Tag "cryptocurrency"
EU Rules on Crypto Assets Transfers Set to Tighten
Last week, Members of the European Parliament (MEPs) voted in favour of stricter rules to combat money laundering and terrorist financing, and evading sanctions in the European Union (EU). Among the three significant pieces of anti-money laundering (AML) legislation adopted
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Wealth Managers Reluctant to Invest in Crypto
Wealth managers around the world are still reluctant to invest in cryptocurrency on behalf of their clients amid concerns over the lack of regulation, the lack of education as well as high volatility, a new study by American asset management
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Hackers Tap Cross-Chain Bridges Vulnerabilities; Whopping US$2B Worth of Crypto Stolen
Hackers and cybercriminals are exploiting vulnerabilities found in cross-chain bridge protocols to siphon billions of dollars worth of cryptocurrencies out of wallets and smart contracts, a new report by blockchain analytics firm Chainalysis claims. A total of 13 separate cross-chain
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New Research Finds Centralization Risks in Public Blockchains, Cryptocurrencies
Despite claims of immutability and decentralization, cryptocurrencies and public blockchains, including Bitcoin and Ethereum, are not quite delivering on their promises and are seeing a concentration of power in the hands of a few players. A new report, commissioned by
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Crypto Companies Put the Brakes on Sports Sponsorship Amid Market Crash
This year’s cryptocurrency crash, which saw the market lose more than half of its value in the span of six months, is threatening to bring sports sponsorship deals to a halt as crypto companies look to cut costs. Sources with
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Social Media Financial Scams Balloon
Around the world, fraudsters are turning to social media platforms like Facebook and Instagram to reach billions of potential victims. As losses continue to pile up, regulators are voicing their concerns, with one going as far as suing a social media
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Global Blockchain Sector Surged in 2021
2021 was a blockbuster year for the global blockchain sector, which saw funding activity surge, trading volumes balloon and further growth in key segments including custodians, exchanges, decentralized finance (DeFi), as well as non-fungible tokens (NFTs) and the metaverse, a
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2 Swiss Startups Make 2022 Top 50 Blockchain and Crypto Companies Ranking
Market intelligence platform CB Insights has released its second edition of The Blockchain 50, an annual ranking of the world’s top 50 most promising blockchain and crypto companies. Two Swiss startups made the 2022 ranking: SEBA Bank and the Solana
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5 Fintech Trends in Latin America
Latin America (LatAm)’s fintech revolution continues its course this year. Investors’ confidence remains high as they continue pouring billions into the space, betting on the prospect of fintech to help improve financial inclusion and bring innovation in the outdated banking
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World Wealth Report 2021 Highlights Booming Wealthtech Sector, Rising Crypto Adoption
The wealth management sector is undergoing a profound transformation on the back of macroeconomic, technological and social shifts. High-net-worth-individuals (HNWIs) are increasingly investing in emerging asset classes, evolving client profiles and behaviors are creating service gaps, and non-traditional players and
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