The latest price moves in bitcoin (BTC) and crypto markets in context for June 23, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Original
Group IB’s analysis showed that most of the stolen ChatGPT login credentials were done by the notorious information-stealing malware Raccoon info stealer. OpenAI’s chatbot ChatGPT has been hit by one of the most common forms of cyber attacks, causing the leakage of more than 100,000 login credentials. Singapore-based cybersecurity firm Group-IB revealed in a report that the login credentials were gradually released over the past year. Global-IB’s Report Reveals Compromised ChatGPT Login Credentials According to the June 20 report, Global-IB discovered 101,134 devices with saved ChatGPT credentials on the dark…
Binance.US withdrawals are now fully operational on the exchange, even as it warns users to convert all USD to USDT. Binance.US has announced that users can now resume USD withdrawal, as it has solved the problem. The US arm of the world’s largest crypto agency also said that by working with banking partners, it has almost completely resolved all previously delayed withdrawal requests for USD. However, the exchange warns that this resolution may not be permanent. In an official announcement, Binance.US noted that its systems are fully operational and that users…
“I hired Noah as my deputy to help scale the business, focussing on integrating and expanding what would have been our German bank acquisition – Sutor Bank,” said Oliver von Landsberg-Sadie, CEO of BCB Group. “In light of the shift in the current banking and regulatory environment and the decision to step away from the bank deal, Noah has decided to pursue an external opportunity in the fintech space,” he added. Source
The United States-based investment bank JPMorgan is expanding the implementation of one of its major blockchain projects, JPM Coin, into traditional banking. JPMorgan has deployed its blockchain-based payment system, JPM Coin, to introduce euro-denominated payments for corporate clients, Bloomberg reported on June 23. According to Basak Toprak, JPMorgan’s head of Coin Systems for Europe Middle East and Africa, JPM Coin went live with euro transactions on June 21. Germany’s conglomerate Siemens AG conducted the first euro payment on the platform, Toprak said. The system enables wholesale payments such clients, including…
Since its inception in 2019, over $300 billion in transactions have been processed using JPM Coin. Source link
Since the regulatory issues have been covered and the law only permits trusted companies to issue the tokens, the move can help restore confidence in stablecoins and cryptocurrencies. Mitsubishi UFJ Financial Group (MUFG) is interested in using its Progmat blockchain platform for minting stablecoins and has been meeting with domestic and international companies for possible collaborations. The move is in response to Japan’s new stablecoin law that makes the country the first among the major economies to issue a clear stablecoin law. The law recognizes that stablecoins must be pegged…
Singapore based cryptocurrency exchange service provider Crypto.com has obtained a virtual asset service provider (VASP) registration from the Bank of Spain. The regulatory approval would allow the exchange to offer a range of crypto-focused services to customers in Spain, a country which has shown a positive crypto stance in recent times. The crypto exchange platfrom had to undergo a comprehensive review of its Anti-Money Laundering Directive (AMLD) compliance and adhere to other financial crimes laws before getting the nod. The latest regulatory approval in Spain comes within weeks of obtaining…
The TUSD stablecoins issuer confirmed to the users that it had no exposure to Prime Trust and that all funds are safe. After the acquisition failure of Prime Trust, a fintech and digital assets infrastructure provider, by BitGo earlier this month, the troubles facing the Nevada-based firm resulted in the closure of withdrawals and deposits. As a result, all Prime Trust customers are currently stranded without much to do. However, TrueUSD (TUSD) stablecoin team has reassured its users that all funds are safe as it was never exposed financially. In…
Villeroy de Galhau touched on not only the e-euro but also the banking crisis and its consequences for the eurozone. With the evolution ongoing in the fintech world, central banks including Banque de France are actively investigating the concept of Central Bank Digital Currencies (CBDCs) as viable replacements for traditional fiat currencies. Accordingly, being at the forefront of these discussions has seen one of its prominent figures, François Villeroy de Galhau, the Governor of the Banque de France, taking a diplomatic approach in soft-selling the proposed Euro CBDC to commercial…