Hong Kong Launches Second Phase of Its CBDC Pilot Program

The Hong Kong Monetary Authority announced the launch of the second phase of the pilot of its CBDC, the digital Hong Kong dollar (e-HKD). This new phase will focus on furthering the research on already examined use cases for the currency, including programmability and tokenization, and adding new, not previously explored use cases. Hong Kong […] Source CryptoX Portal

Binance launches investigation into BOME insider trading allegations

Crypto exchange Binance recently announced the initiation of a detailed investigation into the claims concerning Book of Meme (BOME), a Solana-based meme coin.  This move came in response to allegations and community discussions about possible insider trading linked to the “BOME rat warehouse” incident. The exchange made an official statement on the X platform highlighting its commitment to market fairness and transparency and emphasizing the immediate start of an internal inquiry following these allegations. The announcement from Binance indicated that the investigation was triggered by concerns over potential insider trading…

BNB Chain Launches Rollup-as-a-Service to Bolster L2 Blockchain Development

On Thursday, the team behind BNB Chain introduced a novel Rollup-as-a-Service (RaaS) offering for the development of layer two blockchains (L2s) atop the BNB Chain. The team detailed that the service equips sizable decentralized applications (dapps), enterprises, and the BNB Chain with the essential technological framework required for launching specific L2s on BNB Smart Chain […] Source CryptoX Portal

Hong Kong Monetary Authority Launches Stablecoin Issuer Sandbox

On March 12, the Hong Kong Monetary Authority (HKMA) launched what is known as the stablecoin issuer sandbox arrangement. The HKMA stated that applicants interested in establishing a stablecoin business in Hong Kong should have a sound business plan. The regulator also clarified that admission into the sandbox does not imply endorsement or support for […] Source CryptoX Portal

Xuirin Finance (XUIRIN) Launches Presale, Aiming to Transform the DeFi Sector

PRESS RELEASE. In a significant stride towards revolutionizing the decentralized finance (DeFi) landscape, xuirin Finance is excited to announce the launch of its presale, effective immediately. This pivotal event marks a monumental milestone for the innovative DeFi platform, known for its comprehensive suite of services designed to transform how international transactions are conducted. xuirin Finance, […] Source CryptoX Portal

Tether Launches USDT on Celo Targeting Increased Usability

Tether, the company behind the issuance of USDT, the largest stablecoin in the cryptocurrency market, has announced the launch of its currency on Celo, an EVM-compatible blockchain. Paolo Ardoino, CEO of Tether, stated that this move was focused on enhancing the “usability and accessibility of Tether for millions of people.” Tether Announces USDT’s Launch on […] Source CryptoX Portal

ICO launches “consent or pay” call for views and updates on cookie compliance work

Stephen Almond, Executive Director, Regulatory Risk, leads the ICO’s team responsible for anticipating, understanding and shaping the impacts of emerging technology and innovation on people and society. As part of our cookie compliance work, I committed to providing the online advertising industry with clarity on ways in which it can use advertising cookies in compliance with data protection law. One proposed model is a “consent or pay” mechanism. This gives people the choice to use a website for free, but only if they consent to their personal information being used…