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After an eventful week, we made a good start to the new week as Bitcoin price reached $70,288. With so many developments, it is impossible for investors to follow them all. However, some important developments occurred in the last few days. It might be useful to quickly touch on these.
Qatar and CBDC Trials
Qatar Central Bank (QCB) has completed its infrastructure for blockchain-based financial infrastructure trials for settlements with domestic and international banks. The five-month project will focus on trials in distributed ledger technology and artificial intelligence. Qatari officials, who started examining and researching CBDC in March 2022, are considering its pros and cons.
The United Arab Emirates and Saudi Arabia are among the countries in the region that are already advancing their work on CBDC.
Beware of Google Chrome Extension
AGGR extension was mentioned over the weekend. This extension steals users’ cookies for Binance login and can bypass password and 2fa verification. User information for other exchanges and platforms also goes to attackers. A Chinese trader recently had $1 million stolen from his Binance account due to malicious code in the AGGR application.
Attackers not only withdraw funds directly but also open positions in weak altcoins on the order book to profit. Therefore, investors should use verified and reliable extensions as much as possible.
GameStop Rally
Keith Gill announced on Reddit hours ago that he has GME shares and a buyer position worth $181.4 million. Those who remember 2021 know the events surrounding GME and the roles of Elon Musk and platforms like Reddit and YouTube. GME, which was heavily shorted by large investors, turned into a massive battle with individual investors suddenly taking huge positions in the opposite direction.
In pre-market trading on Robinhood, the GME price increased by 19% in 20 minutes, reaching $27.58. If this hype continues, the crowd of individual investors on Reddit could cause activity in meme coins again.
