Visa Token Service in Asia-Pacific Market Reaches Over 1B Tokens
Visa disclosed on March 26 that its payment services in the Asia-Pacific region processed over one billion tokens and contributed over two billion dollars to the market “uplift” in the preceding year. Established in 2014, the Visa Token Service (VST) is an intermediary between conventional banking account data and mobile payment platforms, including Apple Pay […]
IMF Suggests Stablecoins, CBDCs Could Boost Pacific Islands’ Economies
The International Monetary Fund (IMF) thinks that Stablecoins and CBDCs have the potential to enhance financial inclusion and improve the quality of financial services in the Pacific Islands’ most remote and dispersed nations. The IMF published a report on March 25 examining the potential impact of central bank digital currencies (CBDCs) and stablecoins on the […]
CommEx Crypto Exchange to Shut Down in April
Russian cryptocurrency exchange CommEx, also known as Binance’s successor, has formally declared its closing down in April and has ceased accepting deposits. After acquiring the Russian operations of Binance in September 2023 for an undisclosed sum, CommEx is now dismantling its platform. On March 25, CommEx started its official Telegram group, which abruptly ceased all […]
Supreme Court of Montenegro Postpones Do Kwon’s Extradition
In anticipation of a decision from prosecutors, the Supreme Court of Montenegro has postponed the extradition of Do Kwon, co-founder of Terraform Labs, to his native country, South Korea. Regarding a lower court decision that would have authorized Kwon’s extradition to South Korea, the Council of the Supreme Court of Montenegro stated in a March […]
Hacker Transfers $10M Worth of Ether From 2023 Phishing Attack
A September 2023 phishing-associated account transferred $10 million in Ether to the cryptocurrency mixing protocol Tornado Cash. A blockchain security firm, CertiK, identified an account associated with the $24 million breach on March 21 while transmitting 3,700 ETH to Tornado Cash. Phishing on September 6, 2023, resulted in the theft of funds from a cryptocurrency […]