Bank of Korea Reportedly Selects 3 Cities to Pilot CBDC
According to a local South Korean media outlet, the Bank of Korea has selected three regions to pilot its central bank digital currency (CBDC), none including the country’s capital, Seoul. The Bank of Korea confirmed on July 31 that Jeju, Busan, and Incheon have been selected as candidates for the “private target CBDC test bed.” […]
Authorities Seize 34 Illegal Crypto Miners Using Stolen Electricity
Authorities in Miri on the island of Borneo have shut down and seized the equipment of an illicit cryptocurrency mining operation stealing power from the local grid. According to the Borneo Post, Sarawak Energy discovered 34 cryptocurrency mining servers operating with stolen electricity through cable tapping. Authorities seized all of the operation’s equipment, including servers […]
Bendigo Bank Restricts High-risk Payments to Crypto Exchanges
Bendigo Bank is the fourth central Australian bank to impose restrictions on “high-risk crypto payments,” citing the need to protect customers from investment scams. The bank announced on July 31 that it had implemented new rules on instant payments to cryptocurrency exchanges that add “some friction” to “certain genuine payments,” according to Jason Gordon, the […]
Coinbase CEO Says SEC Asked Them to Delist All Crypto But BTC
Coinbase CEO stated that if they had yielded to SEC’s demands, it could have repercussions for crypto firms in the United States. During a recent interview with the Financial Times, Coinbase CEO Brian Armstrong revealed that the U.S. Securities and Exchange Commission (SEC) instructed them to halt trading for all 200 cryptocurrencies listed on the […]
Curve Finance (CRV) Token Tanks 16% Due to Defi Exploit
According to the initial report, the exploit in Curve Finance’s Vyper programming language resulted in losses of $24 million dollars. Curve DAO (CRV), the native cryptocurrency of one of the leading decentralized finance exchanges, has experienced a price collapse following a significant exploit on the DeFi platform caused by a programming language vulnerability. Like other […]