Yuan stablecoin team arrested, WeChat’s new Bitcoin prices, HK crypto rules: Asia Express
Chinese RMB stablecoin issuer’s Shanghai office reportedly deserted after police raid, and WeChat offers Bitcoin prices — but for how...
Day: June 1, 2023
Standard Chartered, PwC make case for programmable CBDC in China Greater Bay Area
With 11 megalopolises and three currencies, Guangdong, Hong Kong and Macao make up a region that is ripe for CBDC...
Uniswap DAO rejects plan to charge LP fees; UNI holders cite tax concerns
The proposal would have allowed Uniswap’s governing body to receive a percentage of the fees that currently go to liquidity...
Fed board issues order to Silvergate Bank as part of self-liquidation plan
Silvergate Capital Corporation and its crypto-friendly bank will have 10 days to submit a self-liquidation plan in compliance with California...
Lido Centralization Risks On Ethereum Raises Concerns: Will LDO Crash?
Lido, the liquidity staking protocol that supports staking, is now under some of the Ethereum community members’ crosshair. There are...
Money stored on mobile payment apps may not be FDIC insured, US watchdog warns
Deposits on mobile payment apps may not be insured by the FDIC, and customers may not know whether their money...
Scientists propose quantum proof-of-work consensus for blockchain
Boson sampling was once considered a problem looking for a solution. Now, it might be the bridge that brings quantum...
Gate.io Faces Insolvency Issues Amid Multichain’s CEO Arrest: $130 Million Net Outflow In 24 Hours
Cryptocurrency exchange Gate.io has recently been facing rumors of insolvency following the arrest of Multichain CEO Zhaojun and concerns about...
Don’t be surprised if AI tries to sabotage your crypto
My own exchange, Bitget, tried using AI to respond to customer inquiries — and the results reminded us that AI...
Mysten Labs’ Sui network partners with F1 Red Bull racing team
The Red Bull team signed a $150 million sponsorship deal with crypto exchange Bybit in 2022 ahead of the market...
Bitcoin price slips under $27K, but data shows BTC whales counter trading DXY strength
The U.S. Dollar Index is encroaching on new year-to-date highs, but Bitcoin whale activity suggests this may be a dead...
What will Binance Australia services look like after debanking?
Binance suspended fiat on- and off-ramps by bank transfers in Australia, as well as trading for Australian dollar (AUD) pairs....
Litecoin Attempts To Revitalize The Crypto Market With Bullish Breakout
Litecoin could be single-handedly be saving the crypto market from further catastrophe. If an ongoing bullish breakout attempt is successful,...
Hong Kong-based First Digital Group launches redeemable USD-backed stablecoin
The Hong Kong trust company says the new FDUSD combines the stability of the U.S. dollar with the reliability of...
Dogecoin investors accuse Elon Musk of insider trading in amended class-action lawsuit
“This is a securities fraud class action arising from a deliberate course of carnival barking market manipulation and insider trading,"...
