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Scammers Hack Monero's Official Website and Infected It With Malware
According to Monero's official website, there has been an attempt by unscrupulous people to compromise it's the system, by infecting its wallet with malware that's capable of stealing user's cryptocurrencies when downloaded and installed
US Treasury Official says IRS is Assessing Models for Crypto Tax Reporting Rules
The IRS is developing domestic reporting rules for cryptocurrency taxation and assessing different models, according to a Treasury Department official at an OECD event.
Binance Follows Bybit in Appointing Top Compliance Official
Maxwell Baucus, former U.S. senator and ambassador to China, has joined Binance. The top official will become policy advisor and government liaison to the exchange. Given Baucus’s influence in US political circles, the move should support Binance’s expansion efforts within North America, where its Binance US platform operates.
VeChain Releases New Official Block Explorer and Sync Ledger Wallet Interface
The VeChain Foundation has announced the release of a new official block explorer and sync ledger wallet interface, which are in-house developed solutions maintained by the major development team.
US DHS Cybersecurity Official Expects to be Fired in Trump’s Post-Election Purge for Debunking Fake News
A United States Homeland cybersecurity official, Christopher Krebs expects to be cut in President Trump’s post-election purge for proactively debunking disinformation.
Data-Hungry: Official Trump 2020 Election App Collects User Data of Voters
US president Donald Trump’s campaign app “Official Trump 2020 App” raised a lot of skepticism, as it has been uncovered that the election app collected mast amounts of sensitive information on his voters.
Russian Civil Servants Required to Declare Crypto Holdings Beginning in 2021
Russia’s public officials will be obligated to declare all their private cryptocurrency and digital asset holdings, effective from the start of 2021.
South Korea Enacts Legislation for Public Disclosure of Officials' Crypto Holdings
South Korea has introduced new legislation requiring public officials to disclose crypto assets, aiming to improve governance transparency and address conflicts of interest.
LocalBitcoins Seller Charged by US Homeland Security for Money Laundering
Kenneth Rhule, a localBitcoins seller is charged by the US Homeland Security for conducting an unlicensed money transmitting business. Rhule can face up to forty years in prison on account of fraudulent activity alongside illegal marijuana production and distribution.
US Officials Oppose Voyager Sale Provision
US officials request removal of a provision in Voyager Digital's bankruptcy plan, arguing it would impede government's regulatory powers; the provision prevents legal pursuit of those involved in the sale to Binance.US.
Pepe Coin Official Telegram Hacked
Pepe Coin's official Telegram compromised; group locked down. Amidst unexpected transactions, community urged to stay alert and follow @pepecoineth for official updates.
FTX Announces Proposed Settlement and Amended Plan in Chapter 11 Cases
FTX has announced a proposed settlement in their Chapter 11 cases, pending court approval. The settlement includes a "Shortfall Claim" for customers and an amended Plan of Reorganization. The Official Committee of Unsecured Creditors supports the plan, expecting expedited cases and improved recoveries. Customers may receive over 90% of distributable value globally.
Crypto Coalition Advocates for Bitcoin Emoji Adoption
Over 20 leading crypto organizations band together to petition for an official Bitcoin emoji, emphasizing its cultural impact on society.
Nigerian Securities Commission to Release Official Guidelines on Crypto Regulations
The Nigeria Securities and Exchange Commission has announced a proposed crypto regulation guideline.
Central Bank Official: Blockchain Application Ideal for Chinese Commercial Banks
Li Wei, the Technology Departmental Head of the People’s Bank of China, has urged Chinese commercial banks to embrace blockchain and digital finance.
Official State-Run Publication Reports Blockchain Development in China to Reach $2 Billion In 2023
Chinese publication, Xinhua, reports that blockchain technology will reach $2 billion in 2023 as well as this, blockchain development in China is expected to increase by a compound annual growth rate of 65.7% from 2018 to 2023.
IMF Official Talks Benefits and Shortcomings of CBDCs, Proposes a Hybrid Solution
Tao Zhang, deputy managing director of the International Monetary Fund (IMF), acknowledges the tremendous promise that CBDCs hold and challenges lying ahead.
Bank of Thailand Tests its Central Bank Digital Currency with Large Businesses Before Official Debut
The Bank of Thailand (BoT), Thai’s central bank, is already utilizing its central bank digital currency (CBDC) for financial transactions with various big businesses. This development ushers in the third development phase of the nation’s CBDC before a public debut.
China’s Central Bank Official Urges the Acceleration of Digitization of the Chinese Economy with Blockchain
China’s central bank, the People’s Bank of China (PBoC) Financial Technology Committee held its first meeting of the year this week, after months of delay due to the coronavirus pandemic. Fan Yifei, the PBoC’s deputy governor echoed President Xi Jinping’s call for the acceleration of the country’s blockchain development adoption. The president pointed out that it is necessary to strengthen fundamental research of blockchain technology and enhance innovation, enabling China to take a leading position in the blockchain field. The bank’s deputy governor met with the central bank’s officials as well as the heads of their affiliated financial institutions. Fan emphasized the importance of blockchain and financial technology (FinTech) industries and wanted to ensure China’s adoption plan would be laid out and implemented by 2021 to be in line with the deadline they have set out.