Weekly Highlights: Crypto News

Are you ready to welcome the weekend? We’ve selected the most interesting news from the world of crypto to make your Friday a little bit brighter!

What’s new on WhiteBIT?

GameCredits listed!

• GAME is joining our exchange;
• GameCredits is an in-game currency for the gaming industry. This digital asset allows users to purchase in-game items easily;
• GameCredits brings a new level of innovation to the gaming experience by allowing gamers to stake their GAME on their favorite games;
• GAME is paired against ETH, with BTC and USDT pairs coming soon;
• you’ve got two weeks of 0% trading fee on GAME!

UCA Coin Listed!

• UCA Coin is joining our exchange;
• the United Crypto Alliance (UCA) was founded to successfully place the UCA Coin, a decentralized payment coin;
• the UCA Coin is held by many different alliance partners around the world;
• UCA is paired against BTC, while USD, RUB, and EUR pairs are coming soon.

Budbo Token Listing & Competition

• Budbo Token is joining our exchange;
• using the Budbo Token(BUBO) as its universal API key, ancillary cannabis industry services, such as testing labs and facilities, are given access to store sensitive data on Budbo’s immutable ledger;
• BUBO is paired against BTC, with ETH and USDT pairs coming soon;
• Budbo competition on WinPlay starts today;
• the prize pool is 100 000 BUBO and you’ve got three weeks to join;
• good luck!

FME Token listed!

• FME is joining our exchange;
• FME is a unique digital asset that has a true utility and large organic community, which translates into genuine and healthy liquidity for its token;
• FME is paired with USDT.

What’s new in the world of crypto?

Libra Hasn’t Abandoned Multi-Currency Stablecoin: Policy Director

• A Libra executive has confirmed the project has not lost sight of its original ambition to launch a multi-currency stablecoin;
• Libra’s original vision in 2019 had been to release one multi-currency stablecoin backed by a basket of up to 30 fiat currencies;
• this was hit with resistance from government officials who were concerned about a private entity challenging their monetary sovereignty;
• in an updated white paper earlier this year, Libra appeared to scale back its ambitions and said it would first create a series of single-currency stablecoins instead;
• Libra was also exploring ways it could make its governance structure closer to a public-private partnership with national governments.

Ride-Hailing Giant DiDi to Trial China’s Central Bank Digital Currency

• DiDi, the Chinese equivalent of Uber, is forming a task force to design and implement a trial of China’s central bank digital currency (CBDC) on its transportation platform;
• it has entered into a strategic partnership with the Digital Currency Research Institute of the People’s Bank of China (PBoC) in an effort to accelerate the application of the CBDC, known as Digital Currency Electronic Payment, or DCEP;
• the partnership is a key milestone in DiDi’s ongoing initiatives to enhance the interconnectivity of online and offline economic sectors in China, as the government seeks to support the development of the real economy sectors with innovative financial services;
• while the details of the rollout are not yet clear, the pilot plan could see one of the first real applications of China’s digital Yuan initiative as Didi touts a reach of over 500 million users in China, offering taxi hailing, private car-hailing, automobile solutions, two-wheelers, logistics, and delivery.

Cardano Foundation Warns About Suspicious Activities in Japan

• The Cardano Foundation warned that a suspicious firm is trying to rake in investments by claiming it has contacts with the foundation;
• on July 9, the foundation stated that someone claiming to be from or contracted by Caribbean crypto exchange BTCNEXT professes to personally know the Cardano core members as a way to reassure that investments will be safe;
• it is unclear whether the claimants are actually connected to BTCNEXT in any way. BTCNEXT did not immediately answer Cointelegraph’s request for comment;
• the Cardano Foundation further advised the community to “beware of any suspicious claims and conduct thorough due diligence”;
• the irreversible nature of cryptocurrency transactions makes crypto assets a popular choice among scammers.

Hacker Group Amassed $7M in Crypto by Selling Stolen Credit Cards

• A hacker gang known as “Keeper” established an interconnected network to steal credit card data from over 570 e-commerce sites;
• according to a July 7 study by threat intelligence firm, Gemini Advisory, the hacker group managed to create 64 attacker domains and 73 exfiltration domains;
• these domains were used to retrieve user credit card data from numerous e-commerce sites located across 55 countries;
• the most affected countries are the United States, the United Kingdom, and the Netherlands;
• the report details that around 184,000 cards were compromised during Keeper’s attacks between July 2018 — April 2019;
• research by cybersecurity firm, Cyble Research Team, revealed that on May 29 that data for more than 80,000 credit cards were put up for sale on the dark web.

Stay tuned for more news!

WhiteBIT Team