Read enCRYPTed news, get deCRYPTed insights

Topic

Economy

A collection of 596 issues

Moonbirds founder loses $1.1m to scammers

Moonbirds founder Kevin Rose was the victim of a phishing attack. In fact, he gave his data to the scammer himself due to negligence. As a result, Rose lost $1.1 million in NFT. The Moonbirds founder announced the hack on his Twitter page. He asked to refrain from buying

South Korea arrests Bithumb crypto-exchange owner

The Seoul prosecutor's office has issued an arrest warrant for the real owner of crypto exchange Bithumb, businessman Kang Jong-hyun. He is accused of financial fraud through partner companies. Local authorities have accelerated their investigation in the wake of the recent high-profile incident. Recall that Bithumb's largest shareholder committed suicide,

UK central bank seeks new head of CBDC department

The UK Treasury has published a vacancy on Linkedin. The Treasury is looking for someone to head the CBDC department. According to the vacancy, the head will lead a team of around 20 people. The team will be looking at the potential of CBDC, finding ways to integrate it into

TMK sold its assets in Europe to a Serbian company.

Investment company Hefestos Capital has acquired the European assets of the Pipe Metallurgical Company: two plants in Romania and their sales units in Europe and the USA. This is stated in the press-release of TMK Artrom SA, a former subsidiary of TMK, which incorporated the Romanian plants.

Japan proposes equalizing cryptocurrencies with the banking sector

A Japanese regulator believes that cryptocurrencies should be treated the same as traditional banks. The statement was made by Mamoru Yanase, deputy director of the Financial Services Agency (FSA). The official said the market needs the same rules and safeguards as typical financial institutions. He called on global regulators to

The ECB has issued a presentation on the digital euro

The European Central Bank has issued a fact sheet on the implementation of the digital euro. "The Eurogroup believes that the implementation of the digital euro, as well as the choice of its design and basic functions, require political decisions. These must be discussed and approved at a political level,

Canadian crypto exchanges Coinsquare and WonderFi discuss merger idea

Coinsquare Ltd. and WonderFi Technologies have begun preliminary talks on a merger procedure. The goal of the deal is to create Canada's largest crypto exchange, Bloomberg reporters report, citing insiders. The companies may make an official announcement in the coming days.

Apple CEO's salary to drop by 40%

Tim Cook earned $99.4m at Apple last year, a figure that will drop to $49m in 2023.

CryptoCom Canada delist USDT

CryptoCom will exclude USDT, the most important Stablecoin in the crypto ecosystem, from its Canadian platform. This is ostensibly to comply with the country's regulations. The news came to light thanks to Reddit and Twitter users. They reported that they received an email from Cryptocom. According to the statement, users

FTX spent $40 million on hotels, lunches and travel.

FTX spent $40 million on hotels, lunches and travel From January to September of last year FTX allocated about $40 million on flights, business lunches and expensive hotels, reports Insider, citing court records. Of the designated amount, the company spent $15.4 million on hotels, $6.9 million on entertainment