September 10, 2024 @ 10:28 am By JD Alois  |  

Payments platform EBANX is predicting its Pix service will top credit cards for online purchases in Brazil by 2025. According to a company statement, by 2025 Pix will account for 44% of all value transacted in online purchases in Brazil, Credit/Debit cards will are expected… Read More

September 10, 2024 @ 10:15 am By Omar Faridi  |  

The Federal Bureau of Investigations (FBI) has published the 2023 Cryptocurrency Fraud Report. The FBI released its Cryptocurrency Fraud Report for the past year. In 2023, the FBI’s Internet Crime Complaint Center “received more than 69,000 complaints from the public regarding cyber-enabled crime and financial fraud… Read More

September 10, 2024 @ 9:00 am By JD Alois  |  

Paxos and the Arbitrum Foundation say the infrastructure firm will now integrate with Arbitrum, a Layer 2 (L2) scaling solution for Ethereum. According to a company statement, Arbitrum is the first L2 network to connect with Paxos. Paxos is a compliance-first blockchain ecosystem that can… Read More

September 10, 2024 @ 8:25 am By JD Alois  |  

Tether and its dollar-based stablecoin USDT is taking a beating this morning, courtesy of WSJ.com. In a report, the news site hammers Tether as “undermining America’s fight against arms dealers, sanctions busters, and scammers.” Tether is the 3rd most popular crypto in the world, with… Read More

September 10, 2024 @ 7:58 am By JD Alois  |  

European tokenization platform Tokeny says it will now connect DINO to work with 21X a DLT (distributed ledger technology) trading and settlement system (DLT TSS). This is the first platform to operate under the new European Union DLT ecosystem. Tokeny’s DINO is an open distribution… Read More

September 10, 2024 @ 7:25 am By Omar Faridi  |  

BBVA’s institutional and private banking clients in Switzerland, as well as those with a NewGen account, can now manage their USDC funds on the same platform where they handle their traditional investments. They can exchange, custody, or automatically “convert USDC in near real-time into euros,… Read More

September 10, 2024 @ 7:23 am By Omar Faridi  |  

In the world of law enforcement, the ability to seize cryptocurrency has become crucial, according to an extensive update from Chainalysis. As digital currencies play a significant role in criminal activities, the stakes are “higher than ever.” Chainalysis also mentioned that missing even a single… Read More

September 10, 2024 @ 4:32 am By Omar Faridi  |  

Thunes, the Smart Superhighway for money movement around the world, is pleased to welcome OJCS “Commercial Bank Kyrgyzstan | MBANK as a Member of the Thunes Direct Global Network. This collaboration allows MBANK to “connect businesses and individuals in Kyrgyzstan directly to over 7 billion… Read More

September 9, 2024 @ 11:50 pm By Omar Faridi  |  

Rentd is said to be one of the UK’s most innovative full-service lettings platforms. Rentd has acquired 77% (or £349,661) of its £450,001 target via its crowdfunding campaign carried out via Republic Europe. The fundraising effort is closing soon and contributions have been received from… Read More

September 9, 2024 @ 10:01 pm By Omar Faridi  |  

Sumsub has announced that Local Data Processing (LDP) capabilities are now available in the Asia-Pacific (APAC) region, specifically in Singapore, Hong Kong, Indonesia, and the Philippines. This infrastructure reaffirms Sumsub’s dedication to “ensuring data privacy and regional compliance, following the successful launch in the MEA… Read More

September 9, 2024 @ 9:58 pm By Omar Faridi  |  

In August 2024, the total losses from Web3 security incidents were estimated to be around $316 million. According to the SlowMist Hacked Archives, 28 hacking incidents were recorded, resulting in approximately $253 million in losses, with $13.58 million being recovered. The incidents were caused by… Read More

September 9, 2024 @ 9:56 pm By Omar Faridi  |  

Student workers could add thousands of pounds to their pension if the Government presses ahead with the extension of automatic enrolment to 18-year-olds, according to new research from PensionBee, the online pension provider. More than half of full-time students “work an average of 14.5 hours… Read More

September 9, 2024 @ 9:55 pm By Omar Faridi  |  

Konrad Fitzpatrick, a mining analyst at Compass Mining, notes that hash price is a critical metric that bitcoin miners use to measure their current and potential revenue. Compass Mining explains in a blog post that hash price is the “amount of bitcoin a miner can… Read More

September 9, 2024 @ 9:54 pm By Omar Faridi  |  

PwC announces the launch of Beacon, an innovative international tax platform that promises to bring agility, efficiency and speed to tax calculations. As global tax regulations continue to evolve, Beacon is designed “to help multinational organizations navigate the complexities of the OECD’s Pillar Two framework,… Read More

September 9, 2024 @ 9:52 pm By Omar Faridi  |  

The release of Deloitte Private’s second report in its Family Office Insights Series – Global Edition, Defining the Family Office landscape, outlines the world of family offices—”what they are, how they’re growing, their future outlook, and more.” As family offices continue rapid global expansion, Deloitte… Read More

September 9, 2024 @ 9:22 pm By Michael Wong  |  

The joint Taskforce on SME Lending, established by the Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks (HKAB), recently held its inaugural meeting attended by representatives from the HKMA, HKAB, and 14 banks actively involved in lending to small and medium-sized… Read More

September 9, 2024 @ 8:22 pm By Omar Faridi  |  

The payment landscape has evolved at an exponential rate over the past decade, with many payment methods rising to become some of the most used solutions across retail, eCommerce, B2B (Business-to-Business), and P2P (Peer-to-Peer) scenarios. This, according to an update from Juniper Research. Juniper Research… Read More

September 9, 2024 @ 7:22 pm By Omar Faridi  |  

The landscape of Layer–1 blockchains has evolved significantly in recent years. Networks like Bitcoin, Ethereum and Solana form the backbone of the cryptocurrency ecosystem, each offering unique approaches to scalability, security, and decentralization. This, according to a report from Coin Metrics. Coin Metrics pointed out… Read More

September 9, 2024 @ 4:07 pm By JD Alois  |  

House Financial Services Committee Republicans have issued a statement on their efforts to “combat the economic threat from the Chinese Communist Party.” China has become more jingoist under the leadership of  President Xi Jinping. The Chairman of the CCP has sought to curtail economic freedom… Read More

September 9, 2024 @ 3:49 pm By JD Alois  |  

The North American Securities Administrators Association (NASAA) says it has reached a settlement with GSB Gold Standard Corporation AG (GS Partners or GSB Group), a Fintech and banking firm that allegedly solicited more than 800,000 investors around the world to participate in investments including digital… Read More