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Update Nov. 30 1:10PM UTC: This article has been updated to add details on the hackers demands.The hacker behind the $46-million KyberSwap exploit has finally released their conditions for the return of the stolen funds, which include “complete executive control” over the Kyber company.On Nov. 30, the KyberSwap hacker sent
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Crypto exchange Binance will leave the U.S., pay billions in fines and appoint a monitor for five years to settle charges with the Financial Crimes Enforcement Network (FinCEN) and Office of Foreign Asset Control (OFAC), the U.S. Treasury Department's money laundering and sanctions watchdogs, according to press releases shared Tuesday. Source
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As analysts continue to debate the future of the flagship cryptocurrency, Bitcoin, the network’s hashrate has seen exponential growth, with this key
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The Bank for International Settlements and the central banks of Hong Kong and Israel released the results of Project Sela on Sept. 12. The project was a public-private partnership that used private intermediaries to create a retail central bank digital currency (rCBDC) combining the desirable characteristics of cash and the
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Arkham Intelligence has unveiled what they claim to be “the world’s first on-chain intelligence exchange,” according to reports on July 18. In a video, Arkham claims their platform will enable users to securely and anonymously trade information
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The New York Federal Reserve and several large U.S. banks have successfully conducted an experiment using distributed ledger technology (DLT) to facilitate domestic and international transactions among various financial institutions. The “regulated liability network” experiment According to Bloomberg, the
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As part of a government-backed rescue plan earlier this year as well as a bid to prevent any financial market instability, UBS acquired Credit Suisse in a $3.2 billion deal. The long-awaited conclusion of the Credit Suisse Group AG (SWX: CSGN) acquisition by investment banking giant UBS Group AG (SWX: UBSG)
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Zambia is set to complete real-life crypto usage simulations by the end of June, Felix Mutati, the country’s science and technology minister has said. The Zambian minister said his country is seeking a balance between innovation and consumer protection. Zambia Needs to Build Digital Infrastructure Before It Introduces Crypto According to
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The Shapella upgrade was triggered at 22:27 UTC and is processing withdrawal requests. Source
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Former Assistant Secretary for Public Affairs for the U.S. Department of the Treasury Monica Crowley has warned of “catastrophic” consequences if the U.S. dollar loses its status as the world’s reserve currency. “That would mean the end of the U.S. dollar,” she said, predicting that “there would be a complete
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