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China's central bank closer to releasing digital version of its currency
Aug 12,2023
China's central bank (People's Bank of China -PBoC) is finalising development of the digital currency: 'digital yuan'. The underlying tone of a total of 52 blockchain related patent filings by China's Central Bank indicates that the future digital cu...
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Hacker begins returning funds to Poly Network
Aug 11,2023
Hacker(s) returned about$258 million out of US$600 million in cryptocurrency stolen from Poly Network, a decentralised finances (DeFi) platform, on 10 August. The hacker(s) sent a message to Poly Network embedded in a cryptocurrency transaction, noti...
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Poly Network suffers a cyberattack
Aug 10,2023
Poly Network, a decentralised finances (DeFi) platform, was hit by a cyberattack earlier this week, leading to over US$600 million in cryptocurrency being stolen. The attack exploited a vulnerability in the platform's smart contracts. The company cal...
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Bitfinex exchange to issue compensation for bitcoins theft
Aug 09,2023
In a later development of the Bitfinex hack, the company released a new blockchain asset called a BFX token, to all customers. It is an attempt by the company to reimburse exchange users for the "generalized loss" of roughly 36% of the...
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Mexico City cafe introduces iris scanning for global digital ID project
Aug 08,2023
Enthusiastic early adopters recently gathered at a caf
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US Fed issues new guidelines for banks transacting in stablecoins
Aug 08,2023
According to a recent supervisory letter, state banks that are part of the US Federal Reserve system must secure written supervisory nonobjection from the Fed before engaging in any activities involving dollar tokens used in facilitating payments, su...
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The US Treasury has sanctioned cryptocurrency mixer Tornado Cash
Aug 08,2023
On 8 August 2022, the US Treasury's Office of Foreign Assets Control (OFAC) sanctioned Tornado Cash,  an online service that has served as a mixer for the Ether cryptocurrency since 2019. Cryptocurrency mixers are online places where users could...
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New Zealand modifies tax laws to include cryptocurrency incomes
Aug 07,2023
New Zealand tax authorities haveissued guidelineson how to tax incomes from cryptocurrency. New Zealand has recognised cryptocurrency as a means of payment for fees and salaries. New rules will apply for salary and wage earners, but not for self-empl...
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The government of Antigua signs MoU with Globex and Julius Capital Bank
Aug 07,2023
Antigua has made a recent step forward within the digital securities sector and is making its case as the new 'blockchain island'. In a recent announcement, it was divulged that the Antigua and Barbuda Ministry of Finance & Corporate Governance (...
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New Zealand append the tax law to include cryptocurrency incomes
Aug 07,2023
New Zealand tax authorities issued guidelines on how to tax incomes from cryptocurrency. New Zealand recognized cryptocurrency as a mean of payment for fees and salaries. New rules will apply for salary and wage earners, but not for self-employed tax...
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Malta to start issuing licenses to cryptocurrency operators from October
Aug 04,2023
Following the enactment of the Law on Virtual Financial Assets by the Maltese Government, by October, the Malta Financial Services Authority (MFSA) is expected to start processing and issuing licences for Issuers of Virtual Financial Assets. The MFSA...
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Bitcoin exchange Bitfinex hacked for $60m worth of bitcoins
Aug 03,2023
The Hong Kong-based bitcoin exchange, largest of all other exchanges in terms of USD/BTC trading volume, was hacked for more than$60m worth of bitcoin (119,756 BTC). TheBitfinex theft represents the largest loss of bitcoins by an exchange since Japan...
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