According to the official announcement, Binance has completed the conversion of the following token balances to USDC. The exchange will take place between 08:00 on October 29, 2024 and 07:59 on April 29, 2025 (Eastern 8th District Time).
On February 2, the spokesperson of the Ministry of Foreign Affairs answered a reporter's question on the US announcement of a 10% tariff on Chinese products imported to the US. The US side imposed a 10% tariff on Chinese products imported to the US on the grounds of the fentanyl issue. China is strongly dissatisfied with this and firmly opposes it. It will take necessary countermeasures to firmly safeguard its own legitimate rights and interests. The US side should view and handle its own fentan...
US FTC (FTC) announced that Cognosphere, a subsidiary of Mihayou and the overseas publisher of "Original God", has agreed to pay $20 million to reach a settlement. In addition to the $20 million fine, Cognosphere's "Cognosphere Pte. Ltd" and "Cognosphere LLC" have also received a number of injunctions, according to a summary of the case released by the US FTC, including: Prohibition of offering only virtual currency purchases when selling unboxing gameplay, and must disclose the probability of w...
The Department of Justice announced money laundering charges against three Russian citizens for running U.S.-sanctioned cryptocurrency mixing services Blender and Sinbad, which were allegedly used by North Korean hackers to hide cryptocurrency proceeds from cybertheft. Two of the gang members were arrested last month, but the last one remains at large. Brent S. Wible, head of the Justice Department's criminal division, said the encryption mixers were used by state-sponsored hackers.
The South Korean government announced today that it has imposed sanctions on 15 individuals and an entity from the Democratic People's Republic of Korea who have been involved in illegal cyber activities, including cryptocurrency theft. The South Korean Foreign Ministry said in a statement that the 15 North Korean individuals had been working for Bureau 313 under the Ministry of Machine Industry of the Workers' Party of Korea. The department, which has been sanctioned by the United Nations Secur...
The Russian Central Bank has announced that First Deputy Governor Olga Skorobogatova will step down on December 2. She worked in the private sector until joining the central bank in 2014. Skorobogatova is responsible for overseeing the national payment system, IT and financial technology, including the digital ruble central bank digital currency (CBDC). Her position will be replaced by Zulfiya Kakhrumanova, the central bank's director of IT. First Deputy Governor Dmitry Tulin will be responsible...
On November 20th, George Efstathopoulos, a fund manager at Fidelity International, said in his latest speech that he made a new bet on Chinese class A shares last week. Now the position of Chinese stocks has returned to the level of "3% - 3.5%". At present, Efstathopoulos manages assets of nearly 3 billion US dollars (about RMB 21.70 billion). Efstathopoulos said that he is optimistic that China's fiscal stimulus policy can support moderate economic growth, and domestic stocks are "more immune" ...
The South African Financial Conduct Authority (FSCA) has announced that, although the West Gap Branch High Court has revoked the funds preservation order against the South African exchange Banxso (Pty) Ltd, Banxso's Financial Services Provider (FSP) license is still revoked, and the company cannot conduct financial services business, and its funds can only be used to relocate customers to other financial services providers authorized by the FSCA. The Banxso-related case is tentatively scheduled ...
The Monetary Authority of Singapore today announced plans to advance the tokenization of financial services, including the formation of commercial networks to deepen the liquidity of tokenized assets; the establishment of a market infrastructure ecosystem; the cultivation of an industry framework for the implementation of tokenized assets; and the use of common settlement facilities for tokenized assets.
The Hong Kong Monetary Authority today announced that it is partnering with the Central Bank of Brazil to conduct a cross-border tokenization trial under the Ensemble project and the Drex pilot scheme. The two sides' experimental central bank digital currency (CBDC) infrastructure, namely the Ensemble sandbox and Drex pilot platform, will be connected to explore the use cases of cross-border simultaneous settlement (PvP) and DvP settlement in areas such as trade finance and voluntary emission re...