In a report detailing the outcome of the first phase of drex, the national CBDC pilot, the Central Bank of Brazil acknowledged that none of the anonymity and privacy solutions tested met the project’s needs. Central Bank of Brazil Still in Search of Privacy Solution for CBDC The pilot of the Brazilian central bank digital
MEXC has invested $20 million in USDe, Ethena’s synthetic dollar, to drive stablecoin adoption and expand DeFi innovation. The exchange also launched a $1 million rewards campaign to incentivize participation in the growing stablecoin market. $20 Million Investment in USDe to Boost Stablecoin Adoption MEXC, a global crypto exchange has announced a $20 million investment
Hong Kong’s Securities and Futures Commission (SFC) unveiled its “ASPIRe” roadmap, a strategic plan with 12 key initiatives aimed at strengthening the city’s virtual asset ecosystem. What’s the significance: With crypto regulations still unfinished, Philippine regulators could view Hong Kong’s ASPIRe roadmap as a guide to enhance licensing, investor protection, and market infrastructure to remain
Federal authorities arrested three individuals in California for allegedly laundering over $13 million from victims of crypto investment scams known as “pig butchering.” The suspects, including Chinese nationals Mingzhi Li and Zeyue Jia, along with Jun Shi, allegedly created shell companies—Magic Location Trading and Stone Water Trading—to operate unregistered money service businesses that funneled funds
Coinbase has partnered with Onboard Global to offer Nigerian users secure and efficient cryptocurrency trading. Shielding Coinbase from Regulatory Risk Coinbase and Onboard Global have partnered to provide secure and efficient cryptocurrency trading for Nigerian users. The collaboration enables the purchase of cryptocurrency with local currency through a peer-to-peer (P2P) exchange, with streamlined verification and
On its newly released roadmap, the pseudonymous founder of the Telegram-based game Farm Frens, known as Kaizen, said that they will relaunch on the LINE messenger app as the “Season 2 with major improvements” after experiencing trouble on the token generation event (TGE) of $FREN. The launch of Farm Frens on LINE will happen in
The Avalanche Foundation and digital payment firm Rain launched the Avalanche Card on Feb. 26, 2025, enabling users in Southeast Asia, Africa, and Latin America to spend cryptocurrencies through Visa’s global network. Avalanche and Rain Partner to Launch Crypto Card for Conversion-Free Spending The card supports transactions using USDC, USDT, Wrapped AVAX (wAVAX), and AVAX,
Former Binance CEO Changpeng Zhao (CZ) has claimed that a “local player” was responsible for blocking the global cryptocurrency exchange’s efforts to secure regulatory approval in the Philippines. CZ Alleges Local Interference In response to a question on Twitter/X regarding Binance’s licensing status in the country, CZ stated: “As of the last time I had
Aya Miyaguchi has transitioned from executive director to president of the Ethereum Foundation, effective Feb. 25, 2025, as part of a leadership restructuring aimed at addressing community concerns and advancing institutional partnerships. Aya Miyaguchi Steps Into Ethereum Foundation Presidency Miyaguchi, who joined the nonprofit in 2018, oversaw key milestones such as Ethereum’s 2022 transition to
Key Points: Binance’s Response:The exchange denied dumping large amounts of SOL and ETH tokens, clarifying that they simply facilitate user trades and do not control individual market maker decisions. Role of Wintermute:Data from Arkham Intelligence revealed transfers of approximately 103,570 SOL ($16.32M) and 25,000 ETH ($80M) to market maker Wintermute, a key liquidity provider. Market