Wormhole hack causes around $320m in stolen cryptocurrency
Blockchain bridge Wormhole has confirmed that around $320m worth of cryptocurrency has been stolen following a hack earlier this week.
India plans to unveil digital rupee in 2023
The Indian government has revealed it plans to launch a digital rupee in 2023 to deal with the growing demand for digital transactions in the country.
UK lawmakers underline key stability and privacy risks of CBDCs
A report by the House of Lords’ Economic Affairs Committee has warned how a digital pound could harm financial stability, raise credit costs and erode privacy.
HKMA proposes bank-like regulations on stablecoins
The Hong Kong Monetary Authority (HKMA) has called for the regulation of fiat-currency backed stablecoins similar to that of banks.
Why PayPal may be next to enter the stablecoin market
PayPal has confirmed it is looking into developing PayPal Coin, a dollar-backed stablecoin as it looks to expand its footprint in the cryptocurrency space.
RBI launches Fintech department to deal with Crypto, CBDC challenges
The Reserve Bank of India (RBI) has created a new Fintech department to deal with key challenges in the burgeoning sector.
Cryptocurrency-based crime reached a new high in 2021
A report by Chainalysis has found illicit addresses received $14bn in deposits during 2021, which was almost twice the amount they collected in 2020.
Could 2022 be the year of the CBDC?
With the rise of cryptocurrencies showing no signs of slowing down, the growth of central bank digital currencies (CBDC) appears to be another trend on the ascendancy. Will 2022 prove to be a red-letter year for CBDC adoption?
Japan to place new restrictions on stablecoin issuance
Japan’s Financial Services Agency (FSA) has revealed it is proposing new restrictions that would only enable banks and wire transfer services to issue stablecoins.
CertiK continues funding spree as it nets $80m Series B2
Blockchain security firm Certik has bagged $80m from a Series B2 financing raise led by Sequoia Capital China.
