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Zebec Network, a Solana-based platform, has launched Zebec Carbon, a crypto debit card powered by Mastercard. The card enables users to spend cryptocurrency wherever Mastercard is accepted, with features like zero fees, privacy protection, and instant activation. Zebec Carbon is marketed as a “zero-fee” card, meaning users do not pay sign-up, monthly, or transaction fees. 🚀 Introducing Zebec Carbon – The world’s first reloadable, zero-fee and fully private crypto debit card. 🔹Reloadable for up to $10K of daily spend 🔹Ready in seconds 🔹Zero fees – 1 USDC = $1 USD 🔹100% Private 🔐 🔹 Powered globally by Mastercard 🌍 🧵👇 pic.twitter.com/aErc2aqQ2K The card converts stablecoins into fiat currency at a 1:1 rate, allowing seamless spending. It supports reloads of up to $1,000 per transaction and a maximum daily spend of $10,000. The card is compatible with Apple Pay and Google Pay. Unlike traditional debit cards, which are linked to a bank account, Zebec Carbon is funded with cryptocurrencies. Users load the card with digital assets, which are converted into spendable currency when making purchases. The company highlights privacy as a key feature, claiming transactions are not linked to personal identities. Crypto debit cards have gained traction as companies explore ways to integrate digital assets into everyday transactions. Zebec claimed that instant approval is available for U.S. residents without ID verification.

Law enforcement in India has arrested five suspects who allegedly duped a businessman out of roughly $700,000 via a fake cryptocurrency trading platform. According to local media , the five suspects, including one woman, were taken into custody following an investigation by the cybercrime wing of Odisha’s Crime Branch. The accused reportedly ran a scam using a bogus trading app called ZAIF, where they promised massive returns of up to 200% on digital currency investments. The trading platform was promoted as being based in Japan. It’s worth noting that ZAIF is the name of a legitimate Japanese cryptocurrency exchange, which suffered a $60 million hack in 2022. However, the platform used in this scam is likely unaffiliated and merely borrowed the name to appear credible. The fraud kicked off when the victim, an Indian businessman, was contacted on Facebook by a woman claiming to be a Hong Kong-based IBM software developer. She gained his trust and convinced him to invest in crypto via ZAIF. Over a month, he transferred more than INR 6 crore (approximately $$699,352) across various accounts controlled by the scammers. As is common in such crypto trading scams, the victim was initially shown fake profits on the platform to build trust. However, when the victim attempted to withdraw gains, the platform demanded an additional INR 89 lakh to unlock the funds — a tactic commonly referred to as an advance fee fraud . Once the victim refused, the scammers vanished, cutting off contact. Police tracked down the suspects through digital trails and banking records. Authorities seized phones, SIM cards, ID documents, and other incriminating materials during a raid. With cryptocurrencies still operating in a grey area , India remains a hotspot for scams and fraud targeting unsuspecting users. Earlier this month, police cracked down on a similar scam that promoted a fake token called RSN and promised 2% daily returns . Losses were estimated to be between $1.14 and $2.29 million.

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PwC Italy and blockchain consultancy SKChain Advisors are developing a digital identity solution for the European Union using blockchain technology. The product, built on the World Mobile Chain, a Layer 3 network on Coinbase’s Base , aims to provide a secure, self-sovereign identity framework that allows users to control their personal data without relying on centralized authorities. The initiative aligns with the European Digital Identity Wallet introduced under the eIDAS 2.0 regulation, which aims to standardize digital identity across the EU , according to a press release shared with crypto.news. PwC Italy and SKChain Advisors have completed a feasibility study to determine the optimal SSI framework and are now moving forward with development. The solution will act as a gateway for users to access both traditional and Web3 platforms. SSI technology is gaining traction as a way to enhance data privacy and security while complying with regulations such as the EU’s Markets in Crypto-Assets framework . According to a company note, the new digital identity product will support authentication, verification, and interactions with digital asset services. This is expected to help enterprises and consumers navigate an increasingly digital economy while ensuring compliance with evolving regulatory standards. “There has been talk for a long time about whether the EU’s digital identity scheme would use blockchain,” Rob Viglione, CEO of Horizen Labs told crypto.news. “The fact this has been confirmed is a positive step forward. The fact it’s using self-sovereign identity technology is also a positive step.” World Mobile Chain, the infrastructure supporting the project, is designed to facilitate blockchain adoption among European businesses. As a Layer 3 protocol on Base, it provides scalability and efficiency for decentralized applications. The digital ID solution will allow companies to implement blockchain-powered identity verification without compromising privacy. Viglione emphasizes the importance of privacy in digital identity systems, stating that: “Users need privacy and security guarantees. Any digital ID scheme should be using zero-knowledge proof technology to ensure data remain ‘usable but invisible.’” The product is expected to streamline digital access across various sectors while giving users greater control over their online identities.