But don’t call it a CBDC, says central bank reps. Amid a global race toward central bank digital currencies, or CBDCs, Cambodia officially launched a blockchain-based platform for digital money transactions called Bakong. “Bakong, a payment and money transfer service through banks or microfinance institutions, was established under the initiative of the National Bank of […]
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Only two decentralized exchanges on the list received high cybersecurity scores. 14 out of 25 decentralized exchanges, or DEXs, scored poorly in terms of cybersecurity according to a recent report. Source: CER. CER’s criteria included several factors such as whether a DEX underwent security audit, availability of bug bounties, and proper SSL/TLS certificates. CER deemed […]
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The CEO of Minds thinks that others will follow suit. Alternative social media platform Minds is now letting users permanently save their content on the Arweave platform, which ensures that nobody can ever delete it once published. Minds users can choose to publish their content on the “permaweb” with no payment or additional setup required. […]
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Bitcoin’s price saw a 4% drop in the last 24 hours, but it’s unlikely to see a correction like in previous cycles for three reasons. The price of Bitcoin (BTC) has increased by 36% in the last 35 days, showing a strong rally. The market sentiment has been optimistic due to rising institutional demand and […]
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The price of Bitcoin dipped below $13,000 on Wednesday but despite the 7% drop in 11 hours, the market sentiment remains positive for three key reasons. The price of Bitcoin (BTC) fell below $13,000 on Oct. 28 shortly after hitting $13,850 at the day’s peak. Despite the 7% drop in 11 hours, however, the market […]
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U.S. authorities want information from Bain & Co about Visa’s Plaid acquisition. The U.S. Department of Justice, or DoJ, recently publicized an investigation into Visa’s ongoing acquisition of fintech company Plaid. “Today, the Department of Justice filed a petition in the U.S. District Court for the District of Massachusetts to enforce Bain & Company’s compliance […]
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DeFi apps attempt to return crypto funds affected by the KuCoin hack to users. Are they to blame for the issues? The recent KuCoin exchange hack and ongoing OKEx incident, during which withdrawals have been frozen, have raised questions as to how blockchain projects with coins traded on exchanges should act when said exchanges are […]
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A regulation exec at the world’s largest stock exchange is leaving his role to enter crypto. A senior regulation executive at the world’s largest stock exchange is moving into the cryptocurrency industry. Anthony Albanese, a former chief regulatory officer at the New York Stock Exchange, is reportedly leaving his position to join Andreessen Horowitz, a […]
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Regulation for initial exchange offerings and digital asset custodians comes into force today. The Securities Commission Malaysia has issued revised guidelines governing digital assets, effective as of Oct. 28. These are intended to regulate initial exchange offerings, or IEOs, and digital asset custodians. According to the SCM, the rules aim to promote “responsible innovation in the […]
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Traditional finance execs are increasingly moving into crypto positions. The cryptocurrency industry welcomes another high-profile executive from traditional finance. Filomena Ruffa, a former vice president of innovation and strategic partnerships at Visa’s Latin America division, has joined Crypto.com to expand the company’s Latin American market. According to an Oct. 28 blog post, Ruffa will now […]
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