Our Dystopian CBDC Future. Part 1

    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…

    Visa launches crypto advisory service for its clients as demand grows

    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 use infected Windows activators to steal from crypto wallets

    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…

    Bitcoin dominance sinks lowest since 2018 amid altcoins rise

    After a consistent drop in the overall market dominance in the last 11 months, BTC has seen a sharp decline in its crypto market dominance during December’s correction. With a market cap of $930 billion, Bitcoin is still the most valuable digital asset, but on December 9, its dominance stood at around 37.2%, which is…

    Cherry Network raises $2.9 million to launch its smart contract platform

    Dubai-based the Cherry Project has revealed it raised $2.9 million from leading VC firms to launch Cherry Network, a decentralized storage blockchain with smart contracts. The Cherry Project announced on December 4 the successful completion of its private token sale. The funding round raised a total of $2.9 million, securing investments from some of the…

    Scam-radar: What crypto scams are out there and how to avoid them

    One side effect of the blockchain industry’s explosive growth is an outburst of different scams, frauds, and other economic crimes “tied” to cryptocurrencies. The risk of running into shady characters in this area is now higher than in any other. It is why we decided to launch a series of articles on cryptocurrency scams and…

    PureStake: “Many of the technologies previously used were “retired” by us”

    PureStake is the company behind Moonbeam and Moonriver chains. Both are highly sought after: On June 30, Moonriver won the parachain slot and is now running on the Kusama network, deploying its Ethereum-compatible smart contract platform. And due to the efforts of the Moonbeam Foundation, the crowdloan campaign raised 206,000 KSM tokens worth $ 45…

    BitOasis to add 12 New Tokens to its Exchange Platform

    ● New tokens that can be traded on BitOasis include Dogecoin, Uniswap, Decentraland (MANA) ● Maintains MENA market leadership with broadest  crypto  asset offering across region – approximately 20 more tokens than peers ● Move responds to sustained regional retail demand for diversified  crypto  asset investment options December 08, 2021, Dubai, UAE: BitOasis, the Middle East and North Africa…

    Indonesian Muslim cryptocurrency enthusiasts find a way around Islamic fatwa

    Trading of cryptocurrencies like Bitcoin has been declared forbidden for Muslims by the national council of Islamic scholars in Indonesia, as the popularity of digital currencies grows in the world’s largest Muslim-majority country. How Indonesian Muslim crypto enthusiasts find a way around Islamic fatwa, Erwin Renaldi and Hellena Souisa said on ABC News. Key points:…

    Bahrain’s financial sector to go digital but not crypto

    A comprehensive digital transformation of the financial sector in Bahrain includes rolling out a Digital Dinar but does not adopt the crypto sector. The head of the Central Bank of Bahrain (CBB) warned against cyber-crime and dealing with cryptocurrency, speaking during the press conference on Saturday. Plans of digital transformation of Bahrain’s financial sector include…