News & Reviews on Payments Technology, Crypto & More
The Bank of Japan announced on Thursday that it would experiment with a CBDC to check its feasibility from a technical perspective. The Bank of Japan has announced it will begin experimenting with a central bank digital currency (CBDC) to check its feasibility from a technical perspective. BoJ wants to digitize cash but it remains […]
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Authorities across Europe take down an organized crime syndicate that used an encrypted chat network to coordinate their illicit activities. Law enforcement authorities throughout Europe arrested over 800 individuals that allegedly were using an encrypted chat network to coordinate their illicit activities. 60,000 members EncroChat was using modified Android devices to provide its users “worry […]
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Lithuania might become one of the first countries to issue a CBDC — but there’s a catch. The Bank of Lithuania, or BoL, will launch a pre-sale of its CBDC, dubbed LBCOIN, on July 9, a representative for the central bank told Cointelegraph. The coin itself will be issued and sold on July 23. While […]
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MongoDB suffered a “Wiping & Ransom” attack that wiped around 22,900 unsecured databases. Cross-platform database company, MongoDB, is the latest victim of a cybercriminal attack. This attack has infiltrated 22,900 unsecured databases by wiping their contents. The gang behind the attack has since requested Bitcoin (BTC) payments in exchange for a backup of the data. […]
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A report released by crypto exchange Binance illustrates how scams targeting cryptocurrency investors attempt to gain credibility. A report released by major crypto exchange Binance illustrates how scams targeting cryptocurrency investors attempt to gain credibility. In the report published on June 30, the exchange explained that its Binance Sentry risk investigation service observed reports of […]
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Blockchain initiatives are being applied by large companies to reduce intermediaries and costs in the travel industry. The word “blockchain” is no longer perceived as something exotic and super innovative, partly because large companies have found various uses for this technology and customers have begun to understand how it works. On the other hand, the […]
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Experts from the Bank of Canada have released their thoughts on how a digital dollar should be available to all Canadians. A digital Canadian dollar should imitate traditional banknotes in terms of availability and accessibility, according to staff from the country’s central bank, the Bank of Canada. In an analytical note on June 30, experts […]
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Multi-billion-dollar mining group BHP announced it has completed a $14 million iron ore trade using a blockchain platform. The world’s largest mining company BHP Group announced today that it completed a $14 million iron ore trade using a blockchain platform developed by the Canada-based technology company MineHub Technologies. The transaction was carried out between BHP […]
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Core Scientific signs deal to buy Bitcoin mining machines from mining hardware producer Bitmain, company says, as American mining interest goes up. American blockchain hosting provider Core Scientific signed a deal to buy next-generation Bitcoin (BTC) mining machines from major Chinese mining hardware producer Bitmain. Core Scientific will purchase more than 17,000 S19 Antminers from […]
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Global stablecoins could provide market participants with a cost-efficient means to rebalance their capital across global markets. In the past year, three major financial oversight bodies have voiced concerns about threats to financial stability purported to be posed by stablecoins. While acknowledging the potential for enhanced payments efficiency, reports from the Bank for International Settlements, […]
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