BIS Innovation Hub Presents ‘Project Tourbillon’ CBDC Initiative
The Innovation Hub of the Bank for International Settlements (BIS) has released the concluding report for Project Tourbillon, a private central bank digital currency (CBDC) initiative. It features two eCash prototypes, providing anonymity and security. The November 29 publication of the 46-page report examines privacy, security, and scalability concerning two prototypes constructed using the blueprints […]
DeFi Platforms Aerodrome, Velodrome Face Front-end Hacks
On November 28, the decentralized finance (DeFi) platforms Aerodrome and Velodrome experienced front-end hacks on both platforms and took to social media to warn users. Both platforms issued statements on X (previously Twitter) that their user interfaces had been compromised and requested that users refrain from interacting with the platforms during the ongoing investigation. Approximately […]
Zipmex Cryptocurrency Exchange to Pay Creditors 3 Cents per Dollar
Troubled cryptocurrency exchange Zipmex is offering its creditors an additional payment of 3.35 cents per dollar for initial claims the company owes its clients $97 million. Bloomberg reported on November 29 that, “subject to the recovery,” Zipmex might increase the price from 3.35 cents to 29.35 cents per dollar. However, significant creditors oppose the proposed […]
145 Victims, $18.9M Lost in Hounax Scam – Hong Kong Authorities
According to Authorities in Hong Kong, Hounax, an unlicensed cryptocurrency exchange, allegedly scammed 145 users, resulting in $18.9 million (148 million HKD) in lost funds. To apprise the Hounax platform of the allegations, local law enforcement conducted an initial press conference on November 25. According to the Hong Kong Securities Regulatory Commission (SFC), they have […]
Spanish Citizens to Declare Foreign Crypto Assets by March 2024
The taxation of virtual assets will be regulated by new legislation that requires Spanish citizens who possess crypto assets on platforms outside Spain to declare them by March 31, 2024. As initially reported in the Boletín Oficial del Estado, the official state gazette of the Kingdom of Spain, on July 29, 2023, the Spanish Tax […]