Australian ASIC Grants Stablecoin Relief to Boost Innovation The Australian Securities and Investments Commission (ASIC) has recently made a significant move to foster innovation in the finance sector by granting stablecoin relief. This decision is poised to streamline processes for intermediaries handling stablecoins issued by an Australian Financial Services (AFS) licensee. The regulatory relief eliminates […]
Google Cloud develops blockchain network for financial institutions
Google Cloud Develops Blockchain Network for Financial Institutions Google Cloud has recently made waves in the financial industry by developing a cutting-edge blockchain network tailored specifically for financial institutions. Named the Universal Ledger, this innovative platform aims to revolutionize the way assets are tokenized and digital payments are processed within the sector. One of the […]
Bitcoin surges to a new all-time high above $124,000
Bitcoin Surges to a New All-Time High Above $124,000 Bitcoin, the pioneer of cryptocurrencies, has once again captured the attention of investors and enthusiasts alike as it surged to a new all-time high above $124,000. This milestone comes at a time when the wider cryptocurrency market is thriving, with the top 100 coins recording double-digit […]
Altman warns AI voice cloning will break bank security
AI Voice Cloning: The New Threat to Bank Security With the rapid advancements in artificial intelligence (AI) technology, concerns about the security of personal information have become more pressing than ever. Recently, the Federal Reserve (Fed) and OpenAI engaged in discussions highlighting the urgent need for new identity verification methods to combat the growing threat […]
Czech central bank enters crypto equity market
Czech National Bank Invests in Crypto Equity Market Following Coinbase’s S&P 500 Inclusion In a bold move that marks a significant shift in traditional financial institutions’ approach to cryptocurrencies, the Czech National Bank has recently announced its entry into the crypto equity market. This decision comes hot on the heels of Coinbase’s inclusion in the […]
Bitcoin hits new all-time high as institutional demand surges
Bitcoin Hits New All-Time High as Institutional Demand Surges Bitcoin, the pioneer of cryptocurrencies, has once again captured the spotlight as it reaches a new all-time high. This impressive feat comes on the heels of a significant surge in institutional demand, signaling a shifting tide in the perception and adoption of digital assets. In recent […]
Hackers steal $180M in Brazil’s biggest bank breach
The Rise of Cybercrime: Hackers Steal $180M in Brazil’s Biggest Bank Breach In a digital age where financial transactions are predominantly conducted online, the threat of cybercrime looms larger than ever. Recently, Brazil faced its biggest bank breach to date, with hackers making away with a staggering $180 million. The authorities are now in a […]
Ripple partners with AMINA Bank to expand in Europe
Ripple Partners with AMINA Bank to Expand in Europe Ripple, a prominent player in the cryptocurrency realm, has recently struck a strategic partnership with AMINA Bank to solidify its presence in Europe. This collaboration marks a significant milestone for both entities, showcasing a mutual commitment to fostering financial innovation and expanding their reach in the […]
Lazarus Group linked to Taiwan exchange hack
Lazarus Group Strikes Again: Suspected in Crypto Theft Targeting Taiwan’s BitoPro Exchange In the ever-evolving landscape of cybersecurity threats, the Lazarus Group has once again made headlines for its suspected involvement in a recent crypto theft targeting Taiwan’s BitoPro exchange. This notorious hacking group, believed to have ties to North Korea, is known for its […]
Hacktivists target Iran’s Bank Sepah in major cyberattack
Hacktivists Strike Bank Sepah in Major Cyberattack In a recent turn of events, Bank Sepah, along with several other military-linked banks, has fallen victim to a significant cyber disruption orchestrated by hacktivists. This attack has raised concerns not only about the vulnerability of financial institutions to cyber threats but also about the motives driving such […]