The developers of the Revoke app reported a new type of fraud
The developers of Revoke, an app used to manage transactions, have reported a new type of "fake approval" fraud. Attackers started sending fake tokens to project users. In the Revoke interface, users had to confirm these tokens. A smart coin contract was created with a huge fee to cancel the ...
The UAE is gradually becoming a prominent Bitcoin mining centre in the Middle East
The United Arab Emirates is gradually becoming a well-known Bitcoin mining centre in the Middle East. The country has become an attractive destination for cryptocurrency business, with over 30 free economic zones and increasing participation in Bitcoin mining activities. It all started when ...
Twitter users can purchase NFT via a Chrome browser extension
NFT Inspect and fintech company MoonPay have joined forces to enable users of Twitter (a recognised extremist organisation and banned in Russia) to purchase NFT and cryptocurrencies directly through a Chrome browser extension. This alliance underscores their common goal of promoting the use of ...
Bitcoin bribes are on the rise in Taiwan
Taiwan's Ministry of Justice has reported an increase in the use of Bitcoin for bribes. Cash is no longer the only form of payment in corruption cases; Bitcoin, Ethereum and other digital currencies are gaining popularity among corrupt individuals. Authorities have expressed concern that these ...
Mastercard developed a modern AI tool to help banks
International payment system Mastercard has developed an advanced artificial intelligence (AI) tool to help banks prevent payment fraud in real time before any financial transactions take place. Consumer Fraud Risk, which was announced on July 5, uses multi-year transaction data collected through ...
Twitter Payments LLC received a licence to introduce payments in three US states
Twitter Payments LLC (the social network is blocked in Russia), a subsidiary of Twitter social network Elon Musk, has been licensed to introduce payments in three US states. Regulators in Michigan, New Hampshire and Missouri have given the green light to an app that brings Twitter closer to ...
Circle explores the possibility of issuing stablecoins in Japan
Jeremy Ellair, CEO of Circle, mentioned Japanese laws recognising stablecoins as digital money. He added that the company is considering issuing stablecoins in Japan. The chief executive called the law an important step by the government and financial regulators in Japan, which was one of the first ...
Police Service of Canada warned the public about cryptocurrency scammers
The Calgary (Canada) Police Service has warned the public about cryptocurrency scammers posing as law enforcement officers and demanding payment in bitcoins. Cases have been reported in which the perpetrator posed as a family member of the victim who was allegedly detained and then demanded ...