Latest Crypto News 

By Newsdesk7

MicroStrategy's founder thinks crypto requires proper supervision to grow more 

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Michael Saylor, the co-founder of MicroStrategy thinks that for the growth of the crypto industry high-profile bankruptcies and price crashes are necessary evils, but the regulations should also be updated. On 3rd February, in an interview with CNBC's Squawk on the Street, Saylor remarked about the potential incoming U.S. crypto regulation, especially after the collapse of FTX.

Cybersecurity firm Check Point has flagged Dingo Token as a "potential scam"! 

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Cybersecurity firm - Check Point's research arm has flagged Dingo Token (DINGO) as a "potential scam" after it discovered a smart contract function which has been used for manipulating transaction fees. In a blog post of 3rd February, CPR (Check Point Research) reported that after observing the code behind the Dingo Smart Contract it had come across a backdoor function called "setTaxFeePercent," which can change the contract’s selling and buying fee by up to 99%.

A Spanish rehabilitation centre has added new services for treating 'crypto trading' addiction

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A rehabilitation centre called 'The Balance' in Spain has added services that are dedicated to a new kind of addiction, which is crypto trading. The centre's main facility is located on the island of Mallorca in Spain, besides that, they have branches in Zurich and London.

China distributed millions of dollars worth of CBDC to boost its adoption

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During the Lunar New Year period, China distributed millions of dollars worth of CBDC across the country to boost its adoption. The Global Times reported on 6th February that about 200 "activities" for the e-CNY were launched in China, and these "activities" were specially done to "promote consumption".