Memecoin trader loses over $1M following Normie exploit
The unfortunate trader suffered a loss of over 99% on his initial $1.16 million investment following a smart contract exploit.
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French Central Bank Picks Accenture, HSBC and Others for Digital Euro Pilot
The central bank of France is about to start several experimental trials centering the digital euro. 654 Total views 13 Total shares Banque de France has picked eight potential candidates to test the integration of a CBDC for interbank settlements, according to the announcement published earlier today.The list of approved participants includes mainstream juggernauts like…
Wall St. to Washington: Bakkt Launches New Products, CEO Joins Senate
Earlier this week, institutional Bitcoin (BTC) futures platform Bakkt launched two new financial products: the first United States-regulated BTC options and cash-settled futures. The announcement came just three months after the project went live with its physically delivered futures, following a series of delays.Meanwhile, the platform’s CEO, Kelly Loeffler, is reportedly going to replace Georgia…
Iran set to freeze bank accounts of women who refuse to wear a hijab
Iran’s plan to freeze bank accounts reinforces the need for decentralized currencies to exist in tandem with cash and CBDCs. Own this piece of crypto history Collect this article as NFTA member of the Iranian parliament has told local media the government plans to impose new punishments on women who do not wear a hijab…
Binance USD market cap falls below $10B amid rising regulatory concerns
As it stands today, BUSD's market cap has fallen by nearly $14 billion since its all-time high of $23.49 billion on Nov. 15, 2022. 113 Total views 13 Total shares Own this piece of history Collect this article as an NFTBinance USD (BUSD) market cap has fallen below $10 billion for the first time in…
Singapore saw 13x jump in crypto investments in 2021: KPMG
KPMG forecasts that Singapore's crypto investment will remain strong this year with increasing regulatory scrutiny. 563 Total views 5 Total shares Singapore has seen a tenfold increase in crypto-related investments last year worth $1.48 billion, up from $110 million in 2020, according to KPMG's Pulse of Fintech report.As per the study, the city-state has long…
White Label Exchange Provider AlphaPoint Raises $5.6 Million
New York-based white label exchange provider AlphaPoint has raised a further $5.6 million from investors to help scale its exchange technology.AlphaPoint’s tech is currently used as the backend for 150 exchanges across 35 countries, servicing more than a million end users. The funding will be used for platform development and to roll out more sophisticated…
Shanghai PBoC Warns Chinese Public Against Blockchain Investment Schemes
A social media account for the People’s Bank of China is warning citizens against illegal fundraising schemes that involve virtual currencies and blockchain. 867 Total views 21 Total shares The Shanghai branch of the People’s Bank of China (PBoC) published an article detailing the signs of a financial scam, mentioning virtual currency and blockchain as…
Mastercard and Visa Are Making Bold Moves Toward Mass Crypto Adoption
Leading global payment companies Mastercard and Visa have been making moves to accelerate the support of cryptocurrency payment processors by opening up new options for users around the world. Both companies made strong statements in support of the use of cryptocurrencies in July by announcing respective projects and collaborations that are driving the adoption of…