Brave Browser Users Will Be Able to Tip BAT on Reddit and Vimeo

Brave browser users will soon be able to use Basic Attention Token (BAT) to tip other users on social media platform Reddit and on the video sharing platform Vimeo.

Brave itself hasn’t yet published an official announcement on the rollout of these features, rather Reddit users have spotted that on its developer version for desktops are ’“tip” buttons on Vimeo and Reddit feeds. Browser’s developer version is much less stable than its beta or main versions, as it’s used by developers to test out new features before they’re rolled out to new users.

Moderator on Brave’s subreddit confirmed the company was working on adding tipping options for both platforms, stating:

“The features in our developer preview build make their way into our BETA and then MAIN on a 3-week development cycle, so they’ll be in MAIN soon.”

To remind you how this ecosystem works, the tokens users are by default distributed to websites and content creators, according to the time they spend on their content. Users can, however, change the parameters to allocate specific amounts to specific publishers, keep their tokens, or tip them away. (Positive)

IMF Believes Central Banks May Issue Digital Currencies

The International Monetary Fund (IMF) believes that central banks may issue digital currencies in the future, according to a report by the IMF.

The IMF and World Bank conducted a survey on fintech that solicited answers from financial institutions within all member countries, and has based its conclusions in part upon the 96 received responses.

According to the paper, several central banks in different countries are considering implementing some form of Central Bank Digital Currency (CBDC). Uruguay has reportedly launched a CBDC pilot program already, while the Bahamas, China, Eastern Caribbean Currency Union, Sweden and Ukraine are “on the verge” of testing their systems.

Additionally, a number of central banks have reportedly been conducting research on CBDC’s potential impact on financial stability, the structure of the banking sector, entry of nonbank financial institutions, and monetary policy transmission. (Neutral)

Bitfinex Hack New Twist: Two Arrested in Israel After $1.5M Moved

One of the most prominent crypto cybercrimes in recent years took a dramatic turn on June 23, when two Israeli brothers were arrested in connection with the 2016 Bitfinex hack and other crypto-related phishing attacks.

Just shy of 120,000 Bitcoin (BTC) were stolen in the attack back in 2016, an amount initially worth $72 million, though after Bitcoin’s meteoric rise in the summer of 2019, the value of the stolen funds now amount to around $1.4 billion. Speaking to Finance Magnates, an Israeli police spokesperson said that Eli and Assaf Gigi bagged tens of millions of dollars from their activities. The product of a police raid, the arrests also located a cryptocurrency wallet containing a much smaller sum than the pair are alleged to have stolen.

According to the spokesperson, the duo lured in their victims by creating clone versions of major online crypto exchanges and wallet providers and shared links to them through both Telegram groups and other cryptocurrency-related communities. The Gigi brothers also stand accused of the Bitfinex hack, which also involved identity theft and compromising of several users’ accounts.  (Positive)