DeFi to be examined at inaugural CFTC tech advisory meeting: Finance Redefined
French police arrested two individuals in connection with the Platypus exploit in the month of February. Go to Source Powered by WPeMatico
Cryptocurrencies
Auto Added by WPeMatico
Crypto Exchange Bitzlato Restores Access to User Funds
Russia-linked cryptocurrency exchange Bitzlato has begun processing withdrawals of digital assets belonging to its customers. The trading platform was shut down in an operation carried out by law enforcement agencies in the U.S. and Europe alleging that it had been used to launder dirty money. Bitzlato Allows Withdrawals After Staying Offline for Weeks Users who … Read more
Coinbase cutting ties with Silvergate forces crypto hedge fund to find a new bank
A total of five crypto companies end their partnership with Silvergate bank on March 2 after a series of lawsuits and investigations against the fintech bank. Go to Source Powered by WPeMatico
Ripple survey: 97% of payment firms believe in the power of crypto
The lack of regulatory clarity is the biggest hurdle to the adoption of crypto-enabled payments, according to a new survey co-hosted by Ripple. Go to Source Powered by WPeMatico
Investment Fund Focused on Crypto Mining to Be Created in Russia
The establishment of Russia’s first mutual investment fund dedicated to financing cryptocurrency mining operations is underway. According to a report by the Russian press, it will be available to qualified investors and will finance the acquisition of coin minting equipment. Russian Crypto Mining Sector to Attract Shareholders Through Investment Fund Work has begun to set … Read more
FTX presentation shows ‘massive shortfall’ in firm’s assets
FTX and FTX US together have billions in deficits in their exchange wallets and fiat accounts, uncovered in a “huge effort” according to the exchange’s CEO. Go to Source Powered by WPeMatico
Proposed South Dakota amendment to UCC would prohibit cryptocurrencies, but not CBDC
The bill authored by a Republican state legislator would prevent the use of cryptocurrency as a medium of exchange after July 1, 2024. Go to Source Powered by WPeMatico
BitKeep remains on track to fully compensate victims of $8M APK exploit
The company says users’ losses will be 100% reimbursed by mid-March. Go to Source Powered by WPeMatico
Block remains on the hunt for wallet partners nearly two years later
The firm plans to partner with companies that are already experienced in local fiat payment processing. Go to Source Powered by WPeMatico
Russian Bank Issues Bank Guarantee in Chinese Yuan Using Blockchain
A bank in Russia has issued the country’s first blockchain-based bank guarantee denominated in Chinese currency. The financial institution underscored the advantages of using a digital form of the document and pointed out that demand for yuan payments is growing. MKB Employs Bank of Russia’s Masterchain to Issue Bank Guarantee in Yuan Moscow Credit Bank … Read more