Breaking crypto news from the last week (Dec. 4 – 10, 2021): Dec. 4: Bitcoin plunged along with other cryptocurrencies on Saturday night, another indication of the risk aversion sweeping across financial markets. The biggest cryptocurrency was down about 18%, the largest one-day loss since September, while the crypto market has lost about $550 billion…

Japan’s SoftBank is investing 10% of the company’s $5 billion funds in crypto-related assets, a strategy that the bank’s managing director supports even if some tokens are overvalued. According to the managing director of SoftBank’s Latin America Fund, Paulo Passoni, the most attractive place to invest in Latin America is cryptocurrencies, Bloomberg reported. “Of course,…

Crowdfunding platform Kickstarter has announced the development of a “decentralized protocol,” which, in technical speak, means the company is moving its operations to blockchain technology. The crowdfunding site will make use of the Celo blockchain for this purpose. In a blog post by CEO Aziz Hasan and co-founder Perry Chen on Thursday, the crowdfunding platform…

Those looking forward to the emergence of central bank digital currencies in developed countries may be up for a very nasty surprise. The long-awaited CBDCs are likely to become one of the worst tools of mass surveillance. Have you noticed how the development of central bank digital currencies happens really slowly? Typically, we attribute it…

Payments giant Visa is launching new crypto consulting and advisory services aiming to help its clients navigate the world of crypto assets. Visa’s Global Crypto Advisory Practice will sit in its Visa Consulting & Analytics division, Visa said in a press release Wednesday. The payment company said that its advisory group will be for financial…

Hackers are imitating popular pirating tool KMSPico to spread malware, which could steal data from various crypto wallets. The attack is particularly dangerous because using KMSPico often requires people to disable antimalware software. According to a report by Red Canary from December 2, 2021, fake versions of KMSPico have been utilized to get malware onto…