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Cryptocurrency exchange Zaif loses $60 million to hackers
In yet another blow to the burgeoning cryptocurrency market, it has been reported that Zaif, a Japanese digital currency exchange, has had $60 million stolen. Tech Bureau, the operator of Zaif... more
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Thai Central Bank launches Project Inthanon digital currency
The Bank of Thailand has outlined a preliminary road-map for Project Inthanon, its central bank digital currency (CBDC) initiative. The Bank of Thailand (BoT), the country’s central bank, is partnering... more
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US Justice Department launch criminal probe into Bitcoin price manipulation
The US Justice Department is reported to have opened a criminal probe into whether traders are manipulating the price of Bitcoin and other cryptocurrencies, dramatically ratcheting up US scrutiny of digital currency markets that critics say are rife with misconduct. The investigation is focused on illegal practices that can influence prices — such as spoofing, [...]
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Digital currencies pose stability risk to Central Banks – BIS report
The Bank for International Settlements has warned Central bankers that they risk endangering the stability of the global financial system if they launch their own digital currencies in an effort to destroy competition from rivals from outside the official sphere. “A central bank digital currency could allow for ‘digital runs’ towards the central bank with [...]
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Indonesia takes steps towards a digital Fiat Currency
eCurrency Mint Limited says that it has partnered with PayPro Indonesia to provide eCurrency’s digital fiat currency (DFC) solution in Indonesia. Through eCurrency’s solution, PayPro’s e-money product delivers a cryptographically protected, secure instrument that ensures no data manipulation, increasing security and trust for the consumers. The digital fiat currency solution initiative is to be part of Indonesia’s FinTech [...]
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