BIS Unveils Technical Priorities for CBDCs in Americas
The major technical priorities for a possible CBDC architecture have been identified by the central banks in the Americas, with assistance from the BIS. For nations investigating or putting Central Bank Digital Currency (CBDC) ideas into practice, the Consultative Group on Innovation and the Digital Economy (CGIDE) study is a useful resource. Central banks are […]
Tether Freezes All OFAC-sanctioned Wallets
Tether strengthens security and compliance efforts by announcing a policy to freeze wallets connected to OFAC’s SDN List. The business that created the well-known stablecoin, Tether, has declared a major change in strategy toward regulatory compliance and law enforcement agency cooperation. Tether announced its plan to voluntarily freeze wallets linked to people or organizations on […]
US, South Korea, Japan Collaborate to Tackle North Korea Cyberattacks
The US, Japan, and South Korea take strong steps to protect security interests by opposing North Korea’s use of cryptocurrency for money laundering. The US, South Korea, and Japan have launched ground-breaking plans to combat cyber threats, cryptocurrency abuse, and space launches as a united front against North Korea’s increasing threats. Concurrently, the joint endeavors, […]
ECB Gets New Powers From EU Over Climate, Crypto Bank Risks
The European Union is strengthening the role of the European Central Bank in supervising digital assets and climate risks inside the banking industry. This action is a result of the banking industry’s exposure to a wider range of risks, particularly those related to climate change and the developing field of digital assets. The ECB’s duties […]
Smart Contract Exploit Leads to $188k Loss in TIME Token
According to CertiK, a recent exploit of the TIME token resulted in a potential loss of approximately $188,000. The exploiter started the attack by exchanging 5 ETH for Wrapped Ether (WETH) and trading it for more than 3.4 billion TIME tokens. The modification of the Forwarder contract, which is intended to carry out transactions from […]