Search
Threat of Nested Exchanges and What Binance Is Doing to Combat Them
13.12.2021
Nested exchanges are becoming a popular tool for money launderers. Learn all about nested exchanges/services and what we’re doing to combat them as well as how to avoid them and why accounts get blocked or frozen because of them. Main Takeaways: A nested exchange provides crypto trading...
Kenya Based Fintech Kwara Raises $4 Million in Seed Round
13.12.2021
A Kenya based fintech, Kwara has raised $4 million in a seed round that was led by Breega VC firm. The funds will be used to create an app that allows members of credit unions to access financial services. The Rising Demand for Financial Services by Credit Union Members Kwara, a Kenyan fintech that...
Thailand Doesn’t Prohibit Crypto Use for Payments but Warns of Price Fluctuation
12.12.2021
Bank of Thailand’s officials say that using cryptocurrency as a means of payment is not illegal. However, they added that users “must be able to accept the risks,” including price fluctuation. Using Crypto to Pay for Goods and Services Is Not Illegal in Thailand Sakkapop...
Finance Redefined: AWS turns crypto exchanges offline, and Sushi CTO resigns, Dec. 3–10
10.12.2021
An AWS outage sent shockwaves around the crypto industry, Delong left his role as Sushi CTO, and Coinbase opened a cryptography library — all coming to you in this week’s Finance Redefined
Visa Launches Crypto Advisory Services Helping Partners with New Era of Money Transaction
9.12.2021
Visa, the most prominent digital payment company, announced the introduction of Visa’s Global Crypto Advisory Practice, a new product under Visa Consulting & Analytics (VCA) aimed at assisting customers and partners in their crypto use. According to a Visa study released today, the launch...
Visa Launches Crypto Advisory Services — Says ‘Digital Currencies Are Taking Greater Hold in Popular Consciousness’
9.12.2021
Payments giant Visa has launched global crypto advisory services. The company’s executive says: “We’ve seen a material shift in our clients’ mindset in the last year, from a desire to explore and experiment with crypto, to actually building a strategy and product...
Cryptocurrency Exchange Huobi Global to Leave China This Month
8.12.2021
Digital asset exchange Huobi Global has revealed its intention to exit the Chinese Market. The crypto trading platform with Chinese roots said it will stop processing transactions for existing users on the mainland by the end of the year. Huobi Global Halts Services in the People’s Republic...
Decentralized dYdX Went Down Due to Reliance on Centralized Cloud Services
8.12.2021
Decentralized exchange (DEX) dYdX was down for 9 hours Monday afternoon to Tuesday morning, due to a major outage that hit Amazon's cloud-service network Amazon Web Services (AWS), once again stirring up debates about decentralization.
Some commenters have questioned whether a decentralized...
Amazon Web Services Outage Affects Several Major Games
7.12.2021
Amazon Web Services, upon which much of the internet is built, is experiencing issues with its biggest hub of data centers. Naturally, this means a lot of folks are having trouble logging into and playing some of their favorite games.Read more
Bank of Russia Rejects Provision of Crypto-Related Financial Services
7.12.2021
Russia’s central bank has voiced opposition to the provision of financial services related to cryptocurrencies. The monetary authority believes such offerings would go against the interests of Russian investors as they are highly risky. Central Bank of Russia Unwilling to Allow Financial...
Japanese Regulator Eyes Stablecoin, Wallet Provider Regulations in 2022
7.12.2021
Japan’s top financial regulator will block firms outside the world of conventional finance from issuing fiat-pegged stablecoins, a leading media outlet has claimed.
Per reports in both Japanese and English from Nikkei, the Financial Services Agency (FSA), the government organ that oversees...
Streamer Has Said 'Mario' 345,000 Times Over The Last Few Days
7.12.2021
If you have ever wanted to hear a word repeated so many times that it loses all meaning to you (semantic satiation, it’s a real thing), then please enjoy this stream of a man who has committed himself to saying the word “Mario” over half a million times.Read more
Japan to Propose Restricting Stablecoin Issuers to Banks and Wire Transfer Companies
7.12.2021
Japan’s top financial regulator, the Financial Services Agency (FSA), is reportedly planning to propose legislation to restrict stablecoin issuance to banks and wire transfer companies. Crypto service providers involved in stablecoin transactions, including wallets, will also be brought...
BIS Sees 'Important Role' for DeFi, Pushes for Increased Regulation
6.12.2021
A new report from the Bank for International Settlements (BIS), sometimes called the central bank of central banks, has come to a somewhat unexpected conclusion that decentralized finance (DeFi) could play “an important role” in the traditional financial system - but warned about potential...
Crypto Exchanges in 2022: More Services, More Compliance, and Competition
4.12.2021
For many people, exchanges are pretty much the core of the crypto market and industry. They facilitate the all-important trades in the world’s virtual currencies, and by doing so, they reveal which are likely to become the biggest in the future....
Read More: Crypto Exchanges in 2022: More...
British Security Think Tank’s Report Warns NFTs Could Bolster Money Laundering Schemes
4.12.2021
The Royal United Services Institute (RUSI), the British defense and security think tank, questions whether or not non-fungible token (NFT) assets can be used for money laundering purposes. The report determines that in order to mitigate the money laundering risks a ‘know your...
Konkurence pro české Superface? Amazon Web Services spouští autonomní správu API
3.12.2021
Amazon Web Services v ostré verzi spouští službu, která sama hlídá aplikační rozhraní (API) třetích stran, takže se o ně není nutné tolik starat. Jde o technologii AWS Data Exchange for APIs, jenž rozšiřuje možnosti již fungující AWS Data Exchange
Russia’s Telecom Watchdog Roskomnadzor Targets Another 6 VPN Providers
3.12.2021
Roskomnadzor, the government body responsible for oversight of communications in Russia, is taking steps to block six more VPN providers. The move comes after the agency cut access earlier this year to a number of VPN services helping Russians to reach “banned” information....
'We want to be the AWS of crypto,' says Coinbase exec
3.12.2021
Coinbase officials have suggested that they need to become the "Amazon Web Services of cryptocurrencies" as soon as possible
Empire Token on the Rise: Empire NFT Marketplace Now Supports Ethereum; Plans to Expand to Solana and Major Exchange Listing
3.12.2021
PRESS RELEASE. Abu Dhabi, UAE – Empire Token’s flagship utility, the Empire NFT Marketplace, is now live on the Ethereum mainnet. The Ethereum Blockchain is a global computing platform and operating system which can be used to create decentralized services and applications....