Tesla unloaded a big part of its cryptocurrency asset a year after Elon Musk said they will not sell their Bitcoins.
Musk's case was submitted hours after the Delaware Court scheduled a five-day trial commencing on October 17 to decide whether Musk can back out of the agreement.
“Rise,” according to the Second Circuit Court's decision, is too common a word to deserve trademark protection.
Samsung wants to provide clients with a variety of services through these NFTs, including rewards like offline discounts at partner retailers.
Lotte Chilsung is expanding its business and adding vegan drink options through partnerships with startups.
America’s Roundup: Dollar edges higher as traders await U.S. inflation report, Wall ends lower, Gold ticks up, Oil settles lower as halted Russian pipeline flows appear temporary, demand fears rise-August 10th,2022
China arrests money launderers who used digital yuan
China uncovered money laundering activities using similar methods to what they’d try for a debit or credit card scam but adapted for the pilot central bank digital currency (CBDC).
Eleven people allegedly linked to a Cambodian money laundering ring have been arrested with China’s Skynet mass video surveillance being used to track the culprits.
Mu Changchun, the Director-General of China’s central bank Digital Currency Research Institute, revealed that his organization is currently focusing on CBDC security such as enhancing encryption algorithm security, financial information security, data security, and business continuity.
According to Mu, there's an anonymous tier where people can open a wallet with just a phone number.
Hence, it’s probably just as easy for fraudsters to use their usual tactics to hijack legitimate bank accounts and use identity data to open digital wallets with higher thresholds.
A partial solution to the issue is a locally stored face scan or fingerprint to be associated with the wallet.
However, this would preclude prepaid cards, which are needed for inclusion. The risk is fraudsters might resort to kidnapping people and forcing them to scan their faces or fingerprints.