Bank of England Releases Paper on Digital Pound CBDC
The central bank of Britain is pushing forward with its CBDC (central bank digital currency) plans with the release of a new consultation paper on the digital pound.On Feb. 7,…
$4 Million Crypto Scam in a Hotel Lobby exposed
Months later
Webaverse, a metaverse project, went through this scam in late November 2022. Technical investigation of how $4M USDC was swept is not concluded yet.Crypto hacks and scams of recent times…
Binance Reports Temporary Suspension of USD Bank Transfers.
The suspension is expected to affect only a tiny fraction of Binance’s user base. Binance – the world’s largest crypto exchange – announced on Monday that it will pause all…
Binance Introduced New Crypto Tax Reporting Tool for Some Users
The new tool aims to help users understand their crypto tax liabilities on their profits and losses on Binance.The world’s largest cryptocurrency exchange has launched a new tool dubbed Binance…
Sri Lanka refuse Billionaire Tim Draper’s Proposal of Bitcoin Adoption
Tim Draper sought to persuade the government and central bank to accept bitcoin.Sri Lanka’s GDP shrank by 8% in 2022 and its benchmark inflation rate was 54.2% in Jan.While in…
Gate.io Experienced its Second Largest Bitcoin Withdrawal
Bitcoin worth $120,000,000 has been withdrawn from Gate.ioCrypto exchange Gate.ion recorded the second-largest withdrawal in history.While the cryptocurrency community attempts many ways to recover the market, a single entity withdrew…
FTX Seek Return of Political Beneficiaries Donations made by SBF.
Politicians who once benefitted from FTX’s hefty donations are being hard-pressed to return the money.After Sam Bankman-Fried donated tens of millions of dollars to politicians throughout the 2022 midterm election…
Russian Bank Developing Ethereum-based DeFi Platform.
The platform is now under closed beta testing as per Konstantin Klimenko.Sberbank stated in September that its platform will support the minting of NFTs.Interfax reported that Moscow-based state-owned financial services…
168 shell companies in the United Kingdom suspected of operating Scam crypto or foreign exchange trading schemes
Pig Butchering Crypto Scams Exploit UK’s Companies House. The term pig butchering can be described as an unsuspecting victim or the “pig” being lured by malicious entities into forking over…
Samsung Developing Extended Reality Headset For Metaverse
Qualcomm, a chipmaker, and Google are partners, as per Samsung. Samsung follows a long line of companies that have previously released metaverse devices. The South Korean tech giant Samsung has…