The market capitalization of USDC dropped to $46 billion on Monday. Binance has converted all stablecoin holdings to its own Binance USD stablecoin. Circle’s stablecoin USD Coin has lost all of its early 2022 gains after a 7-week rise in May and June brought its market value beyond $56 billion,
October 11, 2022 1 min read
The European Parliament voted in favor of the law by a margin of 28 to 1. It also requires stablecoin businesses to have sufficient capital. Europe has taken a significant step toward regulating the cryptocurrency market. European Union legislators approved the Markets in Crypto Assets Regulation (MiCA) today. A historic
October 11, 2022 2 mins read
The inquiry led to the US Department of Justice seizing 719 Bitcoins. The convict was sentenced to 20 years of prison. For his involvement in the NetWalker ransomware assaults, the US Department of Justice (DOJ) seized 719 bitcoins. This was from 35-year-old Canadian Sebastien Vachon-Desjardins. Almost $22 million worth of
October 10, 2022 1 min read
President Nayib Bukele of El Salvador believes that if the bitcoin experiment his nation is doing is successful. Many other countries across the globe will follow in Latin America’s footsteps. This is what Bukele wrote in an opinion piece titled “Stop Drinking the Elite’s Kool-Aid.” Which was released on September
October 9, 2022 1 min read
The XRP army slammed him for making remarks about Ripple. Hoskinson believes the crypto market can be regulated like any other. Charles Hoskinson, founder of Cardano, clarifies his stance on the SEC’s case against Ripple after the XRP community uncovers his previous statements against the latter. Because of their practicality,
October 9, 2022 1 min read
The paper provides a concise overview of the rationale for the launch of CBDC. Since its inception, the RBI has been wary of public blockchains and cryptocurrencies. In a 51-page memo released on October 7, the Reserve Bank of India (RBI) detailed the planned characteristics and rationale for the central
October 8, 2022 2 mins read
Zetrix introduced its Zetrix TradeFi decentralized platform for funding supply chains. The private and public sectors in Malaysia may be brought into the Web 3.0 era. According to a press release from MYEG’s Zetrix Blockchain, Malaysia will soon begin development on its own national public blockchain. There was an MOU
October 8, 2022 2 mins read
According to the judge, Yoo returned even after an arrest order had been issued. Yoo faces many charges, including fraud, and breach of duty among a few. Earlier, it was claimed that the Head of General Affairs for Terra had been taken into custody. It has been claimed that the
October 7, 2022 1 min read
LockBit ransomware group has been one of the most prominent criminal organizations. The LockBit ransomware was recently updated to version 3.0. On October 3, ransomware infected the Bank of Brasilia, a government-controlled bank in Brazil. The hackers wanted 50 BTC in exchange for not releasing customer data. Local news outlet
October 7, 2022 1 min read
Kwon has been given 14 days by the South Korean authorities to turn up his passport. Both the South Korean government and Interpol are looking for Kwon. Reportedly, Yoo Mo, Terra’s Head of General Affairs, has been detained by South Korean authorities. The first person to be apprehended in the
October 6, 2022 2 mins read