Bank for International Settlement Launches Project Atlas for Enhanced Crypto Surveillance, Potentially Boosting Privacy Coin Adoption

The Bank for International Settlement (BIS) has launched a new crypto surveillance program called “Project Atlas” in collaboration with several European banks. The project aims to gather data for comprehensive transaction surveillance of international crypto asset flows. Project Atlas is currently in the pilot phase and involves the BIS, Eurosystem, De Nederlandsche Bank, and the […]

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Mastercard Develops Technology to Tokenize CBDCs on Multiple Blockchains, Enhancing Convenience and Security

Mastercard has developed a technology that allows central bank digital currencies (CBDCs) to be tokenized on multiple blockchains. This solution enables the wrapping of CBDCs onto different blockchain networks, enhancing convenience and security for consumers. The technology was tested in collaboration with Cuscal and Mintable, as part of a pilot project with the Reserve Bank […]

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Stablecoin Holder Loses Over $100,000 as USDR Plummets on Polygon Network

A stablecoin holder on the Polygon network suffered a significant loss of over $100,000 after panic selling their USDR tokens, which depegged from the US dollar on October 11. The holder swapped 131,350 USDR for zero USDC, allowing a MEV bot to profit $107,000. The USDR stablecoin is issued by Tangible protocol, a decentralized finance […]

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Former CEO of Miami Investment Firm Pleads Guilty to Crypto Fraud Conspiracy

Former CEO of Miami-based investment firm, Peter Kambolin, has pleaded guilty to a conspiracy to commit commodities fraud involving crypto futures contracts. The United States Department of Justice revealed that Kambolin operated a “cherry picking” scheme, misleading investors by marketing his firm as offering algorithmic trading strategies involving futures contracts, including cryptocurrencies and commodities. However, […]

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Voyager Digital and Former CEO Face Legal Action for Fraud and Misleading Customers

The US Commodity Futures Trading Commission (CFTC) has filed a complaint against Voyager Digital and its former CEO, Stephen Ehrlich, alleging fraud and registration failures. The CFTC claims that Ehrlich falsely marketed the Voyager platform as a safe haven for high-yield returns, deceiving customers into purchasing and storing digital assets. The lawsuit seeks penalties including […]

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Circle Granted Permission to Weigh in on SEC Lawsuit Against Binance

Amid the ongoing legal battle between the US Securities and Exchange Commission (SEC) and Binance, a significant development has emerged involving Circle, the issuer of stablecoin USD Coin (USDC). Circle has been granted permission to provide its perspective on the lawsuit as an amicus curiae, or “friend of the court.” District Judge Amy Berman Jackson […]

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BlockFi Founder Reveals Extensive Dealings with Alameda in SBF Trial

Caroline Ellison, a former top deputy to FTX founder Sam Bankman-Fried (SBF), concluded her testimony on the seventh day of the SBF trial. Her detailed account shed light on her complex relationship with SBF, both personally and professionally. While her testimony did not bring any significant breakthroughs for SBF’s defense, it provided insights into the […]

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Massive Flash Loan Attack on BNB Chain Nets Perpetrator $1.575 Million Profit

The BNB Chain recently experienced a significant flash loan attack, resulting in a massive arbitrage profit of $1.575 million for the attacker. The attack took place on the Pancakeswap DEX network and only cost the perpetrator a fee of $4.16. The MEV Bot responsible for the attack manipulated the price of the BH token, exploiting […]

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BitVM Aims to Scale Bitcoin, Not Launch DeFi Applications, Says Developer

One of the developers behind BitVM, a Bitcoin-based virtual machine, has clarified that the technology is primarily focused on scaling Bitcoin rather than enabling decentralized finance applications like Ethereum. BitVM aims to increase Bitcoin’s transaction processing capacity and scalability, rather than implementing smart contracts and supporting a multitude of altcoins. The developer, known as Super […]

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