Central bank digital currencies (CBDCs) are garnering increasing attention globally, with around 60% of countries exploring their development. However, widespread adoption of CBDCs for retail use faces major hurdles, according to Ashok Venkateswaran, Mastercard’s blockchain lead for Asia-Pacific. In an interview with CNBC, Venkateswaran stated that there is not yet enough justification for the broad […]
The National Pension Service (NPS) of South Korea has purchased a sizable stake in leading cryptocurrency exchange Coinbase, marking the pension fund’s first investment in the company. According to a recent SEC filing, the NPS acquired over 280,000 Coinbase shares in Q3 2022, a position now worth $27.7 million. The NPS, one of the world’s […]
Crypto infrastructure firm Paxos has received in-principle approval from the Monetary Authority of Singapore (MAS) for a new entity planning to launch a U.S. dollar-backed stablecoin in the city-state. The new firm, Paxos Digital Singapore Pte. Ltd., gained initial approval to offer digital payment token services and intends to issue a dollar-pegged stablecoin aligned with […]
A new cybersecurity vulnerability dubbed “Randstorm” may affect millions of cryptocurrency wallets created from 2011 to 2015, putting billions in digital assets at potential risk, according to blockchain security experts. On November 14th, cybersecurity firm Unciphered publicly disclosed information about Randstorm, a vulnerability impacting crypto wallets generated through web browsers during the early years of […]
The founder of a knock-off Mutant Ape NFT collection has pleaded guilty to conspiracy to commit wire fraud, admitting to scamming investors out of $3 million. French national Aurelien Michel was arrested for masterminding the fraudulent project in early January. According to the U.S. Attorney’s Office, Michel peddled the fake, non-fungible tokens by falsely promising […]
Cryptocurrencies have emerged as the second most commonly held investment asset among adults in France, according to a recent survey by the Organisation for Economic Co-operation and Development (OECD). The poll, published by France’s main financial regulator, AMF, found 9.4% of the French population owns crypto assets. This places cryptocurrency just behind real estate funds, […]
Major cryptocurrency exchange Crypto.com has been granted a license to provide various virtual asset services in Dubai. The regulatory approval represents a key expansion for Crypto.com in the Middle East region. The company announced Tuesday that its Dubai entity, CRO DAX Middle East FZE, received approval from the emirate’s Virtual Asset Regulatory Authority (VARA) to […]
Major stablecoin issuer Tether has minted around $4 billion worth of new USDT tokens over the past month across the Tron and Ethereum blockchains. On November 10, Tether minted another 1 billion USDT on the Tron network, according to blockchain tracking service Whale Alert. This comes just days after Tether issued 1 billion USDT on […]
Major South Korean cryptocurrency exchange Bithumb is gearing up to make history as the first digital asset trading platform to go public in the country. According to local news outlet Edaily, Bithumb is preparing for an initial public offering (IPO) on the KOSDAQ, South Korea’s junior stock exchange, with a targeted listing date in the […]
Nearly 50 national governments have jointly pledged to implement new international tax reporting standards for cryptocurrency transactions. The commitment comes via a statement published on November 10th regarding the Crypto-Asset Reporting Framework (CARF). CARF was developed by the Organisation for Economic Co-operation and Development (OECD) based on a mandate from G20 nations in April 2021. […]