CryptoWatch gathered all the top news from last week in a round-up to present the key events which took place in the digital assets world for all to gain insight into the present industry. One would be Mastercard's new security focus towards making cryptocurrency trading legitimate and avoiding fraudulent transactions, BNB's return, and North Korean hackers' scams that people should be wary of in their wallets.
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Mastercard and its Crypto Secure Feature for All
Mastercard is one of the most famous credit card brands and financial technology companies in the world, and it is one to promote cryptocurrency use with its services and offers for all. In line with its transition to allow transactions regarding digital coins on its platform, the company launched "Crypto Secure" and centers on an AI tool for all.
The service will help users verify their transactions by cross-referencing it to available data in the blockchain industry for every purchase, trade, or sale that one's Mastercard is engaging with at the time.
It will help avoid scams or any form of digital asset fraud that may lead to paying for fake crypto offers to take place using a person's Mastercard. The new Crypto Secure service will help verify the information and engage with legitimate transactions only.
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BNB's Return After a Massive $570M Loss
The BNB coins have returned, and this is after a lengthy battle for Binance as it lost access to the blockchain coming from a hack that led to its apparent shutdown and loss. The company's famed digital asset lost a massive $570 million after the hack, and the company made it the top priority to restore its name and its coin for the many users that own it.
Access to the coin was made possible through cross-chain bridges that allow the movement of one coin to another, something which is famous for the Binance platform to trade the coins.
According to CNBC, Binance temporarily shut down BNB and its transactions in the platform as it aims to catch the threat actor and better its security in the platform.
North Korea's Crypto Scams, Hackers
The FBI and Treasury Department are now looking into North Korean hackers that are taking job interviews as part of their scam to steal cryptocurrency, from companies in the country. It was said that these applicants have similar cases where they reject turning on their cameras to apply for their jobs, raising red flags along the process.
The speculations say that this is a rising risk among employers and the cryptocurrency industry in the country as these hackers are trying to penetrate the market and run their malicious intent among these companies. Moreover, they are suspected to be from North Korea, one of the most notorious countries that run crypto scams at the present.
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Written by Isaiah Richard
