Tag

Crypto

Can Sphinx and Truflation Transform DeFi with Real-World Assets?
Fintech Blockchain
Can Sphinx and Truflation Transform DeFi with Real-World Assets?

The fast-evolving world of Decentralized Finance (DeFi) consistently pushes the boundaries of what’s possible in the financial landscape. The latest collaboration between Sphinx and Truflation emerges as a compelling attempt to integrate traditional financial mechanisms with cutting-edge blockchain technology, promising a significant evolution in the DeFi sector. This partnership spotlights the increasing importance of real-world asset integration into decentralized platforms,

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US Seizes $2.67M in Crypto Assets Stolen by North Korean Hackers
Fintech Blockchain
US Seizes $2.67M in Crypto Assets Stolen by North Korean Hackers

In a significant move to combat cybercrime, the United States government has seized over $2.67 million in digital assets that were looted by the infamous North Korean hacking group, Lazarus. The legal action, which took place on October 4, 2024, saw the filing of two complaints aimed at reclaiming approximately $1.7 million in Tether (USDT) and $970,000 in Avalanche-bridged Bitcoin

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Can EIP-7781 Enhance Ethereum’s Performance and Decentralization?
DevOps
Can EIP-7781 Enhance Ethereum’s Performance and Decentralization?

The new Ethereum Improvement Proposal (EIP-7781), authored by Ben Adams, co-founder of Illyriad Games, promises to be a pivotal development for the Ethereum network by aiming to shorten block times from 12 seconds to just 8 seconds. This change could increase throughput by 50%, offering significant advantages for decentralized applications (dApps) and users alike. By also bolstering the network’s data

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BLIK Romania Gains BNR Approval for Secure Mobile Payment Launch
E-Commerce
BLIK Romania Gains BNR Approval for Secure Mobile Payment Launch

The National Bank of Romania (BNR) has granted BLIK Romania S.A. authorization to operate its payment system in the local market. This marks a significant step for BLIK as it aims to extend its footprint in the Central and Eastern European (CEE) region. With plans to revolutionize mobile payments, the launch is set to bring increased convenience and security to

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Numerated and Alloy Partner to Enhance Fraud Prevention in Lending
E-Commerce
Numerated and Alloy Partner to Enhance Fraud Prevention in Lending

The financial sector is continually evolving, especially in the realms of security and efficiency. In recent years, the pressing need for advanced fraud prevention mechanisms has become more evident than ever. Numerated, an AI-driven commercial lending platform, has taken a significant step to address this challenge by forming a strategic partnership with Alloy, a premier identity risk management company. This

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Will Cryptocurrency Policy Sway Voters in the 2024 Election?
Fintech Blockchain
Will Cryptocurrency Policy Sway Voters in the 2024 Election?

As the 2024 Presidential election approaches, an unexpected yet increasingly significant issue finds itself at the heart of the political battleground: cryptocurrency policy. Recent polling data suggests that voters who place importance on pro-crypto policies could play a pivotal role in deciding the election’s outcome. This examination delves into these findings and explores how candidates might leverage their stances on

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Can USDC’s Expansion Transform Digital Finance in Asia-Pacific?
Fintech Blockchain
Can USDC’s Expansion Transform Digital Finance in Asia-Pacific?

In a significant development for the cryptocurrency world, Circle has formed a strategic partnership with MHC Digital Group to expand the adoption of its USD Coin (USDC) stablecoin across Australia and the Asia-Pacific region. This strategic collaboration is set to provide wholesale clients with greater access to USDC, positioning it as a more cost-effective alternative to traditional banking systems. The

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Crypto Hacks Surge to $753M in Q3 2024 Despite Fewer Incidents
DevOps
Crypto Hacks Surge to $753M in Q3 2024 Despite Fewer Incidents

In the third quarter of 2024, the world of cryptocurrency faced a paradox, with the number of hacking incidents dropping, yet the financial toll soaring by an alarming 9.5% from the previous quarter. This contradictory trend resulted in a staggering $753 million in losses across 155 distinct hacking incidents. The Ethereum network bore the brunt of these hacks, suffering 86

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AI Driving Fintech Innovation: From Early Tools to Future Trends
Robotic Process Automation In Fintech
AI Driving Fintech Innovation: From Early Tools to Future Trends

Artificial Intelligence (AI) and financial technology (fintech) have a deeply intertwined relationship that has revolutionized the financial industry. From its inception in the 1980s to the sophisticated applications we see today, AI has emerged as a cornerstone of fintech innovation, improving operational efficiency, customer service, and competitive advantage. AI has influenced everything from credit scoring systems to fully automated financial

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OwlTing and Visa Partner to Deliver Real-Time Cross-Border Payments
Digital Lending / Digital Payments
OwlTing and Visa Partner to Deliver Real-Time Cross-Border Payments

The financial technology landscape is evolving rapidly, bringing innovative solutions to enhance international transactions. A recent announcement on October 1, 2024, has captured the attention of the global financial community: OwlTing, a global blockchain fintech company, is partnering with Visa, a leader in digital payments. This collaboration aims to streamline cross-border payments through the integration of Visa Direct solutions with

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How Will X Empire’s Airdrop Reward Engagement and Community Efforts?
Fintech Blockchain
How Will X Empire’s Airdrop Reward Engagement and Community Efforts?

In a major move to promote transparency and fairness, X Empire, a popular Telegram-based tap-to-earn (T2E) game, has announced an upcoming token airdrop. The platform plans to distribute 70% of its total token supply to participants based on their engagement and community contributions. This announcement follows the completion of X Empire’s mining phase, which saw an impressive participation of nearly

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FIS Launches Digital Trading Storefront to Revolutionize Trading Experience
Digital Wealth Management
FIS Launches Digital Trading Storefront to Revolutionize Trading Experience

FIS, a global leader in financial technology solutions, has unveiled its Digital Trading Storefront, an innovative platform designed to transform the trading landscape for banks, brokers, market makers, and fund managers. This groundbreaking platform seeks to enhance the existing FIS Cross-Asset Trading and Risk Platform by incorporating cutting-edge digital features such as hyper personalization and real-time trade execution. In an

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