Tagged: cryptocurrencies

Cryptocurrencies, NFTs More Trusted to Deliver Top 2022 Returns: Survey

    Bitcoin, other cryptocurrencies and NFTs are more trusted than stocks to give investors better returns in 2022, suggests a poll of close to 6,000 people on business networking site LinkedIn. The poll, conducted over the past two weeks, finds 30 per cent of… Read More

Cash More Popular for Illegal Activity Than Crypto: Industry Watcher

While the dollar values of cryptocurrencies associated with fraud and other illegal activities continues to row, it is important to keep those numbers in context, one industry watcher cautions. As cryptocurrency-based transaction volumes surge, the amounts associated with illegal activity are naturally going to grow…. Read More

Fraudsters Will Adapt in 2022: Here’s How, Says Feedzai SVP

Fraudsters are changing with the times, and Feedzai SVP of product management Andy Renshaw recently shared his thoughts on how they will behave in 2022. For starters, they’ll be more patient, Renshaw believes. Many online security measures are serving their purpose and eliminating the low-hanging… Read More

Bitcoin #1 on Social Media’s Top 10 Most Popular Cryptocurrencies List

There was no surprises at the top when GlobalData released the top 10 cryptocurrencies for 2021 in terms of how many social media conversations they generated through the year, up to Dec. 9. Twitter and Reddit feeds were monitored. Bitcoin generated close to 900,000 discussions… Read More

Forter President Liron Damri’s 3 Biggest Factors That Will Shape E-Commerce in 2022

As 2022 looms for the e-commerce industry, it will be shaped by several key factors, Forter president Liron Damri believes. He said regulation will play an even more significant role than it has in the past, especially for companies dealing with the European Economic Area… Read More

CBDCs or Central Bank Digital Currencies May Completely Transform Global Economy: Report

Payments are faster and easier than ever before, the Chainalysis team writes in a blog post. As taps and texts continue to overtake cash and checks, they’re “increasingly digital, too,” the Chainalysis team adds while noting that thanks to the blockchain or distributed ledger tech… Read More

Blockchain Company Merkle Science Announces Expansion, Expands Leadership Team

Predictive blockchain monitoring and investigative platform Merkle Science today announced accelerated global expansion with a major focus on the United States. The process will be led by former U.S. Attorney Mary Beth Buchanan, who was named president, Americas and global chief legal officer. “This is an… Read More

Venmo to allow automated crypto purchases through credit cashbacks

Users of Venmo, a mobile payments app owned by PayPal Inc, can now automatically buy cryptocurrencies through cashback earned from their Venmo credit cards. Venmo has launched this new feature that could boost crypto purchases among young users. However, unless users make regular and frequent… Read More

Cryptocurrencies Raises Fears Among Compliance Pros: Survey

Cryptocurrencies and other emerging financial technologies raise concerns with sanctions and compliance professionals, the results of a new survey by the International Compliance Association suggest. Almost half (46 percent) of respondents believe greater training and education is needed around crypto/digital currencies and emerging financial technologies… Read More

Quant Strategies on Rise as Post-Pandemic Optimism Grows

New research with 100 leading hedge fund managers reveals widespread enthusiasm for quant strategies, SIGTech COO Andrew Little said. Collectively, the hedge fund managers surveyed manage over $231 billion in AUM across European, Asian and North American markets. Eighty per cent expect institutional investors to… Read More

Vietnam to carry out a pilot to study crypto’s role in creating digital govt

Vietnam is the latest among smaller nations to have joined the crypto bandwagon as the country is developing a strategy towards having a digital government. In the last few weeks, countries such as El Salvador, Portugal, and Philipinnes have introduced regulations around cryptocurrencies. Vietnam’s Prime… Read More

Indian Officials Say they have “Major Concerns” Regarding Cryptos like Bitcoin, Authorities May Require Disclosing Crypto Earnings

Local sources in India have commented on why the government may want residents to disclose their digital currency holdings. Industry professionals in the country have pointed out that the Indian corporate affairs ministry could be looking for disclosures from firms in order to get a… Read More

Crypto Transactions have AML Capabilities that are Almost Impossible to Replicate in Traditional Investigations: CipherTrace

Blockchain security firm CipherTrace notes that during her confirmation hearing on January 19, Dr. Janet Yellen, US President Joe Biden’s pick for Secretary of the Treasury, had said that “many” virtual currencies remain “a particular concern” when it comes to terrorism and criminal financing (and… Read More

Chainalysis Explains Why Authorities Must Look Beyond Direct Counterparties to Understand Risks Associated with Crypto Addresses

Chainalysis, a leading blockchain research firm, says that the best way to assess or determine the risk of a virtual currency address or group of associated addresses (e.g., like a wallet) is to analyze all the other addresses with which it has conducted transactions. According… Read More

Nash, a Fast and User-Friendly Decentralized Financial Services Platform, Introduces Easy Way to Accept Digital Asset Payments

The digital commerce sector is on track to surpass $4.6 trillion globally within the next two years, according to an update shared with Crowdfund Insider. Amazon, Walmart, and Costco alone are expected to generate sales and revenue valued at around $1 trillion during 2020. As… Read More

The EU has Fallen Behind on FATF’s Timelines, including Adopting Rules for Virtual Asset Service Providers, Elsa Madrolle from CoolBitX Claims

The Financial Action Task Force (FATF), an intergovernmental organization that develops policies to combat money laundering and terrorism financing, recently concluded its year long review of its Travel Rule standards for virtual asset service providers (VASPs). The FATF confirmed that it will be extending its… Read More

Reserve Bank of India is Planning to Submit a Review Petition on Supreme Court’s Ruling to Lift Ban on Cryptocurrency Transactions

The Reserve Bank of India (RBI), the nation’s central bank, is getting ready to submit a review petition on the Supreme Court’s recent ruling regarding cryptocurrency transactions. According to the Economic Times, which cited sources familiar with the matter, the RBI is concerned the Court’s… Read More

Wikipedia Co-founder Jimmy Wales Believes Cryptocurrencies and Blockchain Tech Cannot Add Anything Useful to the Online Encyclopedia

Jimmy Wales, co-founder of Wikipedia, noted on February 21 that he has not been able to identify any practical use-cases for cryptocurrencies or blockchain technology as far as Wikipedia’s development and maintenance is concerned. Wales, whose comments came during the recent CoinGeek Conference (held in… Read More

Israeli Banks Must Not Deny Financial Services to Firms Dealing in Crypto-Asssets, Says Israeli Attorney General

Israeli banks and other financial institutions in the country must not deny banking services to companies dealing in crypto-assets, Avichai Mandelblit, Israel’s attorney general, recently stated. Instead of denying banking services to crypto and blockchain startups, traditional financial service providers must carefully look into each… Read More

Christian Catalini: Co-Creator of Libra Explains How the Facebook-led Project Aims to Enable Financial Inclusion

Christian Catalini, co-creator of the Facebook-led Libra payment system and head economist at Calibra, a subsidiary of the social media giant that’s focused on developing a digital wallet for Libra, says he’d been doing research in the cryptocurrency and blockchain space for many years before… Read More

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