Kyrgyzstan President Sadyr Zhaparov signed CBDC law giving the country’s central bank permission to launch the “digital som” in the future. Kyrgyzstan President Sadyr Zhaparov has signed a constitutional law authorizing the launch of a central bank digital currency pilot project while also giving the “digital som” — the national currency in digital form —...Continue Reading

The firm said it had chosen a “cease and retreat” strategy in response to allegations that the Lazarus Group laundered funds stolen in a $1.4 billion exploit of Bybit. Cryptocurrency exchange eXch announced it will cease operations on May 1 after reports alleged the firm was used to launder funds from a Bybit hack. In...Continue Reading

Korea’s “cage pumping” crypto market manipulation, Chinese exchange grooming scandal, 67K scammed in Indian pig butchering con. Asia Express. Major cryptocurrency exchanges are under fire over allegations that they gave leveraged platform-locked funds to university students in China to encourage speculative trading. The controversy has drawn comparisons to the countrys campus lending scandal nearly a...Continue Reading

WindSurf and Cursor are competing AI coding assistant tools that allow users to “vibe code” without having deep programming knowledge. OpenAI was reportedly in talks to buy Anysphere, the company that produces the Cursor AI coding assistant, before entering into talks with rival company WindSurf. According to CNBC, OpenAI approached Anysphere in 2024 and again...Continue Reading

Bitcoin price needs to push above $85,000 to keep the current bullish momentum from fizzling out. The latest US initial jobless claims data came at 215,000, below the estimated expectation of 225,000, on April 17. The dip in jobless claims indicated that the US labor market remained stable, with fewer people being affected by the...Continue Reading

The executive added that most of the millions of cryptocurrencies in circulation today lack any real monetary value. Barry Silbert, the CEO of Digital Currency Group, said he would have secured higher investment gains by just holding the Bitcoin that he invested in early-stage crypto projects around 2012. During an April 17 appearance on Raoul...Continue Reading

The $55 million investment has been made through LayerZero tokens with a three-year lock-up, according to an a16z general partner. Venture capital firm Andreessen Horowitz, or a16z, announced a $55 million investment in LayerZero, a Web3 company that runs a crosschain messaging protocol. The investment was disclosed in an April 17 X post by Ali...Continue Reading

The Ripple-owned Hidden Road is now a Financial Industry Regulatory Authority member, which expands its broker-dealer capabilities. Prime brokerage Hidden Road, which was recently acquired by Ripple for $1.25 billion, has secured a broker-dealer license from the Financial Industry Regulatory Authority (FINRA) — a move that enhances its capacity in the fixed-income markets.  As a...Continue Reading