South Korea is set to launch a groundbreaking project involving digital currency as part of its efforts to modernize its financial infrastructure. Starting in the fourth quarter of 2024, the country will initiate a pilot program with the participation of 100,000 citizens, marking a significant step towards the nationwide implementation of digital currencies.The pilot program, […]
Blast, a recently launched platform in the crypto finance landscape, has been making waves despite facing allegations of being a Ponzi scheme. The founder, Tieshun Roquerre, has vehemently denied these claims and clarified that the platform’s 4 to 5% yield is derived from reputable platforms like Lido and MakerDAO. With a Total Value Locked (TVL) […]
The Nigeria Police Force has announced the arrest of a politician, Ambassador Wilfred Bonse, in connection with the theft of over $246,153 from Patricia Technologies’ crypto wallet. Bonse is accused of assisting hackers in laundering $61,538 from the stolen funds. The police have made significant progress in investigating the financial fraud case, which involves criminal […]
Ripple, the company behind the XRP cryptocurrency, has announced a new partnership with Uphold, a Web3 financial platform specializing in liquidity management. The aim of this partnership is to enhance Ripple’s cross-border payment network by leveraging Uphold’s expertise in liquidity management. Ripple offers a comprehensive suite of financial solutions to both enterprise-level clients and mass […]
Binance, one of the largest cryptocurrency exchanges, has reached a $4.3 billion settlement with the U.S. government. This settlement is seen as a significant step towards the potential approval of spot Bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). The settlement involves Binance agreeing to have compliance monitors overseeing its operations […]
SEC Commissioner Hester Peirce, also known as “Crypto Mom,” has expressed her support for the approval of a spot Bitcoin Exchange Traded Fund (ETF) in the United States. In an interview with Bloomberg, Peirce stated that there is no reason for the SEC to stand in the way of such an ETF. This statement has […]
The film industry is embracing blockchain technology and the concept of tokenization, which allows individuals to have a stake in the financial outcome of a film. One example of this is the Spanish documentary “Bull Run,” which raised 320,000 euros in just 24 hours through tokenization. The film’s backers were given BULL tokens, which represent […]
The UK has given the green light for authorized investment funds to implement tokenization in the investment sector. This move aims to enhance efficiency, transparency, and competitiveness within the industry. The initiative is a result of collaboration between the Technology Working Group of the government’s Asset Management Taskforce, the Financial Conduct Authority (FCA), and HM […]
Christine Lagarde, the president of the European Central Bank (ECB), revealed that her son lost a significant amount of money in cryptocurrency investments despite her warnings. Lagarde has been vocal about her skepticism towards cryptocurrencies, considering them highly speculative and popular among criminals for money laundering. She advocates for strong regulations to protect consumers and […]
Newly elected Argentine President Javier Milei has reaffirmed his commitment to closing down the country’s central bank, dismissing rumors that he may backtrack on this promise. In a statement posted on Twitter, the Office of President Milei clarified that the closure of the Central Bank of the Republic of Argentina (BCRA) is non-negotiable. Milei has […]
