Search Results for "digital exploitation"
China’s Major State-Run Commercial Banks Test CBDC Digital Wallet
China’s major state-run banks are testing out its central bank digital currency (CBDC) digital wallet application. The Chinese central bank, having said that its CBDC, also known as digital currency electronic payment (DCEP), is “almost ready,” is finally moving a step closer to its official launch nationwide.
Bank of Japan Testing Digital Yen CBDC
The Bank of Japan (BoJ) has just announced that it will begin experimenting with a Digital Yen, its own Central Bank Digital Currency (CBDC) to test its technical application and feasibility.
DOJ Wants to Bypass End-to-End Encryption to Fight Child Sexual Exploitation – Cause for Concern for Tech?
US government officials want to bypass encryption on websites, under allegations that child sexual exploitation runs unmonitored on strongly encrypted platforms.
South Korean Court Apprehends Crypto Assets of “Nth Room” Ringleader
A South Korean court has frozen 15 cryptocurrency wallets belonging to Cho Ju-bin, the orchestrator of the “Nth Rooms” scandal. It came to the limelight following a national outcry following the sexual exploitation of underage girls by Cho Ju-bin and his team who was named and paraded through the Korean streets to face the public in March.
Walmart Files Patent Introducing Its Own Digital Currency
Walmart has filed a cryptocurrency patent to develop its own U.S dollar-backed digital currency similar to Facebook’s Libra.
eToro CEO: Central Banks will Inevitably Establish Digital Currencies
Yoni Assia, eToro’s CEO, recently weighed in on the issue of Central Bank Digital Currencies. He noted that this matter was no longer an issue of “if,” but of “how and when” because the development of digital currencies by central banks was inevitable.
Facebook Calibra Digital Wallet Gets a New Name – Novi
Facebook has renamed its digital wallet, Calibra, as Novi. Calibra was the digital wallet that the social media giant has been building to access Libra digital currencies. In a blog post, the company explained that the new name was inspired by the Latin words “novus” and “via,” meaning “new” and “way.” The digital wallet company, a subsidiary under Facebook will now be named Novi Financial. As previously reported by Blockchain.News, Libra has abandoned its original plan of a widely accessible permissionless digital currency aimed to solve financial inclusion issues, due to ongoing regulatory backlash.
UN Agency Employs Blockchain to Protect Migrant Workers in Hong Kong From Illegal Fees
Blockchain is being deployed by the International Organization for Migration to curb the exploitation of domestic helpers in Hong Kong by unethical agencies who charge illegal fees.
Analyst Honored for Exposing South Korean Dark Web Crypto Child Pornography and Blackmail Site
Criminal analyst, Kim Reece, has been named as a finalist for the Samuel J. Heyman Service to America Medal for her role in the takedown of the South Korean ‘Nth Room’ child pornography chat rooms hosting the content of Welcome to Video blackmail sex and exploitation site.
US Department of Justice Shuts Down Pornography Site That Sells Child Pornography For Bitcoin
A charge was brought upon a South Korean citizen named Jong Woo Son and other hundreds of individuals in different countries to have been operating the world's largest child sexual exploitation website by volume of content using bitcoin as a means of exchange.
Fidelity Digital Assets Demystifies Common Misconceptions Surrounding Bitcoin
Fidelity Digital Assets, the US-based crypto arm of Fidelity, has taken it upon itself to debunk common misconceptions revolving around Bitcoin.
China's Shenzhen Special Economic Zone Now Supports Digital Currency Research
The Central Committee of the Communist Party of China recently announced that the Shenzhen special economic zone would be supporting research and the promotion of digital currencies.
