Blockchain News

BaFin Bans Ethena’s USDe Token in Germany Over Approval Process Flaws

BaFin Bans Ethena’s USDe Token in Germany Over Approval Process Flaws

Key Takeaways: Experts suggest the suspension may drive crypto firms to innovate in risk management and streamline internal compliance—potentially setting new industry benchmarks. The regulator’s intervention is seen not merely as a punitive measure but as a wake-up call to reassess operational resilience in the evolving digital asset landscape. Market observers believe that such rigorous […]

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Hong Kong’s IDA Partners with Japanese Companies to Develop Stablecoin Remittance Service

Hong Kong’s IDA Partners with Japanese Companies to Develop Stablecoin Remittance Service

Key Takeaways: This initiative tests a hybrid model that marries blockchain efficiency with established trade finance, aiming to set new industry benchmarks. By aligning regulatory clarity in both regions, the project could catalyze broader digital integration and challenge traditional payment delays. The proof-of-concept seeks to uncover hidden efficiencies in commodity remittances, potentially reducing intermediary layers

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ECB Says Digital Euro Critical to Safeguard Europe’s Monetary Autonomy

ECB Says Digital Euro Critical to Safeguard Europe’s Monetary Autonomy

Key Takeaways: The ECB alerts that the role of central bank money may be threatened by the fall in cash usage and the development of private digital currencies. Other people’s digital money and stablecoins are thought of as potential threats to Europe’s capacity for controlling its financial system and price stability. The proliferation of stablecoins

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Trump Officials Push to Put USAID Procurement on Blockchain: Report

Trump Officials Push to Put USAID Procurement on Blockchain: Report

The Trump administration is pushing to integrate blockchain technology into USAID’s procurement process. This move could transform how the agency tracks international aid. It could also change how aid is delivered worldwide. Officials say that recording every dollar spent and every shipment dispatched on an immutable digital ledger could drastically improve transparency at USAID. They

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South Korean Teacher Jailed for Stealing Students’ Money to Buy Crypto

South Korean Teacher Jailed for Stealing Students’ Money to Buy Crypto

A South Korean court has jailed a teacher who stole money from students and their parents to “squander” on crypto purchases. Per the South Korean media outlets Jeju Sori and Newsis, the a branch of the Jeju District Court, on the island province of Jeju, rejected an appeal from the teacher – unnamed and aged

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Bybit CEO Ben Zhou: 88% of Stolen .4 Billion Remains Traceable

Bybit CEO Ben Zhou: 88% of Stolen $1.4 Billion Remains Traceable

Key Takeaways: CEO shares fresh insight into crypto fund tracing. Most stolen assets remain detectable on blockchain trails. Criminals use mixing services to hide fund movements. Recovery efforts involve coordinated work by security experts. The case invites deeper review of digital asset security. Bybit CEO Ben Zhou revealed on March 20 that 88.87% of the

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Walrus Foundation Raises 0 Million for Decentralized Storage Networks

Walrus Foundation Raises $140 Million for Decentralized Storage Networks

Key Takeaways: A new on-chain storage solution offers faster processing and adaptable data management. Strong investor support points to growing demand for alternative storage methods. The protocol enables flexible use beyond mere archival data retention. The Walrus Foundation has raised $140 million to support the development of Walrus, a high-speed decentralized storage protocol designed to

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Saga Origins’ New Partnerships Unveil AI-Driven Characters and Evolving Economies

Saga Origins’ New Partnerships Unveil AI-Driven Characters and Evolving Economies

Saga Origins, the gaming-focused publishing arm of the Saga Protocol, launched its latest AI-powered gaming experiences via novel partnerships with four entertainment companies. Per the press release shared with Cryptonews, the company partnered with Super Company, OV Entertainment, Didimo, and Northern Lights Entertainment. Thanks to this, the team writes, Saga unveiled “revolutionary AI-driven characters, dynamic

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Russian Gotbit Founder Strikes Plea Deal in Crypto Market Manipulation Case

Russian Gotbit Founder Strikes Plea Deal in Crypto Market Manipulation Case

Gotbit founder Aleksei Andriunin, currently facing crypto market manipulation and wire fraud, has reached a plea deal with the US federal prosecutors, agreeing to forfeit about $23 million in crypto. Prosecutors had initially stated that Andriunin could face a maximum sentence of 20 years in prison for wire fraud charges and up to five years

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Pakistan Considers Legalizing Crypto to Boost Economic Growth

Pakistan Considers Legalizing Crypto to Boost Economic Growth

Pakistan is moving to create a clear regulatory framework for cryptocurrency trading, aiming to attract international investment and boost economic growth. In a bold shift from previous caution, the country is working to formalize digital-asset activities. Bilal bin Saqib, CEO of the Pakistan Crypto Council and the newly appointed chief advisor to the finance minister

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