The Bank of Korea to Conduct Real-World Transactions Test of Central Bank Digital Currency Next Month
On March 24th, the Bank of Korea announced today that as part of the launch of a central bank digital currency (CBDC) wholesale pilot test, the bank will conduct payment use tests of digital tokens converted from bank deposits in both online and offline markets.
The test is set to start on April 1st, with up to 100,000 consumers and 7 major banks participating, such as the Bank of Korea, Shinhan Bank, and KEB Hana Bank. During this period, consumers will be able to utilize deposit tokens to purchase goods and services at various online and offline stores, including 7-11 convenience stores, Kyobo Book Centre branches, EDIYA coffee shops, and the Hyundai Home Shopping website.
The maximum value of digital tokens that consumers can use will be set at 5 million Korean won (approximately $3,400), and the test will continue until the end of June. (Jinse)
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GMGN has provided compensation to users who suffered losses during the unstable trading period on the BNB Chain.
On March 24th, a co-founder of GMGN, @haze0x, posted on social media and said, "I sincerely apologize to users who interacted with their Telegram accounts on the BNB Chain during the recent period of service instability. Each affected user will receive 0.1 BNB as compensation."
Moreover, for users who experienced an account loss during this period, we have calculated the compensation based on the relevant data and directly deposited the corresponding compensation into their GMGN accounts.
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British Investment Bank Executive Suggests Taxing Cryptocurrency to Channel Funds into Stock Market
March 24th: The chair of the UK investment bank Cavendish, Lisa Gordon, proposed imposing a tax on cryptocurrency purchases in order to encourage more investors to invest in the UK stock market. She suggested the introduction of a cryptocurrency transaction tax similar to the 0.5% stamp duty on the London Stock Exchange. Gordon holds the view that this action could lead to a shift in investment towards stocks, which would help fund innovative UK companies and support the broader economy.
She emphasized that more than half of Britons under the age of 45 own cryptocurrency rather than stocks and believes that reallocating a portion of capital could enhance economic productivity. Despite the increasing amount of cryptocurrency holdings, Gordon referred to it as a "non-productive asset" with minimal economic contribution.
She also mentioned that due to the cost of living crisis, many people are reducing their investments, making it more crucial to channel limited funds into assets that c
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OX.FUN has released its 2025 Roadmap, which will focus on Cross-Chain Transactions and Mobile User Experience Upgrade
On March 24th, according to official channels, OX.FUN has presented its 2025 roadmap. It plans to enhance the platform's functionality within the next 12 months by leveraging on-chain transparency, multi-chain staking (including NFTs), OX Quanto, and Hyperliquid USDC futures trading.
Meanwhile, OX.FUN will launch a mobile trading app that supports one-click deposit and cross-chain asset swaps. The aim is to offer users an efficient and convenient Meme coin futures trading experience. Some of these features have entered the development stage and are expected to become available in a few weeks.
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Gate Wallet is launching a Meme Token Trading Pack Claim Event, with a total prize pool of $100,000.
On March 24th, as per the official announcement, Gate Wallet has initiated a Meme token trading compensation event from March 19th to March 31st at 14:00 (UTC+8). During this event, new users whose cumulative transaction amount in the account exceeds 50 USDT within 7 days will be qualified to receive Meme token trading compensation vouchers, with a maximum compensation of 100 USDT. The total prize pool amounts to $100,000.
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The US Government to Return $7 Million in Seized Funds to Victims of Fake Crypto Investment Website
On March 24th, as reported by Cointelegraph, the U.S. government is aiming to return $7 million to the victims of social engineering fraud. These victims were tricked into sending money to a fraudulent cryptocurrency investment platform.
According to a statement from the U.S. Attorney's Office in the Eastern District of Virginia, this fraud case began with fraudsters contacting victims and winning their trust. Then, they directed the victims to a website that was disguised as a legitimate cryptocurrency investment platform.
Once the victims made a deposit, the funds were transferred through more than 75 bank accounts held by shell companies and then moved abroad in a "deceptive manner." Although the funds appeared as domestic transfers, they were actually sent to banks outside the U.S. When the victims tried to withdraw, the perpetrators forced them to make additional transfers by claiming that they needed to pay taxes on the assumed earnings.
In 2023, the U.S. Secret Service seized
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