Identity fraud has become a pervasive threat in today’s digital world, prompting organizations to seek robust solutions to protect themselves and their users. Deduce, a leading identity fraud prevention provider, recently announced that it has raised $9 million in a funding round led by Freestyle Capital, bringing its total raised amount to over $26 million. The Need for Identity Fraud
In a major development for the crypto industry, Ramp Network, a pioneering crypto startup, has successfully integrated Pix, a payment method offered by the Central Bank of Brazil. This integration is expected to greatly facilitate the onboarding process for both individuals and businesses in Brazil, making it easier than ever to enter the world of cryptocurrencies. Integration of Pix for
Bybit, a prominent cryptocurrency exchange, remains steadfast in its commitment to stay in the United Kingdom despite the upcoming impact of the Financial Conduct Authority’s (FCA) new rules on crypto companies. With its approach grounded in cooperation and compliance, Bybit aims to establish a harmonious relationship with UK regulators and authorities while ensuring transparency and consumer protection. Bybit’s approach to
Web3 technology, the next generation of the internet, has gained significant attention in recent years. With its decentralized nature and potential for innovation, Web3 offers exciting possibilities for users. However, as with any technological advancement, it is crucial to prioritize security when engaging with Web3 platforms. In this article, we will delve into ten essential practices to enhance Web3 security
The Ethereum development community has recently unveiled a much-anticipated testnet called “Holešky.” This new testnet is specifically designed for staking, infrastructure development, and protocol enhancements. With its launch on September 15, Ethereum developers aim to provide a robust platform for testing and refining various features before implementing them on the mainnet. Hološko Testnet Allocation On its launch day, the Holešky
Billionaire investor and Dallas Mavericks owner Mark Cuban has fallen victim to a cryptocurrency hack, with nearly $900,000 worth of crypto assets reportedly drained from his hot wallet. This incident has once again shed light on the security vulnerabilities within the crypto space and raises questions about the safety of digital assets. Discovery of the Hack On September 15, at
The recent tumultuous events in the crypto markets, marked by price falls and regulatory crackdowns on major players, have cast a shadow over the appeal of blockchain technology in traditional finance. Once hailed as a revolutionary force, blockchain now faces scrutiny and hesitation from traditional financial institutions. This article explores the challenges faced by blockchain in finding a secure footing
In an effort to provide accurate and efficient compliance capabilities in the rapidly evolving landscape of instant payments, Finastra has announced a strategic partnership with Fincom and ThetaRay. This collaboration aims to deliver pre-packaged compliance screening solutions to banks, combining real-time sanctions screening and AI-powered anti-money laundering (AML) transaction monitoring. With the availability of this new service through Microsoft Azure,
Digital asset adoption represents one of the fastest adoptions of technology in human history. In this rapidly evolving landscape, advisors are presented with unique opportunities to leverage these digital assets for their clients. However, these assets come with their own set of challenges. This article explores the various aspects of digital assets, from potential regulation to building investor trust, and
In the rapidly expanding world of cryptocurrencies, the measure of success for a project often revolves around its active user count. However, relying solely on this metric can be deceptive, as a small group of users can generate a significant portion of activity across multiple wallets. This article delves into the misleading nature of active user counts and sheds light
Popular messaging app Telegram has made a significant move in the world of cryptocurrencies as it recently announced the launch of its very own crypto wallet. This development was unveiled during the ongoing Token2049 event taking place in Singapore, marking a new chapter for Telegram and its users. Presentation at Token2049 Event During the Token2049 event, Telegram showcased its new
In a significant move towards promoting the responsible development of artificial intelligence (AI), the Biden-Harris Administration has successfully obtained a second round of voluntary safety commitments from eight leading AI companies. These companies have pledged to play a pivotal role in ensuring the advancement of safe, secure, and trustworthy AI technologies. The commitments center around three fundamental principles: safety, security,
