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Hong Kong Government Seeks Public Input on Legislation for Stablecoin Supervision

The Financial Services and the Treasury Bureau (FSTB), and the Hong Kong Monetary Authority (HKMA) have jointly introduced a public consultation paper outlining a legislative proposal to regulate issuers of stablecoins. This move is prompted by the increasing prominence of stablecoins within...

, by Hassan Shittu

How Rejuve is Using AI and Blockchain to Improve Health and Longevity

The company called Rejuve is using artificial intelligence (AI) and cryptocurrency to improve individuals' health and longevity. According to the website, Rejuve is "harnessing the prowess of sophisticated AI" to create intricate, dynamic models of human bodily functions. The AI framework...

, by Sead Fadilpašić

Bitrace Report Examines Money Laundering with Stablecoins

A recent report by blockchain researcher Bitrace has shed light on the potential use of stablecoins in money laundering activities. The report, published on December 26 and translated by Wu Blockchain, highlighted two distinct scenarios in which stablecoins, specifically Tether (USDT), were...

, by Ruholamin Haqshanas

South Korean Biz Exec Bailed as ‘Bithumb Market Manipulation’ Probe Continues

A South Korean court has released a media mogul and business executive on bail as a probe into market manipulation and insider trading at the crypto exchange Bithumb continues. The executive, Won Young-sik, is the former CEO of Chorokbaem Group, the parent firm of Chorokbaem Media. The...

, by Tim Alper

South Korea to Mandate High-Ranking Public Officials to Disclose Cryptocurrency Holdings by Next Year

South Korea has announced that high-ranking public officials will be required to disclose their cryptocurrency holdings starting next year. In a Wednesday press release, the country's personnel ministry said this proactive approach is intended to address potential conflicts of...

, by Ruholamin Haqshanas

KyberSwap’s CEO Says Staff Strength Reduced by 50% Following Exploit and Related Challenges

KyberSwap’s CEO Victor Tran says the company has reduced its staff by 50% following a $48 million exploit last month stressing on keeping operations running and compensating all affected users with their assets. In a Dec 25 post, the CEO took to X (formerly Twitter) to explain the...

, by David Pokima

Hacking Incidents Decreased for First Time Since 2021, Still $2 Billion in Crypto Assets Stolen in 2023

Despite losing around $2 billion to crypto thefts, 2023 saw a slight decline in hacking incidents targeting the cryptocurrency industry. According to a recent report from De.FI, a prominent web3 security firm known for its REKT database, hackers managed to pilfer $2 billion in digital...

, by Ruholamin Haqshanas

China Unveils Digital Yuan Wallet Machine for Foreign Passport Holders

China has launched its first automated digital yuan wallet-opening machine for overseas passport holders. Per 21Jingji, the Bank of China’s Dongguan Branch has installed the machine at the Taiping branch of the Huangpu Customs Hall. Dongguan and Huangpu are major transport hubs for...

, by Tim Alper

Grayscale Submits Bitcoin ETF Filing with SEC to Adopt Cash Redemption Model

Grayscale has submitted an updated filing to the Securities and Exchange Commission, paving the way for its GBTC to transition into a spot Bitcoin exchange-traded fund (ETF) with the adoption of a cash redemption model. According to Bloomberg Intelligence ETF research analyst James Seyffart,...

, by Hongji Feng

South Korea’s Leading Crypto Venture Made 29 Investments in 2023, Allocating $28.44 Million in Total

Hashed, South Korea's largest crypto venture, has invested 36.8 billion won ($28.44 million) in blockchain projects this year. Despite the challenges faced during the prolonged crypto winter, Hashed successfully forged numerous new investments in blockchain infrastructure and gaming...

, by Ruholamin Haqshanas

Interview: 2023 Year-End Wrap With CoinDCX Co-Founder Neeraj Khandelwal

As we conclude 2023, a year marked by regulatory challenges and unprecedented growth, the cryptocurrency industry stands at the crossroads of uncertainty and promise. In an exclusive interview with India’s largest crypto exchange and the first crypto unicorn, CoinDCX's Co-founder Neeraj...

, by Jai Pratap

Mt. Gox Creditors Report Double Payments in Settlement Funds; Exchange Seeks Remediation

Mt. Gox, the once-dominant cryptocurrency exchange that famously collapsed in 2014, has recently encountered a new hurdle in its efforts to repay creditors. Reddit users are now reporting a payment error stemming from what the exchange describes as a "system issue" during the ongoing civil...

, by Hassan Shittu

Thunder Terminal Claims Security After $192,000 Exploit, Hacker Demands Ransom in Dispute

Thunder Terminal has recently encountered an exploit. Despite the severity of the incident, the platform has assured users of the security of their funds. Yet the hacker claimed differently and demanded ransom. In a recent post published by the decentralized platform Thunder Terminal, the...

, by Hongji Feng

Is It Too Late to Buy Osmosis? OSMO Price Rockets Up 24.5% as the Latest Meme Coin Gears to Launch

As the crypto world buzzes with the launch of new meme coins, Osmosis (OSMO) has carved out its own success story, recently witnessing a striking 24.5% surge in its price. As of December 27, this noteworthy ascent has positioned Osmosis at $1.61, a significant 3.26% increase in just 24...

, by Arslan Butt

Telcoin Loses $1.3 Million Amid Security Breach, TEL Price Plummets Over 50%

The Telcoin app recently faced a series of targeted attacks draining several wallets, causing a sharp 65% decline in the price of Telcoin ($TEL) for a brief period. The exploited vulnerability is estimated to have resulted in a loss of around $1.3 million. The identified address associated...

, by Jai Pratap

Metis (METIS) Token Surges 50% Following Announced Grant, Attracting Investor Interest

METIS, the native cryptocurrency of the layer 2 network Metis, experienced a surge of up to 50% in the past 24 hours, driven by the buzz surrounding a recently revealed grant that is making rounds in the crypto community. In mid-December, the MetisDAO Foundation, responsible for the development...

, by Hassan Shittu

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