Australia gears up for state-backed digital currency trials
Top blockchain and crypto news: Digital dollar didgeridoos. Bitcoin softens as sterling sinks. ‘World’s dumbest’ crypto criminals nabbed in China.
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China busts ‘world’s dumbest thieves’ in digital yuan money laundering case
Chinese authorities can track e-CNY wallet transaction history, if warranted, thanks to its ‘managed anonymity’ design.
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China says it busted US$5.6B crypto money laundering ring
Chinese police said they have busted a criminal group that used cryptocurrencies to launder 40 billion yuan (US$5.6 billion) as authorities crack down on illicit fund flows in the country. See related article: China lashes out at crypto fraud on World Consumer Rights Day Fast facts Police in Hengyang, a county in China’s southern province…
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‘Act smart, but act fast’: Industry experts say there’s no time to waste addressing stablecoins, CBDCs in Asia
Panelists at Forkast’s “Crypto Rising: CBDCs & Stablecoins: The Asia Perspective,” co-hosted by the Crypto Council for Innovation (CCI), said tackling the technology requires international cooperation and flexibility to not stifle innovation.
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Australia Senator says China’s CBDC may threaten national security
Amid the worsening relationship with China, one Australian Senator is trying to address possible national security concerns that may arise from Beijing’s Central Bank Digital Currency project.
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If the UK wants to become a crypto hub, it must do better
Britain’s internal divisions could thwart its crypt ambitions, writes Nick Saponaro of Divi Labs. Will it be eclipsed by crypto-friendly Dubai?
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Celsius CEO Alex Mashinsky floats restructuring as custody business amid bankruptcy proceedings
Amid its bankruptcy proceedings, crypto lender Celsius Network LLC, one of the major players in the contagion that struck the industry earlier this year, plans to reorganize as a crypto custody business, according to audio shared by a customer of the company and a report by the New York Times. See related article: Celsius files…
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Bitcoin mining difficulty reaches all-time high, up 3.5% in latest adjustment
Bitcoin mining difficulty rose by 3.45% on Wednesday, reaching an all-time high, according to data from BTC.com. See related article: Argentinian tax agency conducts first-ever raids on illegal crypto mining farms Fast facts The mining difficulty reading was at 32.05 trillion, as of block height 753,984, the data showed. The difficulty level, which changes about…
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Bitcoin drops 4% after U.S. August CPI rises 0.1% from July
Bitcoin, the largest cryptocurrency by market capitalization, dropped over 4% at 9.40 p.m. Hong Kong time, after the U.S. Bureau of Labor Statistics reported that the consumer price index (CPI) had inched up 0.1% in August from July. See related article: Markets: Bitcoin, Solana continue rally, Ether slips in anticipation of Merge Fast facts The…