Lithuania to Launch CBDC This Month — Intended for Collection Purposes, Not Trade

The Bank of Lithuania, or BoL, will launch a pre-sale of its CBDC, dubbed LBCOIN, on July 9, a representative for the central bank told Cointelegraph. The coin itself will be issued and sold on July 23. While LBCOIN is technically a CBDC based on the NEM blockchain and issued by the central bank of Lithuania, the financial institution prefers to call it “the world’s first blockchain-based digital collector coin”. Indeed, LBCOINs will be issued for collectible purposes. This is happening as part of the country’s larger research on blockchain…

Cardano’s ‘Shelley’ Mainnet to Launch Soon

Cardano (ADA) is upgrading from “Byron” over to “Shelley”. According to an announcement from the project: “We’ve been successfully running node v 1.14.2 on the Shelley public testnet for over a week now. And we can confirm that we’ll deploy the new node to the Cardano mainnet… today, 30th June as per the first date in the rollout plan.” Shelley offers greater decentralization and lays the groundwork for Goguen, which will introduce smart contracts. The Shelley version of Daedalus wallet has been released as well. This story is currently developing.…

Kyber Network Sets Date for Launch of Katalyst Protocol Upgrade

On-chain liquidity protocol Kyber announced on June 29 that a major upgrade of Katalyst protocol will go live on July 7, 2020. The upgrade includes changes to the Kyber Network Crystal (KNC) token model to attract more participants to the development of the protocol. According to the announcement, Katalyst aims to reduce friction in liquidity contributions, introduce rebates for high-performing reserves, and allow decentralized apps to integrate with the Kyber network by adding a custom spread. Participating in governance Among the features included in the upgrade is the launch of…

Latest Eth 2.0 Testnet on Track for June Launch

The latest Ethereum 2.0 testnet iteration, Altona, is scheduled to release on Monday, June 29. As discussed in the Eth 2.0 developers call on June 25, the new testnet is “basically ready to go” and is only being delayed to ensure all developers are on hand during the launch. Afri Schoedon, a developer who coordinated all previous testnet launches, explained that a minimum number of deposits was reached to jumpstart Altona.  Irregularities in some deposits created “a situation where […] we technically had a genesis event,” Schoedon said. The developers…

North Korean Hackers to Launch a Global COVID-19 Phishing Campaign

A study by cybersecurity vendor, Cyfirma, warned about a massive phishing campaign that will be launched by the North Korean hacker group, Lazarus, on June 21. The campaign will allegedly target six nations and over 5 million businesses and individuals. According to the report published on June 18, Lazarus will subject Singapore, Japan, India, the United Kingdom, South Korea, and the United States to a massive phishing campaign. Hackers will reportedly attempt to take advantage of people receiving payments established by several countries in an attempt to mitigate the COVID-19…

Growing Excitement as New Projects Launch

Australia is experiencing a decentralized finance (DeFi) boom, playing host to some of the most talked-about projects in the space. They include longtime DeFi leader Synthetix (SNX), along with the up-and-coming Thorchain (RUNE) along with the just-launched Ren (REN) and mSTABLE (META). RUNE has increased 167% in the past 30 days, REN is up 36% (mostly in the past week),  and SNX is up 35% — and 2,600% since its lows prior to launching last year.  “I think the fact that Australia is punching way above its weight in DeFi…

Civic to Launch Vaccination-Proofing Tool on Apple & Google App Stores

Civic Technologies, a San Francisco-based innovator in digital identity solutions, announced on June 16 that its Civic Wallet is now available in the App Store and Google Play.  Civic Wallet has also formed a partnership with Circle Medical, a San Francisco hospital. Together, they will act as a Covid-19 vaccination-proofing tool for Circle Medical’s employees.  Five hundred Circle Medical employees will be able to test for Covid-19 at a Circle Medical testing site located in the San Francisco Bay Area. They state that new locations will be added in the…

BlackBerry Partners With Intel to Launch a Cryptojacking Detection System

Software company and former smartphone manufacturer, BlackBerry, has partnered with Intel to launch a crypto mining and cryptojacking detection system for Intel-based commercial computers. According to the announcement, BlackBerry released “BlackBerry Optics v2.5.1100”, which relies on the BlackBerry Optics Context Analysis Engine, or CAE, to leverage CPU telemetry from Intel Threat Detection Technology to provide enterprises with advanced malware software. This software’s main purpose is to detect cryptojacking attempts. Works on Windows 10 As there is virtually no processor impact, organizations could use the software to mitigate and detect such…

Binance to Launch UK Trading Platform for Institutional and Retail Investors

Leading cryptocurrency exchange Binance will be expanding to the United Kingdom with a regulated crypto trading platform for both institutional and retail investors.  With this platform, Binance aims to tap the institutional investment market and meet the rising demand for digital asset investments in this sphere.  Binance is reportedly reviewing 65 digital assets that it plans to list on the exchange at launch. Investors will be able to trade these assets directly against pounds and euros, Reuters reported. Being a regulated exchange, Binance’s trading platform will function under the supervision…

UK Watchdogs Launch Ad-Scam Alert System to Crack Down on Online Fraud

The United Kingdom Advertising Standards Authority (ASA) and the Internet Advertising Office (IAB) launched a new system on June 16 to detect and remove online fraud ads. According to the Telegraph, the system will allow people to report fraudulent ads, especially those that appear in paid-for spaces. One of the main motivations behind the alert system is ongoing concerns about the rise in ad scams that are mainly related to crypto-related fraud, said both authorities. Increasing concerns on the surge of crypto-related scams The ASA quoted figures released by the…