In short: Deutsche Bank believes that digital currencies are the future. Wells Fargo partner indicted for crypto fraud


Deutsche Bank believes that digital currencies are the future. The Revolut application expands its range of crypto services, but not in the United States. Gemini Exchange adds BAT token. This and more.


Deutsche Bank believes that digital currencies are the future

Given the global outbreak of the corona virus Deutsche BankThe global banking and financial services company believes digital currencies are the future. Recent banking research suggests that the Covid 19 pandemic will accelerate the adoption and transition to digital currencies.

“”A pathogen requires solutions once in a century. A logical starting point is to accelerate the inevitable shift towards digital money“He shared Deutsche Bank in a Tweet.

In the study, the bank’s researchers highlighted the need for countries around the world to rethink the use of physical cash. when you consider that it is an important source of virus infection. According to Marion Labourne, macro strategist at Deutsche Bankand one of the authors of the study:

The COVID-19 pandemic is accelerating the rise of the central bank’s digital currencies (CBDC) as many governments see cash handling as a potential risk factor. This will likely contribute to the calls to switch to digital money..

Researchers at the German bank join the list of analysts who saw the current crisis as an opportunity for CDBCs, cryptocurrencies and other payment solutions. For Frances Coppola, columnist for CoinDeskCBDCs could be beneficial in crisis scenarios. Others like R. Kiyosaki have recognized the value of assets as being Bitcoin Seek refuge from the global crisis. Analysts like Dan Morehead and Antonopoulos expect the global financial crisis to reevaluate cryptocurrencies by encouraging their use.

Revolut is expanding its crypto offering, but not in the U.S.

The UK-based neobank, Revolutexpands its cryptocurrency buying and selling services through its mobile application. However, at least for the time being, this does not apply to U.S. residents.

As reported Coindesk, Revolut It was planned to expand the cryptocurrency offering later this year. However, the current outlook on corona viruses prompted the project to accelerate. In an email to users, the head of RevolutEdward Cooper noted that growing concerns about the possible economic impact of central bank quantitative easing and currency devaluation had accelerated the move.

The emerging bank, which started operating in 2015, has already accumulated over 10 million customers in the UK and Europe. Revolut Operations introduced with Bitcoin for users in Europe in 2017 and this year raised USD 500 million in a D series. Banking services from Revolut They originally arrived in the US in March of this year, but digital asset operations are not yet available in that country.

Wells Fargo partner indicted for crypto fraud

Victims of suspected crypto fraud are filing a class action lawsuit against a subsidiary of Wells Fargo. According to a report by CoindeskThe Crypto Ponzi program has raised nearly $ 35 million and would be led by a company employee.

The plaintiffs claim that Wells Fargo consultant did not investigate the activities of James Seijas, who acted as financial advisor for Wells Fargo, allegedly cheated 150 investors. According to the lawsuit, Seijas has been running a program called Q3 with two other co-founders since 2017.

Seijas worked as a financial advisor for Wells Fargo consultant for more than five years and would retire in 2019, the store reported. The plaintiffs allege that the company should have reviewed Seijas’ activities under its policy, which requires employees to report activities based on external interests on a regular basis.

Now Wells Fargo consultantas well as Seijas and his partners receive allegations of fraud, negligence and unjust enrichment. Wells Fargo He is also expressly charged with indirect liability.

Microsoft warns that hospitals are vulnerable to Bitcoin ransomware

Huge software company Microsoft warns hospitals that their computer equipment is vulnerable to attack Ransomware. The company says dozens of hospitals in the U.S. are at risk of cyberattacks by hackers who hijack information to request their rescue Bitcoin.

Microsoft released a statement indicating that it works with health organizations to protect them from Ransomware during the pandemic COVID-19. In the report, the software company warned of a popular one Ransomware called human operated REvil (also known as Sodinokibi).

How checked DailyBitcoinThe current pandemic has also led to an increase in cyberattacks, many of which are related to the corona virus itself. However Microsoft He warned that this could be a more dangerous and sophisticated threat that would affect hospitals at this time of special need. A spokesman for Microsoft he said SearchSecurityas checked Bitcoinist::

“”We see not only an increase in typical phishing / malware emails with COVID motifs, but also an increase in attempts to compromise legitimate services such as health and technology providers. Attackers present themselves as these trusted entities that use their services to reach users.

We have seen highly motivated attackers use these man-made security-style vulnerabilities to attack hospitals as well.

Gemini will add a BAT token this Friday

The New York-based custodian and exchange company, Twinswill add Basic attention token (BAT) on its list of cryptocurrencies starting this Friday. BAT is that Token native internet browser BraveThis enables its users to receive crypto rewards for displaying advertisements.

According to the official statement by TwinsBAT trading begins on April 24 at 9:30 a.m. ET. It is the sixth cryptocurrency available on the platform that supports trading Bitcoin, Ethereum, Bitcoin Cash, Litecoin y Zcash. Now BAT will be negotiable with the US dollar BTC and ether.

In September the stock exchange created an institutional depository platform. It started with 18 digital currencies when it was released, including BAT.

Sources: Decrypt, Coindesk, Coindesk, Bitcoinist, Decrypt

Annotation by Hannah Estefanía Pérez / DailyBitcoin

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