Month: November 2024

UBS Digital Cash Pilot Completes, Paving the Way for Blockchain Payments

by

UBS has unveiled a major breakthrough with UBS Digital Cash, a blockchain-based solution poised to revolutionize cross-border payments. UBS Digital Cash: A Blockchain-Driven Shift in Global Payments Financial giant UBS announced on Thursday the successful pilot of UBS Digital Cash, a blockchain-based multi-currency payment solution aimed at enhancing transparency, efficiency, and control in cross-border transactions … Read more

California Pulls Blockfi’s Lending License, Slaps Fines After Regulatory Breach

by

The California Department of Financial Protection and Innovation (DFPI) has revoked Blockfi Lending LLC’s finance lending license for violations under California’s Financing Law (CFL). Blockfi agreed to the revocation and to halt certain practices deemed harmful, following an examination that revealed the company failed to assess borrowers’ repayment ability, charged interest before disbursement, neglected to … Read more

Crypto Exec Abducted in Broad Daylight — Why Crypto Wealth Now Comes With Grave Risks

by

The abduction of a crypto CEO exposes stark security risks for high-profile crypto holders as bitcoin’s soaring value increasingly attracts criminal attention. An Abduction in Toronto Reveals Hidden Dangers for Crypto Holders The president and CEO of the Toronto-based cryptocurrency firm Wonderfi, Dean Skurka, was reportedly abducted in a high-traffic area of Toronto during rush … Read more

Final Call: DOJ Seeks Bitfinex Hack Victims to Come Forward by Nov. 13

by

The U.S. Department of Justice (DOJ) has launched a website to gather information from individuals affected by the 2016 Bitfinex hack, where approximately 120,000 BTC were stolen. The site provides a platform for potential victims to assert their rights under the Crime Victims’ Rights Act (CVRA) and submit statements detailing their losses. In 2016, defendant … Read more

Putin Discusses US Dollar Dominance and BRICS Common Currency

by

Putin dismissed claims that Russia would abandon the U.S. dollar, downplayed BRICS currency ambitions, and emphasized the dollar’s global dominance. Putin’s Take on US Dollar: Why Russia Isn’t Turning Away Yet Russian President Vladimir Putin addressed speculation regarding Russia’s stance on the U.S. dollar during a speech at the Valdai Discussion Club in Sochi, clarifying … Read more

Trump’s SEC Overhaul Looms — Crypto Advocates Eye Gensler’s Replacement

by

Who will lead the SEC after Trump fires Gary Gensler? Crypto advocates hope for a shift toward clarity and innovation over enforcement. Eyes on the SEC: How a Key Power Shift Could Redefine Crypto’s Path Following the U.S. presidential election, speculation is rising about a possible leadership shift at the U.S. Securities and Exchange Commission … Read more

Binance Exec Predicts Crypto Surge With Bitcoin Poised to Reshape Global Finance

by

Bitcoin and crypto are at a pivotal moment, says a Binance executive, with record highs signaling growing adoption, stability, and expanding global financial influence. Beyond the Peak: Binance Reveals What’s Next for Crypto and Bitcoin’s Global Influence Binance’s head of regional markets, Vishal Sacheendran, offered his outlook for the crypto industry on Thursday, following bitcoin’s … Read more