Binance could face fraud charge from US Department of Justice
Officials at the U.S. Department of Justice (DOJ) are considering fraud charges against Binance, according to news site Semafor.
-
-
Web3 has a big security problem, and the industry is not doing enough to protect users: Opinion
If Web3 wants to be an alternative to traditional finance, the industry must make itself less vulnerable to hacks and security breaches, writes Richard Meissner.
-
Russia to launch digital ruble CBDC payments on August 1
Russian President Vladimir Putin signed a digital ruble bill into law on Monday, approving the use of its central bank digital currency for payments starting from Aug. 1. See related article: Russia delays CBDC pilot to await new law Fast facts
-
Shanghai sets guidelines to revamp industry, supply chains with blockchain, digital yuan
Shanghai on Tuesday published a set of guidelines to promote use of blockchain, the digital yuan, and the metaverse in the city’s legacy industries.
-
National Australia Bank to block some crypto exchanges
NAB, one of Australia’s “big four” banks, announced it is taking action to block some payments to “high-risk” cryptocurrency exchanges, as part of its new measures aimed at protecting customers from scams.
-
Financial Stability Board recommends stricter global crypto regulation after year of industry blow-ups
The Financial Stability Board (FSB) published on Monday a global regulatory framework for crypto-asset activities to provide a global regulatory and supervisory foundation for crypto. The recommendations made to the G20 – the 20 leading economies of the world – are based upon the principle of “same activity, same risk, same regulation.”
-
After U.S. court rules Ripple XRP is not a security, industry remains cautious
In a long-awaited decision, the U.S. court ruled in favor of Ripple Labs in its case against the Securities and Exchange Commission, providing a boost to most cryptocurrency prices. But industry participants remain wary.
-
Global crypto industry worth US$180 billion, says K33 Research report
The global cryptocurrency industry is valued at US$180 billion, with over 10,000 companies employing a total of 190,000 employees, according to a July 5 report from crypto intelligence firm K33 Research. See related article: Singapore, Thailand clarify crypto rules; NFTs become new cultural frontier Fast facts See related article: South Korea, Singapore, Thailand clarify crypto…