BNB Chain halts upon $100M cross-chain bridge exploit
BNB Chain has faced a significant exploit, with all deposits and withdrawals suspended on the network
Reports
The state of crypto laundering and fraud incidents: report
Recent reports reveal the extent of cross-chain crypto crime and losses from crypto hacks and alleged fraud incidents
Solana daily transactions exceed Ethereum by 39 million
The Merge hype didn’t help ETH trading activity: daily transactions in the Solana blockchain surpassed 40 million compared to Ethereum’s 1 million token transfers
Robotic Automation in China’s Factories Increases to Cover Workforce Shortage
Industrial robotic automation in China soars as the country tries to maintain manufacturing dominance despite a shrinking working-age population
U.S. Dollar Rise Threatens Global Economies
Rally of the U.S. dollar may provoke a growth slowdown for other major economies of the world
Fintech M&A on the rise due to low valuations
Global Fintech M&A rose sharply in the first half of 2022, as deals now take place at discounted prices
Greenwashing in British banks is pervasive
Almost half of the UK banks don’t focus on sustainability despite their ESG claims
UK fintech investment plunges
Global decline has ultimately undermined the robust UK fintech investment segment: slowdown is impressive
Inflation Eased in Separate Industries
U.S. consumer price inflation moderated in August, but the slowdown was uneven
Contactless payment transaction values to surpass $10 trillion globally by 2027: Juniper Research
Growing mobile payment adoption will catalyse robust contactless payment transaction growth during the next five years
Canadian fintech investment sinks
Canadian fintech companies saw only US$810 million in total investment in the first half of 2022, compared to US$1.9 billion in the second half of 2021
Nine in ten card payments are now contactless: Lloyds
Lloyds concluded that debit card spend made in person using contactless technology has grown from 65% to 87% in the last three years
Klarna’s losses quadruple: investors cherish profitability over growth
BNPL giant Klarna saw its net losses nearly quadruple in the first half of 2022 driven by higher credit defaults, increased employee costs and a shift in investor sentiment
Visa Token Service Reached Important Milestone
The number of Visa tokens worldwide grew twofold in a year, reaching 4 billion tokens in circulation and surpassing the quantity of Visa bank cards for the first time
VC investments into blockchain increased to $14.8 billion: GlobalData
VC funds invested an impressive $14.8 billion in the blockchain sector last year, as companies continue to focus on IT solutions built on the technology
NFTs Are Increasingly Targeted by Criminals: Report
More than $100 million worth of NFTs got stolen over the past year, according to report from Elliptic
Popular News
© 2011 - 2023 PaySpaceMagazine. All rights reserved.