Google Cloud’s Web3 Head: Focus on Business, Not Tokens
James Tromans, the Head of Web3 at Google Cloud, recently shared his views on the crypto industry and the role of blockchain technology in business innovation. In an exclusive interview, he urged the crypto community to shift their focus from token prices to smart contracts and their potential to solve real-world problems. Tromans expressed his […]
What Caused Ripple’s $15M Crypto Hack at Fortress Trust?
Fortress Trust had $15 million stolen from it as a consequence of the Google Authenticator breach, which was disclosed by Retool recently. Retool has disclosed vital details regarding a recent malware incident that compromised 27 cryptocurrency accounts. In this incident, a staggering $15 million worth of cryptocurrency was stolen from Fortress Trust after an attacker […]
US Senators Support Elizabeth Warren’s Crypto Bill
Nine US Senators have publicly supported Senator Elizabeth Warren’s Digital Asset Anti-Money Laundering Act, which seeks to crack down on “crypto’s use in money laundering, drug trafficking, and sanctions evasion.” Democratic Party Senators Gary Peters, Dick Durbin, Tina Smith, Jeanne Shaheen, Bob Casey, Richard Blumenthal, Michael Bennet, and Catherine Cortez Masto, as well as independent […]
Kazakhstan Forms Regulatory Agency For CBDC Implementation
The National Bank of Kazakhstan (NBK) has established a separate entity to lead the implementation of the country’s CBDC, the digital tenge. The National Bank of Kazakhstan (NBK) has created a separate organization to oversee establishing and implementing the digital tenge, the country’s central bank digital currency (CBDC). The National Payment Corporation (NPC) is a […]
South Korea Targets OTC Crypto Regulations
According to a report by the Korean Customs Service, illegal foreign exchange deals involving virtual currency were valued at $4B last year. South Korean regulators have shifted their attention to over-the-counter (OTC) crypto transactions in response to rising concerns over its criminal use. The country’s financial regulators are reportedly monitoring the OTC cryptocurrency market. According […]