Indonesian Cryptocurrency Transactions Exceed $30B in 2024
Transaction totals in 2024 are up more than 350% year-over-year but still far lower than Indonesia’s 2021 highs. The Indonesian cryptocurrency market reported over $30 billion in transactions from January to October 2024, a 350% year-over-year surge and the highest total since the 2021 bull market. Data from the Commodity Futures Trading Supervisory Agency shows […]
Crypto User Gets AI Bot Freysa to Transfer $47K Prize Pool
The $47,000 of prize pool funds were transferred after Freysa was convinced by a persuasive message after 482 attempts from 195 participants. A contestant in the adversarial agent game Freysa successfully convinced an AI bot to transfer over $47,000 from its prize pool. Freysa, described as an autonomous AI bot tasked with safeguarding a prize […]
Morocco’s Central Bank to Legalize Cryptocurrencies —Report
More countries are developing crypto regulatory frameworks based on Europe’s upcoming MiCA regulations. Morocco is reportedly moving toward the legalization of cryptocurrencies, reversing a nationwide ban imposed in 2017. Central Bank Drafts Crypto Legislation According to Reuters , Morocco’s central bank, Bank Al-Maghrib, has prepared a draft law for regulating cryptocurrency, which is now under […]
Ripple, Archax Launch First Tokenized Money Market Fund on XRP Ledger
Ripple’s XRP Ledge will start tokenize asset management abrdn’s $4.77 billion US dollar Liquidity Fund. Blockchain payments firm Ripple has announced the debut of the first tokenized money market fund on the XRP Ledger. The fund is based on asset manager abrdn’s $4.77 billion (3.8 billion British pounds) US Dollar Liquidity Fund. Partnership with Archax Enables […]
Singapore Gulf Bank Eyes $50M for Stablecoin Firm Acquisition
Singapore Gulf Bank seeks to sell an equity share to fund product expansion and a 2025 stablecoin payments acquisition. Singapore Gulf Bank, a crypto-friendly digital bank, is reportedly seeking a minimum of $50 million in funding as it plans to acquire a stablecoin payments company by 2025. On November 25, Bloomberg reported that Singapore Gulf […]