Korea’s central bank has rolled out a legal advisory group to look at potential challenges to bring a central bank digital currency (CBDC) to fruition, The Korea Times reported. The panel’s start is a portion of the first stage for the Bank of Korea’s (BOK)...
Xapo, a crypto wallet and bitcoin custodian, will no longer deal in credit card payments for digital asset purchases, according to an email from the company, as reported by CoinDesk. Xapo will also implement new restrictions on bank transfers, depending on a user’s location. In...
CargoX’s Platform for Blockchain Document Transfer (BDT) was connected with the Port Community System (PCS) of India amid a push in the country for trade documents, including of bills of lading, to be digitized, WorldCargo News reported. Portall Infosystems of India created the PCS technology...
Authorities in China have reportedly frozen bank accounts due to digital currency and fiat assets allegedly contaminated by illicit actions, CoinDesk reported. Select Chinese digital currency sellers and buyers along with over-the-counter (OTC) market makers have had accounts frozen as money laundering actions involving digital...
The Securities & Exchange Commission (SEC) has moved to freeze the assets of a $12 million cryptocurrency mining and multi-level marketing (MLM) scheme, Coindesk reports. The defendant in the case is Utah resident Daniel F. Putnam, whose businesses — MMT Distributions and R&D Global —...
Paxful, a peer-to-peer (P2P) bitcoin marketplace, registered substantial rises in Indian trade volume amid a regulatory environment in the nation that is becoming more friendly to digital currency, Cointelgraph reported. Ray Youssef, the company’s CEO, told the outlet that monthly new user sign-ups have jumped...
Japanese crypto firm Coincheck has become the victim of a data breach, with attackers utilizing private information to impersonate the firm. Coincheck came under attack by an unknown third party, which was able to gain access to an account it held with Onamae.com, and then...
Plutus, a British FinTech startup, is providing rewards via its credit card to customers who buy from the eCommerce store of Nike, Cointelegraph reported. The rewards are made with Pluton, the native digital currency of the company. Users can receive additional rewards by staking their...
It took just four minutes for Bitcoin’s price to take a dramatic dive of more than $800 Tuesday (June 2) as the cryptocurrency market saw red, CoinDesk reported. The drama commenced at 14:45 Universal Time Coordinated (UTC) or 10:45 a.m. Eastern Time (ET) when the...
