Circle, the issuer of the USDC stablecoin, has partnered with SBI Holdings, a Japanese securities and banking giant, to increase the circulation of USDC in Japan. The partnership was formalized through a memorandum of understanding (MOU) and requires SBI Holdings to register as an electronic payment services provider in Japan. This collaboration comes after the […]
Vienna-based Raiffeisen Bank International is set to launch crypto trading services for retail customers by the end of January 2024. The bank has partnered with Bitpanda, a crypto exchange, to offer this new service. Customers in Vienna will be able to access Bitpanda’s platform through the Raiffeisen app on their mobile devices. This move reflects […]
Circle, the stablecoin issuer behind USD Coin (USDC), has partnered with Tokyo-based financial services firm SBI Holdings to promote the adoption of USDC and Web3 services in Japan. The collaboration was formalized through a memorandum of understanding (MOU) signed on November 27. This move comes after the Japanese government revised the Payment Services Act to […]
Inferno Drainer, a notorious crypto wallet-draining kit, has announced its permanent shutdown after aiding phishing scammers in stealing approximately $70 million worth of cryptocurrency this year. The team behind Inferno Drainer expressed gratitude to their users but stated that nothing lasts forever. While the files and infrastructure required to run the wallet drainer will remain […]
Former Ethereum advisor Steven Nerayoff has announced his plans to launch a groundbreaking AI-driven web3 project. Nerayoff, who has turned into a critic of the Ethereum project and its co-founder Vitalik Buterin, has been vocal about his time working for the world’s second-largest cryptocurrency. He has accused Buterin of manipulating the network for personal gains […]
The ISO 20022 standard is revolutionizing global financial communication by improving data handling and processing in financial transactions. This standard, originally designed for traditional banking transactions, has now expanded to include cryptocurrencies, bringing about a new era of interoperability and standardization in financial communications.Nine major cryptocurrencies, including Quant, Ripple, Stellar, Hedera, IOTA, XDC Network, Algorand, […]
Indexed Finance, an Ethereum-based project that was previously hacked for $16 million, has successfully defended against two hijacking attempts. The project’s decentralized autonomous organization (DAO) control will now be returned to its founders, who plan to allocate the remaining treasury to the victims of the 2021 hack.In a detailed thread on X, Laurence Day, a […]
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) […]
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 […]
