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China’s Digital Yuan Scores Taiwan First with Bond Offering
7.11.2023
China’s digital yuan has completed another historic CBDC first, with a Taiwan-based firm “successfully” issuing e-CNY bonds. The offering, an ultra-short-term financing bond, was launched by Xiamen Xiangyu Group (XMXYG), a Mainland Chinese financial firm based in Xiamen that also...
MacOS Malware KandyKorn Targets Crypto Owners
3.11.2023
A new MacOS malware, known as KandyKorn and linked to the notorious Lazarus Group, has recently been identified. The malware was discovered by the Elastic Security Labs. According to an official report published by the blockchain security firm, KandyKorn relies on social engineering tactics...
Onyx Protocol Suffers $2.1M Loss in Defi Breach, Fraction of Funds Redirected to Tornado Cash
1.11.2023
Multiple sources have confirmed that Onyx Protocol, a decentralized finance (defi) platform, has been compromised in a security breach, resulting in a loss of $2.1 million. In the wake of this attack, a fraction of the stolen crypto assets, originally from the cross-token liquidity market, were...
Lack of Global Regulation and Inconsistencies Could Hinder Stablecoin Cross-border Utility: CPMI Report
31.10.2023
Financial authorities continue to tip stablecoins as a pathway to better cross-border payments but a new report shows that regulations, competition, and network scale pose threats to wider adoption. The Committee on Payment and Market Infrastructures (CPMI) explained the vast utilities...
SBF Concludes Testimony, Defense Rests Case
31.10.2023
FTX founder Sam Bankman-Fried completed his grueling three-day testimony in Manhattan federal court on Tuesday. Being careful with his word choice, Bankman-Fried faced intense questioning from US Assistant Attorney Danielle Sassoon regarding his role in FTX’s demise. SBF’s potential...
SBF Concludes Testimony, Defense Rests Case
31.10.2023
FTX founder Sam Bankman-Fried completed his grueling three-day testimony in Manhattan federal court on Tuesday. Being careful with his word choice, Bankman-Fried faced intense questioning from US Assistant Attorney Danielle Sassoon regarding his role in FTX’s demise. SBF’s potential...
LIVE: Sam Bankman-Fried Retakes Stand After Rough Cross-Ex in FTX Fraud Trial
31.10.2023
Sam Bankman-Fried is set to testify for a fourth and likely final day in his ongoing trial
Drawbacks of Stablecoin Cross-Border Use Outweigh Benefits: Global Payments Watchdog
31.10.2023
Existing stablecoins aren't fully compliant with relevant regulatory requirements, a report by the Committee on Payment and Market Infrastructures said
SBF Admits Alameda had “Special Privileges” on FTX, Closes out Second Day of Testimony
30.10.2023
FTX founder Sam Bankman-Fried finished out his second day of testimony in his landmark fraud case this afternoon in Manhattan federal court. With U.S. Assistant Attorney Danielle Sassoon leading the cross-examination,Bankman-Fried gave mostly curt answers while often denying recalling specific...
SBF Testifies: “F-ck Regulators”
30.10.2023
Sam Bankman-Fried continued his testimony while fielding grilling questions from the prosecution in Manhattan federal court on Monday morning.  The defense finished their direct examination of Bankman-Fried earlier this morning, prompting Bankman-Fried to begin his cross-examination conducted...
Affine & Chainlink: Pioneering the future of cross-chain NFTs!
27.10.2023
Affine might be a single DeFi platform, but it links to many blockchains. To ensure all these chains can communicate securely, they’re allying themselves with CCIP Chainlink. At the moment, Affine is actively using Polygon and Ethereum networks. Both of which have seen substantial growth in their...
Prosecutors Probe Sam Bankman-Fried’s Memory in FTX Case Without Jury
27.10.2023
Federal prosecutors questioned Sam Bankman-Fried in an ongoing hearing on Wednesday about his message deletion practices and the alleged use of customer funds while he was CEO of now-bankrupt crypto exchange FTX. FTX Founder Faces Intensive Cross-Examination by Prosecutors in Ongoing Trial...
Bitcoin to Score 'Golden Cross' After 30% Price Surge in Two Weeks
26.10.2023
The bullish pattern comes months ahead of bitcoin's fourth mining reward halving
JPMorgan’s JPM Coin Facilitates $1 Billion in Daily Transactions as Banking Giant Targets Cross-Border Settlements
26.10.2023
JPMorgan Chase & Co.’s digital token, JPM Coin, currently handles $1 billion worth of daily transactions, Global Head of Payments, Takis Georgakopoulos revealed. Georgakopoulos revealed in an interview on Bloomberg Television that JPM Coin is currently transacted daily, primarily in...
Ripple Joins Forces With Uphold to Improve Cross-Border Crypto Payments Liquidity
25.10.2023
Ripple has partnered with Uphold to improve its cross-border crypto payments infrastructure. Uphold will provide Ripple with “enhanced crypto liquidity capabilities.” Ripple offers services in over 55 countries, with payout capabilities in more than 70 markets, the company said...
Singapore Firm Strikes Cross-border Digital Yuan Deal with Chinese Bank
24.10.2023
A Singaporean payments firm has sealed a “cross-border” digital yuan cooperation deal with a major Chinese bank, in another breakthrough for the CBDC.
Per the Shanghai Securities News, the deal was concluded by Thunes, a global payment infrastructure provider, and the China Construction Bank...
Chinese digital yuan CBDC used for first time to settle cross-border oil deal
23.10.2023
CBDC and de-dollarization saw major strides last week with the 1-million barrel deal on the Shanghai Petroleum and Natural Gas Exchange
Hashing It Out: Diving into cross-chain DeFi lending
19.10.2023
MultiChainZ chief operating officer Aanchal Thakur believes that cross-chain lending platforms will open users up to more liquidity
Crypto.com announces upgrades to Smart Cross Margin
19.10.2023
Crypto.com will be making certain identified and necessary improvements on the Smart Cross Margin within the Crypto.com Exchange. The modifications will become effective on October 30, 2023. Some of the factors included in the improvements include increased capital effectiveness. Through this,...
SEC Chairman Gary Gensler Warns AI Could Spark Financial Crisis in Next Decade
18.10.2023
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has warned that artificial intelligence (AI) could spark a financial crisis in the next decade. Noting that he has raised this concern at the Financial Stability Board and at the Financial Stability Oversight Council, the SEC chief...