The Weekly News Round-up: The Latest Developments in Crypto

DAOs and Digital Tokens Open Possibilities for Travel and Tourism

Despite the travel industry being known as full of intermediaries and centralized promotional efforts, the crypto and blockchain space provides decentralized solutions that will give way for new interactions between people and places. These solutions will remove those intermediaries and offer the world of tourism between travelers and citizens. Will this be the rise of crypto-backed travel? Read more

Jack Dorsey is Renaming the Company Square to Block

The former CEO of Twitter and co-founder of the Square company, Jack Dorsey, is now changing the company name Square to Block. This change was announced last Wednesday as the company has grown beyond just offering financial services. It went to major involvement in the music streaming service Tidal, which Block is using to justify its new company name. Read more

Visa Launches Crypto Consulting Services To Help Banks Enter Crypto

The multinational financial services company, Visa, is launching cryptocurrency consulting services that will help banks and merchants adapt to the clients’ growing demand for digital assets. Visa is targeting those financial institutions that are aiming to help customers build a crypto offering that includes NFTs, CBDCs, and crypto-wallets. This smart move will help banks in building their crypto strategy. Read more

Google Files Lawsuit Against Russian Botnet Operators

Google took legal action against a group of Russian hackers in which was claimed as the world’s first lawsuit against a blockchain-enabled botnet. The Glupteba botnet has put approximately 1 million Windows devices globally at risk as they have stolen victims’ data and used the infected machines to mine cryptos. Read more