China’s central bank, the People’s Bank of China, recently released a digital yuan service guide aimed at assisting foreign visitors in making contactless payments with e-CNY. This move is designed to enhance the convenience and efficiency of financial transactions for international tourists exploring China. The official “e-CNY” app, available for download on the App Store
Blockchain
Singapore’s recent budget statement for Fiscal Year 2024 highlighted a significant investment of S$2 billion towards enhancing its digital economy. This investment signifies the country’s strong push towards financial innovation and digital asset integration. The move is set to fortify Singapore’s position as a leading fintech hub in Asia. The injection of S$2 billion into
The intersection of artificial intelligence and cryptocurrency presents a new frontier for criminal activity, as highlighted by a recent report from Chainalysis. The influx of $100 million into a crypto-based AI platform by Fetch has raised concerns about the potential for a surge in illicit blockchain activity. Chainalysis Cybercrimes Research Lead Eric Jardine provided insight
NFPrompt, a content generation platform backed by Binance Labs, recently revealed a security breach that led to the unauthorized access and theft of user and platform funds. The hackers successfully compromised several wallets, including those belonging to NFP’s administrators, resulting in significant financial losses. The platform described the incident as a “critical security incident” that
A recent survey conducted by the leading crypto venture capital firm, Paradigm, provides insights into the potential impact of cryptocurrency owners on the upcoming 2024 US Presidential Election. The survey, which included 1,000 registered voters, revealed that there is significant support for former President Donald Trump within the crypto community. The survey results showed that
Hong Kong’s central bank, the Hong Kong Monetary Authority (HKMA), has recently announced the launch of the second phase of its e-HKD pilot program. This initiative aims to delve deeper into the potential of a central bank digital currency (CBDC) for the region, focusing on areas such as programmability, tokenization, and atomic settlement. Industry Participation
The U.S. Department of Justice recently made a significant move to seize $2.3 million in cryptocurrency believed to be associated with an elaborate “pig butchering” scam. The scam, which involved convincing victims to invest in fraudulent schemes, led to financial and emotional damage for many individuals across the United States. The investigation into the scheme
Thailand recently approved a tax break for individuals holding investment tokens as a way to promote the use of these tokens for fundraising purposes. The government’s decision to exempt capital gains from personal income tax calculations for individuals holding investment tokens is a strategic move to stimulate economic growth and attract more investment opportunities in
WeMade, the South Korean gaming giant, has been making waves in the industry with its innovative approach to blockchain gaming. Despite facing setbacks and losses in previous years, the company is now seeing a glimmer of hope as its ambitious crypto pivot seems to be paying off. WeMade’s flagship project, the WEMIX coin and platform,
Binance, one of the leading cryptocurrency exchanges, recently made an announcement regarding the delisting of multiple TrueUSD spot trading pairs as well as a couple of BNB pairs. This decision, which is set to take effect by Friday, March 15, 2024, at 3:00 am UTC, comes as a surprise to many traders and investors utilizing