Mexico’s Digital Peso Delayed, Launch Date Unclear
Mexico’s central bank digital currency (CBDC) development is still in an initial phase, and it is unlikely to be ready for launch by 2024. Mexico’s proposed central bank digital currency (CBDC), which was first revealed more than a year ago, is still in the planning stages and is not likely to arrive in 2024 as […]
CES 2023: Smell, Touch Are Focus Of Metaverse
The sense of smell has been added to the virtual reality experience as shown by metaverse companies at the CES 2023. According to a recent report from the consulting company McKinsey & Company , the metaverse may be able to provide $5 trillion in value by 2030. The paper did point out that a more […]
MCB Leaves Cryptocurrency After Turbulent Year
The Metropolitan Bank Holding Corp, the holding company for Metropolitan Commercial Bank (MCB), says it’s completely exiting its crypto-asset-related vertical. The cryptocurrency industry had a turbulent year last year as well. No sector escaped unscathed, from a protracted market downturn to exploits in decentralized finance (DeFi) to the FTX scandal. For some, the activities in […]
Exploited Nomad Bridge Wallet Transfers $1.5M To Tornado Cash
A wallet address associated with Nomad Bridge, recently transferred $1.57 million in ETH to the banned crypto mixer Tornado Cash. $1.57 million in Ether (ETH) has been transferred from an address linked to the $190 million Nomad exploit to the authorized cryptocurrency mixer Tornado Cash. A wallet address linked to the Nomad hack has transferred […]
U.S. DOJ to seize Robinhood shares tied to Bankman-Fried
The Justice Department seized Robinhood shares and more than $20 million in U.S. currency as part of the criminal case against SBF. In connection with the criminal investigations into the leaders of the cryptocurrency exchange FTX, the US Department of Justice has formally notified the court overseeing BlockFi’s bankruptcy that it has seized assets. The […]