Report reveals hackers can use compromised Google Cloud accounts to install mining software
The perpetrators frequently acquired access to Cloud accounts through “poor customer security practices” or “weak third-party applications,” according to the study. Google ‘s Cybersecurity Action Team warned in a paper targeted at analyzing threats to Cloud customers that some attackers are mining cryptocurrencies via “poorly setup” accounts. The Google team revealed on Wednesday that crypto […]
DappRadar’s business strategy shifts to a DApp store with native token
Decentralized application (DApp) and nonfungible token (NFT) analytics and portfolio tracking platform DappRadar has announced a decentralized business model shift and the introduction of RADAR, a native governance token. The site, which was launched in 2018, already has over 4 million global members, 600,000 of whom are active on a monthly basis, as well as […]
Bank of Tanzania purportedly makes plans to launch CBDC
According to Bank of Tanzania Governor Florens Luoga, the central bank has “already begun preparations” for a digital shilling (CBDC). Tanzania’s central bank, the Bank of Ta nzania, is apparently intending to launch a central bank digital currency, or CBDC, after neighbouring nations revealed similar plans. According to a Bloomberg story published on Friday, Bank […]
MAS-regulated fund manager Fintonia Group launches two Bitcoin funds
Fintonia Group, a fund manager authorized by the Monetary Authority of Singapore (MAS), has introduced two institutional-grade Bitcoin (BTC) funds. The funds aim to provide simple and secure exposure to Bitcoin for professional investors. Fintonia said on Thursday that two new funds, the Fintonia Bitcoin Physical Fund and the Fintonia Secured Yield Fund , will […]
Bank of England’s chief believes Bitcoin is too volatile to be a legal tender
The Bank of England’s governor Andrew Bailey expressed reservations about El Salvador’s use of Bitcoin (BTC) as legal tender although, the bank of England promotes CBDCs as a “revolution of money.” El Salvador’s plan to use Bitcoin as a currency, according to Bailey, is concerning since consumers are likely to be harmed by the cryptocurrency’s […]