Members of East Africa Community Explore Potential Use of CBDC for Alternative Regional Payment System – Fintech Bitcoin News

Six East African states are reportedly set to explore the possibility of using central bank digital currencies (CBDC) as an alternative to their shared payment system. The six countries, which are all members of the East Africa Community (EAC) trading bloc, are hoping this alternative will create a pathway that leads to the attainment of “a single currency for the region by 2024.” The Moribund EAPS The revelations of the EAC’s digital currency plan follow the bloc secretariat’s “consultancy call for a feasibility study” on the planned upgrade of the…

Community members integrate play-to-earn features into Dark Forest game

Players of the decentralized real-time strategy game, Dark Forest, have introduced new and innovative ways of earning cryptocurrency within the virtual ecosystem. The play-to-earn plugin “Broadcast Market” was integrated into the game on May 31, according to a tweet by programmer Blaine Bublitz. The developer noted that Broadcast Market is the first plug-in featuring its own smart contract that directly communicates to Dark Forest. This is the first plugin that has its own smart contract that talks directly to Dark Forest. It allows you to broadcast a planet to receive…

Catena-X Welcomes New Members: Bosch, Ocean Protocol, Fetch.ai

The Catena-X ecosystem thrives based on the unique contributions of its old and new members. Catena-X, an ecosystem coalition of innovative automotive industry stakeholders has welcomed three new members to advance its new frontiers of data sharing in the industry. According to the issued announcement, the new members include Fetch.ai, Bosch, and BigchainDB, representing the Ocean Protocol. Each of these new stakeholders will contribute their unique experiences to help promote the values of the Catena-X ecosystem in general. The Catena-X ecosystem is one of the vital areas in which blockchain…

Japanese Assembly Members Seek to Make Tokyo a 'Cryptocurrency Trading Center' – Economics Bitcoin News

Japan is steadily becoming an area of interest for the cryptocurrency industry, and a politician in the capital city is looking to strengthen the trend. A member of the Tokyo Metropolitan Assembly wants to transform the Japanese capital into a “trading center” for cryptos. Blockchain as a ‘Growth Strategy’ to Create Industry Hub Yuu Ito, the third term assembly member in question, commented about the possibility of bolstering the city’s financial sector by increasing its involvement with the digital asset business. The statement comes after his recent support of economic…

Wallstreetbets Forum Members Targeted by a Crypto Scam That Reportedly Left Over $2M in Losses – News Bitcoin News

The famous Wallstreetbets (WSB) Reddit forum has made headlines again in the cryptocurrency community, but this time around, it’s not because of ban-related topics or endorsements on a digital asset. Some WSB members reportedly fell into a crypto scam which has left people with millions of dollars in losses. Fraudsters Promoted a Fake Coin Named ‘WSB Finance’ According to BNN Bloomberg, a bogus Telegram account named “WallStreetBets – Crypto Pumps” has been offering a fake token called “WSB Finance” that was designed by the WSB team, which is not true.…

FBI Arrests 6 Free Keene Members Operating Cryptocurrency Exchange – Bitcoin News

Six people involved with the Free Keene movement have been arrested and charged for allegedly operating an illegal cryptocurrency exchange business. “They operated their virtual currency exchange business using websites, as well as operating virtual currency ATM machines in New Hampshire,” the U.S. Department of Justice (DOJ) said. FBI Raids Properties and Charges 6 People The DOJ announced this week that it has charged six New Hampshire residents with crimes related to a cryptocurrency exchange business. The Federal Bureau of Investigation (FBI) raided several Keene properties associated with members of…

Europol Arrests 10 Members of a Sim Swapping Criminal Gang That Stole Cryptocurrencies Worth $100 Million – Regulation Bitcoin News

The European law enforcement agency, Europol, has arrested 10 people believed to be members of the criminal gang that stole cryptocurrencies with an estimated value of $100 million. The arrests follow an international investigation into a series of sim swapping attacks that occurred in 2020. According to Europol, this criminal gang had also targeted high-profile victims that are based in the U.S. The Hijacking of Mobile Devices In a statement following the arrests, the law enforcement agency explains that eight members of the gang were nabbed on Feb. 9. The…

Coinsquare exchange adds new board members

Coinsquare, a crypto exchange that has been under the scrutiny of Canadian regulators following allegations of wash trading, said it will be adding two new members to its board of directors. In a Nov. 25 announcement, the exchange said Nicholas Thadaney and Wendy Rudd are joining its board. Thadaney was President of the Toronto Stock Exchange and Rudd is currently a board member for the Canadian Regulatory Technology Association. The new appointments follow a major change in leadership mid-year. In July, CEO Cole Diamond and President Virgile Rostand stepped down…

Coinsquare exchange adds new board members

Coinsquare, a crypto exchange that has been under the scrutiny of Canadian regulators following allegations of wash trading, said it will be adding two new members to its board of directors. In a Nov. 25 announcement, the exchange said Nicholas Thadaney and Wendy Rudd are joining its board. Thadaney was President of the Toronto Stock Exchange and Rudd is currently a board member for the Canadian Regulatory Technology Association. The new appointments follow a major change in leadership mid-year. In July, CEO Cole Diamond and President Virgile Rostand stepped down…

Eight New Members Join Global Open DeFi Alliance Western Arm

The Open DeFi Alliance supported by the Shanghai Science and Technology Committee seen new members with some of the top DeFi protocols forming a consortium that focuses on innovation, risk management, and liquid strategies.  Earlier today, the Open DeFi Alliance announced the launch of the new Western Arm while onboarding eight new members and some of the top DeFi projects in the market. The new members of the DeFi Alliance include some of the notable DeFi projects like BlockScience, Aave, DyDx, Balancer, Outlier Ventures, Ocean Ventures, QuantStamp, and SuperRare. Out…