Report: Blockchain is poised to overhaul global payment systems

2024-8-31 20:10

According to a Binance report, blockchain technology is set to transform the global payments landscape by addressing inefficiencies in traditional financial systems. The Binance research report highlights that while current payment methods, such as Visa and Mastercard, offer the convenience…

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Источник: btcmanager.com

report systems → Результатов: 126

Crypto malware Angel Drainer shuts down following developer identification: report

Malware software-as-a-service Angel Drainer, linked to over $25 million in thefts, has reportedly shut down after its developers were potentially identified. Angel Drainer, a drainer-as-a-service program, has allegedly suspended its operations just two hours after cybersecurity researchers at Match Systems…

2024-7-17 10:14
drainer angel down malware program suspended allegedly

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Report Highlights Ethereum’s Potentially Dangerous Back-end

A research report published by the Liquid Collective and Obol has identified several risks tied to Ethereum’s interconnected infrastructure systems.

2024-6-18 05:30	News
report ethereum several identified risks systems infrastructure

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South Korea to Pilot CBDC With 100,000 Citizens in 2024: Report

The Bank of Korea sees a CBDC as a potential answer to problems with existing government-issued grant systems, such as during the COVID-19 pandemic or childcare vouchers.

2023-11-23 13:18
cbdc korea systems grant government-issued such existing

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Crystal Ball For Solana: Envisioning A Staggering 2030 Valuation

A recently released report explores the future potential of blockchain technology, particularly focusing on the revival and growing influence of Solana (SOL) in the crypto market. Asset and mutual fund manager VanEck disclosed one key driver of Solana’s influence is its advancements in Smart Contract Platforms (SCPs), defined as systems that execute contracts on a blockchain without requiring third-party involvement.

2023-10-30 08:40
solana influence blockchain advancements disclosed vaneck one

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Cryptocurrency misuse cases in Latin America

Match Systems, a leading firm in anti-money laundering solutions, has released a new report on cryptocurrency misuse cases in Latin America. The report reveals two significant illegal activities involving cryptocurrencies: a large-scale drug trade operation and a complex financial pyramid…

2023-9-22 16:14	Latin America
america report cryptocurrency latin cases misuse large-scale

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A Long Con: CoinsPaid Says Systems Were Under Attack For Six Months

In a new report, Estonia’s preeminent crypto payment and personal wallet provider, CoinsPaid, has revealed the intricate workings of a hacking incident that led to a colossal loss of $37 million. This audacious breach was reportedly the culmination of a six-month saga marked by calculated maneuvers and sophisticated tactics, orchestrated by none other than the notorious Lazarus Group.

2023-8-9 18:00
coinspaid audacious breach reportedly million colossal loss

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South Korean central bank charts out future course of payment systems, CBDC

The BOK 2022 Payment and Settlement Systems Report is a forward-looking document with ambitious plans for financial technology in the country.

2023-7-20 00:40	South Korea
systems payment document forward-looking report ambitious country

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Report: China to tighten rules around releasing generative AI tools

Sources close to Chinese officials say the draft rules for AI developers have been updated to include acquiring a license before releasing generative AI systems.

2023-7-11 12:25	China
releasing rules generative developers updated include draft

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MAS publishes report on asset tokenization and DeFi

The Monetary Authority of Singapore (MAS) has recently disclosed a detailed report exploring the integration of asset tokenization and decentralized finance (DeFi) within global financial systems and standards.

2023-6-27 20:08	Regulation
defi mas tokenization asset report finance decentralized

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LAC countries more open to CBDCs compared to cryptocurrency: IMF report

The IMF believes that countries in LAC see central bank digital currencies (CBDCs) as a better option to improve their payment systems compared to cryptocurrencies which are considered riskier assets

2023-6-23 11:11	Latin America
compared lac imf cbdcs countries payment better

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Classifying Crypto Tokens as Securities Will Hamper Some Blockchains’ Decentralization Efforts, Bernstein Says

The core issue is whether countries should use securities law framed decades ago to categorize crypto tokens, without realizing the efforts of blockchain networks’ to transform existing financial systems, the report said.

2023-6-13 13:28	Decentralization
securities efforts tokens crypto realizing without categorize

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NY Fed, Singapore Regulator Verify CBDC Interoperability, Payment Speeds in Latest Test

Central bank digital currency (CBDC) systems operating on different types of networks can be used for cross-border and cross-currency payments, a new report published by researchers with the New York Federal Reserve and Monetary Authority of Singapore late Thursday said.

2023-5-19 04:41
cbdc new singapore report published payments researchers

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Central Banks Successfully Test DLT in Linking Financial Settlement Systems

The experiment, called Project Meridian, shows it's possible to settle large synchronized transactions in central bank money, a report said.

2023-4-19 10:30
central settle possible large transactions report said

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Bank of America Says CBDCs Are the Future of Money and Payments

Central bank digital currencies have the potential to revolutionize global financial systems, the report said.

2023-1-18 15:17	Business
bank potential revolutionize currencies said report systems

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Fairfax County Pension Fund Invests $70M in Crypto Yield Farming Funds: Report

Virginia-based pension fund, The Fairfax County Retirement Systems, has invested $70 million evenly across two yield farming funds.

2022-8-4 11:50	Business
farming yield funds fund county pension fairfax

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Crypto resonates better with BIS’ vision of ideal monetary system

The report awarded points to the fiat ecosystem for the safety and stability policy while highlighting that “Public oversight has helped achieve safe and robust payment systems.”

2022-6-23 11:56
highlighting policy stability public oversight robust payment

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As Bitcoin Thrives, Bank Of America Says $2 Trillion Crypto Market Is ‘Too Large To Ignore’

Digital assets are fast becoming an integral part of financial systems worldwide, a fact that can no longer be overlooked. This is according to a new report dubbed “Digital Assets Primer: Only the first inning” released by the Bank of America (BofA).

2021-10-7 12:28	xbtusd
america assets digital bank new according overlooked

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America offers $10 million in crypto rewards to ‘whitehat’ darknet sleuths

A CNN report has revealed that the US government is stepping up activities to better protect its systems as it is now looking to offer a crypto-assets rewards system to hackers who help them uncover state-backed actors and potential terrorists on the dark web.

2021-8-18 19:00
rewards system hackers crypto-assets offer looking terrorists

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US financial regulators voice concerns over Tether and Facebook’s Diem

Tether (USDT/USD) and Facebook’s Diem, formerly Libra, were the main topic in a recent private meeting that discussed the risks stablecoins pose to financial systems. A report citing people familiar with the matter disclosed this news on July 27, noting that the US Treasury Secretary, Janet Yellen, led the meeting, which comprised the President’s Working […] The post US financial regulators voice concerns over Tether and Facebook’s Diem appeared first on Invezz.

2021-7-29 16:34	Tether
diem tether facebook financial meeting concerns voice

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Vietnam’s PM directs the state bank to run a trial on digital currencies

Phạm Minh Chính, Vietnam’s Prime Minister, has instructed the State Bank of Vietnam to study and trial digital currencies. A report unveiled this news on July 3, noting that unlike the central bank digital currencies (CBDCs) of other countries, which run on centralized systems, Vietnam’s will be blockchain-based.

2021-7-6 16:45	Cryptocurrency
vietnam digital currencies bank state run trial

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FBI Bolstering Tactics Against Illicit Cryptocurrency Transactions and Cybercrimes

The Federal Bureau of Investigation has been bolstering its systems and using stronger tactics to tackle cybercrime and the nefarious use of cryptocurrency, according to a Bloomberg report. The post FBI Bolstering Tactics Against Illicit Cryptocurrency Transactions and Cybercrimes appeared first on BeInCrypto.

2021-7-1 10:55
bolstering tactics cryptocurrency cybercrimes against fbi illicit

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ECB Warns of Stability Risks of Not Issuing A CBDC, It Matters for ‘International Currency Status’

“Issuing a CBDC would help to maintain the autonomy of domestic payment systems and the international use of a currency in a digital world,” says ECB’s report. The post ECB Warns of Stability Risks of Not Issuing A CBDC, It Matters for ‘International Currency Status’ first appeared on BitcoinExchangeGuide.

2021-6-3 19:24	CBDC
cbdc international ecb issuing currency stability warns

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State-backed digital currencies can disrupt financial systems: Report

While CBDCs could help central banks address the decline in cash payments, some risk factors remain.

2021-5-19 11:12	Fiat Money
banks address central help cbdcs could decline

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Gen X Investors Overtake Millennials in Crypto Adoption: Wirex & Stellar Report

Nearly 75% of consumers view digital assets and stablecoins as an alternative to traditional money transfer services. High fees, slower transaction times, and hectic cross-border transfers are some of the reasons leading consumers to digital asset payment systems, joint research from Wirex and Stellar Development Foundation (SDF) states.

2021-1-22 21:03	Trading & Investing
stellar digital wirex consumers states transfers cross-border

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Latest IRS draft shows how to file taxes on your cryptocurrency transactions

IRS Tax forms have a new filing method for cryptocurrency transactions, and they announced it a few days ago. The internal revenue service tax forms are used by organizations, individuals, and other taxpayers to report their financial information’s in the traditional finance systems.

2020-10-31 11:14	Cryptocurrency
transactions forms cryptocurrency tax irs internal organizations

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Travel Giant CWT Just Paid $4.5 Million Worth Of Bitcoin To Hackers Who Compromised Its Systems

Prominent US travel management agency CWT has paid 414 BTC amounting to $4.5 million to hackers who claimed to have compromised 30,000 computers and stolen sensitive corporate data from the firm. The report by Reuters said that according to data from the ransom negotiations, the cybercriminals attacked the firm’s systems using the Ragnar Locker ransomware […]

2020-8-1 16:06	xbtusd
hackers compromised travel data firm systems cwt

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Fear of Libra’s Stablecoin Replacing Domestic Currencies Is Greatly “Overstated:” Fed Reserve

Federal Reserve economists disclose that project Libra’s ability to disrupt economies may have significantly been “overestimated” and overstated by policymakers. The report released on Monday shut down the extremist's statements that the earlier version of one Libra stablecoin could replace the global economic systems as we know them today. The report arose from a prototype […]

2020-6-23 21:36	Libra
libra reserve report overstated stablecoin earlier version

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“Very Healthy and Active Ecosystem” – New Report Claims Tron Isn’t A Scam

Tron is one of the major and popular blockchain-based systems in the industry that have backed up their existence with a digital asset. However, the network has faced some backlash, with some people accusing it of plagiarizing its White Paper.

2020-6-22 12:20	trxusd
tron however network asset digital existence paper

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U.S. Authorities Tap Blockchain for Air Traffic and Drones Management

The Volpe Center of the United States Department of Transportation is now leveraging distributed ledger technology (DLT), the building blocks of bitcoin (BTC) and other digital assets, for air traffic management and unmanned aircraft systems (UAS) also known as drones, according to a Ledger Insights report on April 28, 2020.

2020-4-29 19:00
drones ledger management traffic air digital uas

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World Bank Report Illustrates The Potential of Blockchain In Bid For Financial Inclusion

Emerging technologies like Blockchain have sent Financial Institutions into a frenzy to try and adopt them lest they get left behind. These same entities have tried to integrate their legacy-ridden payment systems in a bid to achieve seamless operations.

2020-4-16 00:16	Blockchain Technology
bid financial blockchain same lest these get

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Kyber Research Report

As seen with Maker and the surrounding liquidity crunch, liquidity is everything. Without it, systems crumble. As a result, we’ve seen the realized potential for permissionless DEXs like Kyber and Uniswap.

2024-8-7 06:08	ethereum
liquidity kyber seen uniswap realized result like

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Did The Chinese Govt Use Alipay, WeChat Payment Systems to Track Coronavirus Victims?

Chinese Authorities Using Alipay and WeChat to Track Coronavirus Victims? Hubei, the Chinese province that’s the epicenter of the Coronavirus outbreak, had its government releasing a report on February 18th that gives details about the measures taken to combat the disease.

2020-2-19 00:17	Bitcoin Innovation
coronavirus chinese track victims alipay wechat february

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Coronavirus: A Perfect Opportunity to Prove Blockchain’s Coming of Age

According to a report by Enterprise Talk, February 7, 2020, blockchain technology and artificial intelligence (AI) are aiding the Chinese government tackle the coronavirus epidemic by managing global donations and providing real-time data through air quality monitoring systems for tracking the virus.

2020-2-9 14:00	Xi Jinping
coronavirus blockchain managing global epidemic tracking virus

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Ripple is less decentralized than BTC and ETH, but that’s not necessarily a bad thing

Grayscale, an institutional crypto asset management company, recently released a report analyzing XRP’s coin history, protocol, price, transaction speed and more. According to the report, the early developers of the XRP Ledger focused on creating a fast protocol that challenged established financial systems.

2019-12-25 05:38	XRP
xrp protocol report according early speed less

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Leading Aircraft Component Manufacturer Adopts Blockchain Technology

Moog Inc. , a United States-based designer and maker of motion and fluid control systems for aircraft, has integrated distributed ledger technology (DLT) into its processes in a bid to speed up the cumbersome process of aircraft parts replacement, according to a Wall Street Journal report on November 26, 2019.

2019-11-28 18:00
aircraft technology blockchain processes november simplifying existing

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Asia-Pacific Forecast to Lead Global Blockchain Healthcare Boom

Use of blockchain technology in healthcare is expected to boom over the next few years. A recent report into the industry anticipates a massive $890. 5 million being spent on blockchain systems across the global sector by 2023.

2019-11-21 01:00
blockchain healthcare asia-pacific global boom lead region

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Blockchain must offer significant improvements over existing systems: Report

Recently, ConsenSys published the Singapore Blockchain Ecosystem 2019 report, a report which addressed the nation’s blockchain landscape. The report was co-authored by Temasek, Monetary Authority The post Blockchain must offer significant improvements over existing systems: Report appeared first on AMBCrypto.

2019-11-13 20:30	Trading View
report blockchain systems existing improvements must offer

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Fortnite, FIFA’s Loot Boxes Find Enemy in England’s Children’s Commissioner

A new report dubbed ‘Gaming the System‘ by the Children’s Commissioner for England, Anne Longfield, finds that children are ‘pressured’ into loot boxes and micro-transactions when gaming.

2019-10-24 14:56
children england commissioner loot boxes gaming fortnite

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G-7 Task Force Releases Full Report on Impact of Global Stablecoins

Stablecoins could present a significant risk to global financial stability but hold promise for payment systems, says G7 report

2019-10-18 04:51	Facebook
report global stablecoins financial stability hold says

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UK passport program uses AI to create a virtual speed-line for white people

The lighter your skin, the better AI-powered facial recognition systems work for you. The UK Home Office knows this, because the government‘s been briefed several times on the problem. And a recent report shows that it knew it was developing a passport program built on biased, racist AI.

2019-10-9 21:15	UK
passport program ai-powered recognition facial uses photos

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Over 13.7M US medical test records found unsecured on servers

Medical records belonging to millions of patients across the world, including echocardiograms and X-rays, are stored on insecure servers that did not have basic security precautions in place, a new investigation by ProPublica has found.

2019-9-18 10:04	Tech
million found medical records x-rays servers world

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Fintech Startups Will Eat a Massive $280 Billion Banking Revenues by 2025

Coinspeaker Fintech Startups Will Eat a Massive $280 Billion Banking Revenues by 2025A newly released Accenture report shows the rapid transition of the global payments industry and how the new systems will make the traditional revenue models obsolete.

2019-9-16 15:37
banking fintech billion revenues eat 280 massive

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Blockchain Device Market Expected to Grow to $1.285 Billion By 2024; Smartphone & PoS Systems Leading

A report recently released by MarketsandMarkets, a market research and intelligence platform indicated that the BTC devices market was expected to grow by an annual compound growth rate of 42. 5%. The platform released its report on September 12th.

2019-9-13 19:42	Blockchain Technology
report devices market crypto released platform pos

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Congressional Research Service Releases Report On Blockchain Use In Energy Sector

The US Congressional Research Service has released a report titled "Bitcoin, Blockchain, and the Energy Sector" that details the current state of energy consumption related to crypto mining and explores the possibility of integrating blockchain tech into current energy systems.

2019-8-13 00:53	law and legislation
energy blockchain congressional current sector service research

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North Korean hacking groups and copycats are going after financial institutions

State-sponsored and criminal actors are mounting a wide array of cyber attacks against the global finance industry with an aim to steal data and sabotage trading systems, according to new research.

2019-8-1 15:32	Tech
attacks financially-motivated cyber north trading financial institutions

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Senate Intelligence Committee: Russia targeted all 50 US states ahead of 2016 elections

In a heavily redacted report released by the Senate Intelligence Committee today says Russians targeted election systems in all 50 US states ahead of the 2016 elections. This shows a much larger impact than previous reports (which separately noted that 21 states, and then 39 states were affected) as targets of the Russian interference.

2019-7-26 09:50	United States
states report committee all intelligence senate russians

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India doesn’t want WhatsApp sharing your payment data with Facebook

Even as WhatsApp readies to launch its mobile payment service in India later this year, the government is concerned about its privacy and security ramifications. “Indian authorities are concerned that WhatsApp‘s payment service might share user data with group companies Facebook and Instagram, compromising the security, privacy and non-commercial information of its subscribers,” according to a report from the Economic Times.

2019-7-26 09:40	Privacy
whatsapp payment facebook data india government payments

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Report: Regulated Digital Money will Boost Global Payments Systems

Supranational economic institutions have been studying the effects of cryptocurrency and blockchain. In a report released by the IMF, July 15, 2019, they highlight the potential for cryptocurrencies and traditional digital money to spark a new age of payments.

2019-7-17 19:00	Stablecoins
blockchain report economic cryptocurrency money payments digital

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Here’s why India wants to build its own WhatsApp and Gmail

The Indian government is reportedly planning to build its own WhatsApp-like chat platform to facilitate secure communications for government agencies, according to news outlet Economic Times. The move is meant to reduce the country’s reliance on US technology companies, and ensure that all communication and data transmitted over the service will be stored locally in the country.

2019-6-27 14:22	Tech
gmail communication official all government own country

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Paxos to expand Euro presence through acquisition of Membrane Finance

Paxos is looking to expand its presence in the European Union through a new deal for Finland-licensed e-money platform Membrane Finance. Paxos, which issues stablecoins such as Pax Dollar, PayPal USD (PYUSD), and Pax Gold (PAXG), disclosed the potential deal…

Binance launches BFUSD stablecoin offering 19.55% APY

Binance has introduced a new stablecoin, BFUSD, with an annual percentage yield of 19.55%. The stablecoin is designed to appeal to crypto users seeking passive income. The total supply of BFUSD is capped at 20 million tokens, and the stablecoin…

Tether to invest in Quantoz to support MiCA-compliant stablecoins

Tether will invest in Quantoz Payments to support the launch of euro and U.S. dollar-pegged stablecoins, EURQ and USDQ. In an announcement on Nov. 18, Tether revealed plans for an upcoming investment in the Netherlands-headquartered payments firm to facilitate the…

Kraken-backed stablecoin issuer Quantoz to launch two MiCAR compliant tokens

Dutch fintech firm Quantoz to roll out MiCAR-compliant stablecoins pegged to the euro and U.S. dollar in a bid to facilitate payments and transfers across markets. Quantoz Payments, a Netherlands-headquartered payment tech firm, plans to debut two MiCAR-compliant stablecoins —…

Could crypto save the U.S. from a debt crisis, will it push Bitcoin above $150k?

Crypto could stave off the U.S. debt crisis, according to Former House Speaker Paul Ryan in his recent op-ed published in the Wall Street Journal. Ryan argues that America’s $35.46 trillion and rising debt threatens the U.S. dollar’s status as…

Binance will launch USUAL stablecoin on Nov. 19

Binance will be the first platform to launch the stablecoin USUAL on Nov. 19. The crypto exchange will provide trading support for USDT and USUAL trading pairs. In a notice published on Nov. 14, Binance announced the 61st project that…

Transfero integrates Wormhole as interoperability provider

Transfero, a stablecoin issuer focused on Latin American currencies, has tapped Wormhole as its interoperability provider. The Brazil-based fintech company announced the development on Nov. 13, noting that integrating Wormhole (W) will help power its stablecoins amid a multi-chain approach.…

2024-8-31 20:10

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