Category: Cryptocurrency

Regulations Needed to Stabilize Stablecoins- OCC Chief

Michael J. Hsu, US Acting Controller of the Currency, has mentioned the benefits of putting regulations in place in the cryptocurrency sphere, especially on stablecoins. He said regulating the space will give the first benefit of “peace of mind and security” to people using them. While being a speaker at the British-American Business Transatlantic Finance

LCX Exchange Hacked, $6.8 Million Deposited in the Hackers’ Wallet

As we approach 2022, cryptocurrency breaches persist, with Peckshield reporting losses of $6.8 million in ETH-based tokens via Liechtenstein-based LCX AG. One of LCX AG’s hot wallets has been hacked due to a security issue. They announced the news on Twitter, assuring clients that they had taken safety precautions to safeguard other wallets and valuables.

LCX Suffers a $6.8 Million Loss Due to a Hot Wallet Hack on the ETH Network

Ethereum is a platform for digital currency, international transactions, and apps. The network has created a thriving digital market, as well as innovative novel approaches for producers to make money online. It’s accessible to anybody, anywhere in the globe – everything that you’d be requiting is an internet connection. LCX is dedicated to assisting both

NASDAQ-Listed Blockchain Firm To Pay Its Dividend In BTC

BTCS, a blockchain firm listed on the Nasdaq stock exchange, has revealed that it will pay its next dividend in BTC and, in so doing, becomes the first firm to ever do so in the history of the exchange. Part of an official statement from the company sent to the sec states that it will

Cryptocurrency Ban Is Hard to Execute – India’s Monetary Policy Committee 

A famous analyst and participant of India’s Monetary Policy Committee claims that a complete cryptocurrencies ban will be hard to impose, and it’d just promote illicit practices and darknet involvement. She feels that cryptocurrencies  must be controlled. Members of Monetary Policy Committee Believes Total Cryptocurrency Ban Would be Hard to Execute During a discussion on

Billionaire Investor Charlie Munger Praises China for Banning Crypto

Charlie Munger made a startling comment on cryptocurrencies at a recent conference as he praised China for banning crypto for good. The ultimate investor Charlie Munger says that cryptocurrency is nothing but a joke and a vehicle that is destined to crash, and those who will be chartering this vehicle would also meet the same

SHIB Token Gains Momentum as Kraken Announces to List Shiba Inu

A new development for the SHIB token has managed to add momentum to the meme coin during the last 24 hours. The regulated cryptocurrency exchange based in San Francisco, Kraken, has officially listed the meme coin on its platform. The announcement for the event was made a month in advance. However, after making the announcement,

Japan to Launch First-Ever Digital Currency ‘Digital Yen’

Most centralized governments have been debating on the matter of CBDC or a Central Bank Digital Currency project. However, the association of the private banking sector in Japan is ready to launch the new digital yen before the end of the current year. The group of banking units that include names like Mizuho, MUFG, SMBC,