Metexit! Social Token Platform Rally Hires Facebook Crypto Executive

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Metexit! Facebook, now Meta, has seen an executive exodus with an executive at its cryptocurrency division leaving the company. Rob Collier, former head of consumer product legal counsel for Facebook’s Novi wallet, joins social token platform Rally. The expansion of Rally’s executive team can reflect the rapid development and determined ambition of the company. Indeed, […]

Crypto Fed Put? Jerome Powell Targets Interest Rate Hikes Next Year

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United States Federal Reserve chair Jerome Powell opens the door to interest rate hikes next year. Also, Powell is not concerned about cryptocurrencies disrupting financial stability. It is reported that the inflation rate of the U.S. rose 6.8% in 2021, which is the highest increase since 1982. The central bank is likely to step up […]

Meme Coin King Returns! Elon Musk: Tesla Will Accept Dogecoin As Payment

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Elon Musk, Time’s Person of the Year for 2021, has his carmaker Tesla start accepting meme coin Dogecoin. Customers can use the meme-based cryptocurrency to pay for some merchandise. Dogecoin’s prices pumped, with its market cap returning to top 10 ranking. On 14 December, Elon Musk, Tesla’s CEO, also “The Dogefather,” tweeted: “Tesla will make […]

Blockchain, Not Bitcoin? Wells Fargo, HSBC Settle FX Transactions With Blockchain

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Blockchain yes, bitcoin no? HSBC and Wall Street bank Wells Fargo announce a blockchain solution for the foreign exchange (FX) settlement. The two banks will use blockchain technology on U.S. dollars, sterling, euro and Canadian dollars transactions. This would be the first time blockchain technology had been used to settle live cross-border payments, according to […]

Bitcoin as Legal Tender? Free Bitcoin Airdrop? Indian PM Modi Suffers Another Twitter Hack

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Is India accepting bitcoin as legal tender? A free bitcoin airdrop to all residents? Just a fake tweet from India Prime Minister Narendra Modi’s twitter account! However, would it be a signal for India embracing bitcoin and other cryptocurrencies? On 12 December, hackers attacked the Twitter account of Indian Prime Minister Narendra Modi. It tweeted: […]

WhatsApp Launches Crypto-powered Payments Novi In The US

WhatsApp ventures into instant cryptocurrency payments, launching a trial in the US as a first step. Would it be a welcoming signal from the US government? In October, Facebook (Meta now) launched “a small pilot” of Novi wallet in the United States and Guatemala, with an aim to allow family members to send remittances across […]

Crypto CEOs To Congress: Defend Industry From Looming Regulations!

Crypto chief executives headed to Congress to voice support for clearer regulations, but disagreed to ‘shoehorning’ the old regulatory framework on new digital assets. The attitude of Congress may determine if the US can remain in its global position.  Executives from six leading cryptocurrency companies, namely Coinbase, Circle, FTX, Bitfury, Paxos, and Stellar Development Foundation, […]

Scam Alert! Singapore Bans Crypto Exchange Bitget For Fake BTS ARMY Coins

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Singapore’s financial regulator bans crypto exchange Bitget for misleading customers with fake ARMY coins. The exchange has promoted the ARMY crypto tokens targeting BTS Army, followers of South Korea’s biggest boyband. The Monetary Authority of Singapore (MAS) has suspended Singapore crypto exchange Bitget’s license. This follows Bitget’s promotion on Twitter about the ARMY Coin. The […]

China Explores Using Blockchain For E-Yuan, Beijing Winter Olympics Trials

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Amid China’s bitcoin mining crackdown, its central bank is exploring using blockchain for the nation’s digital currency e-yuan. Also, the central bank reveals its plan for the e-yuan trial in the 2022 Beijing Winter Olympics! Since 2019, the People’s Bank of China (PBoC) has launched multiple trials of digital renminbi (DC/EP) across the country. The […]

Crypto Exchange Bitmart Loses $196m Meme Coin to Hackers

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Hacker alert! Cryptocurrency exchange Bitmart loses $196 million in memecoins to hackers. Stolen funds include a large amount of meme tokens including SHIB, KISHU, and FLOKI, according to blockchain security firm PeckShield. Amid the crypto market downturn, multiple attacks occurred in exchanges and DeFi platforms. The Bitmart hack comes after another hacking incident on DeFi […]