Binance DEX Will Geoblock Users From 29 Countries, Including the US

The decentralized exchange (DEX) developed by major cryptocurrency exchange Binance will block access to users based in 29 countries. The DEX informs potential users of the restriction via a message that appears when accessing the platform from one of the regions.

The message appearing on the platform states:

“It seems you are accessing www.binance.org from an IP address belonging to one of the following countries:

USA,

Continue Reading …

Cryptojacking Overtakes Ransomware as Top Malware in Some Countries

Cryptojacking, the unauthorized use of another’s hardware to mine cryptocurrency, has become the biggest cyber threat in many parts of the world, Bloomberg reported Dec. 14.

According to research from cyber security research firm Kaspersky Lab, cryptojacking overtook ransomware as the biggest cybersecurity threat particularly in the Middle East, Turkey, and Africa.

Continue Reading …

State-Issued Digital Currencies: The Countries Which Adopted, Rejected or Researched the Concept

On July 5, Germany rejected the idea of issuing a central bank-issued digital currency (CBDC) — the Ministry of Finance deemed it would be “too risky” to implement one.

The concept of CBDCs, or national digital currencies — the scenario in which the trend of digital currencies gets adopted by a federal regulator,

Continue Reading …