Scam Tokens Increase by 41% This Year
Over 350 fraudulent crypto tokens were created per day in 2022, according to blockchain risk monitoring firm Solidus Labs
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BNPL to Account for 4.1% of APAC E-Commerce Payments
Already popular in Australia and New Zealand, BNPL is gradually picking up steam in other APAC markets
Bitcoin Down amid BNB Concerns
Bitcoin dips well under the $17,000 threshold, while concerns over the largest global exchange Binance and its native token BNB hinder the crypto market
6 Reasons to Use Banking Software for Your Business
Companies require financial solutions for the smooth running of their businesses. Such services help businesses streamline operations, making them more efficient and cost-effective. Banking software offers financial services like payments, transfers, customer account management, and loans. Usually, third-party vendors offer such financial services. You can find a banking software with Sopra Banking.
CFOs Today Hold More Decision-Making Power than Previous Generations
Accenture has published a report on the role CFOs play in the accelerated digital transformation process, revealing the issue of the “paradox of choice,” increasingly putting executives under pressure
US Regulator Gets Unlimited Access to China-Based Companies Audit
For the first time in history, the US regulator has inspected China-based audit firms without governmental intrusion, giving hope to Chinese companies that might be delisted from American stock exchanges
Mars Labs & DWF Labs Team Up for Metaverse
The Mars Metaverse, scheduled for official launch in 2024, has gotten $1M investment from the web 3.0 investment company DWF Labs
Rabobank’s Blockchain Pilot Proves Successful
Since 2021, Rabobank has executed a series of real-time euro commercial paper transactions via blockchain technology – the pilot shows great potential
Fed Ups Rate 0.5 Percentage Points, Further Increase Likely
With inflation rates highest in the last 40 years, the US Federal Reserve has increased the interest rate by 0.5 percentage points.
ECB Raises Rates by 50 bp, Continues to Fight Inflation
Although the European Central Bank (ECB) has slowed down its rate hikes, the institution stressed that significant policy tightening is still ahead
Microsoft Bans Cryptocurrency Mining on Azure
Microsoft tries to increase the stability and safety of its cloud services by imposing new restrictions on activities like cryptocurrency mining
South Korea Central Bank Plans to Regulate Stablecoins
Following the lead of the EU, UK, and US financial authorities, the Central Bank of Korea announces standards for issuing stablecoins.
Citigroup Winds Up Consumer Banking in China
Ending its consumer banking operations in China is the latest step in Citi’s planned retreat from the business in Asia. However, Citigroup will continue to offer consumer services in Hong Kong and Singapore
Visa Expands Investments in Africa to Accelerate Digital Transformation
Visa pledged to invest $1 billion in Africa over the next five years to advance resilient, innovative, and inclusive economies across the continent
Barclays Raises Investments in Climate Tech Startups to £500 Million
Barclays bank is set to increase its funding of innovative climate tech startups from £175m by 2025, to £500m by 2027, seeing growth opportunities in the sector
Dejamobile Now Allows You to Pay Tips via NFC
Dejamobile has added support for tips to its white-label SoftPOS solution ReadyToTap Payment for Merchants
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