Payments giant Visa has issued a statement saying the company has officially launched a global crypto advisory service for financial institutions designed to help them grow their crypto businesses, advise banks on their crypto strategy and execution, and help them build dedicated crypto teams," said Cuy Sheffield, head of crypto at Visa. play a key role in building a bridge between the crypto ecosystem and that every bank should have a crypto strategy." Cuy Sheffield sees a turning point in the financial markets over the past nine months as banks begin to realize that their consumers want to use cryptocurrencies, while at the same time banks are trying to figure out how to better service crypto businesses like exchanges and wallets.

Dec. 8 (Bloomberg) -- Financial Reform and Demand Progress and the Open Markets Institute are calling on the U.S. Department of Justice and other regulators to investigate the Novi digital wallet launched by Meta (Facebook) to see if Meta is accepting deposits without a banking license approved by the Office of the Comptroller of the Currency. 

Upbit, a Korean virtual currency trading platform, said it will open a 24-hour call center dedicated to telephone financial fraud, disclosing major crime examples and victimization prevention codes. Upbit has also disclosed the means of changing outgoing numbers, intercepting calls, and remote control hacking of smartphones used in recent cases of virtual asset-related crimes, as well as the corresponding prevention guidelines.

Dec. 8， RBI deputy governor Sankar said work on two types of central bank digital currency is underway, the central bank digital currency will be an electronic version of paper money, and the main challenge facing the central bank digital currency is digital fraud . 

Nov. 12,U.S. cybersecurity firm Kaspersky's investigation into the leak of the private keys of margin trading lending platform bZx found that the phishing attack against bZx was likely carried out by the Lazarus (Bluenoroff Advanced Persistent Group) group, which has a long history of attacking financial institutions and cryptocurrency currency exchanges, has close ties to North Korea, and is known as a state-sponsored hacking group. The Kaspersky investigation analyzed a number of attacks conducted by Lazarus in 2017, 2019 and 2020 and found similarities between the phishing emails for that private key incident and the tools used in previous attacks. In previous news, on November 5, the private keys deployed by the margin trading lending platform bZx at Polygon and BSC were compromised, resulting in the theft of more than $55 million in funds, in a phishing attack that targeted bZx developers.

 

Nov. 12,An anonymous investor has proposed to acquire 51 percent of the shares of bankrupt South African crypto investment firm Africrypt for $5 million. However, in exchange for the offer, the investor wants the plaintiff to drop all criminal proceedings against Africrypt's directors. According to Moneyweb, creditors of South African crypto investment platform Africrypt will vote on the compromise on Nov. 12, 2021. However, it will only become a court order if it is supported by 75% of the creditor group. This comes after the company collapsed when two of its young directors, Raees and Amir Cajee, reported a breach of the company's systems. Shortly after claiming that Africrypt had been hacked, Cajees disappeared with his investors' money, and Africrypt's investors therefore filed a legal action against the two directors. As part of the compromise offered to the creditors, the investor will pay $4 million to cover the creditors' claims against Africrypt. The remaining $1 million will be used to boost the company's working capital. In addition to trying to save Africrypt and protect two directors from possible criminal prosecution, the investor has proposed hiring the Cajee brothers and appointing liquidator Eugene Januarie to Africrypt's board of directors.

Nov. 12,Transcrypts, a blockchain-based document security services company, has announced a formal partnership with Doctors Without Borders (DWB), which had earlier begun on Oct. 14. Through the partnership, they have uploaded 6,500 immunization records to the blockchain, with the goal of reaching 76,000 by 2022. Most of the recorded immunizations are for the COVID19 vaccine, but the company says the ultimate goal is to store all patients' medical records on the blockchain, which can be accessed through the patient's cell phone. Note: Founded in Paris on Dec. 20, 1971, Doctors Without Borders is an international medical humanitarian organization of medical professionals from various countries, and is one of the largest independent humanitarian medical relief organizations in the world. The organization is funded primarily by private donations.

Nov. 12，The Ethereal Domain Name Service (ENS) set a new record for .eth domain name registrations on Tuesday, reaching 7,057, more than twice the previous high, according to data provided by Dune Analytics. Despite the fact that the number of airdrops was set on Oct. 31, .eth domain registrations continued to reach a new high yesterday with 7,125. CoinGecko data shows that ENS is currently at $53.76, down 30.4% in 24 hours, with a market cap approaching $1 billion. 

Peter Golder, chief commercial officer of Swiss digital asset exchange SIX Digital Exchange (SDX), said at the Singapore Fintech Festival on November 12 that 10% of global GDP will be tokenized by 2027. He outlined four asset classes on SDX's roadmap: tokenized bonds, cryptocurrencies, private company equity and ESG financing. in September, SDX was granted an exchange and central securities depository license by Swiss regulator FINMA. golder predicted the crypto industry will keep growing through 2022, and he believes many of the ideas will become more institutionalized. Institutions have yet to enter the crypto industry in a big way, and 2022 promises to be a year of change.

Nov. 12， According to an article published in Fortune by Singapore's Wufoo Capital CEO George Ng, there are still four major risks associated with the inclusion of digital cryptocurrencies in investment portfolios, namely: price volatility risk, regulatory risk, security risk and risk of being less friendly to the environment.