Don’t Fall for These Fake Chinese CBDC Scams

Scammers promise high yields for people who allocate their money in a fake CBDC-related investment scheme. Cities in China will soon begin testing a new Central Bank Digital Currency, or CBDC. Scammers are now taking advantage of this fact by impersonating “CBDC test” groups. According to Tencent QQ, criminals are promoting a scam that asks […]

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Major Argentine Telecom Falls Victim to $7.5M Monero Ransomware Attack

Argentina’s largest telecommunications company has fallen victim to a $7.5M ransomware attack. Telecom, Argentina’s largest telecommunications company, has fallen victim to a ransomware attack. Hackers are demanding $7.5 million in Monero (XMR) — an amount that will rise to $15 million if the company does not pay within 48 hours. Argentina’s major telephone company, Telecom, […]

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French Central Bank Picks Accenture, HSBC and Others for Digital Euro Pilot

The central bank of France is about to start several experimental trials centering the digital euro. Banque de France has picked eight potential candidates to test the integration of a CBDC for interbank settlements, according to the announcement published earlier today. The list of approved participants includes mainstream juggernauts like Accenture, HSBC, and Societe Generale, […]

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