Key Points: In a startling development this week, Hashflow, a leading name in the DeFi sphere, faced a major exploit. Reportedly, digital assets worth $600,000 were illegitimately siphoned off. The firm, however, quickly reassured its users that all losses will be fully compensated. We’re addressing the current situation flagged by @peckshield. Please be assured that: 1. All users comprising the …
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Key Points The CEO of Marathon Digital, Fred Thiel has sounded the alarm bells for Bitcoin miners, warning them of the mounting challenges that lie ahead. Thiel, a seasoned industry expert, believes that a range of factors including regulatory pressures, escalating energy costs, and the upcoming “halving” event, will make it increasingly difficult for miners to sustain their profitability. The …
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Key Points Taiwan Mobile, a prominent telecommunications company in Taiwan, is reportedly considering investing in a local cryptocurrency platform. This development comes amidst the increasing growth of the cryptocurrency market in Taiwan, with multiple top exchanges operating within the country. Sources have revealed that Taiwan Mobile is exploring the potential of investing in a local cryptocurrency platform to expand its …
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The world’s largest stablecoin, Tether USDT, has recently announced a massive minting of around $1 billion in its treasury. This news has sparked speculation among market analysts that a pump in the market is imminent. This is not the first time that Tether has printed new tokens, and in the past, such events have been associated with sudden and dramatic …
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Surabot Leekpai, known to his fans as “Pluem” on the VRZOChannel, finds himself in the eye of an escalating storm. The popular YouTube personality and son of Parliament President, Chuan Leekpai, is currently facing accusations related to a questionable non-fungible tokens (NFTs) investment project, as stated in a news report. Allegedly, this has led to financial harm, with losses totalling …
Continue Reading(Canada, Toronto) Topcredit Int leads the fintech industry with its diverse business model, impressive performance, and profit-driven approach. Over the past three years, it has provided safe and convenient asset management services to 1.2 million users. The exchange positions itself as a secure, convenient, and efficient asset management tool. Established in June 2020 and based in Hong Kong, Topcredit Int’s …
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In a decisive victory for DeFi company PoolTogether, a U.S. Federal Judge dismissed all charges lodged against it. The lawsuit, initiated in 2021, accused PoolTogether of facilitating regulatory evasion and deceiving consumers. Joe Kent, a previous Congressional staff member, had filed the case as a litmus test while lawmakers mulled over potential legal approaches to DeFi entities. CASE DISMISSED!!!! 🦜🦜🦜🦜🦜🦜🦜 …
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Circle, a fintech firm, has achieved a major milestone in its Asian expansion efforts. The Monetary Authority of Singapore (MAS) has granted Circle Singapore a Major Payment Institution (MPI) license, which empowers the company to offer invaluable digital payment token services, cross-border money transfer services, and domestic money transfer services. Circle Singapore has obtained a Major Payment Institution (MPI) license …
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Bybit, a well-known global cryptocurrency exchange, has partnered with Dubai Multi Commodities Centre (DMCC) to boost the growth and adoption of cryptocurrency and Web3 in Dubai. This collaboration marks a significant milestone in Dubai’s journey towards embracing digital currencies. On April 17, Bybit made an announcement about establishing its global headquarters in Dubai and hinted at upcoming localization initiatives in …
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Recently, new guidelines to prevent terrorism financing (AML/CFT) and money laundering have been released by the UAE Central Bank for LFIs or “licensed financial institutions”. The focus of the guidelines is on the risks associated with dealing with virtual assets. Breaking🚨: UAE🇦🇪 Central Bank has issued new guidelines for financial institutions regarding anti-money laundering (AML) & counter-terrorism financing(CTF) in relation …
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