BingX confirms the resumption of withdrawal services following hack
Monetary losses from the BingX hack were initially reported as totaling $26 million, but the figure has since swelled to $52 million.
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The rise and fall of celeb tokens: Over 99% of value wiped out
Celebrity-endorsed tokens on Solana (SOL) have crashed dramatically, leaving investors reeling from massive losses.

Central banks will face unfamiliar challenges to achieve CBDC inclusivity, study says
The potential is there, but the difficulties in achieving financial inclusivity are often underestimated, a Bank of Canada study shows. A common argument made in favor of central bank digital currency (CBDC) is that it could boost financial inclusion. The nuances of how to accomplish that goal, or even what “financial inclusion” means, remain to

Crypto entrepreneur faces potential prosecution in Israel related to $290M scam: Report
The police force of Israel reportedly recommended to prosecutors that Moshe Hogeg be charged with fraud, theft, money laundering, and sex crimes. 347 Total views 22 Total shares Police in Israel have reportedly accused entrepreneur Moshe Hogeg of defrauding users out of roughly $290 million through scams involving crypto projects.According to an Aug. 23 report…

Argo CEO follows resignation trend after company acquisition by Galaxy Digital
The CEO of the cryptocurrency miner Argo Blockchain is the second executive to step down from the company after its acquisition by Galaxy Digital. 234 Total views 4 Total shares Own this piece of history Collect this article as an NFTThe cryptocurrency miner Argo continues to undergo a series of company changes in light of…

Russia’s Gazprombank gets green light for crypto custody in Switzerland
Russian banks tap Bitcoin services abroad while the government at home sees no future for private cryptos. 908 Total views 23 Total shares Major private-owned Russian bank Gazprombank has received regulatory approval to launch cryptocurrency custody services through its Swiss subsidiary.According to an official announcement on Oct. 29, the bank scored approval from the country's…

Singapore Exchange Successfully Trials Blockchain for Tokenized Assets Settlement
Singapore Exchange Limited (SGX), along with the Monetary Authority of Singapore (MAS), have successfully tested the use of blockchain technology for tokenized assets settlement, according to a SGX release issued Sunday, Nov. 11.The report reveals the data on the trial that began in August, shortly after MAS and SGX had partnered with U.S. stock market…

California Bill Would Legalize Crypto for Tax Payments From Cannabis-Related Businesses
Lawmakers in the United States state of California have introduced a bill to allow cannabis-related business to pay fees and taxes in stablecoins. The bill was introduced by the California State Assembly on Feb. 21.Assembly Bill 953 would allow the state, city and county tax offices in California to accept stablecoins — cryptocurrency pegged to…

Hong Kong retains top crypto-ready position for two consecutive years
While Hong Kong grabbed the top spot with a crypto readiness score (CRS) of 8.36, the United States fell down a spot to third place after recording a fall of 6.5% in its CRS score — from 7.7 in 2022 to 7.25. 74 Total views 3 Total shares Hong Kong was crowned the best-prepared jurisdiction