Coinbase Ceases pUSDC Withdrawals
Coinbase has discontinued pUSDC withdrawals on Polygon; however, users can still deposit and withdraw USDC. On October 12, 2023, Coinbase, one of the most prominent cryptocurrency exchanges, announced that it would no longer support withdrawals of pUSDC, the wrapped variant of USDC on the Polygon network. However, pUSDC deposits will continue to be accepted, and […]
Elliptic Connects FTX’s $400 Million Loss to Russian Syndicates
Elliptic traces the $400 million in stolen FTX assets to Russian cyber criminals, RenBridge, and money movement mixers. Approximately $400 million of stolen assets from the now-defunct FTX cryptocurrency exchange may have been traced to cybercriminal organizations based in Russia. This discovery is based on a comprehensive analysis by Elliptic, a prominent research firm. A […]
CBDC Innovation Fuels Hong Kong-UAE Financial Ties
Hong Kong and UAE banks have formed a bilateral working group to strengthen market interconnection, CBDC, and financial infrastructure. Hong Kong and the United Arab Emirates (UAE) have strengthened their financial cooperation by working together on several technological initiatives. These initiatives include the development of central bank digital currencies (CBDCs) in an effort to improve […]
Caroline Ellison Accuses SBF of Involvement in Criminal Activity
Caroline Ellison, former CEO of Alameda Research, testified at her trial that Sam Bankman-Fried (SBF) instructed her to commit a crime. As the trial of the embattled FTX Derivatives founder’s chief executive officer, Sam Bankman-Fried (SBF), enters its second week, his ex-girlfriend and longtime ally, Caroline Ellison, has once again indicted the cryptocurrency pioneer. Caroline […]
Circle Introduces USDC Minting on Ethereum’s Polygon
Circle introduces USDC minting on Polygon, expediting DeFi transactions and improving global payments by lowering fees. The Circle stablecoin issuer has unveiled its latest initiative to mint USD Coin (USDC) directly on the Polygon scaling protocol for Ethereum layer-2. This innovation facilitates the process for users and developers by removing the need to connect the […]