Big Banks Join UK Finance to Test Tokenized Deposits Pilot.
UK Finance has launched a live pilot for tokenized sterling deposits (GBTD) as part of efforts to test digital forms of commercial bank money involving six of the country’s biggest…
Canada’s FINTRAC Fines KuCoin $14M for AML Violations.
Canada’s financial crime watchdog, FINTRAC, has hit crypto exchange KuCoin with a record 19.5 million Canadian dollars ($14 million) fine for failing to follow anti-money laundering (AML) rules. In an…
India’s IT Department Uncovers $19M Crypto Fraud Targeting Farmers.
The Income Tax (IT) Department has unwrapped a fraudulent crypto scheme in the southern states of Telangana and Andhra Pradesh. The scheme involved identity theft, where the fraudsters used the…
Whales Eye Plasma’s XPL Token A Day After Its Launch.
Whales are rushing into Plasma’s XPL token after launch, while profit-taking and uncertain trader sentiment raise chances of volatile price moves ahead. Whales are rushing to buy Plasma’s XPL token…
Crypto Worth $1.12B Liquidated as Market Goes Red.
The cryptocurrency market witnessed one of its sharpest corrections today, with over $1.12 billion worth of liquidations occurring across all major exchanges in the last 24 hours. The sell-off was…
Woman Wins $150K Lottery Using Chatgpt— And Plans To Donate It To Charity.
In a remarkable story of generosity and gratitude, a woman who recently won the lottery has announced that she plans to donate every penny to charity. Carrie Edwards, a resident…
Millions Liquidated after Ethereum Price Drops 4.2% in 24 Hrs.
Cryptocurrency, took a sharp hit on Wednesday, losing about 4.28% in a single day and trading near $4,003.05, after it crashed to $3,966. The broader crypto market also fell 1.35%,…
Australia’s ASIC Proposes Regulatory Framework for Crypto Platforms.
Australia’s Asic Proposes Regulatory Framework For Crypto PlatformsAustralia has proposed a regulatory framework to inculcate financial services laws for the crypto industry. The primary aim of this regulation is to…
Crypto Exchange Gate Unveils Its Own Layer 2
Gate, a leading cryptocurrency exchange, has unveiled its proprietary Layer 2 (L2) network dubbed Gate Layer. The launch of this L2 coincides with a significant upgrade to the tokenomics of…
ETH Struggles to Hold $4K, As Bitcoin Battles for $110K Support.
Amid the market downturn, Ethereum (ETH) is facing a notable selling pressure as its price hovers around $4,000. It is currently trading at $4,012 after falling 3.93% in the past…