How crypto could be good for CBDC and vice versa: Industry exec explains

be-2@newsletter.paragraph.com (BE) — Fri, 23 Dec 2022 12:36:33 GMT

Cryptocurrencies like Bitcoin

could potentially find some mutually beneficial interactions withcentral bank digital currencies (CBDCs), according to one industry executive.

While crypto is often associated with financial freedom, the concept of CBDC is frequently seen as the exact opposite. But this doesn’t mean that there cannot be a balance between the two, according to Itai Avneri, chief operating officer and deputy CEO of the crypto trading platform INX.

CBDCs and regulated cryptocurrencies could potentially complement each other in the future as the two types of digital currencies have their own benefits, Avneri said in an interview with Cointelegraph on Dec. 22.

Comparing CBDCs to regulated primary offerings, Avneri suggested that allowing or enabling crypto funds to participate in such offerings would be beneficial for both sides. That would specifically expose such financial instruments to a wider audience while also giving crypto investors “comfort and confidence to trade in a regulated environment.”

New NFT private auction scam threatens OpenSea users

be-2@newsletter.paragraph.com (BE) — Fri, 23 Dec 2022 12:35:15 GMT

As nonfungible tokens (NFTs) became more popular, bad actors who constantly try to exploit users within the space have become more active. Now, a new hack involving a feature on the NFT marketplace OpenSea threatens NFT holders through phishing sites.

In an announcement, anti-theft project Harpie warned NFT users of a new hack involving gasless sales on the OpenSea platform. According to Harpie, hackers were able to steal millions in digital assets by exploiting the feature.

When users want to conduct gasless sales within the OpenSea platform, they are required to approve a signature request with an unreadable message. With this feature, users are also able to allowed to create private auctions with unreadable signatures.