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Business

Australian commercial bank launches stablecoin for cross-border transactions
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18 March, 2023

Australian commercial bank launches stablecoin for cross-border transactions

The fully-banked stablecoin will enable transactions across seven leading fiat currencies, including the U.S. dollar, euro, and yen, in an...
US judge orders hackers to return $1M in USDT after being served via NFT
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18 March, 2023

US judge orders hackers to return $1M in USDT after being served via NFT

The plaintiff fell victim to a fake liquidity scam where he lost $1 million to the hackers, and after serving...
GOP Congressman Tom Emmer accuses FDIC of weaponizing bank closures to attack digital asset industry
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17 March, 2023

GOP Congressman Tom Emmer accuses FDIC of weaponizing bank closures to attack digital asset industry

Republican Congressman Tom Emmer wrote a letter to the Chairman of the FDIC, Mark Gruenberg, voicing his concerns about the...
SEC’s new cybersecurity rules might spill over to digital assets
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17 March, 2023

SEC’s new cybersecurity rules might spill over to digital assets

The securities regulator proposed new regulations for cybersecurity among financial firms that could spill over to digital assets, requiring greater...
Sam Bankman-Fried got $2.2 billion from FTX, was nearly forced out in 2018
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17 March, 2023

Sam Bankman-Fried got $2.2 billion from FTX, was nearly forced out in 2018

FTX’s new management filed a series of declarations detailing its efforts to make sense of SBF’s tangled financial web, and...
Meta to lay off 10,000 workers as metaverse ambition wanes
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17 March, 2023

Meta to lay off 10,000 workers as metaverse ambition wanes

Mark Zuckerberg announced another round of massive layoffs, just days after winding down NFT integrations, even as his focus seemingly...
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