China Debuts AxCNH in Kazakhstan: Offshore Yuan Stablecoin Signals A Push Into Cross-Border Finance
On September 17, 2025, Kazakhstan became the site of a landmark development in the world of digital finance: the launch of AxCNH, the first regulated offshore stablecoin tied to the Chinese yuan (specifically, the offshore yuan, known as CNH). Developed by AnchorX, a Hong Kong‐based fintech, and built on technology from Conflux, a Chinese‐backed blockchain infrastructure, AxCNH marks a new chapter in China’s efforts...
India Orders Mandatory Cybersecurity Audits as Crypto Heists Surge
In a decisive response to mounting crypto security incidents, the Indian government has issued a directive requiring all cryptocurrency exchanges, custodians, and related intermediaries to undergo external cybersecurity audits. The move comes after several high-profile hackings rattled trust in the sector, and reflects a growing determination in New Delhi to bring crypto platforms under stricter oversight.Under the new rules, any enterprise operating in the...
Argentina’s $LIBRA Cryptocurrency Scandal Sparks Political Turmoil and Investor Outrage
In February 2025, Argentina's President Javier Milei promoted a cryptocurrency called $LIBRA on his social media platforms, describing it as a private initiative aimed...
Australian Crypto Scam Targets Binance Users
In a recent surge of cryptocurrency-related fraud, over 130 individuals in Australia have fallen victim to a sophisticated scam impersonating the Binance cryptocurrency exchange....
IMF’s Stance on El Salvador’s Bitcoin Accumulation
El Salvador's pioneering venture into cryptocurrency adoption has reached a pivotal juncture. The International Monetary Fund (IMF) has approved a 40-month, $1.4 billion Extended...
Bybit Hack Forensics Reveal SafeWallet Compromise
In a significant security breach that has sent shockwaves through the cryptocurrency community, Bybit, a prominent Dubai-based crypto exchange, suffered a theft of approximately...
China’s Ongoing Struggle to Control Underground Cryptocurrency Trading
Despite China's stringent regulations against cryptocurrency trading, underground brokers continue to facilitate large-scale transactions, enabling individuals to convert yuan into digital assets. This clandestine...
Meme Coins’ Rising Popularity and Risks
In recent years, meme-inspired cryptocurrencies, commonly known as "meme coins," have garnered significant attention within the digital asset market. These tokens, often created as...
Cryptocurrency Investment Scams on the Rise
Cryptocurrency investment scams are surging globally, with India experiencing a significant share of these fraudulent activities. A recent incident in Pune highlights the pervasive...
Craig Wright Found in Contempt of UK Court
Craig Wright, an Australian computer scientist who has long and falsely claimed to be Bitcoin's creator, Satoshi Nakamoto, has been found in contempt of...
Grayscale’s Bitcoin ETF Developments
Grayscale Investments, a leading digital asset management firm, has been at the forefront of integrating cryptocurrencies into mainstream finance. A pivotal aspect of this...
Hong Kong Proposes Crypto Tax Breaks
In a strategic move to bolster its status as a premier financial hub, Hong Kong has unveiled plans to exempt private equity funds, hedge...
Crypto Industry’s Record Election Spending
As the United States transitions into a new presidential administration, speculation intensifies regarding the future of Gary Gensler, the current Chair of the Securities...
Cosmoverse 2024 Conference Drives Innovation for Cosmos Ecosystem
The Cosmoverse 2024 conference, held in Dubai from October 21-22, has become a major highlight for the Cosmos ecosystem, showcasing groundbreaking updates and innovation...