Will DeFi take over centralized finance?: A deep dive into the benefits, advantages, dangers and constraints of both systems. Decentralized finance has become one of the hot topics in crypto this year. Although activity and volume in the DeFi space still lag behind its popularity, this is starting to change as novel protocols become available. […]
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Julius Baer, a top-five Swiss bank, saw its net profit climb by 34% in the first half of 2020, a period during which it began offering digital assets like Bitcoin to its clients. Top five Swiss bank Julius Baer Group, which manages $427 billion in assets, announced on July 20 that its profit increased by […]
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The European Union’s 5AMLD has been adopted as the first regulation in Romania of virtual currencies, crypto-wallets and fiat-crypto exchange platforms. The European Union and the European Central Bank wanted to create a unitary legal framework that would limit the anonymity of cryptocurrency transactions, especially in the spectrum of money laundering, terrorist financing and tax […]
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Cryptocurrency exchanges in Korea shrink within national boundaries due to lack of regulatory clarity. The lack of regulatory uncertainty in South Korea is causing major Korean cryptocurrency exchanges to lose international traders and turn their focus on the domestic audience. Speaking to Cointelegraph, a spokesperson of the South Korean exchange Upbit expressed his concern about […]
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Another class action lawsuit against Plaid has been filed citing the company violated user data privacy. A new class action lawsuit complaint against fintech startup Plaid has been filed with more plaintiffs alleging the company violated the data privacy of users. The new complaint filed on behalf of four new plaintiffs alleged that Plaid—which was […]
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Bitcoin can scale as an adopted store of value using second-layer solutions, but not on-chain with its current technology says Abra’s CEO. Bill Barhydt, CEO and founder of the Abra digital finance wallet and exchange app, said he sees Bitcoin’s (BTC) blockchain struggling when it comes to on-chain mass adoption of the asset as a […]
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As part of its work with the Stellar blockchain, Abra plans to provide global banking features. Abra, the company behind the global crypto and fiat wallet and exchange app of the same name, plans to give the world banking services underpinned by Stellar’s blockchain — one of the results of the SDF’s $5 million investment […]
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The NCIS has seen an uptick in darknet purchases using Bitcoin. Blockchain analytic firms discuss procedures to combat crypto-related crimes, along with emerging challenges. Seven years ago, agents from the United States Federal Bureau of Investigation busted into a San Francisco Public Library to arrest Ross Ulbricht, the mastermind behind the Silk Road. Launched in […]
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The “Mekotio” trojan went from conventional banking malware one fine-tuned to steal crypto. Cybersecurity experts are warning about a family of banking trojans that target Windows users across Latin America, but this trojan happens to focus on stealing cryptocurrencies. According to a report published by cybersecurity firm ESET, the malware is known as “Mekotio” and […]
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Five major Spanish banking institutions have completed a proof-of-concept for payments using smart contracts. Multinational banking giant Banco Santander and four Spanish banks have successfully finalized a proof-of-concept for payments using smart contracts. The PoC was coordinated with IberPay, the company that oversees the Spanish Payment System. Trial confirms blockchain’s feasibility for payments In a […]
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