fraud Archives - Page 15 of 109

Binance and Oasis Labs launch intelligence sharing platform for exchanges

August 27, 2020cashtechnews

Binance and Oasis Labs are building a platform to facilitate threat intelligence sharing among exchanges. The world’s largest cryptocurrency exchange, Binance, has teamed up with privacy-centric blockchain-powered cloud computing developers Oasis Labs to fight fraud in the crypto sector. Oasis was announced as the inaugural member and primary infrastructure provider for the Binance-led CryptoSafe Alliance […]

Russia set to try again with blockchain voting despite earlier setbacks

August 27, 2020cashtechnews

Initial results appear promising for the Waves-developed e-voting system. Russian telecommunication giant Rostelekom, together with the Russian Ministry of Digital Development and Communications, tested a blockchain-based voting system developed in collaboration with Waves Enterprise. As local news outlets reported, the preliminary test involved 30,000 people who were trying out the platform’s functionality and technical capabilities. […]

Switzerland’s top online retailer completes transaction with digital franc

August 27, 2020cashtechnews

The first regulated stablecoin in Switzerland is entering e-commerce. Galaxus, the largest online retailer in Switzerland, could start accepting payments in a stablecoin issued by local cryptocurrency bank Sygnum. According to an Aug. 27 tweet by Sygnum, the companies have just completed an electronic commerce payment using Sygnum Bank’s stablecoin known as Digital Swiss Franc […]

Major Korean crypto exchange seized after 99% trading volume allegedly faked

August 26, 2020cashtechnews

Police claim that wash trading and market manipulation by the owner and management team of the Coinbit exchange netted over 100 billion won. South Korea’s third-largest cryptocurrency exchange, Coinbit, has been seized by police following fraud allegations. According to an Aug. 26 report by the Seoul Shinmun, 99% of transaction volume on the exchange was […]

DLT tracking partnership to fight fake diamonds in China

August 25, 2020cashtechnews

Everledger’s partnership with JD.com will allow buyers in China to purchase diamonds knowing their origins. DLT supply chain firm Everledger is partnering with local Chinese diamond sellers to ensure customers only receive genuine gemstones. In an Aug. 25 announcement, Everledger, a global digital registry for diamonds, said it would be working with Chinese e-commerce giant […]

Waterloo residents have lost $430K to crypto scams this year

August 25, 2020cashtechnews

Bitcoin scammers have thus far proven to be unstoppable in Canada. Waterloo, Ontario is the first Canadian city to issue a general warning after 78 residents were duped by crypto scammers in 2020. According to Global News, Waterloo residents have lost more than $430,000 so far this year, with 29 of the 78 falling victim […]

I would never invest one cent in Bitcoin, says Ryanair CEO

August 24, 2020cashtechnews

“Avoid Bitcoin like a plague.” Micheal O’Leary — the CEO of major budget airline Ryanair — has come out very bearish on Bitcoin (BTC). Recently speaking to The Times, O’Leary likened Bitcoin to a Ponzi scheme and advised investors to avoid it: “I have never, and would never, invest one cent in Bitcoin, which I […]

With Blockchain, Fraud Will Not Be Able to Steal Digital Ad Revenues

August 23, 2020cashtechnews

Supply chain transparency is the spanner in the works of the digital advertising machines, but can blockchain help? Recent statistics show that digital advertising spending worldwide will reach a total of $335 billion dollars in 2020. While impressive, the digital media landscape is rife with issues due to a lack of supply chain transparency. As […]

VeChain Launches Blockchain-enabled Sustainability Solution

August 22, 2020cashtechnews

Companies using the solution may even cut costs. VeChain launched its blockchain-enabled sustainability solution aimed towards companies looking to digitize their sustainable practices. Part of its blockchain-as-a-service platform ToolChain, VeChain promises the solution can streamline sustainable practices during the supply chain and manufacturing process and also showcase these practices to third parties like regulators. VeChain […]

Central Bank Digital Currencies and Their Role in the Financial System

August 22, 2020cashtechnews

What are CBDCs and the risks they possess, and how might they reshape our economies? Central bank digital currencies are a digital representation of a country’s fiat currency. They are effectively a government-issued cryptocurrency designed to replace the traditional, physical form of fiat currencies. The term CBDC is broad because its implementation involves several critical […]

Tag: fraud

Russia set to try again with blockchain voting despite earlier setbacks

Switzerland’s top online retailer completes transaction with digital franc

Major Korean crypto exchange seized after 99% trading volume allegedly faked

DLT tracking partnership to fight fake diamonds in China

Waterloo residents have lost $430K to crypto scams this year

I would never invest one cent in Bitcoin, says Ryanair CEO

With Blockchain, Fraud Will Not Be Able to Steal Digital Ad Revenues

VeChain Launches Blockchain-enabled Sustainability Solution

Central Bank Digital Currencies and Their Role in the Financial System

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