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Private firms to join global central bank CBDC project

Several private firms have joined forces to participate in the global mBridge Central Bank Digital Currency (CBDC) MVP project. This collaborative effort signifies a pivotal step forward in advancing the development and implementation of CBDCs on a global scale.

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Several private firms have joined forces to participate in the global mBridge Central Bank Digital Currency (CBDC) MVP project. This collaborative effort signifies a pivotal step forward in advancing the development and implementation of CBDCs on a global scale.

The participation of private enterprises in the mBridge CBDC MVP project underscores the importance of public-private partnerships in driving innovation and fostering collaboration in the digital currency space. By leveraging the expertise and resources of both public and private sectors, the project aims to accelerate the adoption of CBDCs and promote interoperability across different digital currency platforms.

The mBridge CBDC MVP project represents a significant milestone in the evolution of digital currencies, offering a standardized framework for testing and validating CBDC solutions. Through this collaborative initiative, participating firms will have the opportunity to contribute to the development of interoperable CBDC systems that can seamlessly integrate with existing financial infrastructures.

The involvement of private enterprises in the mBridge CBDC MVP project highlights their commitment to supporting the development of CBDCs and driving innovation in the digital currency ecosystem. By working alongside central banks and other stakeholders, these firms aim to play a key role in shaping the future of digital finance.

As the mBridge CBDC MVP project progresses, stakeholders are optimistic about its potential to pave the way for broader adoption of CBDCs and foster greater financial inclusion worldwide. With continued collaboration and cooperation between public and private sectors, the project aims to establish a robust foundation for the next generation of digital currencies.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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