Crypto-news

Seems like the numerous cryptocurrency scams have not taught anyone a thing. Moreover, people are falling victim to increasingly more primitive schemes – the criminals don’t even need to invent anything. We decided to figure out what can be learned from the collapse of the Squid token launched in the wake of the Squid Game…

The International Monetary Fund (IMF) called for a “comprehensive, consistent, and coordinated” approach to harness the benefits of crypto’s underlying technology while mitigating its risks. The fund plans to work closely with the Financial Stability Board (FSB) and other members of the international regulatory community to develop an effective regulatory approach to crypto-assets. In a…

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. China is not joking around: the digital yuan, issued exclusively by the People’s Bank of China, is meant…

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,…

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…

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…