Crypto Industry Loses More Than $313M Due to Attacks in Q2 2023
The total losses of cryptocurrency projects due to hacks and fraud in April-June of 2023 amounted to $313.5 million, 58% lower than the same period in the previous year as stated by.
BlackRock CEO: Bitcoin is an International Asset
Larry Fink, the head of the powerful financial company BlackRock, stated that buying Bitcoin is an effective method of guarding against inflation, instead of investing in precious metals.
Hong Kong Plans to Issue a Stablecoin to Compete with USDT and USDC
Hong Kong has penned a new policy proposal, emphasizing the benefits of a Hong Kong Dollar-backed stablecoin (HKDG), to be issued by the government.
Australian Regulator Searches Binance’s Premises in Australia
The Australian Securities and Investments Commission (ASIC) searched the Binance office in Australia on Wednesday as part of an ongoing investigation into the cryptocurrency exchange.
Crypto Exchange Bitget Launches Crypto Loans Product
Bitget is taking steps to enter the cryptocurrency loan market with their Crypto Loans product.
Nasdaq Updates BlackRock’s Bitcoin ETF Listing Application
Nasdaq and Coinbase have reached a preliminary agreement to list Coinbase as a joint market watch partner on the updated Form 19b-4 for BlackRock’s Spot Bitcoin ETF.
The EU Will Force Banks to Disclose Data on Reserves in Crypto
The European Commission has implemented a new clause in the MiCA, the EU crypto regulation legislation, that requires banking institutions operating within the Union’s 27 countries to disclose information regarding the availability of reserves in digital currencies.
