Brazilian Central Bank Selects Nubank, Visa, and 12 Others for CBDC Pilot
The Central Bank of Brazil chose 14 institutions to participate in the digital real pilot, the country's central bank digital currency (CBDC).
Aadrika Sharma
Binance Suspends Deposit for Bridged Tokens
Due to problems with the Multichain bridge project, Binance momentarily stopped accepting deposits for 10 crypto tokens.
Unciphered Security Firm Exposes Trezor T Wallet Vulnerability
Unciphered, a cybersecurity company, claims to have used a hardware flaw to successfully hack into a Trezor T hardware cryptocurrency wallet.
FBI Issues Alert Regarding Scams in Crypto Job Listings
The US Federal Bureau of Investigation (FBI) has issued a warning over fake cryptocurrency job postings that have appeared on social media and job boards, mainly in Asia.
Core Scientific plans to Exit Bankruptcy by September
Key takeaways: According to recent court filings, Core Scientific, a crypto mining company currently undergoing Chapter 11 bankruptcy proceedings, is targeting a September exit from bankruptcy. The firm anticipates an additional $46 million as a result of favorable market conditions.…
South Korea’s Ruling Party Urges Swift Implementation of Crypto Regulations
Key takeaways: The floor leader of South Korea‘s ruling People Power Party announced that a recently proposed bill, which mandates lawmakers and high-level government officials to disclose their cryptocurrency and virtual asset holdings, is expected to be enforced within the…
Crypto Exchange Hotbit All Set To Suspend Operations
Hotbit, a cryptocurrency exchange, announced that it will cease all operations on May 22 at 04:00 UTC. Users were advised to withdraw their assets prior to June 21.
Biden rejects crypto-friendly debt deal amidst U.S. default threat
Key takeaways: During the G7 summit, President Joe Biden stated that prior to his departure, he held discussions with all four congressional leaders and they reached a consensus that progress can only be made through a bipartisan agreement. Biden expressed…
Michael Lewis is all set to Publish Book on FTX’s downfall
The author of "Moneyball" and "The Big Short," Michael Lewis, is almost done writing a book about Sam Bankman-Fried
Visa Deploys Paymaster Smart Contract on Ethereum Testnet
Visa recently conducted testing on Ethereum's Goerli testnet using "Paymaster" smart contracts, exploring the concept of "account abstraction.
