Mon, September 23

Ripple CEO Announces Launch of RLUSD In a Few Weeks

Brad Garlinghouse, CEO of Ripple announced at Korea Blockchain Week in Seoul that the company is nearing the launch of its new stablecoin, Ripple USD (RLUSD).  Set to launch within weeks, RLUSD is currently in a closed beta phase. The stablecoin is designed to complement Ripple’s existing XRP tokens. It

September 4, 2024 2 mins read

Hackers Exploit Trump Family X Accounts for Crypto Scam Promotion

Hackers gained access to the X accounts of Trump’s family members, Lara and Tiffany Trump,  using them to disseminate a fake announcement regarding a token of the crypto project, World Liberty Financial.  Eric Trump quickly took to X to denounce the fraudulent announcement, warning that the posts were scams. Further

September 4, 2024 2 mins read

FBI Warns of North Korean Scammers Aggressively Targeting Crypto Firms

FBI has warned the digital asset firms to be aware of a North Korean Crypto hacker group. DPRK has employed fake employment offers and investment opportunities to trick crypto users into downloading malware. They have made the latest attempt to steal companies’ cryptocurrencies. On 3rd September, The Federal Bureau of

September 4, 2024 2 mins read

Solana Foundation Rebuts Centralization Claims Amid Patch Controversy

At a Korea Blockchain Week (KBW) 2024 panel, Dan Albert, executive director of the Solana Foundation, pushed back against accusations that the Solana network is not decentralized, arguing that the capacity to coordinate a patch does not indicate that the network is centralized. The specifics of a serious vulnerability that

September 3, 2024 2 mins read

Fed Rate Cuts May Not Boost Bitcoin Prices as per Arthur Hayes

According to BitMEX co-founder and former CEO Arthur Hayes, Bitcoin prices may not react positively to interest rate reduction from the Federal Reserve. According to a post by the Maelstrom chief investment officer on X on September 2, Bitcoin values have been struggling and declining since Federal Reserve Chair Jerome

September 3, 2024 1 min read

Scroll Completes Curie Upgrade Preparing for Upcoming Token and Airdrop Launch

Scroll, an Ethereum Layer 2 scaling solution utilizing zero-knowledge rollups (ZK-rollups), made headlines with its upcoming token and airdrop launch. As of July 2024, Scroll completed a significant upgrade to its mainnet called the Curie upgrade. It raised $50M in the last round of funding with a $1.8B valuation. It

September 3, 2024 2 mins read

Nexo Resumes UK Client Registrations After FCA Compliance Upgrade

Following a recent upgrade to meet the Financial Conduct Authority (FCA) compliance guidelines, Nexo a centralized crypto lender resumes UK client registrations on Tuesday. This is done after a ten-month pause in the onboarding process. Nexo suspended new user registrations in the UK in December 2023 due to changes in

September 3, 2024 2 mins read

BoJ Governor Signals Possible Rate Hikes as Inflation Persists

Bank of Japan (BoJ) Governor Kazuo Ueda has hinted at the possibility of further rate hikes. This comes as the BoJ continues to assess economic conditions and inflation trends. Ueda’s remarks signal a potential shift in the bank’s monetary policy, aiming to address ongoing inflationary pressures. According to recent reports,

September 3, 2024 2 mins read

South Korea Regulator FSS Plans Inspection on Crypto Exchanges

The global crypto regulatory sector has shown a spike in activity in 2024. Leading nations such as the US and UK announced new regulatory plans while on the other hand, Eastern countries also made advancements. Presently, in the past day, South Korea’s regulatory body, the Financial Supervisory Services (FSS) announced

September 3, 2024 2 mins read