The Singapore police launched an investigation against Terraform Labs and its founder Do Kvon, writes Bloomberg with reference to the email received from law enforcement agencies. The Singapore Police report says that the head of the Terra project is now not in the country, his exact location is unknown. The native of South Korea Kwon...
Leading Chinese social network WeChat has added digital yuan (e-CNY) support to its payment services, local publication The Paper reported. WeChat’s integration of the e-CNY fast payment feature should help expand the use of this form of national currency promoted by the Chinese authorities. Started as a messaging app but developed into a full-fledged social...
Crypto legislation in Australia could be dragged out past 2024 and beyond, with the government seemingly wanting to take its time in order to get a full picture of the industry, internal documents from the government have revealed. The documents, obtained by The Australian Financial Review under freedom of information laws, reportedly reveal that the...
Silvergate Bank announced the termination of the network for cryptocurrency transfers Silvergate Exchange Network (SEN), writes Reuters. The decision comes days after the crypto-focused bank said it was uncertain about the viability of its business. “Effective immediately Silvergate Bank has made a risk-based decision to discontinue the Silvergate Exchange Network (SEN). All other deposit-related services...
Japanese banks will test issuance and operations with stablecoins. This was announced by G.U. Technologies is the developer of the Japan Open Chain blockchain, on the basis of which the experiment will be conducted. Japan Open Chain is an Ethereum compatible network that G.U. Technologies was developed jointly with advertising holding Dentsu, digital bank Minna...
The supply of Binance stablecoin (BUSD) has decreased by $5 billion in 2 weeks. Since February 13, the market capitalization of the asset has decreased by 32%, from $16.1 billion to $10.97 billion, according to CoinMarketCap. On February 13, it became known that the New York State Department of Financial Services (NYDFS) ordered the BUSD...
Bitcoin mining difficulty has set a new historical record. As a result of the next recalculation on February 25, it updated the maximum, increasing by 9.95%, to 43.05 T, according to BTC.com. The previous record was set on January 29, when the difficulty reached 39.35 T. Bitcoin mining difficulty changes every 2016 blocks, or roughly...
With the growing popularity of cryptocurrencies, the market is flooded with various types of wallets, each with its own set of functions and limitations. In this article, we will take a detailed look at some of the best crypto wallets currently available and help you make an informed decision about which one to choose. Coinbase...
Investing in cryptocurrencies has been gaining popularity over the past few years. And if you’re ready to add digital assets to your portfolio, using a cryptocurrency exchange is one of the easiest and safest ways to get started. But there is a wide variety between the best cryptocurrency exchanges. Some exchanges are great for beginners,...
The EU authorities have changed their mind about banning anonymous crypto wallets, The Block reports. Changes to EU anti-money laundering regulations show that anonymous (non-custodial) wallets should not be banned, but they will still be subject to transaction restrictions. The European Commission proposed to ban the use of anonymous cryptocurrency wallets in the summer of...
