India Suggests Inputs for Crypto Framework to G20
India has endorsed the Financial Stability Board’s (FSB) July recommendations for a global crypto framework emphasizing the need for developing economies to address the dangers associated with digital assets. India released its presidency note for input into a roadmap for a global crypto framework on August 1. The document endorses the FSB, the Financial Action […]
Tether Blacklists Zero Transfer Scammer Who Stole $20M USDT
On August 1, a hacker using a zero transfer phishing attack stole $20 million worth of Tether before being blacklisted by the stablecoin’s issuer, Tether. A zero transfer fraudster allegedly stole 20 million USDT from the victim address 0x4071…9Cbc, as reported by the on-chain analytics firm PeckShield. The victim intended to send funds to the […]
Meta Sets to Launch AI Chatbots With Human-Like Personalities
According to a report from the Financial Times, Meta, the parent company of Facebook and Instagram, intends to release artificial intelligence (AI) chatbots with human-like personalities as part of its efforts to retain users. The Financial Times reported on August 1 that prototypes of chatbots are currently being developed, with the final products able to […]
Nigeria’s SEC Cautions Citizens Against Using Binance Exchange
The Nigerian Securities and Exchange Commission (SEC) has cautioned investors in the country against using Binance, the largest cryptocurrency exchange in the world, stating its operation is illegal. The SEC issued a warning against investing with Binance on July 28. The agency maintains that the platform lacks a license to operate in the country and […]
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.” […]