Unlocking the Digital Won: Bank of Korea's Thrilling CBDC Pilot with 100,000 Citizens
Bank of Korea pioneers a revolutionary CBDC pilot involving 100,000 citizens, marking a significant step towards the Digital Won era.
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03/03/2024 10:35
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Former Binance CEO CZ Zhao faces travel restrictions as U.S. prosecutors challenge bond conditions, citing flight risk concerns amidst legal troubles, while the cryptocurrency market rebounds from regulatory scrutiny.
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Hui XinFrom Crypto to Fishy Business: Sam Bankman-Fried Navigates Trade in Prison
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SBF now explores an unexpected economy in Brooklyn's Metropolitan Detention Center. Cooling his heels while awaiting sentencing, he delves into the world of prison economics, where mackerel replaces cigarettes as the preferred currency. SBF's unique adaptation involves trading pouches of preserved fish, known as 'macks,' for services within the confines of the detention centre.
JoySocial Platform X Restricts Former Binance CEO's Account Amidst Profile Name Change
Former Binance CEO Changpeng "CZ" Zhao faced account restrictions on social media platform X (formerly Twitter), post-resignation linked to a $4.3 billion settlement with the U.S. Department of Justice. The platform hinted at rule violations, and CZ attributed the restriction to a flawed bot detection algorithm, raising uncertainties about his future activity despite Richard Teng assuming Binance's leadership role.
JixuRaiffeisen Bank Partners with Bitpanda to Offer Cryptocurrency Services in Vienna
Raiffeisen Bank, a venerable Austrian financial institution with $215 billion in assets, is set to introduce cryptocurrency trading services for retail clients in Vienna by January 2024, in partnership with Bitpanda. The move reflects the bank's strategic foray into the crypto realm, targeting digitally savvy customers with a preference for modest investments and emphasizing the increasing adoption of cryptocurrencies in regions with clear regulatory frameworks.
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