By Krisztian Sandor and Tom Wilson FRANKFURT (Reuters) -Major cryptocurrency exchange Binance said on Friday it would demand stricter background checks on customers to bolster efforts against money laundering, with immediate effect. Binance, the world’s biggest platform, has been under pressure in recent months from regulators across the world, who are concerned over the potential…
Global cryptocurrency adoption among individual investors has surged in the past year, according to crypto-analysis firm Chainalysis. Using factors like peer-to-peer exchange trading volume and value received, Chainalysis said global crypto adoption rose some 881% in the past 12 months. The firm sees institutional markets as crucial but aimed to highlight the countries with the…
A little-known digital token linked to the Cardano blockchain has just become the third-largest virtual currency in the world as network developers look to ride the boom in decentralized finance. With the so-called ADA cryptocurrency jumping around 50% over the past week alone, optimism is rising that new technological enhancements will allow smart contracts on…
For most of the 13-year life of cryptocurrencies, exchanges were the epicentre for cyberheists. Now, a bigger hacking risk in the growing sector has exploded into view: peer-to-peer crypto platforms. One such site, Poly Network, was at the centre of a $610 million crypto theft last week, one of the biggest ever. Within days of…
Last fall, Randi Hipper decided to, as she put it recently, “go in-depth with the crypto space.” After hearing about NFTs on Twitter and other social media platforms, Hipper, then a 17-year-old senior at Xaverian High School in Brooklyn, began releasing her own digital artworks — cartoonish and self-referential pieces showing her cruising in a…
Bitcoin’s rebound from the depths of July is still missing one of its usual star players: Leverage. Crypto traders have yet to meaningfully pile on leverage — essentially, borrowed money that can amplify returns or losses — as they have in past rallies. The spread between Bitcoin futures and its spot price has shriveled relative…
Finance is undeniably one of the essential departments of any company, whether small or large. However, several people have the assumption that finance professionals are only responsible for money management. While handling cash flows is the primary responsibility of the finance sector, it is not its only function. Finance individuals are also in charge of…
Cash flow is one of the most vital facets of business for entrepreneurs to manage. If you don’t keep a close eye on how much money is coming in versus what’s going out, you can end up in financial distress and may have to close or reduce your organization or sell it off to someone…
By Alun John and Tom Westbrook HONG KONG (Reuters) – Poly Network, the cryptocurrency platform which lost $610 million in a hack earlier this week, confirmed on Friday it had offered the hacker or hackers a $500,000 “bug bounty”. In a statement it thanked the hacker – who it dubbed a “white hat”, sector jargon…
As the global cryptocurrency market hit $2 trillion for the first time in nearly three months, the industry players on Friday said the surge in the market cap indicates a wider acceptance of crypto assets across the globe, including in India. Bitcoin has crossed the $46,000 mark (more than Rs 34 lakh for single coin)…
