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IMF Proposes Crypto Risk Assessment Matrix for Macrofinancial Impact on Countries
2.10.2023
The International Monetary Fund (IMF) published a working paper that highlights risk management strategies and policy changes for regulators.
The paper titled, “Assessing Macrofinancial Risks from Crypto Assets” released on Sept 29 proposes a crypto-risk assessment matrix (C-RAM) for risk-prone...
Nomura’s Crypto Subsidiary Laser Digital Opens Office in Japan
2.10.2023
Laser Digital, the digital asset subsidiary of financial services giant Nomura, has opened a new Tokyo base, to expand its presence in the Far East.
Former Nomura’s executive director Hideaki Kudo, has been appointed to head the new office in Japan. Kudo has previously worked on several projects...
Franklin Templeton CEO Calls Tokenization 'Securitization on Steroids'
2.10.2023
Tokenization is causing a significant shift in the traditional securitization process, according to Jenny Johnson, the CEO of asset management giant Franklin Templeton.
According to Johnson, tokenization can be described as "securitization done on steroids," given its potential for transforming...
September 2023 Marks Record-High Crypto Exploits with $329 Million Stolen: Report
2.10.2023
On September 30, CertiK confirmed that a total of approximately $332 million had been lost to various exploits, hacks, and scams throughout September....
Read More: September 2023 Marks Record-High Crypto Exploits with $329 Million Stolen: Report
Ex-Chairman of Canaan Jack Kong Faces Crypto Project Hack From Insider
2.10.2023
Jack Kong, former chairman of China-based computer hardware manufacturer Canaan, has disclosed a hack of a cryptocurrency project that he has invested in.
The hacker was reportedly an insider from the crypto project and fled to Thailand following the crime. “The hacker fled to Thailand but he...
Lazarus Group’s New Malware is Harder To Detect, Cyber Security Firm Warns Crypto Firms
2.10.2023
Cyber security experts at ESET have warned firms of the threat posed by the Lazarus Group’s new malware “LightlessCan” saying it is more difficult to detect than previous versions.
According to the firm, the malware is mostly deployed in employment scams luring users to install a malicious payload...
Sam Bankman-Fried Wanted to Pay Donald Trump $5 Billion to Not Run for President in 2024, Big Short Author Claims
2.10.2023
Former FTX CEO Sam Bankman-Fried explored the possibility of offering Donald Trump a staggering $5 billion to dissuade him from running for the United States presidency in 2024, Big Short author Michael Lewis revealed.
During a 60 Minutes interview on October 1, Lewis revealed Sam Bankman-Fried's...
Brazil to Issue Digital IDs for Its 214 Million Citizens Using Blockchain Technology
2.10.2023
Brazil is set to issue digital identification documents for its more than 214 million citizens using blockchain technology.
The states of Rio de Janeiro, Goiás, and Paraná will be the first to adopt this new system, utilizing a private blockchain developed by Serpro, Brazil's national data...
South Korean Court Jails Septuagenarian Bitcoin Fraudster
2.10.2023
A South Korean court has handed a 70-year-old man a jail sentence after finding him guilty of Bitcoin (BTC)-powered fraud.
Kyeonggi Ilbo reported that the unnamed man, identified only by the initial A, was given a one-year prison term for enabling “telecommunications-related financial...
Coinbase Attains Full License to Expand Crypto Payment Services in Singapore
2.10.2023
Crypto exchange Coinbase has secured a full major payment institution (MPI) license under Singapore's Payment Services Act.
Coinbase announced that the recent development comes nearly a year after Coinbase received preliminary approval from the Monetary Authority of Singapore (MAS).
With this...
Google Cloud Is A Validator on Polygon’s PoS Network
30.9.2023
Google Cloud joins Polygon’s Proof-of-Stake (PoS) network as one of its decentralized validators.
In a Sept 29 announcement, the tech giant will become one of the 100+ validators that helps secure the blockchain leveraging Google's reputation for security services in several areas.
Per...
Four More Arrests Made in JPEX Crypto Exchange Probe, Total Detentions Now at 18
30.9.2023
In a recent development, police in Hong Kong and Macau have apprehended four more individuals linked to the ongoing JPEX crypto exchange case, as reported by the South China Morning Post on Friday.
Of the four arrests, two took place in Hong Kong, while Macau Police made the remaining two. This...
CFTC Indicts Mosaic Exchange Founder for Running Fraudulent Crypto Operations
29.9.2023
The US Commodity Futures Trading Commission (CFTC) has announced a civil enforcement action against a crypto trading platform called Mosaic Exchange Limited and its owner, Sean Michael.
In a press release dated September 27, the CFTC disclosed that the Pennsylvania-based limited liability company...
3AC’s Su Zhu Apprehended in Singapore on Flee Attempt
29.9.2023
Su Zhu the founder of bankrupt crypto hedge fund, Three Arrows Capital has been arrested in Singapore while embarking on an attempt to flee according to reports.
According to a disclosure made by Teneo, the fund's liquidator, Zhu was detained at the Changi airport on Friday after a committal order...
Zumo First to Integrate Tech Requirements of FCA’s New Financial Promotion Regime for Crypto Assets
29.9.2023
Digital asset-as-a-service platform Zumo has become the first cryptocurrency platform to integrate the financial promotions technical flow design laid out by the Financial Conduct Authority (FCA).
In June, the FCA published rules on financial promotions for cryptoassets, which will have effect...
Georgia Lists Nine Tech Providers Including Ripple and Bitt For its Next Stage CBDC Pilot
29.9.2023
The National Bank of Georgia (NBG) has shortlisted nine companies to compete as technology partners for the nation's central bank digital currency (CBDC) project dubbed Digital GEL.
The national bank of the Caucasian nation announced Thursday that it will introduce “a Limited Access Live Pilot...
Cogwise is The New AI Crypto Project Providing Traders with Accurate Insights
29.9.2023
Those seeking the hottest pioneering cryptos should not miss Cogwise, a new artificial intelligence (AI) coin equipping traders with never-seen-before tools, processes, and technologies.
With the prevalent AI boom continuing to capture attention, projects blurring the lines between crypto and...
Epic Games Trims Workforce by 16% Due to Unrealistic Metaverse Revenue Projections
29.9.2023
Epic Games, the creator of Battle Royale Smash, Fortnite, is cutting off approximately 830 staff, or 16% of its workforce, as it looks to reduce its costs and create a viable financial ecosystem for the company.
On Thursday, CEO Tim Sweeney confirmed this in a memo later in a blog post....
Shimmer announces the launch of ShimmerEVM
29.9.2023
Shimmer has announced that it has launched ShimmerEVM, a smart contract software that will be an addition to the testnet. The objective here is to provide IOTA with a staging area for decentralized applications. The staging area is an area where dApps are battle-tested before they are fully...
The World Federation of Exchanges Chips Recommendations for Crypto Service Providers as Regulatory Concerns Grow
29.9.2023
The World Federation of Exchanges, WFE has shared its suggestions for the digital asset sectors as user adoption and regulatory fears surges.
In a Sept 28 press release, the exchange body pointed out six recommendations for the sector and regulators to address user fears as some of their members...