The SEC’s fintech wing invites innovators to network and weigh in on regulation in new online meetups. FinHub, a fintech arm of the U.S. Securities and Exchange Commission (SEC) will now host digital meetings for industry players amid COVID-19 lockdowns. “To facilitate ongoing communications, FinHub will host a series of thematically-based virtual P2P meet-ups over […]
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Maze ransomware group threatens to leak stolen data from Threadstone Advisors, LLC. Ransomware gang, Maze, strikes again. This time, the victim is a US-based independent advisory firm specializing in the consumer and retail sectors. They have a number of big clients including businesswoman and former Spice Girl, Victoria Beckham. Maze’s official dark web blog lists […]
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In the aftermath of disappointingly slow COVID-19 stimulus payments, Congress hears testimony on using digital dollars to upgrade the U.S.’s legacy financial infrastructure. On June 11, the Congressional Fintech Task Force held a hearing examining FedAccounts and a digital dollar as ways of expanding financial inclusion in the United States. Particularly in the aftermath of […]
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The Indian Port Community System has integrated blockchain platform CargoX in a bid to digitize its cargo documentation. As the COVID-19 pandemic takes a toll on the workflow of the Indian cargo shipping industry, India’s maritime industry is looking to utilize the CargoX platform for Blockchain Document Transfer (BDT). According to a report from World […]
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The U.S.’ latest national debt landmark comes as Bitcoin circles $10,000 and puts the cryptocurrency’s digital scarcity back in the spotlight. The United States now has debt equal to a giant 2.65 billion Bitcoin (BTC) — more than 21 times the number of coins that will ever circulate. According to figures by statistics monitor U.S. […]
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An article published by Yonhap suggests that South Korean merchants are open to accepting digital yuan as a payment method in the near future. South Korean media outlets suggest that local merchants could accept the upcoming digital yuan as a payment method once the COVID-19 pandemic passes, and Chinese tourist flow increases in the […]
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Kroll’s Cyber Risk team detected a growing trend in the use of banking trojans to launch ransomware attacks. A study by risk solutions provider, Kroll, identified a growing trend in the use of Qakbot trojan, or Qbot, to launch email thread hijacking campaigns and to deploy ransomware attacks. According to the findings in conjunction with […]
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Now, more than ever, the economic efficiency and transparency is omnipresent, and emerging technologies such as blockchain have highlighted the dire need for such solutions. We are currently living in an unprecedented time, with the COVID-19 pandemic sweeping the world and taking far too many precious lives. Markets are being decimated and economies are on […]
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Though former Bakkt CEO Kelly Loeffler’s Georgia Senate seat faces no risk in the June 9 primary, everything is up for grabs in November. Republican Senator and former Bakkt CEO Kelly Loeffler may find herself up against a better-organized and more supported Democratic candidate in November’s special election. Early returns are still coming in from […]
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Vending machines operated by major Asia Pacific soft drink bottler and distributor Coca-Cola Amatil will now be accepting payments in crypto. Vending machines operated by major Asia Pacific soft drink bottler and distributor Coca-Cola Amatil will now be accepting payments in crypto. The development follows a new deal with digital asset platform Centrapay, announced on […]
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