Japanese financial group DeCurret Holdings published details this week regarding its upcoming DCJPY digital currency project. Slated for launch in 2024, the initiative looks to introduce a new privately-issued crypto asset. According to DeCurret’s white paper, DCJPY will be backed 1:1 by bank deposits in Japanese yen. The network will consist of a financial zone […]
Bricks (BRICK), the native token associated with Reddit’s r/Fortnite community, has surged over 110% in the past 24 hours, according to market data. The rally comes amid another broader downturn in the cryptocurrency markets. Trading volume for BRICK spiked to around $750,000 across exchanges, an 800% increase compared to recent activity. The price shot up […]
According to former engineer Aditya Baradwaj, crypto hedge fund Alameda Research lost at least $190 million in arguably preventable exploits due to lax security practices. In a recent tweet thread, Baradwaj said Alameda’s “breathtaking” agility led to major security lapses every few months on average. He cited an incident where a trader lost over $100 […]
JPMorgan has implemented its first live collateral settlement using its private blockchain network Onyx, in collaboration with BlackRock and Barclays. The transaction saw BlackRock tokenize money market fund shares, which were then transferred as collateral for a derivatives contract. By leveraging blockchain for settlement, JPMorgan states the process was near instantaneous compared to the typical […]
The Hong Kong Police Force has issued a warning after 11 Hong Kong-based Binance customers fell victim to a series of phishing scams delivered via text messages. This recent wave of cyberattacks has raised concerns about the security of cryptocurrency assets and the need for heightened vigilance among crypto investors. In a public advisory shared […]
Crypto traders suffered more than $100 million in liquidations on Monday as digital asset prices dropped sharply amid escalating conflict in the Middle East. According to data from CoinGlass, $105 million worth of long positions were wiped out as crypto prices tumbled due to the fighting between Israel and Hamas. This marked the highest daily […]
The UK’s Financial Conduct Authority (FCA) added several major crypto exchanges, like Huobi’s HTX and KuCoin, to its list of unregistered firms on Sunday. The warning list cautions consumers to avoid dealing with listed entities. Under UK rules, crypto companies must register with the FCA or acquire temporary permissions to operate legally. Failure to comply […]
South Korean crypto exchange Upbit faced over 159,000 hacking attempts in the first six months of 2022, according to its operator, Dunamu. The figure represents an 117% increase compared to the same period last year and an 1,800% rise since early 2020. Upbit is one of South Korea’s largest exchanges, with around $1.2 billion in […]
The surging popularity of Ethereum staking since major network upgrades has engendered trade-offs around centralization and declining yields, according to analysts at JPMorgan. In a research note, the Wall Street Bank highlighted the rapid growth of liquid staking protocols like Lido, which now control over 30% of staked Ether. While adding diversity, Lido’s prominence still […]
A director from Argentina’s central bank publicly endorsed the country’s planned central bank digital currency (CBDC) as a potential remedy for economic issues. Juan Agustín D’Attellis Noguera stated in a recent TV interview that the “digital peso” could help stabilize Argentina’s troubled economy by 2024. He cited the CBDC’s traceability as a key benefit for […]