of market cap, ethereum, is down on Monday, losing 3% against the U.S. dollar. Oscillating within a 24-hour range of $2,017 to $2,088, ethereum maintains a market capitalization of $243 billion. Current technical...

Crypto Scam-Kit Inferno Drainer Shuts Down Operations


Source: AdobeStock / Tomasz Bidermann Digital asset wallet-draining platform, Inferno Drainer has closed shop after helping bad actors drain millions from several cryptocurrency platforms. In a recent Telegram post, the firm announced an end to its operations citing a need to move on after helping...

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