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Financial Stability on The Brink of Instability Due to Bigtech Companies

With cryptocurrencies on the rise, the Financial Stability Board suggests governments and regulators to thoroughly monitor the rising trends of BigTech companies developing crypto payment and digital money transmission markets. A recent report published that the FSB spoke on the increase in monitoring BigTech’s involvement in the financial services, as it recognizes its potentiality in … Continue reading Financial Stability on The Brink of Instability Due to Bigtech Companies

Canadian Blockchain Project to Assist Mongolian Nomadic Farmers Fight Income Instability

Convergence.tech, a Toronto-based digital transformation company, has finished a blockchain-powered project aimed at assisting Mongolian nomadic farmers in maximizing returns on their cashmere product.  Betakit reported on Jan. 8 that Convergence.tech deployed an Ethereum-based traceability platform called “Backbone” to assist the cashmere herders in eradicating income instability.  The farmers also face challenges, such as the … Continue reading Canadian Blockchain Project to Assist Mongolian Nomadic Farmers Fight Income Instability

Tables Turn for Japanese Man After Being Convicted for Secretly Installing a Crypto Mining Program

The Tokyo High Court has dismissed the acquittal of a 32-year-old Japanese man who had been let off the hook by the Yokohama District Court in March 2019 after being accused of unlawfully inserting a cryptocurrency mining program dubbed Coinhive. The high court reversed the previous ruling as it found him guilty of secretly inserting … Continue reading Tables Turn for Japanese Man After Being Convicted for Secretly Installing a Crypto Mining Program

Russian Man Charged For Offering $1 Million in Bitcoin to United States Employee to Install Malware in Company’s Network

The Federal Bureau of Investigation (FBI) has arrested a Russian man for trying to recruit an employee of a Nevada-based firm to install malicious software inside the company.  According to the Department of Justice, a 27-year-old Russian citizen, Egor Igorevich Kriuchkov, was arrested on Saturday 22 August. The criminal was charged on Monday 24 August … Continue reading Russian Man Charged For Offering $1 Million in Bitcoin to United States Employee to Install Malware in Company’s Network

Hackers Demand Bitcoin Ransom in Exchange for Unlocking Maltese Instagram User Accounts

Instagram users from Malta were reportedly attacked by hackers. Criminals were demanding that users pay Bitcoin if they wished to have their accounts redeemed. Local media outlet Lovin Malta reported that hackers contacted victims through Instagram chat, casually demanding that they pay Bitcoin if they wished to regain access to their accounts.  At least a … Continue reading Hackers Demand Bitcoin Ransom in Exchange for Unlocking Maltese Instagram User Accounts

Celebrity Kim Kardashian West Posts a Crypto Related Paid Story on Instagram

Celebrity Kim Kardashian West and other famous key opinion leaders have recently joined the cryptocurrency carnival. Over the past two years, cryptocurrencies affairs are getting more popular in the public’s daily life. Many celebrities and influential people have a stronger identity with endorsing cryptocurrency and blockchain projects. Among them, the most well-known billionaire is the CEO … Continue reading Celebrity Kim Kardashian West Posts a Crypto Related Paid Story on Instagram

Twitter & Instagram Reportedly To Launch NFT Collectibles

Twitter and Instagram reportedly develop non-fungible tokens (NFT) feature on its app, a mobile developer reveals. Mobile developer Alessandro Paluzzi released his findings on Twitter Monday, demonstrating potential updates and saying, “Twitter is working to support two new services”, including Chipper Cash and Wealthsimple, but without further elaborations. Last month, Paluzzi indicated that Instagram is working … Continue reading Twitter & Instagram Reportedly To Launch NFT Collectibles

Kardashian's Instagram Cryptocurrency Promotion Irks UK Financial Watchdogs

British financial watchdogs are wary of investors’ cryptocurrency investment risks introduced by well-known influencers like Kim Kardashian West. Kim Kardashian West posted an Ethereum-related network project-related story on her Instagram story with 228 million followers, as reported by Blockchain.News on June 16. In the story she posted, Kim Kardashian West shared a cryptocurrency called “Ethereum … Continue reading Kardashian's Instagram Cryptocurrency Promotion Irks UK Financial Watchdogs

El Salvador Now Ranks Third in Global Bitcoin ATM Installations

Following its adoption of Bitcoin (BTC) as a legal tender, El Salvador is notably moving up the ladder when profiled using metrics that define major Bitcoin hotspots in the world. According to data from Bitcoin ATM Radar, El Salvador now ranks as the third country with the largest number of installed Bitcoin-backed Automated Teller Machines … Continue reading El Salvador Now Ranks Third in Global Bitcoin ATM Installations

Moneygram Partners with Stellar Blockchain Network to Enable Instant Crypto-To-Fiat Settlements Using USDC Stablecoin

MoneyGram International Inc has partnered with the Stellar blockchain network to enable instant money transfers using Circle’s USDC stablecoin. Traditional cross-border payments giant MoneyGram announced on Wednesday, October 6, that it is working with the Stellar Development Foundation to launch the new service. Denelle Dixon, CEO and Executive Director of the Stellar Development Foundation, talked … Continue reading Moneygram Partners with Stellar Blockchain Network to Enable Instant Crypto-To-Fiat Settlements Using USDC Stablecoin

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