Russia is increasingly using cryptocurrencies like Bitcoin and Tether to conduct oil trade with China and India, bypassing Western sanctions. The use of intermediaries and offshore accounts has made crypto a key tool in these transactions, speeding up operations despite financial restrictions.
WeatherlyOnchain data shows a trader lost $733,000 in USDC for just $19,000 in USDT due to a sandwich attack, sparking money laundering suspicions.
KikyoMetro Singapore has teamed up with dtcpay to enable stablecoin payments for online and in-store purchases at Metro Paragon and Metro Woodlands, supporting USDT, USDC, FDUSD, and WUSD.
CatherineBank of America plans to launch a USD-backed stablecoin once US lawmakers approve the regulatory framework. The move could bring stablecoins into mainstream consumer banking, increasing competition among major financial institutions.
WeatherlyCircle's CEO, Jeremy Allaire, is calling for mandatory registration of stablecoin issuers in the U.S. to ensure transparency and protect consumers. Meanwhile, U.S. lawmakers and regulators are intensifying efforts to create clear rules for stablecoins, with growing scrutiny on companies like Circle and Tether.
AnaisTether has partnered with Guinea to explore blockchain and peer-to-peer technologies, aiming to support the country's digital transformation. The agreement includes initiatives to build local expertise and contribute to Guinea's "Innovation City" project.
AnaisA joint operation between Thai and Chinese police uncovered a $2.5 million crypto scam, leading to the arrest of two Chinese nationals involved in illegal digital currency transactions and human trafficking. The authorities seized luxury items and cryptocurrency wallets, freezing the stolen funds as part of the ongoing investigation.
AnaisTaiwan is preparing a new law to integrate cryptocurrency into its economy, allowing banks to issue stablecoins and tightening regulation for crypto service providers. The country aims to attract global investors and become a crypto hub in Asia, with a focus on security and stability.
WeatherlySouth Korean authorities have apprehended six Chinese nationals in Jeju, South Korea for assaulting a dealer and stealing $1 billion won from him during their encounter at a luxury hotel. But the perpetrators are denying all allegations, and they are claiming to be the real victims in this ordeal. The perpetrators are accusing the dealer of trying to sell them short and attempting to scam them of their money.
XingChiElon Musk has made a bold prediction, foreseeing that advancements in AI will surpass the capabilities of even the most intelligent humans by 2025.
CatherineThe Swiss National Bank rejects the idea of a public digital currency due to potential risks, preferring to focus on wholesale CBDCs. Despite reservations, it's advancing in payment technology. However, it acknowledges challenges ahead and remains cautious yet progressive.
AlexFriend3, in collaboration with ProBit Global, introduces decentralized donation mechanisms and trading competitions, leveraging the utility of F3 tokens to foster community engagement. Through Web3 technology, Friend3 pioneers community creation with innovative monetization options.
AlexThe class-action lawsuit against BitMEX co-founder Ben Delo underscores the need for regulatory clarity and highlights the potential legal risks facing operators in the cryptocurrency industry.
WeiliangThe Philippines SEC's ban on Binance raises concerns among investors, highlighting compliance issues and the SEC's commitment to protecting investors.
MiyukiUbisoft unveils its groundbreaking Web3 game, Champions Tactics, amidst growing anticipation. Despite delays in the scheduled mint for The Warlords of Champions Tactics NFT collection, recent developments, including sneak peeks and strategic partnerships, signal a promising future for the game
AlexThe issuance of a Wells Notice by the SEC to Uniswap Labs has sparked a unified response from the crypto community, rallying in defense of DeFi innovation and decentralised principles.
CatherineIn light of the ongoing congestion on the Solana network, more than 75% of on-chain transactions have been experiencing failures, prompting users to migrate to Ethereum for smoother transfers.
KikyoIn a recent court ruling in Taiwan, it was decided that the assets belonging to David Pan, the founder of Ace Exchange, along with others implicated in the case, will be confiscated.
CatherineGameCene raises $1.4M in seed funding, plans to expand its Web3 gaming platform, offering a diverse game library and empowering developers with its Omni-chain Game SDK.
Alex