Category: Blockchain

Hong Kong police announced Friday the authority has dismantled a cryptocurrency investment scam involving at least 11 million Hong Kong dollars. At least 19 people are under arrest.  According to the local authority, the group deceived victims’ money by enticing the public to invest in cryptocurrencies as early as last year. On August 18 and

In an interview with the Wall Street Journal on August 19, the US Securities and Exchange Commission chairman Gary Gensler warned that decentralized finance (DeFi) platforms are not immune to oversight by the market regulator. Gensler went further and said that DeFi projects have features that make them look like the type of entities regulated

The Australian Border Force (ABF), the Infocomm Media Development Authority of Singapore (IMDA), and Singapore Customs have completed a blockchain-based trial that helps reaffirm the possibilities that trade documents can be issued and verified digitally across two independent systems, reducing cross-border transaction costs. The trial was conducted alongside major industry stakeholders, including the Australian Chamber of

Polygon Network, a blockchain startup focusing on developing Ethereum scalability solutions, has expressed its willingness to create a Decentralized Autonomous Organization (DAO) model of harmonising communications amongst its growing community. As revealed in a blog post, the protocol is seeking comments from its community members on the right option for the protocol as it looks

Binance, the world’s largest cryptocurrency exchange, has again been flagged by the Netherlands Central Bank, De Nederlandsche Bank (DNB), as an illegal entity operating in the country. Per a press release issued by the apex bank, Binance is allegedly offering crypto-related services without proper registration with the DNB, a move that pitches the Changpeng Zhao

Headquartered in Pontiac, MI. UWM Holdings Corp, a large-scale wholesale mortgage lender in the United States, said it plans to accept cryptocurrency to satisfy mortgage payment this year. United Wholesale Mortgage (UWM), the nation’s largest home mortgage loan wholesale company, underwrites and provides closing documentation for residential mortgage loans originated by independent mortgage brokers, correspondents,

US cryptocurrency exchange Coinbase announced Thursday that it has partnered with Japan’s largest bank Mitsubishi UFJ Financial Group (MUFG), to expand cryptocurrency trading in Japan. The cooperation between Coinbase and the banking giant Mitsubishi UFJ Financial Group, which has 40 million Japanese customers, is fully in line with its strategic goals for global development, Coinbase

Facebook Inc has announced that its much-awaited digital wallet Novi is ready to go to the market. In a blog post published on Medium.com on August 18, David Marcus, the head of Facebook Financial, wrote that the Novi wallet is set to be integrated into the Facebook app. Marcus expressed confidence in Novi’s ability to

Online cryptocurrency exchange Liquid Exchange was attacked by hackers today and transferred approximately $80 million worth of cryptocurrency. The cyberattack confirmed by Liquid Exchange officially that Liquid Global warm wallets were compromised. The exchange revealed that the Liquid team is moving assets into the cold wallet.  Subject to this attack, Liquid has suspended withdrawals and deposits, and the

Ukraine’s Ministry of Digital Transformation has announced plans to pay the national digital currency, central bank digital currency (CBDC), for its employees’ salaries. In a recent interview with Ukraine media outlet TSN, Mykhailo Fedorov, minister of Digital Transformation, said his ministry plans to test out Ukraine’s CBDC, the digital hryvnia, implementing the electronic currency in employees’ salary