Monthly Archives: June 2020

Sweden’s Central Bank Releases 98-Page ‘Economic Review’ Devoted to CBDC

Sweden’s central bank just released a massive report on central bank digital currencies. Sveriges Riksbank, Sweden’s central bank, took a 98-page deep dive into central bank digital currencies, or CBDCs, referencing the country’s own such asset — the e-krona.  “The second issue of Sveriges Riksbank Economic Review in 2020 has a special theme, namely central bank digital currencies (CBDC) and the e-krona,” Riksbank’s June 18, 2020 report said in an initial note to readers.  Sweden’s interest is not new In December 2019, Sweden unveiled intentions for a pilot […]

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Canadian Bitcoin Scam Expands to British Columbia

Police in Burnaby have noted a surge in Bitcoin-related scams across Vancouver. The Royal Canadian Mounted Police, or RCMP, in Burnaby, a district of Vancouver in British Columbia, reported a surge of Bitcoin (BTC) related scams across the city. This news comes amid recent reports of similar activity occurring across Canada. Authorities say scammers call their victim and impersonate a member of the RCMP. The scammer then falsely states that the police have an arrest warrant for the victim related to fraudulent activity. Different phone numbers used […]

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Is Mobile Decentralized Exchange Trading Riskier? Komodo’s CTO Says Not Necessarily

Security for mobile decentralized exchange usage depends on several factors. Using a decentralized exchange, or DEX, on a mobile device does not necessarily make for greater hacking risk, according to Kadan Stadelmann, CTO of blockchain platform Komodo.  “I don’t think that the risk to a mobile DEX is necessarily higher than that of a DEX accessed through another medium,” Stadelmann told Cointelegraph. “The risk would vary depending on the user’s device, OS [operating system], version, etc.,” he added.    DEX built on Komodo Constructed on Komodo’s network, AtomicDEX […]

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Celebrities May Have Their Dirty Secrets Exposed if Crypto Ransom is Unpaid

Ransomware group threatens to auction secrets stolen from a law firm specializing in the entertainment industry. The REvil ransomware gang says that they will auction over 1TB of data stolen from New York-based entertainment law firm, Grubman Shire Meiselas & Sacks. This data allegedly contains the “dirtyâ€� secrets of a number of celebrities. REvil claims that the contents involve sex scandals, drugs, and treachery. Nicki Minaj, LeBron James, and Mariah Carey among the alleged victims In a blog post, the ransomware group says they will begin the […]

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Wells Fargo Expects a Stock Market Sell-Off — Bitcoin Price to Follow?

Wells Fargo warned that stocks could sell-off after an amazing recovery, meaning Bitcoin price is also possibly at risk of a sharp correction. Wells Fargo anticipates U.S. corporate pensions will move $35 billion into fixed income. Analysts believe this may cause a sharp sell-off in the stock market and given the correlation between Bitcoin and stocks, this could leave BTC vulnerable for a pullback. KKM Financial managing director Dan Deming also warned that increased volatility in the stock market could lead various risk-on assets to slump. Will […]

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New Bill to Outlaw Encryption Without Gov’t Backdoor in US Senate

A bill that would outlaw end-to-end encryption for technology companies was proposed by three Republican senators; meanwhile, Ava and Cardano would not yield. Three Republican senators introduced a bill to end “warrant-proofâ€� encryption on June 23. It invokes national security as a pretext for requiring device manufacturers and service providers to assist law enforcement by providing access to encrypted data. Pedophiles & national security The Lawful Access to Encrypted Data Act is sponsored by Lindsey Graham (R-SC), Tom Cotton (R-AR) and Marsha Blackburn (R-TN). According to GovTrack, […]

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Someone Has Been on a $200M Crypto Exchange Hacking Spree

CryptoCore reportedly launched a phishing campaign against several crypto exchanges and managed to steal $200 million in two years. A cybercriminal group has allegedly stolen around $200 million from cryptocurrency exchanges over the past two years. In total, they are believed to have hit 10 – 20 victims across the United States, the Middle East, and Asia. According to research by the cybersecurity firm ClearSky, the gang named “CryptoCore,â€� known with other pseudonyms like “Dangerous Passwordâ€� and “Leery Turtle,â€� has been actively targeting crypto firms since 2018 […]

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Beam to Make Its First Move Towards Private DeFi With June 2020 Hard Fork

Beam updates details on its June 28 hard fork, laying out foundations for the firm’s future DeFi offering. Major privacy-oriented cryptocurrency, Beam (BEAM), is making its first official move towards decentralized finance, or DeFi. In anticipation of Beam’s soon-to-come hard fork, the team behind the project updated a number of relevant specifications, paving the way to the so-called “Confidential Defi,â€� Beam announced to Cointelegraph on June 24. Confidential Assets are at the core of Beam’s future DeFi offering Scheduled for June 28, the hard fork will enable […]

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Today’s Shifting Gears Driving Tomorrow’s Mass Crypto Adoption

Three major shifts will lead to crypto and blockchain adoption worldwide, and they have already started reshaping our world. There’s a revolution happening. We’re moving toward a world with a massive reduction in trust in centralized institutions and ways of doing things. There are several concurrent shifts happening right now, including a shift away from centralized governing bodies — encompassing a lack of trust in middlemen, governments and even the authority figures hired to keep us safe — as well as a loss of trust in social […]

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KPMG Introduces Cryptocurrency Management Platform

KPMG has launched a cryptocurrency management platform designed to accelerate institutional crypto adoption. KPMG’s patent-pending tool aims to bridge traditional data and crypto systems, integrating key use cases of cryptocurrency, including custody, wallets, and anti-money laundering (AML) transaction monitoring. KPMG’s Crypto Suite KPMG LLP announced on Monday that it has launched a “New platform [that] addresses global regulatory concerns for strong system controls and processes for crypto and digital assets.” Called KPMG Chain Fusion, the new cryptocurrency platform aims “to help manage crypto and traditional assets over […]

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