A Chinese court has sentenced nine individuals involved in a telecom fraud ring that defrauded over 66,000 Indian victims, laundering the proceeds through Tether's USDT stablecoin. The operation, which stole 517 million Indian rupees (approximately $6.2 million), was...
Ethereum co-founder Vitalik Buterin has proposed a new strategy to enhance user privacy on the Ethereum network without significant changes to its core infrastructure. In an April 11 post on the Ethereum Magicians forum, he outlined ways for...
Standard Chartered and OKX have launched the Collateral Mirroring Program to enhance institutional investors' trading experience in the cryptocurrency market. This program addresses the complexities and costs of managing collateral across multiple platforms. This can be a significant...
Brazil's central bank digital currency (CBDC), Drex, is encountering significant hurdles regarding privacy as it approaches its anticipated launch in late 2024. Recent reports indicate waning support from external partners, exacerbating concerns about the platform's ability to maintain...
MoonPay, a leading provider of cryptocurrency payment infrastructure, has unveiled MoonPay Labs, an accelerator program aimed at supporting early-stage Web3 startups. The initiative will provide pre-seed and seed-stage technical teams with capital, product support, and growth strategies. MoonPay...
Ominimo, a Polish insurtech startup, has received its first external investment from Zurich Insurance Group, valuing the company at $220 million. This investment marks a significant milestone for the company, which has been self-funded for a year. It...
Meanwhile, a pioneering crypto insurance company has raised $40 million in a Series A funding round. This investment, led by Framework Ventures and Fulgur Ventures, with participation from Wences Casares, founder of crypto bank Xapo, values Meanwhile at...
Sweden is discussing the potential inclusion of Bitcoin in its foreign reserves, which could significantly impact the global financial landscape. This development highlights the growing recognition of Bitcoin's role in financial risk management and its potential as a...
China’s central bank, the People’s Bank of China (PBOC), has reportedly instructed state-owned lenders to reduce dollar purchases in the foreign exchange market. This move signals Beijing’s growing efforts to stabilize the yuan and counterbalance the economic pressures...
ZKcandy aims to revolutionize Web3 game development by creating immersive gaming ecosystems where users have true ownership of their digital assets. The platform leverages AI to animate non-player characters (NPCs), develop dynamic storylines, and deliver personalized experiences. With...
