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Chainalysis Partners with Wyoming Watchdog to Fight Cybercrime and Crypto Laundering Scams

Chainalysis Partners with Wyoming Watchdog to Fight Cybercrime and Crypto Laundering Scams

Chainalysis has announced partnered with Wyoming’s Division of Banking to fight cybercrime, crypto laundering, crypto scams, sanctions violations, and more.

WeBank Blockchain Patents Filings Rank Third Highest Globally for 2019

WeBank Blockchain Patents Filings Rank Third Highest Globally for 2019

China’s WeBank is leading the global banking community in banking technology patents jumping ahead of US giants JP Morgan Chase and Bank of America with 632 filed patents in 2019.

Banking on Blockchain: FinTech and Digitalization Will Play a Significant Role for the Chinese Banking Industry

Banking on Blockchain: FinTech and Digitalization Will Play a Significant Role for the Chinese Banking Industry

China’s banking industry for small to medium-sized enterprises (SMEs) will rely on digitization and financial technology to build a “new infrastructure” for the entire industry. Highly endorsed by the country’s president, Xi Jinping, blockchain technology has seen a surge in popularity in the past year.

World First Crypto Bank Sygnum Receives Approval To Offer Banking Services In Singapore

World First Crypto Bank Sygnum Receives Approval To Offer Banking Services In Singapore

Sygnum has been granted approval by the Monetary Authority of Singapore (MAS) to operate digital markets/banking services in the country

US Senator Pat Toomey Eyes Senate Banking Committee Chair and Digital Currency Regulations

US Senator Pat Toomey Eyes Senate Banking Committee Chair and Digital Currency Regulations

United States Senator Pat Toomey said he will take on digital currency regulation and payments reforms should he become the Senate Banking Committee’s next chairman.

Brazilian Banking Federation President Claims Crypto Cannot Replace Fiat Money

Brazilian Banking Federation President Claims Crypto Cannot Replace Fiat Money

The President of Brazilian Banking Federation has argued that cryptocurrencies do not meet the basic criteria of real currencies.

One Million Bitcoin Held By Dark Web Marketplaces and Cybercriminals, Chainalysis Data

One Million Bitcoin Held By Dark Web Marketplaces and Cybercriminals, Chainalysis Data

Data from Chainalysis reveals that almost one million Bitcoin is circulating on the dark web between bad actors and illicit darknet markets.

Banking on Blockchain: ICBC Releases First-Ever White Paper on Blockchain for the Financial Sector

Banking on Blockchain: ICBC Releases First-Ever White Paper on Blockchain for the Financial Sector

One of China's major banks, the Industrial and Commercial Bank of China (ICBC) has released its white paper on blockchain-based applications in the financial sector. The document is the first white paper related to blockchain technology in the financial industry. The paper also highlights the present challenges faced by the banking sector.

Samsung Launches New Secure Element Chip to Enhance Data Protection for Crypto Transactions

Samsung Launches New Secure Element Chip to Enhance Data Protection for Crypto Transactions

South Korean tech giant Samsung has announced a new revolutionary turnkey security solution to secure cryptocurrency transactions on its smartphones and tablets. Cryptocurrency transactions are one of the primary purposes of Samsung’s new Secure Element chip, which is expected to be available in Q3 2020. The solution involves a Secure Element (SE) chip S3FV9RR, which is Common Criteria Evaluation Assurance Level (CC EAL) 6+ certified. The new SE chip along with enhanced software is designed to offer higher protection for tasks including booting, isolated storage, mobile payment, and other applications.

US-China Tech War and Data Concerns Could Create the Splinternet

US-China Tech War and Data Concerns Could Create the Splinternet

Political tensions between the United States and China have been rising with some experts predicting the divide on data standards has grown large, it could split the internet.

Italian Banking Association Wants to Join in on the ECB Digital Euro Central Bank Digital Currency Project

Italian Banking Association Wants to Join in on the ECB Digital Euro Central Bank Digital Currency Project

The Italian Banking Association, Associazione Bancaria Italiana (ABI) has decided to participate in projects and experimentations of a European central bank digital currency, recently known as the digital euro.

Open Banking & Banking Digital Transformation Congress will be held in August in Shanghai

Open Banking & Banking Digital Transformation Congress will be held in August in Shanghai

Open Banking&Banking Digital Transformation Congress 2020 will be held on September 24-25 in Shanghai with a focus on digital transformation and open ecosystem construction of large state-owned banks, joint-stock banks, urban commercial bank, and foreign bank, etc. The congress will mainly discuss how iABCD empower retail, micro and corporate finance from perspectives of policy transmission, ecological construction, cultural innovation, business model innovation, product innovation, risk management, marketing, and the user experience, etc.

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