Tagged: Crypto Transactions

Alchemy Pay Introduces Card as a Service for AI Analysis

Alchemy Pay, the fiat-crypto payment service provider, introduces its Card-as-a-Service (CaaS) for AI Analysis, a firm focused on AI, blockchain, and FinTech. This service empowers AI Analysis “to issue customized branded Mastercard AIA cards effortlessly, eliminating the need for managing card infrastructure intricacies. With these… Read More

Paystand, a Blockchain-enabled Commercial Payments Platform, Introduces Paystand.org

Paystand, the blockchain-enabled commercial payments platform, announces the launch of Paystand.org. Paystand.org is the corporate social responsibility (CSR) arm of the financial technology company. The organization will harness the power of “the blockchain and emerging bitcoin circular economies to create financial opportunities within vulnerable and… Read More

KuCard, a Crypto Debit Card, to Support Apple Pay Transactions

KuCard, which claims to be among the first crypto debit cards introduced by KuCoin, a crypto exchange, is bringing its customers Apple Pay, a more secure way to pay. Every Apple Pay purchase is secure because it is “authenticated with Face ID, Touch ID, or… Read More

Financial Crime Report Reveals Bitcoin (BTC) Network’s Growing Role in Laundering of Stolen Crypto

The laundering of “ill-gotten” cryptocurrency exerts a multifaceted impact on global financial and security landscapes, “presenting challenges for businesses, governments, and individuals alike,” according to an update from CertiK. CertiK notes in a blog post that for businesses, particularly those operating within the fintech and… Read More

Targeted Approval Phishing Scams See Significant Growth with $374M “Suspected” Stolen in 2023 – Chainalysis Report

Approval phishing is a scamming tactic that has existed for many years, the Chainalysis team notes. But whereas approval phishing scammers have historically “targeted wide swaths of crypto users through the proliferation of fake crypto apps, romance scammers (also known as pig butchering scammers) appear… Read More

Blockchain Firm Elliptic and CODE to Support AML and Travel Rule Compliance in South Korea

Elliptic – the firm enabling blockchain analytics and data intelligence – and CODE – a South Korean Travel Rule solution provider – have launched a partnership which represents Elliptic’s entrance into the Korean market. The new alliance will help companies in the country ramp up… Read More

European Union Loophole Might Allow Banks to Circumvent ECB’s Crypto Supervision, Banking Professional Claims

European Union rules and guidelines for protecting the financial system from risks due to cryptocurrency transactions reportedly come with a loophole that enables banking institutions to circumvent certain safeguards, and these must be addressed immediately, according to the European Central Bank‘s chief supervisor Andrea Enria…. Read More

Chainalysis Examines Bitcoin Addresses Included in OFAC’s Designation that Were Reportedly Used to Facilitate Illicit Activities

On November 3, 2023, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Russian national Ekaterina Zhdanova for using cryptocurrency “to launder money on behalf of Russian elites, ransomware groups, and other bad actors.” Chainalysis has examined the three Bitcoin… Read More

Bitcoin (BTC) Adoption: Blockstream Introduces Greenlight for Scalable, Non-Custodial Lightning Integration

Blockstream, the global leader in Bitcoin infrastructure technology, has announced the public rollout of its “Lightning-as-a-Service” solution, Greenlight. This launch aims to transform the way developers and enterprise clients worldwide “integrate fast, low-cost bitcoin payments into their software via the Lightning Network.” In the current… Read More

nSure.ai and Justt to Improve Fraud Prevention, Chargeback Management for Gaming, Crypto

nSure.ai, an innovator in AI-driven fraud prevention, and Justt, a firm focused on smart chargeback automation, today announced a new partnership. This collaboration will aim to “provide fraud protection and chargeback management capabilities tailored for high-risk digital transactions in gaming, gift card, and cryptocurrency.” As… Read More

Alchemy Pay Teams Up with Trekki NFT to Extend Functionality of NFT Checkout, Backed by Trip.com

Alchemy Pay, a fiat-crypto payment gateway, has established a partnership with Trekki NFT, and extended the functionality of its NFT Checkout in order “to support and facilitate its minting processes.” These unique NFTs, “bearing a travel theme,” are backed by the global online travel services… Read More

Digital Assets Report: China and Hong Kong Show Unique Breakdowns in Most-Used Crypto Platform Types

Hong Kong sees a larger share of transaction volume “coming in large institutional transactions of $10 million or more compared to other countries in the region — notably mainland China,” according to an update from Chainalysis. On the other end of the spectrum is South… Read More

A US Government Shutdown Could Significantly Impact Bitcoin (BTC), Ethereum (ETH), Broader Financial Markets – Report

As of late, financial markets have been gripped with the reality that the US government may be headed toward a shutdown due to Congress’s “inability to pass the federal appropriations bill for the upcoming fiscal year, which begins on October 1st,” the team at NYDIG… Read More

Chase UK’s Crypto Ban Will Not Prevent Fraudulent Activities, Scams, CoinCover CEO Claims

JPMorgan‘s (NYSE: JPM) UK-based retail bank Chase has reportedly decided to ban crypto-related transactions that are made by its clients, starting from October 16, 2023. This bank says it made the decision because of a significant rise in fraudulent activities and scams. A bank representative… Read More

Stablecoins Now Serve A Key Role in DeFi Protocols, Acting as a Reliable Medium of Exchange Between Crypto Tokens – Report

Stablecoins are digital currencies which are pegged to major (and relatively stable) fiat currencies like the US dollar, Euro, the British pound (among others). Recently, the team at S&P Global provided a deep dive report into valuation and depegging of stablecoins. As explained in the… Read More

Nexo Supports Digital Asset Transactions via Dual Mode Capability, Featuring Debit, Credit Transfers

Nexo, the institution for digital assets, is redefining daily crypto transactions by unveiling the world’s first Dual Mode capability featuring both debit and credit. This strategic enhancement will further enrich the capabilities and user experience of the pioneering Nexo Card, released in 2022 in partnership… Read More

PayPal, Ledger Introduce On-Ramp Integration, Enabling Consumers to Explore Crypto Services

Two of the most “trusted” brands in Web3 and payments integrate in order to help users explore crypto. The teams at PayPal (NASDAQ:PYPL) and Ledger are pleased to announce “an on-ramp integration with PayPal, allowing users to explore crypto in a convenient, simple and secure… Read More

Fintech Banxa Reportedly Becomes First Fiat-to-Crypto On-ramp Supporting 1-Step Apple Pay via MetaMask

From paper to plastic to click – the payments game has evolved substantially as consumer demand for convenience “continues to influence innovation,” according to an update from Banxa. Apple Pay has become “an increasingly popular method to purchase crypto, though many onramps that offer it… Read More

Digital Assets: Bybit P2P Crypto Trading Provides Instant On-Chain Deposits to Clients’ Web3 Wallets

Bybit, which claims to be one of Coingecko’s top-five cryptocurrency exchanges, is pleased to announce that users can now “buy crypto on-chain using Bybit’s peer-to-peer (P2P) trading service.” The P2P enhancement currently “allows for the purchase of USDT using more than 62 fiat currencies, with… Read More

Web3 Adoption: Banxa Partners with Dynamic for Web 3.0 Onboarding, Wallet Transacting

The global financial system is undergoing a fundamental shift, “with embedded crypto playing a major role in the broader adoption of digital assets.” Dynamic is helping to lead this revolution “with the development of its web3-first authentication and authorization platform that harnesses the magic of… Read More

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