Technology

US President Donald Trump’s campaign website hacked in a crypto scam.

The US President Donald Trump's campaign website was hacked for 30 minutes as attackers asked for monero in donations. The hackers used their 30 minutes of fame to post a notice stating, "this site was seized" and "the world...

Singapore’s largest bank is reportedly launching a crypto exchange.

According to information seen by the crypto news outlet Cointelegraph, DBS is launching cryptocurrency trading and custody as well as a platform for conducting security token offerings. Reportedly, DBS' upcoming crypto service includes the DBS Digital Exchange that will...

The US CFTC issues new advisory to future commissions for holding cryptocurrencies.

The US Commodity Futures Trading Commission (CFTC) has issued a new advisory to futures commission merchants (FCMs) that hold digital currencies in segregated accounts. The regulator addressed how the Commodity Exchange Act's customer protection provisions apply to digital currencies...

Bitcoin hash rate plummets as the rainy season ends in Sichuan.

Mining data aggregators attribute a slump in Bitcoin’s hash rate to the end of the wet season in Sichuan, resulting in many bitcoin miners migrating to other jurisdictions. Thomas Heller of Bitcoin mining blog Hashr8 reported that roughly 22 exahashes...

Swiss central bank plans to test its CBDC by the end of this year.

The Swiss National Bank (SNB) and the Bank for International Settlements (BIS) plan to test a central bank-backed digital currency (CBDC) by the end of this year. According to the Chinese news outlet The Paper, BIS official Benoit Coeure revealed...

Ripple CEO rejects Coinbase’s apolitical stance, says tech firms need to work towards solving social issues.

Blockchain payment start-up Ripple doesn't plan on following Silicon Valley peer Coinbase in banning politics from the workplace. Brian Armstrong, the CEO of Coinbase, caused a stir late last month when he wrote a blog post outlining the company's...

Bitcoin hit its highest weekly close since mid-Jan 2018 as it continues to hover around $13,000.

After marking two consecutive yearly highs in the span of a few days, Bitcoin has calmed but still hovers over $13,000. Most alternative coins have remained relatively stable, and the market cap is yet to break above $400 billion...

Coinbase CEO Brian Armstrong goes against his own “no-politics” stance.

Less than a month after Brian Armstrong declared Coinbase should "be laser-focused on achieving its mission," he seemingly violated his own policy by tweeting a political post riddled with misleading information that too during business hours. In an Oct....

Chinese consumers spend 8.8 million in digital yuan during the first week of trial.

Consumers in China have spent over 8.8 million yuan in the first week of trials held to test the feasibility of China's central bank digital currency. This was one of the largest trials of its kind to be conducted...

China’s former IT vice-minister believes blockchain technology is still young.

China's former vice-minister for Science and Technology and a well-known digital economics expert, Wu Zhongze, believes that blockchain technology is still quite young. During an interview with The Paper, the former Chinese minister also stated that there was still "not much difference...

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The Securities Commission of Malaysia publishes new guidance for the crypto industry.

The Securities Commission of Malaysia has brought in the amended guidance to govern a range of functions in cryptocurrency markets, including...
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