Russian lawmakers have criticized Moscow over its “failure” to regulate the crypto sector, claiming that inaction harms the nation’s economy. Per the media outlets Finam and Pravda, lawmakers spoke about the matter on March 13. One MP blasted Moscow for failing to recognize tokens as a valid payment tool. And another called for a system...
Hong Kong’s central bank, the Hong Kong Monetary Authority (HKMA), announced today the launch of the second phase of its e-HKD pilot program. They also invite industry participants to propose potential use cases for the central bank digital currency (CBDC). This initiative aims to delve deeper into the potential of a central bank digital currency...
A recent survey conducted by leading crypto venture capital firm Paradigm reveals that Donald Trump’s poll numbers for the 2024 US Presidential Election enjoy significant support from the crypto community. The survey, which included 1,000 registered voters, found that 48% of crypto owners plan to vote for the former president, while 39% intend to vote for...
NFPrompt, a content generation platform incubated by Binance Labs, disclosed a crypto security breach resulting in the loss of user and platform funds on March 15. The hackers reportedly gained unauthorized access to several wallets, including those belonging to NFP’s administrators, and stole funds. NFPrompt Hit by Crypto Security Breach: Moves to Secure User Assets...
Earlier this year, Binance quietly split from its venture capital division, Binance Labs, and established as an independent entity now valued at $10 billion. This change in operation became effective on March 15 under Binance’s newly appointed Chief Executive Officer, Richard Teng, who assumed the role four months ago. Binance Labs Severs Ties, Maintains Branding...
The Financial Services Authority (OJK), Indonesia’s financial services watchdog, released new rules on March 13 that will cover cryptocurrencies and will come into force in January 2025. OJK’s Fresh Regulation to Strengthen Crypto and Financial Industry The financial regulator released fresh directives that cover actions relating to digital financial assets like cryptocurrency. It is believed...
Binance, the world’s largest cryptocurrency exchange, has announced its plan to delist multiple TrueUSD spot trading pairs as well as a couple of BNB pairs, its native currency. The notice published on Wednesday, March 13, revealed that Binance will remove TrueUSD and BNB pairs that will include PENDLE/TUSD, COMP/TUSD, and EDU/TUSD. Additionally, the BNB duo...
Thailand approved a crypto tax break for individuals holding investment tokens on March 13 to encourage the use of these tokens for fundraising purposes. Capital gains from such holdings are now exempt from personal income tax calculations, even if a 15% withholding tax was previously applied. Thailand Approves Crypto Tax Break According to reports from the...
The South Korean gaming behemoth WeMade is hopeful that its massive blockchain gaming drive is finally starting to pay dividends, media reports claimed on March 13. Business Post claimed that the industry was “paying attention” to the firm amid the crypto bull market. South Korean Gaming Firm’s Token Booming WeMade began its ambitious crypto pivot...
The U.S. Department of Justice has initiated a legal move to seize $2.3 million in cryptocurrency, funds that are traceable back to an elaborate “pig butchering” scam. According to the official press release by the U.S. Attorney’s Office, District of Massachusetts, the authority filed a civil forfeiture action to recover the funds connected to an...