Category Archives: Cryptocurrency News

ECB: Access to the digital euro should be limited to prevent it from becoming too popular

The European Central Bank (ECB), having studied the public reaction to the news about plans to issue a digital euro, announced the need to limit access to CBDC to protect the financial system. The European regulator released a report saying that, according to economic data, the access of Europeans to state digital currencies should be limited in order to prevent significant capital flight from traditional banks. A team of economists led by ECB CEO Frank…

University of Pennsylvania Launches Metaverse Business Course

The Wharton School of Business of the Ivy League at the University of Pennsylvania has announced that its Aresty Institute for Executive Education will launch a “Business in the Metaverse Economy” certification program. The six-week course will be taught online. The school has partnered with consulting firm Prysm Group to develop a curriculum that will include more than 50 lectures from educators and industry representatives, as well as six case studies. Guest speakers will include…

Harmony offered the community a 3-year $100 million refund plan

The Harmony team, a month after the bridge breach, which resulted in the loss of $100 million in assets, offered two options for recovering assets. Harmony urged the community to vote on the most profitable of the options from August 1st. The developers warned that in both cases, given the current state of their financial reserves, an immediate asset recovery of 14 different asset classes for 65,000 wallets worth about $100 million is not possible.…

SonicWall: Cryptojackers switched from retailers to financiers

Analysts at the system security agency SonicWall believe that against the backdrop of a decrease in the number of ransomware attacks, stealth mining incidents have increased. SonicWall published its 2022 Cyber ​​Threat Report, which states that the number of hacker attacks on the financial sector using cryptojacking has increased by 269%. According to the document, the number of cyber attacks on this sector of the economy is now five times higher than the number of…

Kimchi premium: South Korean authorities prosecute bitcoin abusers

Law enforcement agencies in South Korea, as part of a major investigation by the Financial Supervisory Service (FSS), are checking cases of illegal bitcoin trading in order to receive the so-called kimchi premium. The Seoul Central District Prosecutor’s Office has launched an investigation into over 2 trillion Korean won ($1.5 billion) in money transfers from overseas related to bitcoin trading. According to the prosecutor, this money was obtained through an illegal method of bitcoin arbitrage…

Bitfinex and Tether launched a cryptographically protected video call service

Crypto companies Bitfinex and Tether have jointly entered the peer-to-peer (P2P) application market by offering private video communications with the ability to integrate USDT. Together with P2P infrastructure developer Hypercore, the companies created a new legal entity and protocol called Holepunch. Based on it, three project participants launched the Keet application for peer-to-peer cryptographically encrypted video calls. Keet will allow users to schedule audio and video calls, send text messages and share files for free.…

Barclays begins investing in the digital asset market

The British bank Barclays, despite the crisis in the crypto industry, intends to invest in the custodial service Crypto Copper in the “range of millions of dollars.” An international private bank headquartered in London is investing in a crypto service that stores $2 billion worth of cryptocurrencies as part of its latest funding round. Barclays is one of the UK’s largest banks with total assets of around $1.4 trillion as of 2021. Until now, the…

The Prosecutor of South Korea conducted searches in the offices of seven crypto-exchanges

Employees of the South Korean prosecutor’s office staged a raid, during which they raided legal entities, one way or another related to the investigation into the collapse of the Terra project. The offices of seven local stock exchanges were searched. Law enforcement is investigating whether the collapse of the Terra ecosystem was a deliberate move by Terraform Labs founder and CEO Do Kwon. Prosecutors visited the offices of the trading exchanges Bithumb, Upbit, Coinone and…

South Korean sports committee official laundered budget money through bitcoins

A senior South Korean sports committee accountant who manages state funds for mass sports has confessed to stealing taxpayer money in exchange for cryptocurrency. An employee of the sports council of the South Korean city of Mokpo, who is responsible for the operating expenses of local amateur and semi-professional sports teams, stole more than $ 367,000. The official and her husband spent the money on investments in cryptocurrency. A few months ago, the sports committee…

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…