Category Archives: Cryptocurrency News

China and Hong Kong launched the second phase of digital yuan testing

The National Bank’s Digital Currency Research Institute Mu Changchun said China and Hong Kong are launching a second phase of testing their state digital currency. At a seminar on the status and prospects of the Hong Kong International Financial Center, Mu Changchun stated that the People’s Bank of China (PBC) and the Hong Kong Monetary Authority (HKMA) have successfully completed the first phase of testing cross-border payments using the digital yuan. At the second stage,…

Startup TRM Raises $ 60 Million in New Round of Funding

  Token Relationship Management (TRM) cryptocurrency transaction monitoring and forensics platform raised $ 60 million in Series B funding round. Leading financial institutions Amex Ventures, Visa, Citi Ventures, DRW Venture Capital, Jump Capital, Marshall Wace, Block (formerly Square Inc.) and Paypal Ventures from American Express were among the investors in the TRM platform, which monitors and forensic operations with cryptoassets. Tiger Global became the leader of the round, during which the platform attracted investments for…

Central Banks of France and Switzerland tested state digital currencies

Bank of France, Swiss Innovation Center and Swiss National Bank have successfully completed testing of cross-border payments in digital euros and Swiss francs. Project Jura is a public-private partnership with the Bank of France (BDF), the Swiss Innovation Center (BISIH), the Swiss National Bank (SNB), and a consortium led by Accenture of Credit Suisse, Natixis, R3, SIX Digital Exchange ( SDX) and UBS. The project was initiated by the Central Bank of France and continued…

FSA Japan will submit a bill to regulate stablecoins in 2022

Japan’s Financial Services Authority is drafting a bill to regulate the issuance of stablecoins ahead of the launch of the digital yen, which is slated for late 2022. According to Nikkei Asia, the draft law, which will be presented by the Japanese Financial Services Agency (FSA), will spell out restrictions on the issuance of stablecoins for banks and wire transfer companies. The bill should help protect investors’ assets and reduce the risk of using stablecoins.…

Google accused “Russian hackers” of spreading a botnet using the Bitcoin blockchain

Google has filed a lawsuit against the founders of Glupteba Enterprise Dmitry Staroviko and Alexander Filippov, accusing them of cryptojacking and data theft. Google reported on a civil lawsuit filed on December 7 against Russian citizens Dmitry Staroviko and Alexander Filippov, as well as 15 unidentified persons in using the Glupteba botnet on victims’ computers for hidden mining, stealing personal data of users in order to sell to third parties, purchase goods and services using…

Chilean Senate Receives Bill on Recognizing Bitcoin as a Means of Payment

Chilean lawmakers are considering a proposal to recognize bitcoin as legal tender. According to analysts, the chances of parliamentary approval of the new law are low. In early November 2021, MP Karim Bianchi introduced a bill to the Chilean Senate to recognize and regulate the use of bitcoin as a means of payment on a par with the Chilean peso. The politician believes that the new law will provide a legal basis for subsequent regulatory…

Not gold anymore? Why Evergrande’s default crashed the cryptocurrency market by more than 20%

On Saturday morning, there was information about a possible default on the bonds of the Chinese developer Evergrande Group. Investors in a panic collapsed bitcoin by 25%, but the fun begins on Monday. On Saturday, December 4, a statement by the Chinese construction company China Evergrande Group appeared on the network, where it warned shareholders and investors about the impossibility of guaranteeing the fulfillment of financial obligations and payment of interest on bonds of $…

Hackers stole over $ 150 million in cryptocurrencies from the Bitmart exchange

As a result of the cyber attack, the Bitmart marketplace lost $ 100 million in air and $ 50 million in other cryptocurrencies. Cybersecurity firm Peckshield, which specializes in blockchain security, tweeted on December 5 that cryptocurrency exchange Bitmart has been cyberattacked. Hackers hacked cryptocurrency wallets and stole assets worth about $ 200 million from the exchange. The exchange itself reported smaller losses. Peckshield initially discovered the theft of $ 100 million worth of ether.…

NFT Studios will produce the first feature-length film in Hollywood with proceeds from the sale of NFT

Startup NFT Studios is scheduled to shoot the first feature-length feature film in Hollywood history in 2022, fully funded by the sale of NFT. NFT Studios, with the support of UK PLC NFT Investments, is releasing a limited series of non-fungible tokens (NFT) dedicated to the new cinematic project. The proceeds from the sale of NFT will fund the comedy drama A Wing and a Prayer. The film is based on the true story of…

IDEX launched a hybrid decentralized exchange on Polygon

The non-custodial marketplace IDEX has announced the launch of a new version of v3 Hybrid Liquidity DEX on Polygon. This will help eliminate the main disadvantages of DeFi: front-running and price slippage. The hybrid model will combine traditional order book functions with automated market maker (AMM) liquidity pools to provide high financial returns for liquidity providers. In addition, the exchange will provide users with the ability to use stop losses and limit orders. According to…