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.
BitBuy relies on Eventus for trade surveillance
Eventus Systems, provider of multi-asset class trade surveillance and market risk solutions for customer bases such as broker-dealers, banks and crypto exchanges, has gained its first Canadian client, BitBuy.
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.
North Korean cybercriminals stole almost $400m worth of digital assets in 2021
Research by Chainalysis has found North Korean cybercriminals stole close to $400m worth of digital assets across at least seven cyberattacks last year.
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.
UK parliament launches crypto advocacy group
The UK parliament has launched a cross-party group of lawmakers to create a framework to regulate digital asset markets, a report by the Financial...
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.
