cyber

U.S. Banks Entering Cryptocurrency Adds Real Legitimacy To The Industry

Source Node: https://beincrypto.com/u-s-banks-entering-cryptocurrency-adds-real-legitimacy-to-the-industry/
Time Stamp: November 2, 2021 9:00 AM - Modified On: November 2, 2021 - Published By:
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The United States government is once again adding more legitimacy and credibility to the rapidly growing cryptocurrency industry. This is through clear regulations that will further incorporate the sector into the country’s financial system and economy. Sponsored Sponsored In an interview with Reuters, Jelena McWilliams, chair of the Federal Deposit Insurance Corp. (FDIC), said that banks must be allowed to hold crypto on their balance sheets, provide custodial accounts in digital assets and facilitate crypto trading for clients. Thus, demonstrating the rapid rise of digital assets this year. In addition to

Ex-PBA Import Renaldo Balkman Launches PH-inspired NFT Series

Source Node: https://bitpinas.com/nft/ex-pba-import-renaldo-balkman-nft/
Time Stamp: October 27, 2021 11:05 PM - Modified On: October 27, 2021 - Published By:
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Share some Bitpinas love:By Nath CajudayFormer Philippine Basketball Association (PBA) import Renaldo Balkman introduced earlier this month his own Balkmania Worldwide NFT Collection, a series of non-fungible token (NFT) that includes Philippine-inspired items – his gaming experience in the Philippines.Balkman, who played in National Basketball Association (NBA) for six years under Denver Nuggets and New York Knicks, released 46 NFTs for sale, 11 of which are Philippine-inspired, all of which were made by digital designer Steve Cupart, and are currently available on selling on NFT marketplaces SolSea and OpenSea.The most

Total Crypto Market Cap Hits All-Time High of $2.6 Trillion

Source Node: https://beincrypto.com/crypto-market-cap-all-time-high-2-6-trillion/
Time Stamp: October 18, 2021 2:23 AM - Modified On: October 18, 2021 - Published By:
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Cryptocurrency markets have been climbing again to kick off the week and the total market capitalization has reached a record high. The market capitalization for all cryptocurrencies has reached an all-time high of $2.6 trillion according to CoinGecko.Sponsored Sponsored This has just surpassed the previous high of $2.55 trillion that was made on May 12 when many altcoins were notching up their own record highs. Total Crypto Market Cap – CoinGecko Rival token analytics platform CoinMarketCap is reporting a total crypto market cap of around $2.5 trillion which is about

How Binance Helps Legal Authorities Take Down Cybercriminals Laundering Illicit Funds

Source Node: https://news.bitcoin.com/how-binance-helps-legal-authorities-take-down-cybercriminals-laundering-illicit-funds/
Time Stamp: September 30, 2021 9:00 AM - Modified On: September 30, 2021 - Published By:
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sponsored According to the latest UN statistics, global money laundering transactions reach up to $2 trillion a year. A small fraction of that huge amount passes through the digital assets ecosystem, and responsible actors in it are working to bring that down even more. As the world’s leading cryptocurrency exchange, Binance has especially taken it upon itself to protect the safety and security of the virtual finance world. Here is how it helps legal authorities to take down cybercriminals laundering money. Busting the $500 Million FANCYCAT Ring In June 2021,

COTI to Issue New Stablecoin on Cardano Network

Source Node: https://beincrypto.com/coti-stablecoin-cardano-network/
Time Stamp: September 27, 2021 4:40 AM - Modified On: September 27, 2021 - Published By:
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COTI introduced a new algorithmic stablecoin called Djed for Cardano this weekend in an effort to expand decentralized finance (DeFi) on the network.Sponsored Sponsored The Djed stablecoin was announced at a Cardano Summit in Wyoming on Sept 26 by IOHK founder Charles Hoskinson. The enterprise-grade fintech platform COTI will be the official issuer of Djed which will use the new Cardano smart contracts to ensure price stability, the announcement added.Sponsored Sponsored Djed will be entering an already crowded stablecoin market that is dominated by Tether and USD Coin, however, its

Coinbase Files For Futures and Derivatives Trading

Source Node: https://beincrypto.com/coinbase-files-futures-derivatives-trading/
Time Stamp: September 16, 2021 2:44 AM - Modified On: September 16, 2021 - Published By:
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North America’s largest crypto exchange Coinbase has taken the first steps in making an application to allow futures and derivatives products on the platform.Sponsored Sponsored On Sept 16, Coinbase stated that it had filed an application with the National Futures Association (NFA) to register as a Futures Commission Merchant (FCM). The exchange added that “this is the next step to broaden our offerings and offer futures and derivatives trading on our platforms,” in order to further expand the crypto economy.Sponsored Sponsored The NFA’s official website now lists Coinbase Global Inc.

Baanx Acquires Stake in Major US Fintech Bank

Source Node: https://www.acnnewswire.com/press-release/english/69400/
Time Stamp: September 6, 2021 6:04 AM - Modified On: September 6, 2021 - Published By:
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LONDON, Sept 6, 2021 - (ACN Newswire) - Baanx, the fast-growing B2B2C "Better than a Banking Platform" specialising in fintech services & lending, becomes the third-largest shareholder in the United States regulated Maxwell State Bank in a multi-million-dollar deal to enhance cybersecurity and banking access to communities throughout America.Maxwell State Bank is a fintech bank and VISA Principal Member established circa 1943 in Iowa. With total assets of $29,655,000 and deposits of $25,058,000 Maxwell has been FDIC certified since 1943 for insured deposits. Maxwell was acquired by serial fintech entrepreneur Ronald Ingram, founder of

Trader Joe Raises $5M for DeFi on Avalanche

Source Node: https://beincrypto.com/trader-joe-raises-5m-defi-avalanche/
Time Stamp: September 3, 2021 2:01 AM - Modified On: September 3, 2021 - Published By:
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Avalanche-based decentralized finance (DeFi) platform Trader Joe has become the latest to secure a round of funding from venture capital giants.Sponsored Sponsored In an announcement on Sept 2, the DeFi trading platform revealed that it raised $5 million in a strategic sale led by Defiance Capital, GBV Capital, and Mechanism Capital. Several other venture capital firms, angel investors, and industry leaders including Three Arrows Capital, Coin98 Ventures, Delphi Digital, Avalanche Foundation, and Aave founder Stani Kulechov, also contributed. Trader Joe plans to expand its team with the cash injection and

Join Third Annual Edition of Finnovex Middle East Summit: Hybrid Experience

Source Node: https://beincrypto.com/join-third-annual-edition-of-finnovex-middle-east-summit/
Time Stamp: August 31, 2021 8:00 AM - Modified On: August 31, 2021 - Published By:
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Exibex welcomes you to Finnovex Middle East, the Leading Summit on Financial Services Innovation and Excellence where the best minds in the Banking and Financial Services Industry converge. Sponsored Sponsored They are all set to witness the presence of 30+ industry visionaries, who would share case studies for you to learn from and exemplify exceptional organizational friction points, innovations, and accomplishments. Here is the Sponsors Roll-Call for this year’s edition:Sponsored Sponsored Powered By – RAKBANK Officially Supported By – Dubai International Financial Center (DIFC) Platinum Sponsor – SmartStream Gold Sponsors

Ethereum EIP-1559 Upgrade Adopted 34x Faster than Bitcoin Segwit

Source Node: https://beincrypto.com/ethereum-eip-1559-upgrade-adopted-34x-faster-bitcoins-segwit/
Time Stamp: August 27, 2021 2:11 AM - Modified On: August 27, 2021 - Published By:
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The adoption of the latest Ethereum upgrade appears to have outpaced that of Bitcoin’s Segwit by multiple factors.Sponsored Sponsored It has been a little over three weeks since Ethereum’s London upgrade was deployed on Aug 5. In that short time, it has seen rapid adoption according to Yearn Finance developer “banteg.” In a tweet on Aug 27, the developer stated that Bitcoin’s SegWit upgrade went live four years ago on Aug 25, 2017, adding that it is currently used for about 80% of BTC transactions.Sponsored Sponsored He compared that to