Category: CyberFinance
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Huawei Releases Digital Banking 2.0 Solution With Temenos Platform
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At the Huawei Intelligent Finance Summit 2022, Huawei introduced the Digital Banking 2.0 solution, which leverages Temenos’ open platform, and spoke with customers and top financial industry partners about how to build a cloud-native architecture to achieve business agility and industry innovation.
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Yes, Online Merchants Are Interested In Crypto Payment Options!
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Merchants are interested in crypto payment options. Gaining new customers and eliminating middlemen are the top two reasons why merchants are interested in accepting cryptocurrency or expanding their crypto payments options, according to “Paying with Cryptocurrency,” a PYMNTS and BitPay collaboration based on a survey of 2,334 consumers and 202…
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Payout Issues At Crypto Exchange Blockchain.Com!
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In Feb 2022, the US crypto exchange operator Blockchain.com announced that its UK and European retail customers will be moved from the FCA-regulated EMD agent Blockchain Access (UK) Ltd to the Lithuanian subsidiary Blockchain (LT) Ltd. The UK entity is an agent of FCA-regulated Modulr FS Limited. For some time…
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The High-Risk Bet Of Crypto Lender Celsius Network!
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The crypto lending giant Celsius Network LLC is one of the highest-profile victims of the dawning Crypto Winter. On 12 June 2022, the company froze all withdrawals. Last week, rival lender BlockFi said it had struck a deal for a $250 million line of credit from a crypto exchange amid…
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Meet The Crypto Czar And FinTech Entrepreneur Alex Alexandrov
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The crypto czar and FinTech entrepreneur Alex Alexandrov was born in Ukraine and moved to Canada at a young age. He started a bitcoin mining venture around 2012 when the Bitcoin (BTC) price was around $4. In 2013, Alex and his then partner Jason Butcher acquired the crypto startup CoinPayments…
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Introducing Binance.US CEO & President Brian Shroder
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The former Boston Consulting Group principal Brian Shroder with a Harvard MBA, is the CEO of BAM Trading Services Inc. d/b/a Binance.US, the US branch of the Binance Group. In April 2022, Binance.US raised over $200 million in its first external funding round just before the crypto markets collapsed. The…
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Cyprus-Based Payabl Led Million Investment in BDSwiss Spin-Off Klarpay!
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The former Wirecard managers and partners Ruediger Trautmann, Ayelet (Fruchtlander) Knoechelmann, Frank Schoonbaert, and the Israeli Nissim Zarfati founded the PowerCash21 Group around 2010 with several legal entities in different jurisdictions. Sometime over the last couple of months, the PowerCash21 Group reincarnated into Payabl and recently led a CHF3 million…
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Crypto Winter Approaching With Massive Coinbase Layoffs!
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The crypto meltdown continues. Further waves of reckoning swept through the crypto industry, with Coinbase saying it would cut almost a fifth of its staff. The destruction in crypto markets has been broad and deep, with roughly $2 trillion of value having been erased across numerous cryptocurrencies since November 2021.
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US FCA Reports Exposes Crypto & Social Media As Preferred Cybercrime Tools!
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Cybercriminals and scammers embraced crypto ever since its inception. The US FTC reported that since the start of 2021, more than 46,000 people have reported losing over $1 billion in crypto to scams – that’s about one out of every four dollars reported lost, more than any other payment method.…
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Moonfare And Fidelity Expand Partnership To Asia!
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In March 2021, Fidelity International (Fidelity), a global asset manager with more than $767 billion in total client assets, and Moonfare, the leading digital investment platform for high-quality private markets funds, announced an exclusive strategic distribution partnership. Recently, they expanded their partnership with Fidelity Asia in Hong Kong and Singapore.