The Bank of England (BoE) and the United Kingdom’s Financial Conduct Authority (FCA) have commenced a consultation process regarding the draft guidance for their Digital Securities Sandbox (DSS) for its distributed ledger technology (DLT) testing. Participants will be able to use the sandbox to test products and services based on distributed ledger technology by autumn...
On-chain data suggests that less Bitcoin (BTC) is sitting on crypto exchanges than ever within the past six years. According to CryptoQuant’s Bitcoin Exchange Reserve dashboard, balances on such platforms dwindled to just 1,945,051 BTC as of April 2, 2024. By comparison, Bitcoin exchange reserves stood at 2,087,030 BTC at the start of the year,...
The arraignment of two Binance executives held against their will by Nigerian authorities has been postponed until April 19 as the country seeks criminal charges against the Nigeria crypto duo, an Abuja court hearing reveals. Binance’s head of financial crime compliance, Tigran Gambrayan, and the regional manager for Binance in Africa, Nadeem Anjarwalla, were originally...
Ethena Labs has announced plans to scale the USDe stablecoin by adding Bitcoin as an additional backing asset. In their latest social media posts, Ethena shared that integrating Bitcoin as a backing asset aims to increase USDe’s current stability of $2 billion. This update seeks to leverage Bitcoin‘s liquidity to enhance the stablecoin’s existing framework....
Former FTX customers are finally able to take a sigh of relief knowing that Sam Bankman-Fried has been sentenced to 25 years in prison. Manhattan Federal Judge Lewis Kaplan issued the 25-year sentence to Bankman-Fried, while prosecutors pegged the FTX saga to be one of the biggest financial frauds in American history. But while this...
The Securities and Exchange Commission (SEC) in the Philippines said the retail trading platform eToro is unauthorized to sell or offer securities to the public in the Philippines. In the announcement, the regulatory body which oversees the registration and regulation of securities said while it appears eToro is a registered broker/dealer in different jurisdictions, in...
South Korean crypto voice phishing attackers are developing more sophisticated ways to dupe victims out of cash and tokens, a report claimed on April 4. Per the newspaper Segye Ilbo, most attackers are now pushing their victims onto bogus crypto exchanges designed to look like bona fide platforms. South Korean Crypto Voice Phishing Crime on...
In the wake of Bitcoin (BTC/USD) rebounding from a crucial $65,000 support level, the market is buzzing with speculation about its next move. With BTC surpassing the $69,000 threshold amid preparations for the imminent halving event, investors are keenly assessing the potential impact on its value. This analysis delves into the factors influencing Bitcoin’s price...
Sony Bank, the financial arm of the renowned Japanese gaming and entertainment conglomerate, Sony Group, has embarked on a proof-of-concept endeavor to introduce its stablecoin, pegged to fiat currency like Yen, as per a Nikkei report. The bank says it is experimenting with the possibility of issuing its yen-backed stablecoin as a form of payment...
The “real” Bitcoin (BTC) “bull run” is yet to start, a South Korean crypto firm CEO has claimed. The comments came from Chung Seok-moon (also known as Peter Chung), the head of the Presto Research Center, in an interview with the newspaper Hanguk Kyungjae. ‘Real BTC Bull Run’ on Its Way? Chung is the former...