HashKey Pro Requests License Upgrade in Hong Kong
HashKey Pro, an Asian cryptocurrency exchange, has applied for a license update to the Securities and Futures Commission (SFC) of Hong Kong. Regional media sites report that HashKey Pro, a subsidiary of the HashKey Group, a financial services provider for digital assets, is fine with getting its application granted. In the upcoming weeks, it aims […]
BIS Announces Strategy to Defend CBDCs Against Cyber Risks
A strategy to safeguard central bank digital currencies (CBDCs) from cybersecurity risks in the decentralized finance (DeFi) industry has been unveiled by the Bank for International Settlements (BIS). These rules are intended to address the DeFi sector’s vulnerabilities, which could endanger CBDCs created using blockchain and smart contract technology. Large-scale assaults on distributed ledger technology […]
Binance Chief Strategy Officer Patrick Hillmann Steps Down
Binance, the largest cryptocurrency exchange in the world by trading volume, has consistently been a top focus of regulatory investigation in the United States. The recent lawsuit filed by the US Securities and Exchange Commission (SEC) drew criticism for giving US-based cryptocurrency exchange Coinbase special treatment. In this regard, it was asserted that numerous top […]
Crypto.com Aims to Recoup $76K Related to Transaction Error
Crypto.com produced legal filings dated July 7 in an effort to recover from a $50,000 transaction that was made in error and the extra $26,000 in additional monies that resulted. James Deutero McJunkins Jr. , a native of Georgia and a user of Crypto.com, is at the center of the case. On June 24, 2022, […]
Cardano Community to Expect Hydra Pay Protocol
The Cardano community may soon embrace the Hydra Pay protocol, a decentralized payment system powered by users. Unbeknownst to many, Cardano (ADA) protocol developers drive innovation in novel ways. The community should anticipate a new decentralized payment system powered by Cardano-based layer-2 solution Hydra Head and compatible with Web 3.0 wallets in the network, according […]