China Accelerates Development of Central Bank Digital Currency Amid Economic Uncertainty

China Accelerates Development of Central Bank Digital Currency Amid Economic Uncertainty

The People’s Bank of China (PBoC) has announced that its digital currency is ready for use, according to Mu Changchun, the deputy director of PBoC’s payments division. While no official launch date has been given, the PBoC aims to support the yuan’s circulation and internationalization by replacing notes and coins with a blockchain-based digital currency….

Cybersecurity Concerns Exposed in China’s Smart City Development

Cybersecurity Concerns Exposed in China’s Smart City Development

BEIJING – A recent investigation has uncovered potential privacy concerns in the development of a smart city in China. The city, which has not been named, is part of a larger initiative to create technologically advanced urban centers across the country. The investigation, conducted by a group of cybersecurity experts, found that the city’s network…

Investigations Continue into Dissolved Cryptocurrency Scheme OneCoin

Investigations Continue into Dissolved Cryptocurrency Scheme OneCoin

OneCoin, the cryptocurrency that once aimed to rival Bitcoin, has dissolved into nothingness, but investigations into the company’s activities persist. The company, founded in 2014, claimed to offer a superior alternative to Bitcoin through its use of a proprietary blockchain and mining process. However — OneCoin faced criticism from experts and regulators who pointed out…

22 Crypto ATM-s Confiscated by Russian Authorities

22 Crypto ATM-s Confiscated by Russian Authorities

22 cryptocurrency ATM-s have been seized in Russia by law enforcement officials. ATM-s were located at restaurants and shopping centers in ten different cities. Orders to seize the technology came directly from the Prosecutor’s Office and the Central Bank. All the confiscated automated teller machines were operated by Bbfpro. This company has huge network of…

Beware – Mikrotik Routers Infected With Coinhive Malware

Beware – Mikrotik Routers Infected With Coinhive Malware

This is recent and needs more attention. New cryptojacking alert – allegedly over 170k Mikrotik routers are infected with Coinhive malware, which essentially is a cryptocurrency mining malware. According to computer security researcher Simon Kenin new wave of cryptojacking is taking place at the very moment and it is mostly happening in Brazil, where there…

Syscoin Desktop Client Faced a Trojan Attack

Syscoin Desktop Client Faced a Trojan Attack

Syscoin announced on their Github page that there has been a malicious trojan attack and their project’s official desktop client has been compromised. As written on their Github page, all users who downloaded the Syscoin desktop client sometime between June 09-13 should immediately get rid of the software and take necessary action. It is believed…

FOMO Is Back – Bithumb Hacked, $30 Million Allegedly Gone

FOMO Is Back – Bithumb Hacked, $30 Million Allegedly Gone

Another day, another cryptocurrency exchange hack. Bithumb just notified the world that it has been hacked and over 30 million dollars worth of cryptocurrencies are allegedly stolen from their accounts. 12:49 UTC on June the 19th cryptocurrency exchange Bithumb released a statement that they will be suspending deposits because of a change in wallets with…

20 Million Dollars Hacked From Misconfigured Ethereum Applications

20 Million Dollars Hacked From Misconfigured Ethereum Applications

Chinese cyber-security firm Qihoo 360 Netlab released a statement today where they claimed that a group of criminals had stolen over 20 million dollars worth of Ethereum cryptocurrency from ETH-based applications and also from mining rigs. They believe that the reasons behind the hacks are poorly designed Ethereum apps. In this particular case, poorly designed…

Close Call for Alexander Vinnik – Someone Just Tried to Assassinate Him

Close Call for Alexander Vinnik – Someone Just Tried to Assassinate Him

Alexander Vinnik is one of the criminals behind Mt. Gox hack and and BTC-e money laundering scheme with epic proportions. Just few days ago Greek law enforcement discovered a plot to poison him. Instructions were given to the prison director and the prosecutor of the city of Thessaloniki because of the threat to Vinnik’s life….

Reserve Bank of Zimbabwe Bans All Crypto – Gives Businesses 2 Months Settlement Period

Reserve Bank of Zimbabwe Bans All Crypto – Gives Businesses 2 Months Settlement Period

Zimbabwe’s central bank has told its domestic institutions that it will stop supporting deposits and withdrawals between bank and cryptocurrency exchanges. Reserve Bank of Zimbabwe claims it is done because of ‘safety of Zimbabwe’s financial ecosystem’. Haha-haha. Ha. All Zimbabwean companies have been instructed to stop doing business with cryptocurrency exchanges and crypto businesses in…

Purchases Over 10 Thousand Dollars Are Soon Illegal in Australia

Purchases Over 10 Thousand Dollars Are Soon Illegal in Australia

Aussie government has been fighting this war for a long time now. Their latest idea to increase power is making cash purchases over 10 thousand dollars worth illegal. This means that people who want to buy expensive items have to use electronic banks or cashier checks in the future. Government officials claim it is all…