In a move to promote the adoption of digital payments and its central bank digital currency (CBDC), the People’s Bank of China has launched a digital yuan service guide specifically designed for foreign visitors. This initiative aims to facilitate contactless payments using e-CNY and provide a seamless experience for international tourists traveling in China. The
Blockchain
Recently, Singapore’s Deputy Prime Minister and Minister for Finance announced a significant investment of S$2 billion to boost the country’s digital economy. This allocation is aimed at integrating digital assets into the economic framework and promoting financial innovation. Hassan Ahmed, Coinbase Singapore’s Country Director, highlighted the importance of this initiative in solidifying Singapore’s position as
The integration of artificial intelligence into the world of cryptocurrency has raised concerns about the potential for a new wave of crypto-based crime. As technology continues to advance, experts are sounding the alarm about the dangers that AI could bring to the security of blockchain networks. According to Chainalysis, a blockchain intelligence platform, the use
NFPrompt, a content generation platform backed by Binance Labs, recently reported a critical security breach that resulted in the unauthorized access to multiple wallets, including those of NFP’s contract administrators. This breach led to the theft of user and platform funds, prompting a swift response from NFPrompt to mitigate further losses. Following the security breach,
In a recent survey conducted by Paradigm, it was revealed that there is a significant amount of support for Donald Trump’s poll numbers for the 2024 US Presidential Election within the crypto community. This survey, which included 1,000 registered voters, showcased that 48% of crypto owners are planning to vote for the former president, while
Hong Kong’s central bank, the Hong Kong Monetary Authority (HKMA), is taking a bold step forward with the launch of the second phase of its e-HKD pilot program. This initiative is not just about testing a digital Hong Kong dollar, but rather about exploring the potential of a central bank digital currency (CBDC) for the
The U.S. Department of Justice has taken legal action to seize $2.3 million in cryptocurrency linked to a complex scam known as the “pig butchering” scheme. This initiative comes after an investigation by the U.S. Attorney’s Office, District of Massachusetts, revealed that a Massachusetts resident, along with 36 other individuals across the United States, fell
Thailand’s recent decision to approve a crypto tax break for individuals holding investment tokens is a strategic move aimed at fostering fundraising opportunities in the country. By exempting capital gains from personal income tax calculations, the government hopes to encourage more individuals to invest in these tokens for the purpose of raising funds. This tax
WeMade, a South Korean gaming giant, has been making headlines recently with its foray into the world of blockchain gaming. With the launch of its flagship project, the WEMIX coin and platform, the company has been garnering attention from industry experts and crypto enthusiasts alike. However, despite its recent success, WeMade has faced its fair
Binance, the leading cryptocurrency exchange globally, recently announced its decision to delist multiple TrueUSD and BNB spot trading pairs. The delisting includes pairs such as PENDLE/TUSD, COMP/TUSD, EDU/TUSD, ARPA/BNB, and EDU/BNB. This move is set to take effect on Friday, March 15, 2024, at 3:00 am UTC. Binance cited reasons like poor liquidity and high
