By Kapil Rajyaguru
SocGen’s Crypto Unit Takes Euro Stablecoin to Solana After Flopping on ETH.
On Friday, Societe Generale announced that its subsidiary SG Forge would launch euro stablecoin EUR CoinVertible (EURCV) on the Solana blockchain.
Last year, SG Forge released EURCV on Ethereum as a highly regulated, euro-focused alternative to Tether and Circle’s top dollar-linked stablecoins. EURCV’s Etherscan page shows 28 holders, 154 lifetime transactions, and 33 million issuances.
The Solana launch will determine whether crypto consumers want Euro-linked stablecoins on a quicker, cheaper network.
Crypto Exchange BingX Hacked, Onchain Data Shows Over $43 mn Drained.
In a statement on X, BingX’s CPO claimed the exchange would pay consumers for the “minor” asset theft.
On-chain evidence shows the exchange lost $13.25 million ether, $2.3 million BNB, and $4.4 million USDT in various tranches.
After stealing $26 million, hackers stole $16.5 million from the exchange a few hours later.
Franklin Templeton to Launch Mutual Fund on Solana.
The $1.5 trillion global asset management company Franklin Templeton aims to introduce a Solana blockchain-based mutual fund.
Franklin Templeton Partnership Development head Mike Reed gave the keynote speaker at Solana Breakpoint 2024 in Singapore.
Reed’s statement was highlighted by Franklin Templeton’s native Solana development filing. Reed stressed that Franklin Templeton mints tokens “authentically on chain” without an off-chain catalogue.
Supreme Court of India YouTube Channel Hijacked To Shill XRP.
A Ripple and XRP fraud is being perpetrated on the Supreme Court of India’s YouTube channel by cryptocurrency hackers. For a cryptocurrency hoax, the Supreme Court of India’s official YouTube channel, with over 217,000 subscribers, was renamed as Ripple on Sept. 20.
Hackers streamed a phony webcast of Ripple Labs CEO Brad Garlinghouse. It also encouraged victims to invest in the fraud with exaggerated rewards.
You need to login in order to Like
