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World Economic Forum Warns Leaders to Brace for Long-Lasting Global Recession as Cybercrimes Surge

World Economic Forum Warns Leaders to Brace for Long-Lasting Global Recession as Cybercrimes Surge

The World Economic Forum (WEF) suggested that leaders around the world need to do more to ensure a quicker and more sustainable recovery for the global economy caused by the COVID-19 pandemic. Amongst the 350 top risk professionals in the world surveyed, these risk managers expect a prolonged global recession, as a number of areas of concern were identified in the report compiled by the Forum’s Global Risks Advisory Board, Marsh & McLennan Companies Inc, and Zurich Insurance Group.

Binance China and Xinyuan Group to Expand Blockchain Utility in Global Real Estate

Binance China and Xinyuan Group to Expand Blockchain Utility in Global Real Estate

Binance China Blockchain Institute, the research arm of global exchange Binance has formed a strategic partnership with Xinyuan Group to further the application of blockchain technology in the global real estate industry—including New York.

Poloniex and Bittrex Added to Ongoing Class-Action Lawsuit Facing Tether and Bitfinex Over Bitcoin Price Manipulation

Poloniex and Bittrex Added to Ongoing Class-Action Lawsuit Facing Tether and Bitfinex Over Bitcoin Price Manipulation

Two US cryptocurrency exchanges Bittrex and Poloniex have been added to a class-action lawsuit that alleges billions of unbacked Tether stablecoin were used to manipulate Bitcoin prices. The two US exchanges have been added as defendants in an ongoing lawsuit against Tether and Bitfinex. Poloniex and Bittrex have been summoned to appear to the court because of their alleged involvement in the manipulation of Bitcoin price during the bull run in 2017.

InvestHK unveils Global Fast Track Programme to boost fintech development with Hong Kong's proven market resilience and fintech opportunities

InvestHK unveils Global Fast Track Programme to boost fintech development with Hong Kong's proven market resilience and fintech opportunities

Invest Hong Kong (InvestHK) today (August 10) unveiled the Global Fast Track Programme, a business-driven programme within Hong Kong Fintech Week (HKFW), Asia's annual flagship fintech event,to help local and global fintech enterprises leverage Hong Kong's proven resilience and fintech opportunities to scale business and accelerate innovation.

WEF Proposes Interoperable Stablecoins as Building Blocks for a Sustainable Global Economy

WEF Proposes Interoperable Stablecoins as Building Blocks for a Sustainable Global Economy

Stablecoins and the technology underlying them will be the building blocks of a more sustainable, inclusive and resilient global financial system according to the World Economic Forum (WEF).

United States Financial Regulators Sign Onto the Global Financial Innovation Network

United States Financial Regulators Sign Onto the Global Financial Innovation Network

In a joint report released by the US Securities and Exchange Commission on 24th October 2019, four US financial watchdogs have joined the Global Financial Innovation Network (GFIN).

Bittrex Leverages Chainalysis KYT Tool to Enhance Security and Regulation Compliance

Bittrex Leverages Chainalysis KYT Tool to Enhance Security and Regulation Compliance

Cryptocurrency exchange Bittrex will use Chainalysis Know Your Transaction (KYT) to meet new and existing regulatory and compliance standards, and establish a safer, more secure platform for their users.

IEOs are Overhyped? Research Shows That Most IEO Projects are not Profitable

IEOs are Overhyped? Research Shows That Most IEO Projects are not Profitable

Replacing ICO’s is the IEO business model, although a report by Blockshow Capital suggests that it may not be the most profitable investment. In retrospect, Binance has proven to be the best platform to yield profitable returns.

ECB President Pushes for Digital Euro but Calls for Global Bitcoin Regulation

ECB President Pushes for Digital Euro but Calls for Global Bitcoin Regulation

Christine Lagarde, European Central Bank president, said the Bitcoin has been used for money laundering activities and is calling for global regulation of the cryptocurrency.

Bittrex Exchange Halts Services In 31 Countries Due To Regulatory Risk

Bittrex Exchange Halts Services In 31 Countries Due To Regulatory Risk

Bittrex, a U.S-based blockchain platform that provides real-time trade execution, dependable digital wallets, and industry-leading security practices, has just recently announced the shutdown of operations in 31 countries of the world.

G20 Agency Warns Countries of Systemic Risks Posed by Global Stablecoins

G20 Agency Warns Countries of Systemic Risks Posed by Global Stablecoins

The Financial Stability Board (FSB), the G20 body that advises on ways to improve the global financial system, has published a study on the challenges, which stablecoins pose for the global economy. The FSB stated that regulatory frameworks have already covered several activities associated with stablecoins, although there are other risks that many national regulators could be left unprepared for.

Allied Market Research: Blockchain Integration into the Global Retail Market to Garner $11 Billion by 2026

Allied Market Research: Blockchain Integration into the Global Retail Market to Garner $11 Billion by 2026

Allied Market Research, a global market research and business firm, has reported that the incorporation of blockchain into the global retail market will garner $11.18 billion by 2026 from $83 million recorded in 2018.

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