Quick weekly news:
- BANK BACKED: Hauck & Aufhauser, a private German bank, is launching a cryptocurrency fund in January 2021.
- CARBON COPY: Stablecoin pioneer Uphold claims to have launched the first tradable retail carbon token, which represents a certified measure of carbon dioxide.
- DATA LEAK: Australian crypto exchange BTC Markets exposed the personal data of all 270,000 of its users when it sent out mass emails.
Other notable events include:
- Kraken will fund open-source Ethereum development through Gitcoin.
- Cybersecurity specialist Kaspersky foresees a rise in bitcoin scams in 2021.
Open development
Kraken will fund open-source Ethereum development through Gitcoin. In a first for the exchange, Kraken will match up to $150,000 in donations made in Gitcoin’s “Ethereum Infrastructure Tech” category in the eighth round of Gitcoin Grants. Gitcoin maintains an Ethereum-based marketplace to connect developers and donors, crowdfund fundraising and provide opportunities for builders to generate relationships and contribute to projects – all in an attempt to advance open-source tech infrastructure.
Crypto crime
Cybersecurity specialist Kaspersky foresees a rise in bitcoin scams in 2021, according to a new report on coming financial threats. Weakening fiat systems and rising poverty caused by the coronavirus pandemic will drive many to cybercrime. Specifically, researchers say, bitcoin fraud and theft is likely to increase, as it is “the most widespread cryptocurrency.” The report extrapolates on available data from this year. Further, targeted ransomware attacks are also expected to rise, having seen “successful operations and extensive media coverage this year,” though Kaspersky thinks ransomers will begin demanding more payouts in privacy-preserving cryptos like monero.
Also, be sure to check out top altcoin gainers and losers of the week :
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