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Report: The People's Bank of China's Digital Currency Is Now 'Ready'
Barely a month after it accelerated its crypto plans, China’s central bank digital currency (CBDC) is now reportedly “ready.” The Token Post, citing the Shanghai Securities News, reported yesterday that the Middle Kingdom will be rolling out its CBDC “soon.” Mu Changchun, deputy chief of the People’s Bank of China’s payments and settlements unit, said that the CBDC prototype is
Hacker Extorts World’s Largest Bitcoin Exchange Over KYC Data
Binance, the world’s largest cryptocurrency exchange by trading volume, recently revealed that it has been targeted by an extortionist seeking “300 BTC in exchange for withholding 10,000 photos that bear similarity to Binance KYC data.” The Malta-headquartered exchange refused to cooperate with the hacker, and as such, a shedload of the photos have been released, including several hundred that he
Report: State-Backed Hackers Are Targeting Crypto Firms
Here’s something interesting. FireEye, a California-based cybersecurity company, says with “high confidence” that Chinese government hackers have been attacking crypto firms (PDF). The hackers, called APT41, have been active since 2012 and initially targeted video game companies for financial gain. FireEye, however, claims that the group has since expanded to state-sponsored activity alongside its own financially motivated operations. As with
Samsung Amps up Blockchain Dapp Arsenal With Over a Dozen New Apps
In an effort to stay ahead of the competition, Korean electronics giant Samsung has added over a dozen new apps to its blockchain dapp store, writes CoinDesk: Launched in March 2019, Samsung’s online dapp store, Blockchain Keystore, has grown from an initial four applications to a total of seventeen. The four original dapps included a password wallet, a game, a
Trade Wars Or Crypto Whales? What’s Behind The Latest Price Surge
With all the talks of retaliatory trade wars, turmoil in Hong Kong, and global markets on the downswing, it’s hard to pinpoint why crypto prices are surging at the moment. But Tom Maxon, CoolBitX’s head of U.S. operations, believe it has less to do with macro conditions and more to do with crypto whales taking advantage of the market momentum.
NexChange Interview Series: Dr. Larry Sanger (Part 2/2)
In this episode of the NexChange Interview Series, we have Part Two of our exclusive interview with Wikipedia co-founder Dr. Larry Sanger. In Part One, Dr. Sanger shared his thoughts on Wikipedia and his current blockchain-based project, Everipedia. Here, Dr. Sanger talks about blockchain, decentralization, and tokenization. Have a gander: Transcript: Olga Yaroshevsky: Do you think that blockchain is able
Why Facebook’s Libra Cryptocurrency Launch May Never Happen
Image source: Facebook Newsroom Facebook excited the cryptocurrency market last month by announcing plans to launch Libra, its own blockchain-based payment system. Since then, numerous concerns have been raised in multiple countries, and now a regulatory document even states that Facebook’s Libra cryptocurrency launch might never happen. Facebook said in its latest quarterly report to the Securities and Exchange Commission
Hong Kong Awards Digital Asset Custody License to Aegis Custody
After handing out a handful of virtual banking licenses, Hong Kong has issued its first digital asset custodian license. Aegis Custody, a Fosun-backed digital asset financial services company, has had its digital asset custody business licensed by the Hong Kong Companies Registry of Trust and Company Services Providers, according to a statement. The company’s Founder and CEO, Serra Wei, said
'Fastest Crypto Exchange In The World' Released To Retail Market
The crypto wallet Blockchain announced Tuesday that it has launched The PIT, an institutional-grade crypto exchange with microsecond-latency. “The current crypto exchange market is outdated, broken, and skewed against users. We got tired of waiting for a new entrant to deliver the performance today’s traders demand,” Peter Smith, Blockchain's CEO and co-founder, said in a statement. Read more at Benzinga. Photo: JD
UK FCA’s Final Guidance On Crypto Assets: What It Means For You
As you may know, today the UK Financial Conduct Authority published its final guidance on crypto assets, defining what tokens come under its jurisdiction, classifying what it considers the 3 main types of tokens: Security, E-Money and Unregulated tokens. mohamed_hassan / Pixabay In response to the report, a number of experts in the space have provided their insights, which can be seen