banking Archives - Page 41 of 178

South African Solar Energy Blockchain Startup Raises $3 Million, Plans to Expand Across Continent

June 9, 2020cashtechnews

The blockchain peer-to-peer renewable energy platform has now closed its $4 million Series-A funding round. South African blockchain peer-to-peer renewable energy platform Sun Exchange obtained a $3 million investment from Arch Emerging Markets Partners, thereby closing its $4 million Series-A funding round, according to a statement issued Monday. Sun Exchange allows international clients to buy […]

Set to Grow, India’s Crypto Industry Must First Toil Tough Ground

June 8, 2020cashtechnews

Several factors make India the hallmark country for crypto adoption. Experts, however, agree that several challenges still stand in the way. Over the past few months, India’s cryptocurrency market has continued to be in a constant state of flux. From crypto bans imposed by the country’s central bank to a historic ruling by its Supreme […]

40% of New Fintech Firms in Hong Kong Operate With Blockchain

June 7, 2020cashtechnews

Nearly 40% of new fintech firms to launch in Hong Kong over the past year are operating in the blockchain sector. Blockchain firms are increasingly dominating Hong Kong’s financial technology sector, with 39% of new firms launching in the country’s fintech industry last year operating with distributed ledger technology, or DLT. According to Hong Kong’s […]

Crypto Ransom Amounts Skyrocketed 200% in 2019

June 6, 2020cashtechnews

A report from Crypsis Group revealed that threat actors have significantly escalated their tactical approaches in ransomware attacks. A study revealed by digital forensics firm, Crypsis Group, shows an actively growing trend in the ransoms demanded by ransomware attackers. Amounts sharply rose 200% from 2018 to 2019. According to the 2020 Incident Response and Data […]

The Code Is Key: Solutions for Overcoming DeFi Security Breaches

June 6, 2020cashtechnews

The DeFi sector can embrace a positive future by following comprehensive security audits and by ensuring best practice in due diligence and quality assurance. Decentralized finance, commonly referred to as DeFi, has grabbed the attention of mainstream financial and technology audiences alike. While the sector has been applauded for bringing about innovative digital finance solutions […]

Central Bank Digital Currencies Endanger Private Banks, Says Federal Reserve

June 5, 2020cashtechnews

Central bank digital currencies endanger private banks, warned the Federal Reserve Bank of Philadelphia. The Philadelphia branch of the United States Federal Reserve has published a new report that warns about the potential effects of issuing central bank digital currencies (CBDCs). In the report, the Fed said that — after the introduction of a CBDC […]

DeFi Platform Celsius Hits $1 Billion in Cryptocurrency Deposits

June 5, 2020cashtechnews

Decentralized finance platform Celsius Network has crossed $1 billion in total cryptocurrency deposits. Decentralized lending and borrowing platform Celsius Network has crossed $1 billion in total cryptocurrency deposits since its launch in 2018. The platform claims that it returns 80% of its total revenue to its users and has so far paid $17 million as […]

New Head of US Regulator and Former Coinbase Lawyer Invites Banks and Crypto to Collaborate

June 4, 2020cashtechnews

Following a request for input on how crypto and banking can work together, new acting Comptroller of the Currency Brian Brooks talks first priorities in work with the industry. In a June 4 announcement, the Office of the Comptroller of the Currency (OCC) is looking for banks and crypto firms to weigh in on how […]

Ousting the Greenback: USD Still King as BTC and CBDCs Mount Challenge

June 4, 2020cashtechnews

The advent of digital money will threaten the U.S. dollar’s global dominance, but it won’t be easy to dethrone the current global reserve currency. The global monetary system has been centered around the United States dollar since at least the end of World War II when the 1944 Bretton Woods Agreement formalized the greenback’s ascent […]

Bitcoin Is a Paradigm Shift Beyond Wall Street

June 4, 2020cashtechnews

A former Goldman Sachs vice president of investment banking: “We should be glad that traditional Wall Street hasn’t come around to embrace crypto yet.” When the Goldman Sachs report came out dismissing Bitcoin’s status as an asset class, there was significant backlash from the crypto community. This is understandable, as for those building in crypto, […]

Tag: banking

South African Solar Energy Blockchain Startup Raises $3 Million, Plans to Expand Across Continent

Set to Grow, India’s Crypto Industry Must First Toil Tough Ground

Crypto Ransom Amounts Skyrocketed 200% in 2019

The Code Is Key: Solutions for Overcoming DeFi Security Breaches

Central Bank Digital Currencies Endanger Private Banks, Says Federal Reserve

DeFi Platform Celsius Hits $1 Billion in Cryptocurrency Deposits

New Head of US Regulator and Former Coinbase Lawyer Invites Banks and Crypto to Collaborate

Bitcoin Is a Paradigm Shift Beyond Wall Street

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