Community

The People’s Bank of China is not going to expand trials of its CBDC to large volume transactions. For now, at least.

Leading Bitcoin sportsbook, Sportsbet, has launched a new community-focused loyalty program, The Clubhouse. The latest program will enhance and bring value to players' experience whenever they plug into its services. By staying true to its vision of pushing borders and bringing new and innovative technology to its community, The Clubhouse is built to break regular stereotypes, especially traditional deposit-based bonuses.

Back in July 2020, CoinIdol, a world blockchain news outlet, received an email from one of its readers that wished to stay anonymous saying one was scammed by a project called PrepayWay. Later on, another reader, Sempiira Joseph Nyagwa claimed he was also scammed by the project runners.

2020 has seen a significant increase in the number of scams related to cryptocurrency. To lure out people’s money, scammers constantly improve their schemes and invent new approaches to look more reliable and trustful.

The USA monetary regulators seem to be quite controversial on cryptocurrency. While some watchdogs remain cautious, if not hostile, others tend to relieve their stance.

YouTube seems to proceed with its Crypto Purge as another blockchain and cryptocurrency channel was blocked for 3 days citing “promotion of illegal activity”. On the other hand, the platform often allows cryptocurrency scams, demonstrating that its security policy has a breach.

Global tech bulls have been partnering with cryptoasset platforms to offer the community with the fringe use cases of DLT. Now, Stellar has also jumped onto the bandwagon as Samsung included the coin in its crypto wallet.

As the community was astounded by the bold hack of prominent Twitter accounts, it revealed the general vulnerability of centralised social media, where all information is kept at one place. It would not be possible to break a decentralized platform that easily.

After PayPal’s letter to the EU Commission was revealed, many news outlets started speculating that the company confirmed their plans on cryptocurrency implementation. However, the letter has no details on any cryptocurrency-related activity except for research, which only proves the company’s interest in cryptocurrency.