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Troubled Crypto Lender Babel Finance Eyes Restructuring with Stable Asset Project – How Does it Work?
6.3.2023
The troubled crypto lending firm Babel Finance is working on a new plan to raise money through a crypto-backed stablecoin.
The new stablecoin that is being proposed is called Babel Recovery Coin. The plan is for the coin to maintain a $1 price in the market through a system of trading incentives...
PancakeSwap V3 launches on BNB Smart Chain
6.3.2023
PancakeSwap happens to be a decentralized cryptocurrency exchange. It has made the official announcement that it is all prepared for the launching of its very latest version of the application, the PancakeSwap V3, sometime in the month of April 2023. This is going to take place on the BNB Smart...
Early Tornado Cash Contributor Builds Improved Version of Blacklisted Coin Mixer – Here's How it Works
6.3.2023
Half a year after lead developer Alexey Pertsev was arrested in the Netherlands, the Tornado Cash coin mixer has been rebuilt and redeployed as Privacy Pools.
Originally the thought-child of Vitalik Buterin, Tornado Cash serves to meet demand for a privacy-focused coin mixer on Ethereum....
Belgian Central Bank Governor Says Crypto Winter Was ‘Good News’ – Here’s Why
6.3.2023
The Belgian Central Bank Governor says his organization celebrated the 2022 slump in crypto prices – and says last year’s onset of crypto winter “was good news for us.”
Per Business AM, Governor Pierre Wunsch called the crypto “implosions” of last year “good news in themselves for us.”
The media...
Russia Unveils Mutual Fund for Financing Crypto Mining Operations
3.3.2023
A Russian company has unveiled a new fund intended to finance crypto mining operations in the country.
The new mutual investment fund will be available to qualified investors who can invest a minimum of 300,000 rubles (approx. $4,000), and the money will be used to acquire crypto mining equipment...
SEC Chair Gensler Casts Doubt on Crypto Exchanges' Ability to Meet "Qualified Custodian" Standards – Here's Why
3.3.2023
Crypto exchanges likely do not meet the requirements expected of a qualified custodian, Securities and Exchange Commission (SEC) chair Gary Gensler has said.
Gensler said the fact that exchanges cannot be considered custodians in the legal sense has become clearer as more information has emerged...
Crypto Scammers Preying on Elderly Japanese Singletons – Report
3.3.2023
Crypto scammers are targeting elderly Japanese singles on social media and dating apps. But middle-aged Japanese lonely hearts are also finding themselves in fraudsters’ cross-hairs. And some scammers appear to be targeting yet-younger individuals.
In a column for Nikkan Gendai, the financial...
Brazilian Regulator Says New Crypto Laws Coming – Here’s What to Expect
3.3.2023
The head of the Brazilian financial markets regulator says the body will roll out a “decree” in “the next few days” that will allow government-appointed bodies to better police the sector.
Per the newspaper O Globo, João Pedro Nascimento, the President of the Securities and Exchange Commission...
Billionaire Michael Saylor's Request to Dismiss Tax Evasion Charges Rejected by Judge – Here's the Latest
3.3.2023
A major tax avoidance lawsuit brought against former MicroStrategy CEO Michael Saylor has suffered a big blow. As Judge Yvonne Williams dismisses part of the case as false claims.
In April 2021, disclosures by whistle-blowers alleged that Saylor was avoiding tax in the District of Columbia (D.C)...
Squid x Axelar: Zyberswap gets smooth cross-chain swaps
3.3.2023
Squid’s widget integration has brought lightning-fast and secure cross-chain swaps on Zyberswap. With just a single click, swapping can be done seamlessly between any digital token on supported chains like Arbitrum and more. Zyberswap users can get easy access to cross-chain swaps by navigating...
Japanese Banks to Trial Stablecoins on High-Speed Blockchain – How Does it Work?
2.3.2023
Banks in Japan are starting a trial for issuing fully compliant stablecoins on an ultra-fast but largely centralized blockchain known as the Japan Open Chain.
The bank trials will be the first experiment with stablecoins in Japan that is fully compliant with local laws, a press release sent out...
Top Official Says US Treasury Assessing Viability of Digital Dollar – Here's the Latest
2.3.2023
The US is actively evaluating whether a digital version of the dollar is in the national interest, the US Treasury Department's undersecretary for domestic finance, Nellie Liang has said.
The work to assess the viability of a digital dollar – a form of central bank digital currency (CBDC) – is...
Crypto Accounts for Less Than 2% of El Salvador’s Remittances – Has BTC Adoption Plan ‘Failed?’
2.3.2023
Crypto accounts for less than 2% of all of the remittances made to El Salvador, new government figures show. And critics say this is proof that the nation’s Bitcoin (BTC) adoption plan has failed....
Read More: Crypto Accounts for Less Than 2% of El Salvador’s Remittances – Has BTC Adoption Plan...
Japanese Entrepreneur Yuta Misaki Loses Big in $29m Crypto ‘Gamble of the Century’
2.3.2023
An outspoken Japanese entrepreneur and social media star says he suffered massive losses when he invested $29 million in crypto – and has advised followers to tread cautiously in the crypto markets to avoid similar losses....
Read More: Japanese Entrepreneur Yuta Misaki Loses Big in $29m Crypto...
Nexo Crypto Lender Resolves Multistate Lawsuit with $22.5M Settlement – Here's What Happened
1.3.2023
The crypto lender Nexo has resolved a settlement for $22.5 million with multiple US states, after the Ohio Division of Securities became the latest state regulator to join in.
The firm, which is led by Bulgarian entrepreneur Kosta Kantchev, will pay $424,528.30 per jurisdiction that has joined...
Hacken Doubles Market Share with New Tokenomics Solution, Raises HAI Value
1.3.2023
Web3 security company Hacken has released the Hacken HAI Tokenomics update on March 1 — and it’s quite striking.
In particular, after transforming its community into hDAO, the company plans to give away 10% of its equity for 100,000,000 HAI tokens....
Read More: Hacken Doubles Market Share with...
Goldman Sachs’ Digital-Asset Team Ready to Expand with New Blockchain Platform – Is the Bear Market Over?
1.3.2023
The major Wall Street investment bank Goldman Sachs has said it stands ready to bolster its digital asset team, as it promotes its new tokenization platform GS DAP for new users around the world.
The GS DAP platform – a private and centralized blockchain controlled by Goldman Sachs – was trialed...
Legalizing Crypto Will Undermine Russian Financial System, Warns Central Bank
1.3.2023
Legalizing crypto could “fundamentally” undermine Russia’s financial system, the nation’s Central Bank has warned.
According to the media outlet Informer, Elizaveta Danilova, the bank’s Director of Financial Stability, said that allowing crypto into the Russian financial system would bring about...
Visa Reaffirms Commitment to Crypto Tech Despite Recent Reports – Here's The Latest
1.3.2023
Visa has reiterated its commitment to crypto strategy, refuting recent reports that the payment giant plans to pause crypto push due to uncertain market conditions.
Cuy Sheffield, Visa vice president and head of crypto, said in a recent tweet that the company plans to continue working on...
83% of Japanese Crypto Traders Say They’ll HODL their Coins – Here’s Why
1.3.2023
Over eight in 10 Japanese crypto traders say they intend to HODL their coins this year, a new survey has found.
The survey was conducted in January this year by the Tokyo-based media firm Zero Accel, who spoke to 330 crypto holders in 47 Japanese provinces. Zero Accel explained in a press release...