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A fake digital currency wallet Scam that mimics e-CNY, the Central Bank digital currency ( CBDC ) of China , is being shared across the country’s app stores, according to the Chinese Ministry of Industry and Information Technology.  The Chinese government warned social media users of a fake variation of the ‘Digital Yuan Test Version’ being listed on app stores.  The fake wallet reportedly uses ‘dividends’ to manipulate users into sharing the app while also directing them to ‘uncommon social tools’ capable of seizing user funds.  The app copies the e-CNY app’s logo, color scheme, and user interface but differs in its package name and version number. The government’s statement didn’t disclose exactly which app store the scam wallet is being listed on. The fake app (bottom) pictured with the legitimate e-CNY one. Authorities reportedly warned users to be wary of fake apps that rely on patriotism and use get-rich-quick messaging to lur...

Multinational banking giant Standard Chartered has begun offering exchange services for the digital yuan, helping to integrate China’s CBDC into the global financial system. Standard Chartered, a major multinational bank, has recently entered the growing realm of digital currencies by providing exchange services for China’s central bank digital currency (CBDC), the digital yuan. This strategic move aligns the bank with the evolving landscape of global finance, particularly in embracing a state-backed digital currency. Collaborating with City Bank Clearing Services, Standard Chartered’s chinese division is facilitating access to the digital yuan’s interconnection platform. This service encompasses both the recharge and redemption functions, enhancing customer interaction with this novel digital currency. You might also like: Standard Chartered predicts Bitcoin’s future value China’s digital yuan, also known as e-CNY, has been a front-runner in the...

Web3 provides creative freedom for content creators by giving deeper access and involvement to their audiences. The entertainment industry rarely sees a dull moment when it comes to disputes over the ownership of intellectual property or creative rifts between big networks and showrunners. A tiny number of studios and networks own the majority of rights, leading to the mass production of films and TV shows that somehow feel the same. Web3 aims to change that by giving the power back to content creators and fans. “In Hollywood, there’s a formula,” explained Jason Neubauer, the founder and CEO of Affect Change. “People have their own agendas. I wanted to create stories that are authentic, and inspire others to become the best version of themselves.” Neubauer said that, before the Web3 era, producing a TV show would require signing a deal with big networks, which involves a lot of compromises on the creators’ end. Mimicking a network executive, he revealed the mindset of big networks: “W...

The history of mining reflects the ongoing evolution of technology and human ingenuity in the pursuit of extracting valuable resources from the earth. Mining is the process of extracting valuable minerals, metals and other resources from the earth. This may entail extracting minerals from underground deposits or from the earth’s surface. The minerals and resources extracted through Mining are used for a wide range of purposes, including energy production, construction and manufacturing. Mining can take many forms, including underground mining, surface mining and placer mining. The specific method used depends on the type of resource being extracted and the location of the deposit. Moreover, the mining process typically involves several stages, including: Exploration: To locate a deposit. Extraction: To remove the minerals or resources. Processing: To extract the valuable components. Reclamation: To restore the site to its original state. Mining can have a variety of effects on the env...