Author: Ranjan Yadav

Thinker. Reader. Learner. Writer. Informed. Rebel.

The National Bank of Georgia (NBG) is set to pilot a digital currency project study. Planning to introduce its own CBDC in 2022, NBG Vice President, Papuna Lezhava, has announced Georgia’s CBDC plans. The Georgian monetary authority intends to explore blockchain-based use cases for its Lari fiat currency’s proposed digital variant. NBG wants to facilitate retail sales via the CBDC. The NBG VP states 85% of central banks globally are willing to debut state-issued digital currencies. Per Interfax news agency, Lezhava explained: Some are in the research phase, some are testing, some have already implemented it, including China and the…

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The European Union Agency for Law Enforcement Cooperation (Europol), International Criminal Police Organization (Interpol), and the U.S. Federal Bureau of Investigation (FBI), in a coordinated strike, arrested (on Sept. 28) 2 high-profile ransomware operators. These culprits are alleged of demanding ransom of over EUR 70 million. The authorities in their crackdown managed seizing US$1.3 million in cryptocurrencies. Interpol recently announced the following: Two prolific ransomware operators suspected of carrying out a string of attacks, demanding ransoms of up to EUR 70 million [$81 million], have been arrested in Ukraine. The culprits were caught in “a coordinated strike between the French…

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Pacific Sunwear of California, LLC (or PacSun), the youth fashion clothing and retail brand, now (as of October 5, 2021) accepts cryptocurrencies. Partnering with BitPay’s payment services, PacSun reasons its customer base consists of “very tech-oriented” youths. So, the firm is highly inclined towards developing an “increasing desire towards cryptocurrency.” PacSun is now supporting 11 crypto-asset payments. The PacSun-accepted crypto list includes bitcoin (BTC), bitcoin cash (BCH), ethereum (ETH), wrapped bitcoin (WBTC), dogecoin (DOGE), and litecoin (LTC). Apart from this, 5 U.S. dollar-pegged stablecoins are also accepted by Pacsun. Catering to the Gen Z, PacSun intends to keep up with…

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Live life, win elections, declare wars! DeFi’s first-ever Ertha Metaverse is poised to launch on Binance Smart Chain (BSC). Dear Humanity, this is your chance to architect the world. The BSC-based in-game currency, Ertha Token-powered P2E game offers a near-real life simulation on a large scale. Ertha Land NFTs also form a part of Ertha Metaverse’s currencies, also having a governance model. Players can micromanage their owned companies and countries, to earn rewards. You can multiply your funds in Ertha Token by playing in real world simulation, in a players-driven economy, wars, politics. Why not be an Ertha land owner,…

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AMC Entertainment CEO announces a ‘Huge News’ for Dogecoin Fans. The famous movie theater chain is commencing “crypto payments for gift cards.” AMC’s CEO says now its customers can “buy AMC Theatres digital gift cards … with dogecoin and other cryptocurrency.” First, in August 2021, AMC CEO Adam Aron shared plans to approve Bitcoin as a payment form for “online concession and movie ticket purchases” by Q4 2021. This was then followed by a payment form green signal also for Litecoin, Ethereum, and Bitcoin Cash in early September 2021. Then AMC announced its plans to “figure out how to” develop…

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Brazil’s federal deputy has signalled the nation’s plans to offer official currency recognition to Bitcoin. While being interviewed by local Brazilian media, Aureo Ribeiro stated Brazilians would soon buy real estate, cars, and fast food with Bitcoin. Bill 2.303/15, the cryptocurrency regulating legislation, could give a green signal to using Bitcoin as a legal payments currency, just as El Salvador. So, Bitcoin could be poised to earn a regulated currency regulation for payments in Brazil. As per federal deputy Aureo Ribeiro’s statements, a potential passing of Bill 2.303/15 would garner new retail market crypto use cases to Brazilian crypto holders.…

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Digital assets are being discussed a lot in the U.S. policymaking institutions, lately. The Chairman of the Board of Governors of the Federal Reserve System, Jerome Powell, has nullified intentions of banning cryptocurrencies. In a House Financial Services Committee hearing, Jerome Powell discussed cryptocurrency, stablecoins, and central bank digital currencies (CBDCs). The U.S. lawmakers are finally acknowledging the reality that digital assets are here to stay—for good. Having prepared a “Digital Assets Primer: Only the first inning,” the Bank of America (BoA) Global Research reports that “digital assets are too large to ignore.” BoA states that “digital assets are creating…

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Cryptocurrency exchange (CEX) Coinbase is hacked—6,000 users ended up losing their funds. Listed on the NASDAQ exchange, Coinbase’s hacking instance gave illegitimate customer accounts access to the hackers. The vulnerability exploited by the hackers to avail Coinbase customer accounts’ access is the SMS Account Recovery process. The second-largest CEX, Coinbase states hackers must first know customers’ email addresses, password, and phone number for hacking successfully. Access to customers’ email accounts is also required. Coinbase opines hackers’ access to sensitive customer information could have emanated from the recent “phishing campaigns targeting Coinbase customers.” The other probable reason could be banking trojans,…

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Future of Finance via Société Générale & MakerDAO French investment MNC Société Générale’s subsidiary Société Générale-Forge (SG-Forge) has pitched a proposal to leverage the DeFi protocol MakerDAO. SG-F has published its “Security Tokens Refinancing” MIP6 application for OFH tokens on MakerDAO’s forums—1st October (2021). SG-Forge intends to use the DAI stablecoin for refinancing the “covered bond token.” MakerDAO’s founder Rune Christensen tweeted the following: Société Générale, the third largest bank in France, just made a collateral onboarding application to Maker for 20 million USD. Backed by EUR bonds, proposed by their blockchain subsidiary. https://t.co/hxGEMOIWjyRune Christensen (@RuneKek) September 30, 2021 The said…

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Gamifying blockchain, Axie Infinity fame Sky Mavis’ co-founder Jeff Zirlin has announced in Frank Chaparros’ The Scoop podcast’s 61st episode their plans to launch a decentralized exchange (DEX). Axie Infinity has amassed almost US$2.27 billion in NFT sales (w/ 687,495 traders). Axie Infinity is now the 2nd largest NFT project in sales terms, competing with Opensea. Axie’s axie infinity (AXS) token value rose over 55.4% in recent months. On a year-to-date basis, Axie Infinity’s native token smooth love potion (SLP) rose 98.7% compared to the U.S. dollar. In the podcast, Zirlin states Web3 is transforming Communities to emerge as Economies…

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