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Steve Wozniak’s blockchain venture Efforce has listed its cryptocurrency token on the HBTC exchange.

What Happened: Efforce listed the token under the symbol WOZX on Dec. 3. It reached “$950M in the first 13 minutes, 10 times the listing price,” according to a company press release.

The company says investors have given it a valuation of $80 million valuation in private sales.

Fraudsters redirected email and web traffic destined for several cryptocurrency trading platforms over the past week. The attacks were facilitated by scams targeting employees at GoDaddy, the world’s largest domain name registrar, KrebsOnSecurity has learned.

The incident is the latest incursion at GoDaddy that relied on tricking employees into transferring ownership and/or control over targeted domains to fraudsters. In March, a voice phishing scam targeting GoDaddy support employees allowed attackers to assume control over at least a half-dozen domain names, including transaction brokering site escrow.com.

While there’s no launch date yet, the People’s Bank of China is likely to be the first major central bank to issue a digital version of its currency, the yuan, seeking to keep up with — and control of — a rapidly digitizing economy. Trials have been held this year in a handful of cities and tests have started with some e-wallets and online apps, with the Covid-19 pandemic and need for social distancing providing a new sense of urgency. Unlike cryptocurrencies such as Bitcoin, dealing in the digital yuan won’t have any presumption of anonymity, and its value will be as stable as the physical yuan, which will be sticking around too. Behind China’s rush is a desire to manage technological change on its own terms. As one PBOC official put it, currency isn’t only an economic issue, it’s also about sovereignty.

Not all the details are out, but according to new patents registered by the PBOC and official speeches, it could work something like this: Consumers and businesses would download a digital wallet onto their mobile phone and fill it with money from their account at a commercial bank — similar to going to an ATM. They then use that money — dubbed Digital Currency Electronic Payment, or DCEP — like cash to make and receive payments directly with anyone else who also has a digital wallet. Some questions remain, including the impact on Big Tech companies such as Ant Group Co. and Tencent Holdings Ltd. that already offer payment services.

Akon has released detailed plans of Akon City, his $6 billion futuristic cryptocurrency city, which he calls a “real-life Wakanda,” referring to the hit movie Black Panther. There will be seven major districts, and the city will be run on the akoin cryptocurrency.

Senegalese-American star and philanthropist Akon, whose full name is Aliaune Damala Badara Akon Thiam, unveiled Monday some major details of his planned Akon City. The $6 billion futuristic city in Senegal, Africa, will be run on the akoin cryptocurrency.

The city will be divided into seven major districts: the African culture village district, the offices and residential district, the entertainment district, the health and safety district, the education district, the technology district, and the Senewood district.

The United States Internal Revenue Service has announced a bounty of up to $625,000 to anyone who can crack Monero’s privacy.

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First Twitter and now YouTube is under attack by hackers promoting Bitcoin scams through live broadcasts using old Elon Musk speeches and a fake broadcast of the launch that SpaceX and NASA made last week. The hackers appear to have compromised several high-profile YouTube channels and today the account of youtuber Jon Prosser was the object of this attack, his channel is broadcasting with 40 thousand viewers and the attackers have already received around 4 thousand dollars in Bitcoins.

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Last week there were several reports that people who wanted to see the launch of the SpaceX clicked on videos that looked official and that they were posted by seemingly legitimate YouTube channels with hundreds of thousands of subscribers and were found with messages from “Bitcoin giveaway” urging them to send Bitcoin for double cash back, a common scam tactic. Today Jon Prosser reports that something similar is happening on his channel.

Victims included Democratic presidential candidate Joe Biden, former President Barack Obama and Tesla CEO Elon Musk. Accounts for those people, and others, posted tweets asking followers to send bitcoin to a specific anonymous address.

For their efforts, the scammers received over 400 payments in bitcoin, with a total value of $121,000 at Thursday’s exchange rate, according to an analysis of the Bitcoin blockchain performed by Elliptic, a cryptocurrency compliance firm.

Elliptic co-founder Tom Robinson said it’s a low sum for what appears to be a historic hack that Twitter said involved an insider.

Scammers are everywhere now.

The defrauded bitcoin amassed during Wednesday’s monumental Twitter hack is already “on the move,” according to cryptocurrency tracing firm Chainalysis.

Many consumers may have heard of blockchain technology, especially in relation to cryptocurrency. However, they may not be aware of its full potential and impact across industries. Blockchain has the potential to simplify and add greater security to data management, and since its inception, this technology has quietly been changing business processes.

To get further insights, we asked the members of Forbes Technology Council to share some ways blockchain has changed (or will soon change) business. Their best answers are below.

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