Category Archives: Cryptocurrency News

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,…

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…