Japan, a nation where foreign stablecoins like Tether are prohibited, plans to begin its central bank digital currency (CBDC) pilot in April 2023. It aims to include private businesses and test a model of a CBDC ecosystem. On Feb. 17, the Bank of Japan (BoJ) released the opening speech of its executive director Shinichi Uchida...
According to the Dune analytical platform, on February 13, the outflow of funds from the Binance crypto exchange amounted to $916 million. This was the largest outflow of funds in one day since November 24 last year, when assets worth $1 billion were withdrawn from Binance. Withdrawals by exchange users on February 13 follow an...
Wirex has signed a long-term partnership with Visa, which will allow it to issue crypto-enabled debit cards in the UK and in a further 40 countries. The strategic partnership between Wirex and Visa is likely to bring more collaboration as the Visa network can open doors for Wirex in Europe, USA, and in the Asia-Pacific...
Kraken has settled charges with the U.S. Securities and Exchange Commission (SEC) and is shutting down its on-chain staking program, the government agency shared on Thursday. The exchange, which was charged under its subsidiaries of Payward Ventures and Payward Trading, will pay $30 million in charges for “disgorgement, prejudgment interest and civil penalties.” In response...
Robinhood’s board of directors has approved a plan to buy back the $578 million stake in their company that was bought by former FTX CEO Sam Bankman-Fried and FTX co-founder Gary Wang last year. Robinhood confirmed in its fourth-quarter report, published Feb. 8, that it had received board approval to buy back the stake. “Our...
Hypernative, a cryptocurrency security startup that specializes in anti-hack protection, today announced that it has raised USD 9 million in seed funding to help Web3 companies prevent losses from cyberattacks. IBI Tech Fund and boldstart ventures led the round with additional investments from Nexo, Blockdaemon, borderless, Alchemy and CMT Digital, among others. According to Hypernative...
Brett Harrison, former president of FTX.US, has raised USD 5 million for Architect, a new crypto startup that will build trading software targeted at large investors and institutions, according to a Bloomberg report. It has been almost four months since Brett Harrison stepped down as president of FTX.US, the US arm of the now bankrupt...
The MVIS Global Digital Assets Mining Index, which includes data on the top 20 Bitcoin miners including Riot Blockchain, Galaxy Digital, Bitfarms and Iris Energy, has grown by 64% since the beginning of January 2023. This month, the indicator showed the largest increase since its inception in December 2021, according to Bloomberg. At the same...
Overview Asset tokenization refers to implementations of the blockchain that create tokens for financial and real-world assets ranging from equity, bonds and funds to art, real estate, commodities and patents. According to a new report from Boston Consulting Group (BCG) and ADDX, asset tokenization will reach USD 16 trillion by 2030, or 10% of global...
Immunefi’s Crypto Losses 2022 report found that over USD 3.9 billion was ‘lost’ last year. While that might seem like a whopping amount of capital to lose track of, it’s down 51.2% compared to 2021, when over USD 8 billion was stolen, the report found.
