Author: Crypto News
Marking a New A Milestone for the Worlds Leading Web3 Professional NetworkLondon, UK – May 14, 2024 – Bondex, the web3 professional and social network, has announced the integration of the OKX Wallet, enhancing user experience for its over 2 million active users. This integration allows seamless access to Bondex’s platform, often dubbed the ‘LinkedIn of Web3,’ facilitating both talent acquisition and job hunting with added security and ease.Users can earn referral bounties of up to $10,000, turning them into extended recruitment agents for hiring companies. With prominent web3 companies like Chainlink, Blockchain.com, and Ankr already utilizing Bondex, the addition…
Last updated: May 17, 2024 03:37 EDT | 1 min read The Society for Worldwide Interbank Financial Telecommunication (SWIFT) China President recently shared insights on the challenges and solutions for cross-border central bank digital currency (CBDC) interoperability.In an interview with 21st Century Business Herald, Wen Yang addressed the fragmentation in CBDC systems due to varying technological paths and standards among different economies, highlighting the organization’s effort to bridge technical gaps.CBDCs Face Cross-Border ChallengesAccording to the report, over 130 economies are now exploring CBDCs, with nearly 70% of central banks expecting to issue them within the next decade. However, the rapid…
In a groundbreaking move that has set the traditional finance world abuzz with excitement, Real World Assets (RWAs) are swiftly gaining traction within the crypto and blockchain sphere. Spearheaded by the recent surge in interest from major players like BlackRock, the convergence of real-world assets with blockchain technology is poised to revolutionize the global financial landscape.BlackRock’s Impact on Asset TokenizationBlackRock’s foray into the realm of tokenized assets with the launch of its BUIDL fund on March 20 sent shockwaves through the industry, attracting a staggering $240 million in inflows. This move underscored a pivotal shift in the market, signaling the…
Last updated: May 17, 2024 03:28 EDT | 1 min read The Autorité des Marchés Financiers (AMF), France’s local financial commission, has reminded investors in a warning note published Thursday, to refrain from trading crypto platform, ByBit.ByBit, which is one of the largest crypto exchanges globally, scored significant growth in the recent past. The exchange hit 20 million registered users after 5 years of operation in 2023.However, the exchange has been under scrutiny in France for its lack of non-compliance with current regulations. As a result, the French regulator blacklisted the platform in 20 May 2022.“ByBit is not authorized to…
Recently, the SEC decided to pursue Ripple (XRP) for $2B as its legal battle heats up. Meanwhile, Tether (USDT) has increased its investment in CityPay, a payment service. Amidst these developments, all eyes are on Rollblock (RBLK) – a Stage 1 presale star. Analysts claim that this altcoin could surge 1200% in 2024. Let’s see why.The SEC Demands Ripple (XRP) To Pay $2BThe SEC is continuing its legal battle against Ripple (XRP). In a recent filing, the SEC demanded that Ripple pay $2B, which is a way larger amount than what Ripple offered. In April 2024, Ripple offered to pay…
Last updated: May 17, 2024 02:49 EDT | 2 min read The Depository Trust and Clearing Corporation (DTCC), the largest settlement system in the world, has partnered with blockchain oracle Chainlink to conclude a pilot program involving several major banking firms in the United States.The primary objective of the program was to enhance the tokenization of traditional finance funds.The pilot program, known as the Smart NAV Pilot, focused on establishing a standardized method for providing net asset value (NAV) data of funds on blockchains.Chainlink’s Cross-Chain Interoperability Protocol (CCIP) played a key role in achieving this goal.Structured Data Could be Delivered…
Last updated: May 17, 2024 01:52 EDT | 2 min read Binance has teamed up with Taiwan’s Ministry of Justice Investigation Bureau and the Taipei District Prosecutors Office to solve a significant case involving cryptocurrency-assisted money laundering.The investigation centered around illicit funds amounting to nearly NT$200 million, equivalent to approximately $6 million, the exchange said in a press release shared with Cryptonews.com.Per the announcement, Binance’s cooperation, leveraging its Financial Crimes Compliance (FCC) Department’s expertise and intelligence sharing, played a key role in bringing the perpetrators to justice.Money Laundering for a Long PeriodThe criminal operation had been facilitating money laundering for…
Last updated: May 17, 2024 01:09 EDT | 1 min read A customer sued Dolce & Gabbana USA on Thursday, claiming the NFTs they purchased lost 97% in value due to the company’s bungled delivery.Bloomberg reported Friday that the Italian fashion house sold the NFTs on Ethereum, promising “a slate of digital, physical and experiential benefits.” It reportedly told consumers that buying its DGFamily NFTs would unlock access to various digital rewards, physical products, and exclusive events.The lawsuit further alleges that Dolce & Gabbana failed to deliver the NFTs and promised benefits on time. The digital outfits, which arrived 20…
Last updated: May 16, 2024 20:13 EDT | 4 min read Bitcoin Price PredictionBitcoin is trading just above $65,000, experiencing a 1.25% correction after a recent surge. This upward movement was driven by weaker US CPI data, dovish FOMC sentiment, and a break from a symmetrical triangle pattern.Despite this slight bearish correction, the Bitcoin price prediction remains bullish, especially with Andrew Tate’s announcement to invest $100 million in Bitcoin and decreasing BTC supply on exchanges.Bitcoin Supply on Exchanges Hits New Lows Amid Bullish MarketBitcoin (BTC) supply on centralized exchanges (CEX) has dropped to new lows following strong market activity over…
Last updated: May 16, 2024 19:30 EDT | 2 min read South Korean police have arrested 34 people in a raid on a suspected crypto-powered drugs smuggling ring, officers announced on May 16.Per Newsis, police seized 90,000 doses of drugs including methamphetamine (crystal meth), synthetic marijuana, and ketamine.Officers said the ring used Vietnam-based smugglers to hide the drugs in cosmetics products.Gang members then allegedly sent these products to South Korea via international courier services.Crypto-powered Drugs Smuggling Ring ‘Hid Narcotics on Mountain’Police said they had remanded nine people in custody, including two suspected South Korean ringleaders (both aged 36).Officers added that…