General Bytes, a Czech based cryptocurrency ATMs manufacturer, lost $1.5 million worth of clients’ crypto in hot wallet hack that used its cloud service. The company has closed the cloud service and promised to reimburse the losses to the victims.

Arthur Hayes, the co-founder and former CEO of crypto exchange BitMEX, criticized both custodian and decentralized stablecoins and proposed a new stablecoin called the Satoshi Nakamoto Dollar, or NakaDollar (NUSD). Unlike existing stablecoins, NUSD would be supported only by Bitcoin.

Datachain, Mitsubishi UFJ Trust and Banking Corporation, and Soramitsu announced a technology alliance to enable smooth transfer and exchange of stablecoins to be issued in Japan.

Doodles is no longer an NFT project as it shifts focus from NFTs to long-term media brand goals.

Aiden Pleterski, self-proclaimed ‘Crypto King’ of Canada, was kidnapped, tortured, and held hostage by angry investors in Ontario, Canada.

The US Commodity Futures and Trading Commission alleges that Binance willfully violated federal law to encourage US investors to subvert its own “ineffective” compliance program. The exchange is also accused of offering unregistered crypto derivatives products.

In a new report, Moody's analyzed the impact of the traditional banking system on stablecoins, as well as the possible tightening of regulation against the background of the recent banking crisis.

The well-known messaging app Telegram has added the functionality for users to buy, store, and send Tether (USDT), the world's largest stablecoin.