Vietnam police bust crypto scam ring linked to offshore actors

MINA, a utility token backed by a "lightweight" smart contracts platform of the same name, continued its upside move nine days after rebounding from $1.58, its lowest level to date.The coin rallied by about 75% to reach $2.75 as of March 24 as traders weighed a high-profile funding rounds involving the sale of $92 million worth…

Japan’s Financial Services Agency (FSA) plans to bolster its workforce by 12 personnel to better handle the growing influx of applications for crypto exchange licenses, Reuters Japan reported September 12.At a crypto exchange study group meeting Wednesday, the FSA’s vice commissioner for policy coordination, Kiyotaka Sasaki, said that the agency is currently conducting its oversight…

BTC/USD is more likely to reach $300,000 in a year's time, the popular analyst says, thanks to an "amplified bullish feedback loop." 2283 Total views 2 Total shares Bitcoin (BTC) hitting $300,000 in just one year’s time is “not out of the question,” popular statistician Willy Woo says.In a series of tweets on Dec. 1,…

The world’s largest cryptocurrency exchange Binance has released a report on crypto donations to provide relief for West Japan following devastating floods in mid-July, according to a blog post published Oct. 24.From late June to mid-July, record downpours in southwestern Japan caused floods and landslides, wherein over 8 million people were advised to evacuate across…

The unfolding short-squeeze on GameStop stock to the detriment of major hedge funds "could not be allowed to continue." 2514 Total views 13 Total shares Robinhood, the stock trading app formerly popular with millennials, is facing another class-action suit, following its recent temporary suspension of purchases of GameStop and other “meme-stocks” through its platform.The lawsuit,…

Though Russia has become a global leader in the crypto market, the Bank of Russia is still skeptical about Bitcoin. 161 Total views 25 Total shares Russian people are among the world’s most active participants of the cryptocurrency market, according to the country’s central bank.The Bank of Russia published a fresh review on financial stability…

Yale Professor Gary B. Gorton and Jeffery Zhang of the Board of Governors of the Federal Reserve System have co-authored a 49-page paper called, “Taming Wildcat Stablecoins.” 851 Total views 5 Total shares The Federal Reserve’s ongoing research into central bank digital currencies, or CBDCs, has broadened to include stablecoins and whether they can be…

Ethereum 2.0 is expected to launch within months, but new scaling solutions and gas-free transactions are already here. The network is also growing more popular, with the number of active wallets more than doubling since January to around half a million.Synthetix scales up optimisticallyThe developers behind the second-largest DeFi protocol, Synthetix, have partnered with Ethereum…

"Neither of the current CBDCs in circulation, such as the Sand Dollar and the digital yuan, accrue interest on deposits," said Yang. 233 Total views 5 Total shares As reported by local news outlet bnext.com on Wednesday, Chin-long Yang, governor of the Central Bank of the Republic of China (Taiwan), recommended a no-interest design for…