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MakerDAO Community Votes to Remove $500 Million Paxos Dollar (USDP) from Reserves, Impacting Stablecoin Supply

Coindesk reports, that a recent decision that has significant implications for both MakerDAO and Paxos, the MakerDAO community has unanimously voted to eliminate $500 million worth of Paxos Dollar (USDP)...
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Signa X Partners with Near Protocol to Create Metaverse for KDEM

In a groundbreaking collaboration, Signa X has joined forces with Near Protocol, a prominent blockchain network, to establish a metaverse for the Karnataka Digital Economy Mission (KDEM). This strategic alliance...
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OpenAI CTO’s Twitter Account Hacked to Promote Cryptocurrency Scam

On June 2, Crypto Twitter was abuzz with warnings as Mira Murati, the chief technology officer of artificial intelligence firm OpenAI, fell victim to a hack on her Twitter account....
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Change Digital Launches CGUSD Token, Plans for Global Listing on oneAlpha

Change Digital, a prominent player in the digital asset space, has recently made significant strides with the launch of CGUSD, their first fiat-currency denominated token for the U.S. dollar. This...
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South Korean Police Bust $350 Million Crypto Scams Targeting Hundreds of Victims

According to cryptonews report, South Korean authorities have taken action against two alleged cryptocurrency scams, estimating the total value of the scams at $350 million. It is believed that hundreds...
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Gate.io Denies Rumors of Insolvency Amid Multichain Controversy

According to a cointelegraph report, Gate.io, a centralized cryptocurrency exchange, has addressed rumors of illiquidity and insolvency circulating on social media. On May 31, the exchange released a statement categorically...
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Paxful Names Roshan Dharia as Interim CEO

Paxful, a global peer-to-peer Bitcoin platform, has appointed Roshan Dharia as its new Interim Chief Executive Officer, effective immediately. The announcement comes after a brief shutdown period of the exchange...
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Sony Partners with Astar to Invest in Web3, NFT, and Metaverse Companies through Incubator Program

Sony, the Japanese business giant, has announced its plans to invest in Web3, NFT, and metaverse companies through an incubator program. Collaborating with Astar, a Japanese smart contract platform and...
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Bank of Japan Releases Report on Central Bank Digital Currencies as Global CBDC Pilot Programs Gain Momentum

The Bank of Japan has recently published a report detailing its findings and outcomes regarding central bank digital currencies (CBDCs). According to the report released on Monday, Japan initiated a...
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Russia Shifts Strategy: Abandons National Crypto Exchange Plan, Focuses on Regulating Multiple Exchanges

Russia Abandons Plans for National Cryptocurrency Exchange, Will Regulate Multiple Exchanges Instead In a surprising shift, the Russian government has announced that it will no longer pursue the creation of...
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