DeFi User Mistakenly Swaps $131,350 in USDR for $0 in USDC

Source: Adobe Stock In an unexpected turn of events, a decentralized finance (DeFi) user accidentally lost a fortune after he swapped $131,350 in wrapped USDR (wUSDR) for $0 in USDC. The transaction was initially captured on DeFi and DEX aggregator OpenOcean by X (formerly Twitter) user @rektfencer. The DeFi user swapped $131,350, equivalent to approximately $141,729.77 in Real USD’s stablecoin,…

View On WordPress

Republicans Introduce Bills to Halt CBDC Implementation

Source: Adobe / lazyllama Lawmakers for the House Financial Services Committee (HFSC) introduced three bills on Thursday aimed at curbing the Federal Reserve’s potential foray into the world of CBDCs. The trio of bills rekindled prior Republican efforts to explicitly restrict the Federal Reserve from issuing a digital currency or providing related banking services to American citizens without…

View On WordPress

Hong Kong Steps Up Crypto Regulation with Warnings to Imitation Banks – Here's What You Need to Know

Image by Sergei Tokmakov, Esq. from Pixabay Today, the Hong Kong Monetary Authority (HKMA) issued a warning to cryptocurrency companies that improperly use the term “bank” in describing their services.  The authority stated that such wording wrongly suggests these companies are regulated by the HKMA, which is not the case. According to HKMA rules, only organizations with specific licenses can…

View On WordPress

Polygon Launches Phase 0 Towards Polygon 2.0, Ripple Opens Up Liquidity Hub to Brazil & Australia

Source: AdobeStock / Mahoa Creative Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________ Blockchain news Polygon Labs announced the launch of Phase 0 of its road to Polygon 2.0, which focuses on four main updates to the protocol: initiation of MATIC to POL upgrade; POL becoming the native…

View On WordPress

Celsius and Core Scientific Reach $45 Million Settlement Deal Following Mining Facility Dispute

Source: AdobeStock / Maksym Yemelyanov Digital asset miners Core Scientific and Celsius Mining have struck a $45 million deal over the Cedarvale mining site after months of litigation. According to the court filing, both companies have resolved to settle all disputes in a deal that they describe as beneficial to the entire mining ecosystem.  The arrangement would see Celsius pay $14 million in…

View On WordPress

Rachel Lin, CEO of SynFutures, on DeFi, Decentralized Derivatives Trading, and NFT Futures

In an exclusive interview with cryptonews.com, Rachel Lin, CEO and Co-Founder of SynFutures, talks about the recent trend of well-known TradFi players entering the crypto space, removing unnecessary intermediaries in TradFi, and the potential to power the unbanked and underbanked. About Rachel Lin Rachel Lin is the CEO and Co-Founder of SynFutures, a decentralized derivatives trading platform.…

View On WordPress

ANZ Leverages Chainlink’s Protocol to Complete Tokenized Assets Transaction using Native Stablecoin

Source: Getty Images Australia’s big four bank ANZ is advancing towards a greater adoption of tokenized assets, after successfully completing a test transaction in collaboration with Web3 services platform Chainlink. An update from Nigel Dobson, ANZ’s banking services portfolio lead, dated September 13 noted that the transaction utilized the technical integration of the bank’s digital asset…

View On WordPress

Is It Too Late to Buy Axie Infinity? AXS Price Suddenly Blasts Up 20% as Launchpad Project Secures $1.7 Million in Funding

Source / Sam Cooling x Chenspec Axie Infinity (AXS) has blasted up +20% in a dramatic move, this comes following wider disarray in GameFi markets triggered by an unfolding legal battle between the co-founders of Gala Games. The impressive pump comes as Axie Infinity continues to be among the strongest performing GameFi projects in the space. Santiment / Dapp Stats Over the past 24 hours, there…

View On WordPress

Remitano Crypto Exchange Faces Possible Hack, $2.7 Million Withdrawn in Suspicious Transactions

Source: Pixabay On September 14, crypto exchange Remitano faced an alarming situation with a suspicious withdrawal of approximately $2.7 million in cryptocurrencies, triggering concerns of a potential security breach. Around 12:45 UTC, Cyvers, a blockchain analytics platform, alerted the crypto community about these potentially suspicious activities. They noted that a well-known Remitano hot…

View On WordPress

Swift Collaborates with Three Central Banks to Pilot CBDC Interoperability

Image Source: AdobeStock Swift has partnered with three central banks to conduct beta testing of its central bank digital currency (CBDC) connector solution in an effort to advance cross-border payments using CBDCs. In a recent press release, the global financial messaging network said that the Hong Kong Monetary Authority and the Central Bank of Kazakhstan are among the three central banks…

View On WordPress

Biggest Crypto Gainers Today on DEXTools – Emoti, JINBE, MONKEY

DEXTools Logo / Source: DEXTools Twitter Blue chip cryptocurrency markets rose on Thursday, with Bitcoin moving back above $26,500 for the first time this month and threatening a break above a downtrend that had been in play since early August. Ether (ETH), XRP (XRP) and Cardano (ADA) were all last up around 1-2% in the last 24 hours. No specific news or fundamental catalyst has been attributed…

View On WordPress

China May Explore New Silk Road/BRI CBDC Adoption

Source: bbbar/Adobe Beijing is getting bullish about the cross-border use of the digital yuan – with Chinese experts now talking about BRI/“new Silk Road” CBDC integration. Per the Chinese Securities Journal, Li Jianjun, the Vice President of the Central University of Finance and Economics, spoke about the e-CNY’s role in BRI “financial cooperation” this week. Li said the CBDC has “broad…

View On WordPress

Best Crypto to Buy Now September 14 – Hedera, THORChain, Curve DAO

The market capitalization of cryptocurrencies is currently increasing by 1.24%, reaching $1.035 trillion on September 14, as per data from TradingView. This rise can be attributed to the gains witnessed by top cryptocurrencies like Bitcoin, Ethereum, and Solana, in response to the latest inflation data and increased speculation that the Federal Reserve may suspend interest rate hikes in their…

View On WordPress

US Inflation Posts Biggest Monthly Increase in 2023 as CPI Rises 0.6%

Photo by Frederick Warren on Unsplash The U.S. Department of Labor released new data today showing a 0.6% increase in the consumer price index (CPI) for August. This is the largest monthly rise in U.S. inflation so far this year. The report showed that prices have gone up by 3.7% compared to August of last year, slightly higher than what economic analysts had predicted. The CPI is used to measure…

View On WordPress

Opera Unveils Plans for Non-Custodial Stablecoin Wallet Integration for African Users

Source: AdobeStock / monticellllo On September 13, Opera Mini, a widely-used browser, announced its plan to launch a new non-custodial wallet in partnership with the Celo Blockchain, seamlessly integrating it with its mobile web browser and making it accessible to users in Africa. The Opera Mini and Celo partnership will introduce the MiniPay wallet, empowering users to sell, buy, and trade…

View On WordPress

Bitcoin Cash Price Prediction as BCH Breaches $200 Resistance – Time to Buy?

Bitcoin Cash / Source: TradingView Bitcoin Cash (BCH), the cryptocurrency that powers the Bitcoin Cash layer-1 blockchain that was created back in August 2017 after a hard fork from the original Bitcoin blockchain amid concerns about Bitcoin’s scalability and transaction speed, is trying to get back above the $200 mark. It was last changing hands close to $199 and is broadly flat on the day,…

View On WordPress

Biggest Crypto Gainers Today on DEXTools – RICKY, DOJO, EMOTI

DEXTools Logo / Source: DEXTools Twitter Account Major cryptocurrency prices are trading with a modest positive bias on Wednesday. Bitcoin (BTC) was last a little higher in the last 24 hours in the $26,300s, as was Ether (ETH) which was last changing hands just above $1,600. The latest US inflation numbers, whilst a tad above expectations, showed a big drop in the YoY rate of Core CPI, keeping…

View On WordPress