Kumo
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11 months, 1 week ago
MAS Director Criticizes Bitcoin as a 'Private Cryptocurrency' for Failing the Test of Money
At the GDEC 2023 conference, Ravi Menon, the Managing Director of the Monetary Authority of Singapore (MAS), criticized Bitcoin and similar digital currencies, questioning their viability as a form of money. Menon…
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11 months, 1 week agoSolana (SOL) Price Slips Below $55 Amidst Market Sell-Off
Solana (SOL), a competitor to Ethereum Layer-1, has seen a decline in price recently, falling below $55 amidst a broader market sell-off. Despite this correction, SOL remains above its 50-day and 200-day…
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11 months, 1 week agoBinance Founder CZ Remains in U.S. Amid Sentencing Consideration
Binance founder Changpeng “CZ” Zhao is currently required to stay in the U.S. as a federal judge reviews a motion from the U.S. Department of Justice. This motion seeks to keep Zhao in the country until his sen…
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11 months, 1 week agoHong Kong Cryptocurrency Exchange Scam Results in $18.9 Million Loss
Hong Kong authorities have reported that 145 users fell victim to a scam by the unlicensed cryptocurrency exchange Hounax, resulting in a loss of $18.9 million. The exchange claimed to be licensed and cooperated…
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bob wrote a new post
11 months, 1 week agoHong Kong Cryptocurrency Exchange Scam Results in $18.9 Million Loss
Hong Kong authorities have reported that 145 users fell victim to a scam by the unlicensed cryptocurrency exchange Hounax, resulting in a loss of $18.9 million. The exchange claimed to be licensed and cooperated…
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bob wrote a new post
11 months, 1 week agoUS Government's Potential Strategy to Control Bitcoin Sparks Debate Among Experts
In a thought-provoking exchange on X, Matteo Pellegrini, founder of the Orange Pill app, has sparked a significant debate among Bitcoin experts and enthusiasts. Pellegrini shared insights from a recent conversation…
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bob wrote a new post
11 months, 1 week agoUS Government's Potential Strategy to Control Bitcoin Sparks Debate Among Experts
In a thought-provoking exchange on X, Matteo Pellegrini, founder of the Orange Pill app, has sparked a significant debate among Bitcoin experts and enthusiasts. Pellegrini shared insights from a recent conversation…
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bob wrote a new post
11 months, 1 week agoHSBC and Hang Seng Bank Join China's Digital Yuan Pilot, Signaling Foreign Banks' Adoption of CBDCs
International banking giants HSBC and Hang Seng Bank have joined China’s digital Yuan pilot, marking a significant moment for foreign banks in the digital currency space. This move comes shortly after HSBC l…
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bob wrote a new post
11 months, 1 week agoHSBC and Hang Seng Bank Join China's Digital Yuan Pilot
International banking giants HSBC and Hang Seng Bank have joined China’s digital Yuan pilot, marking a significant moment for foreign banks in the digital currency space. This move comes shortly after HSBC l…
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bob wrote a new post
11 months, 1 week agoCoinbase Users Notified of CFTC Subpoena in Connection with Bybit Investigation
Coinbase, a popular cryptocurrency exchange, has revealed that it has been subpoenaed by the U.S. Commodity Futures Trading Commission (CFTC). The email sent to Coinbase users did not provide detailed information…
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bob wrote a new post
11 months, 1 week agoCoinbase Users Notified of CFTC Subpoena in Connection with Bybit Investigation
Coinbase, a popular cryptocurrency exchange, has revealed that it has been subpoenaed by the U.S. Commodity Futures Trading Commission (CFTC). The email sent to Coinbase users did not provide much information about…
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bob wrote a new post
11 months, 1 week agoRobert F. Kennedy Jr. Warns of Threat to Personal Freedom with Central Bank Digital Currency (CBDC) and Advocates for Bitcoin as Solution
Robert F. Kennedy Jr., an environmental lawyer and anti-vaccine activist, recently expressed his concerns about Central Bank Digital Currency (CBDC) and its potential impact on personal freedom. In an interview on…
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11 months, 1 week agoJPMorgan Chase and Apollo Collaborate on Tokenized Enterprise Mainnet for Asset Management
Executives from JPMorgan Chase and Apollo have announced plans for a tokenized ‘enterprise mainnet’ as part of the Monetary Authority of Singapore’s Project Guardian pilot project. This collaboration aims to test…
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11 months, 1 week agoIMF Urges Accelerated Adoption of Central Bank Digital Currencies (CBDCs) Amid Rising Cryptocurrency Popularity
The International Monetary Fund (IMF) is concerned about the growing popularity of cryptocurrencies and the limited adoption of central bank digital currencies (CBDCs). IMF Director Kristalina Georgieva has…
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11 months, 1 week agoCircle USDC Forms Strategic Partnership with SBI Holdings to Boost Web3 Adoption in Japan
Leading stablecoin issuer Circle Internet Financial has announced a strategic partnership with SBI Holdings, a major XRP holder, to enhance Web3 development and adoption in Japan. The partnership aims to prepare…
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11 months, 1 week agoSouth Korea to Launch Pilot Program for CBDC-Based Deposit Tokens
South Korea is preparing to launch a pilot program for deposit tokens based on a central bank digital currency (CBDC). This initiative, led by the Bank of Korea and financial authorities, will enable 100,000…
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bob wrote a new post
11 months, 1 week agoTron Blockchain Surpasses Bitcoin in Use by Hezbollah and Hamas
The Tron blockchain has surpassed Bitcoin in popularity among terror groups Hezbollah and Hamas, according to a recent analysis by Reuters. The number of Tron (TRX) wallets seized has seen a significant increase…
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11 months, 1 week agoFounder of Binance Ordered to Stay in the US Until Sentencing
Changpeng Zhao, the founder and former CEO of Binance, the world’s largest cryptocurrency exchange, has been ordered by a US federal judge to remain in the United States until his sentencing in February. The j…
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11 months, 1 week agoFTX Users File Class-Action Lawsuits Against Mercedes-Benz F1 and MLB Over Alleged Fraud and Unregistered Securities Promotion
Mercedes-Benz Formula One team and Major League Baseball are facing class-action lawsuits filed by FTX users, accusing them of aiding and abetting FTX’s alleged fraud and promoting unregistered securities. The l…
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bob wrote a new post
11 months, 1 week agoSouth Korea to Launch Pilot Program for CBDC-Based Deposit Tokens
South Korea is preparing to launch a pilot program for deposit tokens based on a central bank digital currency (CBDC). This initiative, led by the Bank of Korea and financial authorities, will enable 100,000…
