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China’s Shenzhen Launches Digital Yuan Industrial Park
12.10.2023
A group of Chinese firms will move into a CBDC-themed “digital yuan industrial park.”
Per the Shanghai Securities News and the Securities Times, the Southeastern city of Shenzhen held an “official launching ceremony” for its “first digital yuan industrial park” on the morning of October 11.
The...
Crypto Stolen From Indian Businessman Used by Hamas in Attacks on Israel
12.10.2023
Nearly 4 crore INR ($480,000) crypto stolen from a businessman in Delhi, India has been traced back to crypto accounts linked to Hamas by Indian police.
Indian authorities received input from Israeli intelligence agency Mossad regarding some suspect wallets that were being used by terror...
Russia Could Use Digital Ruble to Evade SWIFT, Wants Foreign Banks to Use its CBDC
12.10.2023
Russia’s Central Bank thinks its digital ruble could let citizens pay abroad without making use of the SWIFT banking platform – and wants to let foreign banks use its CBDC.
Per the Russian IT-focused media outlet CNews, the Central Bank has drafted a bill that, if passed, would allow foreign banks...
Brazilian Congressional Committee Recommends Indictment of Binance CEO and Three Other Executives
11.10.2023
A Brazilian congressional committee has recommended the indictment of four Binance senior executives, including the company's CEO and founder Changpeng Zhao.
The committee, which had been investigating crypto-related Ponzi schemes in Brazil, has the authority to make suggestions, while...
Pepe Price Drops Another 5% While Latest Hot Meme Coin Meme Kombat Blasts Past $450,000
11.10.2023
Wednesday, October 11th, 2023 – Pepe’s price has dropped another 5% while the latest hot meme coin, Meme Kombat, raises $453,000 as investors buy into its gaming vision of battling meme characters.
The struggles of Pepe to stay relevant continue, even though it is still the third-largest meme coin...
Biggest Crypto Gainers Today on DEXTools – Godzilla, AOKIJI, DEE
11.10.2023
Blue chip cryptocurrency prices are lower across the board on Wednesday in wake of the latest US Producer Price Index (PPI) inflation numbers, which came in hotter than expected.
Bitcoin (BTC) was down close to 2.5% on the day and back in the mid-$26,000s, its lowest level of the month so...
Today in Crypto: New Monopoly Edition to Showcase Crypto, Tokens.com Launches Customized Multiplayer Game in Fortnite for Sleep Tech Company
11.10.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: New Monopoly Edition to Showcase Crypto, Tokens.com Launches Customized Multiplayer Game in Fortnite...
Rebuilding Reputation: Crypto Industry Seeks Legal and Compliance Experts
11.10.2023
The cryptocurrency industry has been grappling with major challenges, including the collapse of FTX, fraud allegations, and the fall of some other high-profile companies.
This has created a need for legal and compliance professionals in the crypto sector, particularly due to the growing...
US Supermarket Trader Joe’s Takes Legal Action Against Crypto Project Over Name Resemblance
11.10.2023
Popular US supermarket chain Trader Joe’s has sued decentralized exchange (DEX) Trader Joe for federal trademark infringement.
According to the filing, the DEX’s branding is designed to allow it to profit from the supermarket’s reputation by “causing confusion as to the source, sponsorship...
Indian Government Collects Over $12 Million From Crypto Taxes
11.10.2023
India’s Central Board of Direct Taxes (CBDT) has collected more than 100 crore INR ($12 million) from one percent TDS (Tax Deducted at Source) on crypto transactions in this financial year.
The Indian government had implemented one percent direct tax on all crypto transactions from July...
More Russian Banks Say They’ll Join Digital Ruble Pilot – CBDC Advances?
11.10.2023
More Russian banks will join the digital ruble pilot, with Center-invest Bank, which mainly operates in the nation’s south, set to trial the CBDC next year.
Per Rostov Gazeta, Center-invest Bank has “signed a digital ruble [partnership] agreement with the [CBDC’s] operator, the Central Bank.”
The...
Sam Bankman-Fried Wrote a Draft Twitter Thread For Alameda Closure Two Months Before FTX Collapse
11.10.2023
Former FTX boss Sam Bankman-Fried had written a draft Twitter thread to announce the possible closure of his hedge fund Alameda Research.
The thread, which was drafted in September 2022, reveals that Bankman-Fried considered announcing the closure of Alameda Research, the trading firm...
Rise in Chinese Banks Issuing Digital Yuan Corporate Loans
11.10.2023
More Chinese banks are issuing loans in the digital yuan, the nation’s central bank digital currency (CBDC), as e-CNY corporate financing options diversify.
Per Nanhai Net (via Hainan News), the latest development has taken place on the island province of Hainan, in the city of Sanya....
Read...
Biggest Crypto Gainers Today on DEXTools – DEE, KINGDOM, LOONG
10.10.2023
Major blue-chip cryptocurrencies continue to slide, with Bitcoin (BTC) last trading in the $27,300s, down close to 1%, and Ether (ETH) last trading just to the north of $1,550 and down a little over 1%.
Bitcoin remains in a short-term uptrend, but is threatening a downside break, which would...
Crypto Exchanges Adapt: Coinbase, Revolut, and Binance Update Apps for UK Regulations – Here's the Latest
10.10.2023
Leading crypto exchanges Coinbase, Revolut, and Binance have updated their mobile and web applications to comply with the new regulations from the United Kingdom Financial Conduct Authority (FCA).
Coinbase and Revolut informed their customers via email about the changes, which included...
Today in Crypto: Fines and Prison for Unregistered Crypto Firms in Cyprus, OrdinalsBot Raise $1 Million, Zimbabwe Gold is Now a Payment Method
10.10.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Fines and Prison for Unregistered Crypto Firms in Cyprus, OrdinalsBot Raise $1 Million, Zimbabwe Gold...
Bitstamp Crypto Exchange Seeks Collaboration with European Banks to Boost Crypto Adoption
10.10.2023
The world’s longest-running crypto exchange Bitstamp is in talks with three large European banks about offering crypto services.
The 12-year-old exchange is in talks to help the banks begin offering these services possibly in the first quarter of 2024.
Cryptonews has reached out to Bitstamp...
FTX CEO Sam Bankman-Fried's Legal Battle Expands to Lawyers' Involvement
10.10.2023
As the trial of Sam Bankman-Fried enters its second week, his lawyers are seeking to question FTX co-founder Gary Wang about his reliance on legal advice regarding loans from Alameda Research.
In a legal filing made late Monday night, Bankman-Fried's defense team requested permission from...
Shiba Inu Price Prediction as SHIB Could Skyrocket to $0.00003000 – Will History Repeat Itself with an 822% October Surge?
10.10.2023
The price of Shiba Inu (SHIB) has inched upwards by 0.5% in the past 24 hours, reaching $0.00000692 as the wider cryptocurrency market dips very slightly across the same period.
SHIB is now down by 5% in a week and by 6% in the last 30 days, with the meme token also having lost 14.5% of its value...
Sam Bankman-Fried's Legal Battle: Lawyers May Already Be Eyeing an Appeal
10.10.2023
Daniel C. Silva, former assistant US attorney and shareholder at law firm Buchalter, believes that Sam Bankman-Fried's defense might be setting the stage for a potential appeal if the disgraced crypto boss is found guilty.
By focusing on minutiae, the defense could argue that they were deprived...