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Hong Kong Expands Cross-Border Digital Yuan Trial with E-CNY Wallets for Residents
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Hong Kong Expands Cross-Border Digital Yuan Trial with E-CNY Wallets for Residents

The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBOC) have expanded their cross-border digital yuan pilot, allowing Hong Kong residents to use e-CNY wallets. This initiative aims to facilitate retail payments without enabling person-to-person transfers. The digital yuan, or e-CNY, is China’s central bank digital currency (CBDC), which has been in...

Blockchain Association and Crypto Freedom Alliance File Lawsuit Against SEC Over Dealer Rule
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Blockchain Association and Crypto Freedom Alliance File Lawsuit Against SEC Over Dealer Rule

Today, the Blockchain Association and the Crypto Freedom Alliance of Texas launched a legal challenge against the SEC, contesting the agency’s expanded definition of “dealer” within the cryptocurrency sector. Filed in the Northern District of Texas, the lawsuit argues that this redefinition could significantly impair the U.S. crypto industry, asserting that the SEC overstepped its...

Crypto Market Faces Sudden Downturn as Liquidations Approach $500 Million
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Crypto Market Faces Sudden Downturn as Liquidations Approach $500 Million

The cryptocurrency market witnessed significant turbulence, with total liquidations nearing the half-billion-dollar mark over the past 24 hours. According to CoinGlass, a crypto liquidations tracker, the total amounted to approximately $858.15 million, affecting 270,018 traders. The sudden price decline of major cryptocurrencies on Friday afternoon saw Bitcoin, Ethereum, and Solana experiencing sharp drops within a...

Bank of England Unveils Plans for a Digital Securities Trading Sandbox
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Bank of England Unveils Plans for a Digital Securities Trading Sandbox

In a forward-looking move to embrace technological advancements in the financial sector, the Bank of England, alongside the Financial Conduct Authority, has initiated a public consultation for a pioneering ‘digital sandbox.’ This initiative aims to facilitate the testing of digital securities trading in realistic market conditions while maintaining a controlled regulatory framework. Set against the...

Russian miner debuts digital tokens for diversified metals basket
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Russian miner debuts digital tokens for diversified metals basket

Russia’s nickel and palladium miner Nornickel, through its digital arm GPF Investments, has launched a new type of digital financial asset (DFA) on the Atomyze blockchain platform. This financial product encompasses a diverse basket of metals, including gold, palladium, platinum, copper, and nickel, the miner said in its press release. Based in the resource-rich Arctic...

Bitcoin Miners’ Earnings Surge to Record Highs as Halving Event Nears
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Bitcoin Miners’ Earnings Surge to Record Highs as Halving Event Nears

In the run-up to the anticipated Bitcoin halving event, the cryptocurrency mining sector has seen unprecedented profits, with miners’ daily revenue hitting all-time highs. Data from CryptoQuant reveals that on March 7, Bitcoin miners’ daily earnings soared past $78.6 million, breaking the previous record set in April 2021 during the last crypto bull run. This...

Ethiopia Embarks on $250 Million Bitcoin Mining and AI Tech Venture
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Ethiopia Embarks on $250 Million Bitcoin Mining and AI Tech Venture

Ethiopia is set to revolutionize its technological and economic landscape with a $250 million investment in a Bitcoin mining and AI data center, spearheaded by the Russian bitcoin mining company, BitCluster. This venture, dubbed Project Mano, marks a significant leap towards incorporating blockchain and artificial intelligence technologies into Ethiopia’s economy, utilizing the nation’s abundant renewable...

SEC’s Social Media Account Hacked in SIM Swap Incident
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SEC’s Social Media Account Hacked in SIM Swap Incident

Unauthorized Post Triggers Bitcoin Frenzy, Raises Cybersecurity Concerns A recent cybersecurity incident involving the US Securities and Exchange Commission (SEC) has raised significant concerns. The SEC’s social media account on X was compromised due to a SIM swap hack, leading to the spread of false information regarding the approval of new bitcoin investment products. This...

Fox Corp. Debuts Verify Blockchain Platform for Content Tracking
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Fox Corp. Debuts Verify Blockchain Platform for Content Tracking

Fox Corp., a major U.S. media conglomerate, has introduced a new blockchain platform named Verify. This platform is designed to assist media companies in tracking the online usage of their content, marking a significant development in the intersection of media and technology. Integration and Tool Launch Beta Launch and Content Verification Fox Corp.’s Blockchain Endeavors...

Crypto Scammers Net $374 Million in 2023, Chainalysis Reports
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Crypto Scammers Net $374 Million in 2023, Chainalysis Reports

Decline in Approval Phishing Scam Profits Chainalysis, a blockchain data firm, has released its 2023 research findings on ‘approval phishing’ scams in the cryptocurrency realm. The report shows that crypto criminals amassed at least US$374 million through these scams over the year. Notably, this amount represents a 27% decrease from the US$516.8 million stolen in...