What are Phygital NFTs and how to buy them
Unlike traditional NFTs, phygital NFTs represent digital assets with physical components that can be used to purchase physical goods related to the asset or unlock exclusive experiences such as virtual concerts and artwork exhibitions. Phygital NFTs are a new type of NFT that combines the characteristics of both physical and digital elements by linking a […]
New York releases new guidelines for crypto custodial structure
New York Department of Financial Services (DFS) issued regulatory recommendations on January 23, 2023, to better safeguard consumers in the case of virtual currency insolvency. Although not mandatory, the advice nonetheless has persuasive power. The guidelines are applicable to organizations that New York DFS has granted a license or chartered to manage virtual currency assets […]
Binance processes $346M in bitcoin transactions for Bitzlato
According to a Chainlysis analysis, Binance processed 205,000 transactions for Bitzlato between May 2018 and January 2023. On-chain security firm Chainlysis stated on Tuesday that Binance enabled over $345.8 million in Bitcoin trade volume for the crypto exchange Bitzlato. The US Department of Justice charged Bitzlato with money laundering, and its founder, Anatoly Legkodymov, was […]
Wormhole bridge exploiter transfers $155M in ETH
Earlier this week, an explosion of on-chain activity was observed at the address associated with the 320 million-dollar Wormhole exploit. The hacker of Wormhole, one of the largest cross-chain bridges between Solana and other blockchains has transferred stolen cash totalling $155 million in ETH to a decentralized exchange for the first time in months. CertiK’s […]
National Australia Bank launches AUD stablecoin
National Australia Bank has developed AUDN, a stablecoin that enables business customers to settle transactions in Australian dollars. The National Australia Bank (NAB) will be the second of the “Big 4” Australian banks to launch an Australian dollar-pegged stablecoin on the Ethereum network. According to an Australian Financial Review report from January 18, the AUDN […]