Despite warning against cryptocurrencies, the International Monetary Fund (IMF) has pointed out that digital assets could be useful replacements for traditional financial instruments. According to a blog post, some cryptocurrencies and central bank digital currencies (CBDCs) may be more energy-efficient payment methods than credit and debit cards. The IMF disclosed ...
Read moreDetailsAccording to a Pentagon-commissioned assessment, the blockchain is not decentralized, can be attacked, and uses out-of-date software. According to the report tagged; "Are Blockchains Decentralized, Unintended Centralities in Distributed Ledgers?", a fraction of participants may exert centralized control over the entire blockchain system. The findings obtained from the report are ...
Read moreDetailsAccording to a South China Morning Post report, China's non-fungible token (NFT) business has released a "self-discipline initiative" that guarantees identification checks for users, adherence to the country's cryptocurrency prohibition, and a promise to not develop secondary marketplaces to counter speculation. The 14-article document published last week by the China ...
Read moreDetailsThe British Army lost its Twitter and YouTube accounts to hackers that promoted crypto and NFT scams on their pages. As a result of the incident, the United Kingdom Defense Ministry announced to the public that they were aware of the hack and investigation was on its way. “We are ...
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