Category Archives: Cryptocurrency News

Reserve Bank of Australia to explore options for using CBDC

The Reserve Bank of Australia, together with the Digital Finance Corporate Research Center, is launching a pilot project to explore practical use cases for CBDC. Previously, the Reserve Bank of Australia (RBA) conducted preliminary studies on the possible technical design of the state cryptocurrency (CBDC), in particular, studied the potential use of distributed ledger technology in the financial sector. At the moment, the question of applied options for using the digital currency of the Central…

Trend Micro warns of metaverse vulnerabilities

Computer security experts at Trend Micro, an antivirus company, believe that the metaverses will be breeding grounds for crime in the first few years of their existence. The Trend Micro report notes that the metaverses have growing vulnerabilities that could manifest themselves over the next five years. Among the top threats, the company cited metaverse regulation issues, NFT security issues, the development of a dark web-like “dark metaverse”, financial fraud, privacy issues, physical threats, and…

Mike McGlone: ​​Bitcoin and Ether are oversold

Bloomberg Intelligence senior commodities strategist believes that according to the technical analysis of the market, leading cryptocurrencies are selling below their real value. Mike McGlone drew on a number of observations but focused on a particular indicator. “The benchmark cryptocurrency hit the lowest level compared to the 100-week moving average in July. This situation represents an extreme discount on a sustained bull trend in the market.” The analyst emphasized the importance of stocks, which have…

US Senator Elizabeth Warren proposes to cut Wall Street’s involvement in the crypto industry

The US Congressman is concerned about the impact that the cryptocurrency industry could have on the country’s banking system. Elizabeth Warren has launched a new anti-cryptocurrency initiative by proposing a bill that would ban banks from providing services related to digital assets. Congressman proposes to reduce Wall Street’s involvement in crypto activities. To do this, Warren is urging senators to sign a letter to the Office of the Comptroller of the Currency (OCC) asking them…

The first virtual crypto ATM is launched in the Decentraland metaverse

The Decentraland metauniverse, together with the Transak payment service, offered the owners of virtual land to host crypto ATMs to increase the growth of cryptocurrency transactions. Payment platform Transak announced on Twitter that it has developed a crypto ATM that exchanges digital assets for fiat currencies and is capable of being integrated into the Decentraland metaverse. “The Transak ATM is the world’s first fiat-to-cryptocurrency exchange terminal designed to work in Decentraland. Users will be able…

ECB: Central bank digital currency outperforms banks, bitcoin and stablecoins

The main European financial regulator compared the digital currencies of the Central Bank with bitcoin, saying that the calculations in the latter are too complicated and costly. The European Central Bank (ECB) has published the results of its latest study, according to which a central bank digital currency (CBDC) should be much more efficient in cross-border payments than banking service providers, bitcoin and any digital stablecoins. The study is titled Towards the Holy Grail of…

The Charles Schwab launches its first cryptocurrency ETF

One of the largest US brokers announced the launch of an exchange-traded fund that will directly invest in companies wishing to work with cryptocurrencies. A subsidiary of The Charles Schwab Corporation, Schwab Asset Management has announced the launch of its first exchange-traded crypto fund. The new product is called the Schwab Crypto Thematic ETF (NYSE Arca: STCE). The first day of trading is expected to take place on August 4th. The fund is designed to…

Civic has released a package of products to combat bots and scammers

Civic’s Web3 cybersecurity team has launched a user identity tool amid rising airdrop fraud incidents. Civic specializes in building infrastructure for Web3. As part of a program to combat bots and fraud, the company has launched a new uniqueness verification tool and platform called Civic.me. In an interview at the NFT Expoverse in Los Angeles, chief product officer JP Bedoya said that the uniqueness check is part of a whole set of products for legal…

CedarFX – Trade with the First Eco-Conscious Broker

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…

Ethereum Foundation Disclosed New Ethereum Merge Testing Details

One of the developers of Ethereum reported on the latest preparations for the transition of the network to proof of ownership PoS. On the back of this news, Ether rose by 14%. Ethereum Foundation’s Ethereum Piercing Support Engineer Tim Beiko has revealed on Twitter the latest details on preparations for the final test phase of the Ethereum merger with test blockchains. The final transition to the Proof-of-Stake testnet will take place on the Goerli testnet,…