Citigroup Launches ‘Citi Token Services’ for Institutional Clients
Citigroup has introduced Citi Token Services, a private, permissioned blockchain that provides institutional clients with cross-border payment, liquidity, and automated trade finance solutions. Citi Treasury and Trade Solutions (TTS), holding banking licenses in over 90 countries, has completed two service prototypes. It collaborated with the Danish shipping company Maersk and an unnamed canal authority to […]
Bitcoin Miner Returns Over $500k Overpayment Fee to Paxos
A Bitcoin miner who received the 19.8 BTC in fees has returned the funds to blockchain infrastructure company Paxos after the company claimed to have paid over $500,000 in BTC transfer fees by error. On September 10, the cryptocurrency community was perplexed by a BTC transaction that paid approximately $500,000 in fees to transfer roughly […]
EY Invests Launches New AI-powered Platform for Users
Ernst & Young (EY), one of the Big Four global professional services providers, has announced the creation of a new platform enabled by artificial intelligence (AI) for its clients. The London-based company announced in a blog post on September 13 that it had invested $1.4 billion in AI technologies for its new EY.ai platform, which […]
Lazarus Group Reportedly Behind $55M CoinEx Hack
According to blockchain security firm SlowMist and on-chain investigator ZachXBT, the attack on cryptocurrency exchange CoinEx that siphoned at least $55 million was conducted by the North Korean hacker group Lazarus. The cyber group was identified after their address was mistakenly linked to the recent Stake and Optimism breaches. On September 12, CoinEx observed significant […]
Milady Maker NFT Project Faces $1M Exploit in Fees
The Ethereum blockchain-based nonfungible token (NFT) project Milady Maker has fallen victim to an exploit involving the platform’s fees and social media accounts. The individuals involved in the exploit have been identified, and legal action will start soon. Charlotte Fang, co-founder of the Milady Maker NFT collection, announced on X (formerly Twitter) on September 11 […]